Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax tech companies like Google and Amazon when they meet at a chateau north of Paris starting Wednesday.
Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data.
Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the US and global economies, leading to slower growth, lower inflation and lower interest rates.
Stressing she can empathize with the struggles of the micro, small and medium enterprises (MSMEs), Tessie Sy-Coson, vice-chair of the country’s leading conglomerate SM Investment Corp. (SMIC), offers financing assistance via its BDO One Network Bank and its mall chain as market for entrepreneurs.
Outdoor advertising might still be a fraction of the huge advertising industry, but it is one sector that offers a lot of growth not just in Metro Manila but for nationwide campaigns.
New York-headquartered New Fortress Energy is the latest investor that approached the Department of Energy (DoE) for prospective investment in an onshore liquefied natural gas (LNG) import terminal to be integrated with a gas-fired power facility.
The skyrocketing costs of feedstock for bioethanol production may force domestic producers to shutdown operations – especially if government measures to remedy the situation won’t come quick and judicious as they are needed.
The Department of Energy (DOE) has temporarily lifted for 30 days its earlier cease and desist order (CDO) against the coal trading activities of Semirara Mining and Power Corporation (SMPC) due to an alleged violation of one of its buyers.
SM Hotels and Conventions Corp (SMHCC) and Lanson Place Hospitality Management Limited (LPHM) of Hong Kong signed a management agreement heralding the introduction of the Lanson Place brand in the Philippines.
Bangko Sentral ng Pilipinas (BSP) may start installing coin-counting machines in groceries as part of its coin recirculation program to encourage coin usage instead of hoarding these coins and eventually forgotten in homes.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has sent out final letters of demand for payment to several companies with long-overdue obligations, the Department of Finance (DOF) revealed.
BRUSSELS – The European Union’s trade surplus in goods with the United States and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions.
Grab, Southeast Asia’s leading everyday app and Splyt Technologies, a London-based, global mobility marketplace, have announced an enhanced collaboration to give travellers convenient access to ride-hailing services anywhere in the world.
KUALA LUMPUR – Malaysia seized more than 1 billion ringgit ($243.5 million) from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.
LONDON – British wages, excluding bonuses, rose at their fastest pace in nearly 11 years, official data showed on Tuesday, but there were potential signs of future weakness in jobs growth, the economy’s silver lining since the Brexit referendum.
TOKYO – Oil prices were steady on Tuesday after falling in the previous session as output in the US Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as US shale production is expected to rise to a record.
Local share prices fell on profit-taking on Tuesday after a strong start as investors pocketed gains from the recent rally.
SEOUL – The Korea Exchange (KRX) said on Tuesday it has decided to impose a 175 million won ($148,655) fine on Bank of America Merrill Lynch’s (BAC.N) South Korean unit for irregular trading activities.
SHANGHAI – Most Asian stock markets rose on Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later this month.
IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective to make the products in Europe and import them.