Markets
China’s push to loosen Mao-era residence rules runs into hurdles
In recent months, Chinese authorities have fanned hopes among some economists that the internal passport system that has largely tethered people's destinies to their place of origin since the 1950s may be in its dying days. A distressed property market and sluggish consumption have injected new urgency into a drive to loosen restrictions and grant more people the opportunities that urban registration affords.
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...
