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.
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.
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.
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.
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.
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.
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.
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.
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.