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PSE Index Down
The Philippine Stock Exchange (PSE) index declined Thursday, closing at its lowest for the day amid continued pessimism in the market. It ended at 6,412.81 points, down by 12.99 points or 0.20 percent.

By The Financial District
May 302 min read


Trump Signs Orders to Boost Nuclear Power, Shift Oversight
President Donald Trump signed executive orders aiming to quadruple U.S. nuclear power production within 25 years—a goal energy experts say is unlikely.

By The Financial District
May 291 min read


Elon Musk Leaves White House A "Laughingstock," Officials Say
It’s becoming increasingly clear that billionaire Elon Musk was not the mastermind some believed him to be, pulling the strings of President Donald Trump from behind the scenes.

By The Financial District
May 292 min read


Cartel Leader With $1-M U.S. Bounty Killed in Mexico
A leader of a notorious Mexican drug cartel who had a $1 million bounty on his head in the U.S. has been killed in a clash with army troops.

By The Financial District
May 292 min read


Trump Announces “Partnership” Between U.S. Steel and Nippon, Sparking Confusion
President Donald Trump has announced a “partnership” between U.S. Steel and Japan’s Nippon Steel Corp., sending shares of U.S. Steel surging as much as 26%, though the details of the deal remain unclear.

By The Financial District
May 281 min read


Bitcoin And MicroStrategy Enter Rare Period Of Market Calm
Bitcoin and MicroStrategy—now rebranded as Strategy—are showing their lowest levels of volatility in more than a year.

By The Financial District
May 281 min read


CK Hutchison Confirms Aponte’s MSC As Main Investor In Global Ports Deal
CK Hutchison has confirmed that Italian billionaire Gianluigi Aponte’s family-run MSC Mediterranean Shipping Company is the primary investor in the $22.8 billion sale of its global ports business.

By The Financial District
May 281 min read


Jamie Dimon: JPMorgan Will Not Pull Back From China
JPMorgan CEO Jamie Dimon reaffirmed the bank’s commitment to China despite rising geopolitical tensions, calling the country a critical long-term investment.

By The Financial District
May 281 min read


Telegram’s CEO Pavel Durov Faces Possible Prison Sentence in France
Telegram founder and CEO Pavel Durov is facing up to 10 years in prison in France, even as the messaging platform just announced its first annual profit.

By The Financial District
May 281 min read


Trump Chokes Apple With Tariff Threats Despite Cook’s Diversification Push
Apple CEO Tim Cook’s years-long effort to reduce the company’s reliance on China has run into a familiar hurdle: Donald Trump.

By The Financial District
May 281 min read


TSMC Warns U.S. Tariffs Could Undermine Arizona Chip Projects
Taiwan Semiconductor Manufacturing Company (TSMC) has warned that proposed U.S. tariffs on foreign-made semiconductors could derail its $165 billion investment in advanced chip manufacturing in Arizona.

By The Financial District
May 281 min read


Exxon, Hess To Face Off Over Chevron Deal For Oilfield Riches
Exxon Mobil and Hess are set to face each other in court to determine the fate of Chevron’s $53-billion acquisition of Hess.

By The Financial District
May 281 min read


After Shunning Bitcoin, Banks Now Want Their Own Crypto
Some of America’s largest banks missed the Bitcoin boom. Now they’re trying to reenter the crypto space—this time by issuing their own stablecoin—but their success is far from guaranteed.

By The Financial District
May 281 min read


Singapore Private Banks Seek Cash From Wealthy Chinese Scions
Over five days in Hong Kong, children of top-tier clients of Singapore’s United Overseas Bank (UOB) networked with prominent businesses in the Chinese-ruled city.

By The Financial District
May 281 min read


Apple Has Had Few Incentives To Start Making iPhones In The U.S.
Lashing out at Apple’s decision to shift iPhone production for the U.S. market to India, President Donald Trump threatened to impose a 25% tariff on the device unless Apple begins manufacturing it domestically.

By The Financial District
May 281 min read


Nissan Mulls Sale Of Yokohama HQ, Eyes Global Restructuring
Nissan Motor is considering selling its iconic headquarters in Yokohama as part of sweeping restructuring efforts that also include closing seven factories worldwide.

By The Financial District
May 281 min read


Chinese EV Stocks Tumble As BYD Slashes Prices By Up To 34%
Shares of Chinese electric vehicle (EV) makers fell sharply after BYD—the country’s top-selling car brand—announced sweeping price cuts of up to 34% across 22 electric and plug-in hybrid models.

By The Financial District
May 281 min read


McDonald’s To Shut Down CosMc’s Spinoff Chain
McDonald’s has announced that it will close all five locations of its CosMc’s chain, effectively ending the beverage-centric spinoff just two years after its launch.

By The Financial District
May 281 min read


Kim Jong Un Furious After Destroyer Sinks At Launch Ceremony
North Korea’s latest naval project suffered a major blow when a newly built 5,000-ton destroyer was severely damaged during its launch—an event witnessed by leader Kim Jong Un.

By The Financial District
May 281 min read


Asian Markets Slip Amid Holiday Lull; Eyes On Inflation, U.S. Data
Asian shares traded mostly lower as markets awaited key U.S. data and absorbed inflation signals from Japan.

By The Financial District
May 281 min read


PAGCOR Swings Big: ₱100-M Raised, Futures Transformed
In a bold swing that sent more than golf balls soaring, the Philippine Amusement and Gaming Corporation (PAGCOR) proved once again that power and purpose can co-exist.

By The Financial District
May 282 min read


Elevated Treasury Yields Drag Stocks On U.S. Fiscal Outlook Worries
Stocks and the U.S. dollar slid Thursday as long-term Treasury yields hovered near 18-month highs, reflecting persistent concern over America's fiscal health.

By The Financial District
May 281 min read


No Place To Hide From China-Taiwan Conflict, Investors Say
Once seen as unthinkable, the risk of a Chinese invasion of Taiwan is now a tail-risk scenario many investors feel they must take seriously—though few see ways to hedge against it.

By The Financial District
May 281 min read


Crypto Industry Hopes For Win On Stablecoins
The crypto industry could notch its first major legislative win as the Senate moves closer to passing a bill to regulate stablecoins, a foundational part of the $3.3 trillion crypto market.

By The Financial District
May 281 min read
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