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Oil prices up on tighter supply, China factory activity in focus
Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world's second-biggest economy.
Asian markets up as US jobs data boost case for Fed rate pause
Asian currencies were treading water against the U.S. dollar, while equities jumped on Wednesday after weak U.S. labour data cemented bets of a pause in interest rate hikes by the Federal Reserve and on optimism over the potential for additional stimulus in China.
IFC pours $11 billion into Asia-Pacific the past year
The International Finance Corporation (IFC), the private sector finance arm of the World Bank, has poured $11 billion worth of projects across emerging markets in Asia-Pacific in fiscal year ended June this year.
Fedex, DHL losing multibillion dollar Manila e-commerce trade over steep shipping fees
Transport giants as Fedex and DHL are losing business to freight forwarding companies who cater to the shipping requirements of online Filipino shoppers and charge only competitive fees, according to a report by the US Department of Agriculture (USDA).
House appropriations committee eyes higher DTI budget to boost investments, create more jobs
The chairman of the House appropriations committee on Monday committed to look for ways to augment the budget for the Department of Trade and Industry, the country’s main investment promotion agency, whose proposed 2024 spending plan pends at House of Representatives.
