Thursday, 09 October 2025, 3:30 am

    Reuters

    136 POSTS

    As China woes mount, investment banks brace for more Asia job cuts

    Job cuts at western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as deal prospects brighten in Japan and India, headhunters and bankers said.

    Equities fall, yields jump after data and Powell comments

    Shares on Wall Street and in Europe fell on Monday and government bond yields jumped as traders amended their expectations of a near-term U.S. interest rate cut.

    Oil inches up as US plans more strikes in Mideast, Ukraine hits Russian refinery

    Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery.

    Amazon beats estimates on AI-fueled cloud, ecommerce businesses, shares jump

    Amazon.com AMZN.O beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period, sending its shares up 8 percent after the market close.

    India rates extend rally on low supplies; Thai prices ease

    Parboiled rice export prices from India extended their record rally this week, driven by tight supplies and firm demand due to higher prices in other hubs, while Thai rates slipped as new supply from fresh harvests trickled in.

    Just in

    BPI wins major honors at 2025 ABF Retail Banking Awards

    The Bank of the Philippine Islands (BPI) earned six prestigious awards at the 2025 Asian Banking & Finance (ABF) Retail Banking Awards, further cementing its position as a leading force in the Philippine banking industry.

    DOE unveils new petroleum exploration projects 

    The Department of Energy (DOE) has launched eight new petroleum service contracts (PSCs) in a renewed push to strengthen the Philippines’ energy independence and reduce reliance on imported fuel. 

    Tokyo-Manila defense ties deepen amid maritime security focus

    Japan and the Philippines continue to strengthen their maritime defense cooperation, with Japanese Ambassador Endo Kazuya reaffirming Tokyo’s commitment to supporting Manila’s maritime security capabilities during the Blue Economy Annual Trade & Conference (BEACON EXPO 2025) held at the Mall of Asia.

    Kaspersky warns of rising deepfake threat, urges swift registration

    Global cybersecurity firm Kaspersky has warned Filipinos of the growing danger posed by deepfake technology and urged the government to implement stronger legislation to combat this emerging cyber threat.
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