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Japan’s Minority Government Faces Budget And Reform Challenges In Extra Diet Session

By The Financial District

Dec 31 min read

Japan’s Minority Government Faces Budget And Reform Challenges In Extra Diet Session

Japan’s parliament began an extraordinary 24-day session to address a supplementary budget and revisions to political funds laws, marking...

TikTok CEO Asks Elon Musk For Help Amid Trump Administration Pressure

By The Financial District

Dec 31 min read

TikTok CEO Asks Elon Musk For Help Amid Trump Administration Pressure

TikTok CEO Shou Chew has reportedly reached out to Elon Musk for advice, leveraging Musk’s close relationship with President-elect Donald...

Dai Nippon Printing Says Elliott Has Sold Its Stake

By The Financial District

Dec 31 min read

Dai Nippon Printing Says Elliott Has Sold Its Stake

Dai Nippon Printing Co. announced that Elliott Investment Management has significantly reduced its stake in the company, less than two...

Bangko Sentral ng Pilipinas Advances Islamic Finance

By The Financial District

Dec 32 min read

Bangko Sentral ng Pilipinas Advances Islamic Finance

The Bangko Sentral ng Pilipinas (BSP) underscored the Philippines' growing potential as a key player in Islamic finance during the launch...

Mark Cuban: Revolutionizing Affordable Healthcare

By Gerry Urbina

Dec 32 min read

Mark Cuban: Revolutionizing Affordable Healthcare

In a world where exorbitant drug prices often put life-saving medication out of reach, the Mark Cuban CostPlus Drug Company offers a...

Subway CEO John Chidsey To Step Down By Year-End

By The Financial District

Dec 31 min read

Subway CEO John Chidsey To Step Down By Year-End

Subway announced that its CEO, John Chidsey, will retire at the end of 2024. Carrie Walsh, a Subway executive, will step in as interim CEO.

Philippines Named World's Leading Dive Destination

By The Financial District

Dec 32 min read

Philippines Named World's Leading Dive Destination

The Philippines has been named the World’s Leading Dive Destination for the sixth time by the 2024 World Travel Awards (WTA).

DTI Destroys Substandard Steel Products In Cavite

By The Financial District

Dec 31 min read

DTI Destroys Substandard Steel Products In Cavite

The Department of Trade and Industry (DTI) has ordered the destruction of ₱737,000 worth of substandard steel products in Trece Martires...

By The Financial District

Dec 31 min read

PSE Index Advances

The Philippine Stock Exchange (PSE) index advanced Monday on bargain hunting, closing at its highest price point of 6,742.89 points, up by..

Walmart Warns Customers: Tariffs Will Mean Higher Prices

By The Financial District

Dec 21 min read

Walmart Warns Customers: Tariffs Will Mean Higher Prices

Walmart, the world’s largest retailer, has issued a stark warning to customers that potential tariffs promised by President-elect Donald...

By The Financial District

Dec 21 min read

Bank Loans Rise By 10.6%

Outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements grew by 10.6% year-on-year in...

Investors To Analyze Retailers’ Holiday Sales Outlooks

By The Financial District

Dec 22 min read

Investors To Analyze Retailers’ Holiday Sales Outlooks

Consumers are entering the peak of the holiday shopping season, weary of high prices but eager for bargains.

Toyota Revives Tamaraw Model With ₱5.5 Billion Investment

By The Financial District

Dec 22 min read

Toyota Revives Tamaraw Model With ₱5.5 Billion Investment

The Philippine Economic Zone Authority (PEZA) has reaffirmed its support for Toyota Motor Philippines Corporation (TMP) and the automotive..

Intel's $7.86 Billion Subsidy Deal Limits Sale of Chip Manufacturing Unit

By The Financial District

Dec 21 min read

Intel's $7.86 Billion Subsidy Deal Limits Sale of Chip Manufacturing Unit

Intel has revealed that the $7.86 billion in US government subsidies it has secured restricts its ability to sell stakes in its chip...

Bank of Korea Makes Surprise Interest Rate Cut, Warns Of Trade Risks

By The Financial District

Dec 21 min read

Bank of Korea Makes Surprise Interest Rate Cut, Warns Of Trade Risks

The Bank of Korea (BOK) has surprised markets by delivering its second consecutive interest rate cut, slashing the benchmark rate to 3%...

FATF Concerns Blamed For Net Outflows In Investment

By The Financial District

Dec 22 min read

FATF Concerns Blamed For Net Outflows In Investment

The Philippines experienced a significant shift in foreign investment flows in October 2024.

Anglo American Sells Aussie Coal Mines To Peabody Energy For $3.78-B

By The Financial District

Dec 21 min read

Anglo American Sells Aussie Coal Mines To Peabody Energy For $3.78-B

Anglo American has announced having agreed to sell its Australian steelmaking coal mines to Peabody Energy for a cash consideration of up...

By The Financial District

Nov 302 min read

PSE Index Closes Month Still Sinking

The Philippine Stock Exchange (PSE) index declined again Friday, with foreign investors acting as net sellers amounting to over ₱1 billion.

Asian Stocks Subdued, Dollar Dips Amid Thanksgiving Trading Lull

By The Financial District

Nov 291 min read

Asian Stocks Subdued, Dollar Dips Amid Thanksgiving Trading Lull

Asian markets traded cautiously on Thursday, with investors wary following US economic data that signaled stalled progress in reducing...

Saudi Aramco To Invest $1 Billion In U.S. Telecom Tech Maker Mavenir

By The Financial District

Nov 291 min read

Saudi Aramco To Invest $1 Billion In U.S. Telecom Tech Maker Mavenir

Saudi Aramco’s digital subsidiary, Aramco Digital, is reportedly negotiating a $1 billion investment for a minority stake in U.S.-based...

Meta Faces Shareholder Lawsuit Over Cambridge Analytica Scandal

By The Financial District

Nov 291 min read

Meta Faces Shareholder Lawsuit Over Cambridge Analytica Scandal

Meta has definitively lost its bid to avoid a shareholder lawsuit over the Cambridge Analytica scandal.

China’s Richest Man Blasts Tech Giants And Government

By The Financial District

Nov 291 min read

China’s Richest Man Blasts Tech Giants And Government

China’s richest man has criticized online shopping platforms, accusing them of instigating price wars that have harmed companies and...

New Inflation Data Won’t Change Fed Interest Rate Tack

By The Financial District

Nov 292 min read

New Inflation Data Won’t Change Fed Interest Rate Tack

Economic reports this week are highlighted by Wednesday’s release of an inflation measure favored by Federal Reserve policymakers.

German Auto Supplier Bosch To Cut 5,500 Jobs

By The Financial District

Nov 291 min read

German Auto Supplier Bosch To Cut 5,500 Jobs

Bosch, Germany's leading technology and services company, has announced that it plans to reduce its automotive division workforce by up to..

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