Wall Street slips ahead of Fed Chair Powell speech
Major U.S. markets closed lower Thursday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium—an elite annual gathering of global central bankers that often sets the tone for global interest rate direction.
Walmart shares down as earnings miss eclipse raised outlook
Shares of Walmart were down on Thursday, closing 5 percent lower as the market focused on its second-quarter earnings missing analyst expectations instead of the better growth forecast for retail giant for the full-year.
SEC slaps ₱12M fine on Villar Land, board over delayed financial filings
The Securities and Exchange Commission (SEC) has imposed a ₱12-million fine on Villar Land Corp. (formerly Golden MV Holdings Inc.) and its 11-member board of directors for repeatedly failing to submit timely financial reports.
Agri stakeholders back PH rice import ban as Vietnam plans WTO complaint
Local agricultural groups have expressed support for the Department of Agriculture’s (DA) decision to implement a 60-day rice import ban starting 1 September, aimed at protecting rice farmers in the upcoming wet season harvest. However, reactions are mixed on Vietnam’s reported plan to challenge the move before the World Trade Organization (WTO).
DOE set to complete carbon credit trading rules by next month
The Department of Energy (DOE) plans to release a long-awaited circular by next month establishing the regulatory framework for carbon credit certificate (CCC) trading in the Philippines—a critical move to kickstart a credible domestic carbon market aligned with international standards.
