International news
News from wire services and other publishers.
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Inflation seen at highest level in over three years
Inflation may have accelerated to as high as 7.4 percent in September, potentially the fastest pace in three-and-a-half years, as bad weather lifted food prices while costlier fuel and a weaker peso added to price…
PCO: IBC-13 risks going off the air without gov't subsidy
PCO Secretary Dave Gomez asked senators to help restore subsidy for the agency"s attached GOCC IBC-13, saying it risked going off the air without government funding.
Hong Kong banks set golden week lures for mainland Chinese visitors despite new levies
Hong Kong commercial banks continue to offer incentives to attract mainland visitors during the first golden week after Beijing tightened cross-border investment rules and enforced the collection of a 20 per cent levy…
BSP urges public to check banknotes carefully during 'ber' months
A sari-sari store in Dagupan City received a fake P1,000 bill from a customer who used it to pay for a purchase.
New World Development posts HK$26.8b loss after 11 Skies termination
New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its…
DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m
Maxim’s Caterers has struck a deal to buy back its shares from DFI Retail Group for US$340 million plus control of its licensed Starbucks business, according to an exchange filing released on Wednesday. The deal will…
US dollar surges in September, leaving euro lagging
Key drivers for the common currency will be expectations for Fed and ECB policy
PH must rethink worker preparation amid AI use -- experts
Experts called on companies in the country to rethink preparing workers to cope with the rising artificial intelligence (AI) adoption and overseas migration.
Renminbi has ‘huge’ room to grow as more Chinese firms expand overseas: StanChart
But currency is unlikely to challenge the US dollar’s dominant position soon, say lender’s executives
Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market
Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market…
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