Markets
Treasury bond yield down at auction on excess demand
The National Treasury offered at an auction Wednesday P20 billion of treasury bond, which were originally issued at as 7-year bonds due in October 2029 at a coupon rate of 7 percent.
Government, communist rebels eye talks to end decades-long insurgency
The Communist Party of the Philippines, along with its political arm the National Democratic Front and its armed wing the New People’s Army, agreed with the Marcos administration to explore the possibility of negotiating a deal that would end the world’s longest-running insurgency.
Japan cuts view on economy for first time in 10 months
Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.
Wall Street ends lower, gold jumps as Fed minutes reveal cautious policy approach
U.S. stocks dipped on Tuesday and gold touched a two-week high while minutes from the Federal Reserve's most recent meeting showed the central bank...
What to expect when Biden meets Xi Jinping in San Francisco
U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president.
