Business

General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. More than 38,000 Canadian vehicles impacted by recall. GM recalls 450,000 vehicles for ‘inoperative low …

Beyond the potential for the Bangko Sentral ng Pilipinas (BSP) to ease monetary policy further, what are the broader implications of the US Federal Reserve’s substantial 50 basis points interest rate cut? What effects could this have on the Philippine peso, exports (especially if the peso appreciates), equity and bond …

TOKYO — The Bank of Japan (BoJ) left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fueled turmoil across world markets. Two days after the US Federal Reserve (Fed) slashed rates for the first time since the start of …

Statistics Canada says retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales. The agency says sales were higher in seven of the nine subsectors it tracks.  Sales were helped by stronger new car sales, agency said. Statistics Canada says retail sales rose …

SAN FRANCISCO, California — A years long analysis shows that social media titans engaged in “vast surveillance” to make money from people’s personal information, according to the US Federal Trade Commission (FTC). A report based on queries launched nearly four years ago aimed at nine companies found they collected troves …

SHANGHAI, China — China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve (Fed) delivered an outsized interest rate cut earlier this week. However, market watchers widely believe further stimulus will be rolled out …

At a recent media roundtable, NEX country director Brenda Valerio said the Philippines is “lagging” in Southeast Asia when it comes to the number of unicorns, or startups with a valuation exceeding $1 billion/Miguel de Guzman, file  MANILA, Philippines —  Clean energy and climate startups in the Philippines are trailing …

The Philippines registered a higher balance of payments (BOP) surplus of $1.592 billion as of end-August from $1.504 billion in end-July amid sustained net inflows and a narrowing trade gap, according to the Bangko Sentral ng Pilipinas (BSP). The BOP which is a summary of the economic transactions of a …

TD Bank Group announced Thursday that Raymond Chun will replace CEO Bharat Masrani when he retires next spring. It comes as the bank works to resolve investigations into deficiencies in its anti-money-laundering program in the U.S., which allegedly allowed hundreds of millions of dollars of illicit drug profits to flow …

Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition. CEO says company isn’t going anywhere, but needs ‘essential flexibility’ after years of financial woes. Tupperware …