Markets
AMD surges in OpenAI chip deal
Advanced Micro Devices Inc. (AMD) surged Monday, adding around USD64 billion in market value after announcing a landmark artificial intelligence infrastructure partnership with OpenAI, owner of ChatGPT.
T-Bill rates climb ahead of BSP decision, inflation data
Average yields on Treasury bills rose across all tenors at Monday’s auction, as the market awaited the Bangko Sentral ng Pilipinas' (BSP) next monetary policy move amid expectations of a fresh uptick in inflation.
Buffett’s Berkshire to buy OxyChem for USD9.7B
Berkshire Hathaway has struck a deal to acquire OxyChem, the chemical division of Occidental Petroleum, in an all-cash transaction worth USD9.7 billion, subject to customary adjustments.
US market, gold gain despite government shutdown, job losses
Major U.S. markets shrugged off a federal government shutdown and weaker labor data on Wednesday, with equities and gold both pushing higher.
Safeguard duty seen as lifeline for local cement industry
The proposed safeguard duty on imported cement is drawing strong support from industry and business groups, who claim it will not trigger price hikes but is essential to protecting the local cement industry and jobs.
