Business

A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023. European and US stocks rebounded on Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the …

New investment leads from Taiwanese firms reached P20.6 billion, according to the Philippine Trade and Investment Center-Taipei (PTIC-Taipei), the representative office of the Department of Trade and Industry (DTI) in Taiwan. PTIC-Taipei organized the 2023 Philippine Investment Forum in Taiwan recently together with the Philippine Economic Zone Authority (PEZA) where …

This Nov. 4, 2023 photo shows an aircraft of the Papua New Guinea’s national airline, Air Niugini at the NAIA Terminal 1. MIAA / Facebook MANILA, Philippines — Papua New Guinea on Saturday marked the 50th anniversary of its national airline, Air Niugini, with festivities in the Philippines. Ambassador of …

Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren’t afraid to raise their prices anymore.  …

The local currency gained 63 centavos to close at 56.1 to a dollar from 56.73 last Tuesday. It opened stronger at an intra-day low of 56.6 and rallied to an intra-day high of 55.93, but lost steam toward the end of the trading session. (BW / File)  MANILA, Philippines — …

Canada’s economy added 18,000 new jobs last month, slightly lower than what economists were expecting, and not enough to stop the jobless rate from inching up to 5.7 per cent, because more people joined the work force.  Economy added more jobs, but nowhere near enough to offset growth of labour …

The American and Canadian economies are very similar. Inflation is decelerating, employment remains robust but one is growing by 4.9 per cent while the other is flirting with a recession.  Americans consumers — and politicians — have been in a spending mood. In a lot of ways, the U.S. and …

TVA announced it will be laying off 547 employees after seeing a $13-million deficit this year, mostly due to loss of advertising revenue.  Company blames changing media landscape, unfair competition, government inaction. One of Quebec’s media giants announced Thursday that it is laying off roughly one-third of its workforce as …

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada’s $13.5-billion acquisition of HSBC’s domestic unit, citing the lack of competition in the country’s financial sector.  Competition Bureau has approved the transaction, but deal has attracted opposition. The House of Commons finance committee has …

After withstanding the once in a lifetime pummeling of the COVID-19 pandemic, Canada’s restaurant industry is still in dire straits and many businesses are in danger of going under.  More than half of Canadian restaurants are currently losing money, despite prices higher than ever. After withstanding the once in a …