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Trump Blames Canada for Wildfire Smoke, Threatens Additional Tariffs
President Donald Trump blamed Canada for wildfire smoke affecting large parts of the United States and said his administration would add the costs of responding to the pollution to existing tariffs on Canadian goods.

By The Financial District
Jul 231 min read


Jamie Dimon Says U.S. Needs 300,000 Skilled Workers to Revive Shipbuilding
JPMorgan Chase Chief Executive Officer Jamie Dimon warned that the United States has fallen significantly behind in shipbuilding and now faces a major shortage of skilled workers.

By The Financial District
Jul 231 min read


Palawan Rides the Next Wave of Island Travel
As travelers look beyond familiar holiday hotspots, Palawan is emerging as one of the world’s fastest-rising island destinations, strengthening the Philippines’ position in the increasingly competitive global tourism market.

By The Financial District
Jul 232 min read


PSE index Falls 1.04% as Middle East Tensions Extend Market Sell-off
The Philippine Stock Exchange (PSE) index fell for a second straight session on Wednesday as escalating tensions in the Middle East continued to weigh on investor sentiment, closing another level lower at 6,267.84, down 65.95 points or 1.04%.

By The Financial District
Jul 231 min read


Trump's Temporary Global Tariffs Set to Expire July 24
President Donald Trump's temporary 10% global tariff, imposed under Section 122 of the Trade Act of 1974 after the Supreme Court struck down his blanket tariffs in February, is set to expire on July 24.

By The Financial District
Jul 221 min read


Trump Imposes 25% Tariffs on Brazilian Imports
The Trump administration has imposed 25% tariffs on selected imports from Brazil, marking the latest phase of its renewed global trade strategy.

By The Financial District
Jul 221 min read


Crypto Bill Faces Hurdle Over Restrictions on Trump-Linked Investments
The cryptocurrency industry's top legislative priority is facing significant uncertainty, and its prospects may depend on the outcome of a White House meeting between President Donald Trump and Republican senators regarding the Clarity Act.

By The Financial District
Jul 222 min read


PSE Index Tumbles as Middle East Tensions Spark Profit-taking
The Philippine Stock Exchange (PSE) index fell sharply Tuesday amid renewed concerns over the economy and the resumption of hostilities in the Middle East, closing at its intraday low of 6,333.80, down 81.92 points or 1.28%.

By The Financial District
Jul 211 min read


AI-Fueled Tech Selloff Deepens as Chip Stocks Near Bear Market
When it rains, it pours. The artificial intelligence (AI) trade is being hit by a wave of negative developments, and the outlook appears increasingly uncertain.

By The Financial District
Jul 211 min read


France Repatriates Gold Holdings as Central Banks Increase Bullion Reserves
France has reportedly earned about €13 billion (US$15.1 billion) through a restructuring of its gold reserves while joining a broader global trend of central banks increasing and repatriating their bullion holdings.

By The Financial District
Jul 211 min read


Iraq Expands Oil Shipments Through Syria to Reduce Reliance on Strait of Hormuz
Iraq is increasingly transporting fuel oil through Syria by truck, creating an alternative export route that reduces dependence on the Strait of Hormuz.

By The Financial District
Jul 211 min read


U.S. and Iraq Sign US$60 Billion in Deals to Expand Energy Export Routes
The United States and Iraq signed approximately US$60 billion worth of agreements and partnerships aimed at expanding energy infrastructure and developing alternative oil export routes that bypass the Strait of Hormuz.

By The Financial District
Jul 211 min read


PSE Index Holds Above 6,400 Despite Volatile Trading
The Philippine Stock Exchange (PSE) index edged higher on Monday, closing at its intraday low of 6,415.72, up 11.61 points, or 0.18%, as gains in services and mining stocks offset weakness in most other sectors.

By The Financial District
Jul 211 min read


Bessent Confirms Fort Knox Gold Is Intact but Says U.S. Dollar Is No Longer Backed by Gold
U.S. Treasury Secretary Scott Bessent said America's gold reserves remain securely stored at Fort Knox but emphasized that the precious metal no longer backs the U.S. dollar under the modern monetary system.

By The Financial District
Jul 201 min read


Bull Market Remains Among Strongest on Record Despite Tech Sell-Off
Despite recent weakness in technology stocks, the U.S. bull market remains one of the strongest on record.

By The Financial District
Jul 201 min read


U.S. Inflation Eases as Consumer Prices Post Biggest Monthly Drop in Over Six Years
The U.S. Consumer Price Index (CPI) recorded its largest month-to-month decline in more than six years between May and June, driven primarily by falling gasoline prices.

By The Financial District
Jul 201 min read


Dow, S&P 500 and Nasdaq End Week Lower as Chip Stocks Extend Sell-Off
U.S. stocks closed lower, with all three major indexes posting weekly losses as a sharp sell-off in semiconductor stocks weighed on investor sentiment.

By The Financial District
Jul 201 min read


Shipping Firm Says Vessels Are Avoiding Trump's Preferred Strait of Hormuz Route
Business intelligence firm Kpler says shipping companies are increasingly avoiding the southern route through the Strait of Hormuz, near Oman's coast, citing growing security concerns.

By The Financial District
Jul 201 min read


China's Economy Posts Slowest Growth in More Than Three Years
China's economy expanded 4.3% year on year in the second quarter of 2026, its slowest pace of growth since late 2022, as weak domestic demand and a prolonged property market downturn offset strong export performance.

By The Financial District
Jul 191 min read


Japanese Farmers Fear Rice Price Collapse After Supply Rebounds
Nearly two years after the so-called "Reiwa-era rice upheaval" began in the summer of 2024—triggering shortages and soaring prices—Japan is now facing a rice surplus, leaving farmers concerned about falling prices.

By The Financial District
Jul 191 min read


PSE Index Climbs 1.25% as Ayala Land Rally Boosts Investor Confidence
The Philippine Stock Exchange (PSE) index climbed to another milestone on Friday, closing at 6,404.11, up 78.96 points, or 1.25%, as improving investor sentiment fueled broad-based buying.

By The Financial District
Jul 171 min read


German Carmakers Suffer Sharp Sales Decline in China
Major German automakers posted steep declines in quarterly sales in China as weakening consumer demand and intensifying competition weighed on performance in the world's largest automobile market.

By The Financial District
Jul 171 min read


PSE Index Rises 0.36% as Mining Stocks and Ayala Firms Lift Market
The Philippine Stock Exchange (PSE) index extended its gains on Thursday, closing at 6,325.15, up 22.65 points, or 0.36%, after a volatile trading session.

By The Financial District
Jul 171 min read


New York to Impose First Statewide Moratorium on Large AI Data Centers
New York will halt the construction of new large-scale data centers for up to one year while the state develops regulations to protect the environment and power grid from the energy-intensive facilities that support artificial intelligence (AI).

By The Financial District
Jul 161 min read
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