Inflation ticked higher in August, government data showed, complicating investor hopes for a more aggressive interest-rate cut from the Federal Reserve as President Trump’s tariffs continue to feed into consumer prices.

The corruption scandal involving ghost flood control projects, coupled with fears of looming political turmoil, hammered the Philippine Stock Exchange (PSE) index, which slid below its support level to 6,057.43 points — down 51.78 points or 0.85 percent.

Mexico said it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies that the government said would protect jobs and analysts said was aimed at placating the United States.

California Governor Gavin Newsom has mocked Donald Trump over the president’s promise to “immediately” lower food costs once back in the White House.

US farmers are losing billions of dollars in soybean sales to China halfway through their peak marketing season, as stalled trade talks halt exports and South American suppliers fill the gap.

A U.S. metals company has signed a $500 million investment deal with Pakistan.

Jeremy Siegel, professor at the Wharton School and chief economist at investment firm WisdomTree, told CNBC that Bitcoin could become a serious competitor to the US dollar as the world’s reserve currency.

The recent record run in the U.S. stock market appears to be in jeopardy as investors pull back from their earlier bullish positioning.

President Donald Trump told European officials he is willing to impose sweeping new tariffs on India and China to pressure Russian President Vladimir Putin into negotiating with Ukraine.

President Donald Trump has struck a highly unusual trade deal with Japan that grants him sweeping control over Japanese investments in the United States.

The number of jobless Filipinos grew to 2.59 million in July 2025, registering a 5.3 percent national unemployment rate.

Negative sentiment arising from corruption scandals dominating the headlines and the rule change at Konektadong Pinoy weighing on FDI inflows, dragged the Philippine Stock Exchange (PSE) index to just below its support level at 6,109.21 points — down by 17.68 points, or 0.29 percent — amid an upcoming rally expected to again disrupt markets next week.

Asian shares rose on Friday, September 12, 2025, tracking Wall Street’s record-setting run the day before, after a mixed set of US data bolstered expectations that the Federal Reserve will cut interest rates to support the economy.

President Donald Trump’s attempt to fire Lisa Cook, a member of the Federal Reserve Board, is likely illegal and she must be immediately reinstated, a federal judge ruled.

The Trump administration hailed last week’s raid at a Hyundai-LG car battery plant under construction in Georgia as a labor victory.

As widely expected, the European Central Bank (ECB) kept its benchmark interest rate unchanged as the eurozone economy shows resilience and inflation remains close to the ECB’s 2% target.

President Ferdinand R. Marcos has assigned the newly created Independent Commission on Infrastructure (ICI) the powers and functions necessary to investigate anomalous flood control and related projects of the Department of Public Works and Highways (DPWH) over the past 10 years.

Asian shares mostly rose in early Wednesday trading, tracking record rallies on Wall Street after fresh US labor data boosted expectations of a Federal Reserve rate cut.

A top aide to U.S. President Donald Trump who is on his shortlist to be the next chair of the Federal Reserve said Sunday that the central bank must be “fully independent of political influence,” including from Trump.

The Philippine Stock Exchange (PSE) index eked out another modest gain on Thursday, adding 6.80 points or 0.11 percent to close at 6,126.89.

The Philippine Stock Exchange (PSE) index dipped slightly on Wednesday, closing at 6,120.09, down 2.62 points or 0.04 percent, as market pessimism lingered.

Lawmakers this week renewed a push to ban stock trading by members of Congress, as previously competing proposals were merged into a single measure.

The U.S. economy likely added close to a million fewer jobs in 2024 and early 2025 than previously reported, the latest sign that the labor market — until recently a bright spot — may be weaker than it appeared.

Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports.