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.
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 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.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.
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.
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.
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.
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.
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.