Wednesday, 29 October 2025, 9:12 am

    Reuters

    136 POSTS

    US regional banks tumble for second straight day on NYCB woes

    U.S. regional banks sold off again on Thursday, adding to losses from a day earlier when New York Community Bancorp NYCB.N reported increased stress in its commercial real estate portfolio, renewing fears about the industry's health.

    Stocks, yields slide as Fed signals no rate cut soon

    Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was "moving sustainably" towards its 2 percent target.

    HK court orders China Evergrande to liquidate with debts of $300 bln

    A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis.

    US economy brushes aside recession fearmongering with strong Q4 performance

    The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and shrugged off dire predictions of a recession after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5 percent.

    India rates spring to record highs on dwindling supplies, firm demand

    Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand.

    Just in

    NVIDIA to invest USD1B in Nokia, shares surge on AI-driven telecom push

    NVIDIA, the global leader in artificial intelligence and accelerated computing, is investing USD1 billion in Finnish technology firm Nokia as part of a sweeping strategic partnership to develop artificial intelligence-powered wireless infrastructure, sending both companies’ shares soaring Tuesday.

    Peso weakens to ₱59.13; BSP vows to let market set rate

    The local currency the peso weakened further on Tuesday, closing at ₱59.13 against the US dollar, as investor concerns grew over the country’s economic outlook and government spending slowdown.

    Study finds Filipinos not ready for retirement

    Filipinos are far from fully prepared for retirement, according to the first-ever InLife Retirement Index, which gave the country a score of 47 out of 100.

    APECO, Korean, and Filipino firms sign deal for new Casiguran International Port

    The Aurora Pacific Economic Zone and Freeport Authority (APECO) signed a tripartite memorandum of agreement (MOA) with Yooshin Engineering Corporation of South Korea and Lordsbridge Resources Corporation of the Philippines to develop the Casiguran International New Port, a flagship infrastructure project aimed at establishing Aurora as a key maritime gateway to the Pacific.
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