Business

TOKYO — Bank of Japan (BoJ) policymakers shared the view that the central bank will keep raising interest rates if its economic and price forecasts are met, minutes of their September meeting showed on Wednesday. The nine-member board also agreed that the BoJ’s near-term focus should be to scrutinize the …

Bitcoin/Pixabay TOKYO — Bitcoin soared to a new record high on Wednesday as traders bet on victory for Donald Trump in the US presidential race, with the tycoon seen as the pro-crypto candidate. The digital currency hit as much as $75,005.08 at around 0300 GMT (11 a.m. in Manila), topping …

The days of oil companies being compared to broken cash machines are likely over. After raking in record profits, the oilpatch now faces cheaper commodity prices. Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years …

BCE has signed a deal to buy U.S. fibre internet provider Ziply Fiber for about $5 billion in cash, using in part the profits from the high-profile sale of the company’s stake in Maple Leaf Sports & Entertainment earlier this fall.  The move comes after the company sold its stake …

China Real Estate Association Secretary General Cai Yun (left) presents SM Supermalls President Steven Tan with the Award for Most Prominent Commercial Real Estate Contributor of the Year from GuanDian, the leading supplier of industry information and data in China. PHOTO FROM SM SUPERMALLS  SM Supermalls President Steven Tan has …

Photo Credit: LinkedIn PHILIPPINE Bank of Communications (PBCom) raised about P7.7 billion from the maiden issuance of fixed-rate peso bonds that were listed on the Philippine Dealing and Exchange Corp. on Tuesday. The one-and-a-half-year Series A bonds, which carry a fixed interest rate of 6.0796 percent per year, comprised the …

GENEVA, Switzerland — China has moved forward with a complaint at the World Trade Organization (WTO) that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles (EVs). The Chinese diplomatic mission to the WTO said on Monday it “strongly opposes” the measures and insisted its …

As voters decide who will take over the White House, there’s a feeling the person who becomes U.S. president will bring in policies that could shift Canada’s role in the automotive industry. There are “two completely different visions for the future of the industry” as pitched by the two candidates, …

Boeing’s West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled plane-maker.  About 33,000 machinists have been on strike since Sept. 13 demanding steep wage increase. Boeing’s West Coast factory workers …

VIENNA — Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December. The move is aimed at boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential election, though analysts predict …