KIEV – Ukraine government proposes parliament to adopt the 2020 state budget with 2.09% deficit, finance minister Oksana Markarova said on Sunday.
WASHINGTON – A year ago, US Federal Reserve Chair Jerome Powell held a “remarkably positive outlook” for an economy enjoying a “historically rare” combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.
Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the OPEC kingpin’s production.
The United Auto Workers said late on Saturday that it will not extend its contract with General Motors Co (GM.N) that was set to expire in hours, but would continue to work pending a meeting of senior union officials.
BERLIN – BMW’s (BMWG.DE) engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s (VOWG.DE) Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday.
NEW DELHI – India on Saturday announced a series of measures to revive the housing sector and boost exports as the government tries to kick-start an economy hit by a lending crisis and a slowdown in demand.
WASHINGTON – Major drug wholesalers and retailers facing a massive lawsuit for allegedly fostering the nation’s opioid crisis asked the judge hearing the case to recuse himself on Saturday.
LONDON – An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country’s production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.
TOKYO – Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, t1he Nikkei newspaper reported on Sunday.
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduling to rebid the three real estate assets after its first attempt to sell the properties failed.
The Department of Environment and Natural Resources (DENR) said the government’s studying the impact on the local mining industry of Indonesia’s ban on its nickel-ore exports.
Leading microfinancial service provider Cebuana Lhuillier has mobilized its 8,000-strong workforce to teach Filipinos on the importance of savings in achieving financial goals.
The Department of Finance (DOF) said the continued downward trend in the growth of consumer prices was reflective of the government’s “decisive efforts” to keep inflation at a manageable level.
The central bank reported that as of end-June, the country’s current account deficit fell to $1.7 billion versus same time in 2018 of $3.8-billion deficit on improved remittance inflows.
The pump prices of gasoline products are expected to increase by P1.30 to 1.50 per liter while diesel products are also expected to increase by P0.70 to P0.80 per liter this week.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the possibility of another policy rate cut – at least 25 basis points (bps) — could come sooner or even by September 26 which is the next Monetary Board policy meeting.
The Duterte administration plans to form a group that would study the proposal to use gross income as basis in the computing corporate taxes to minimize corruption, the Department of Finance (DOF) said.
Home improvement retailer AllHome Corporation, a firm controlled by tycoon Manuel B. Villar, has tightened its initial public offering (IPO) price range to P11.50 to P14.00 per share.
The Philippine Ecozone Zone Authority (PEZA) has remitted to the national government P1.8 billion in dividends or 81.21 percent already of the P2.2 billion the agency contributed during the six-year period of the previous administration.
The Department of Energy is seeking collaboration with the Ministry of Economy, Trade and Industry (METI) of Japan for the deployment of distributed energy systems (DES) for island-provinces in the Philippines.