IMF projects ‘deeper recession’ for world economy
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. Agencies via China Daily/Asia News Network WASHINGTON — The International…
San Miguel chief: “Feed the hungry, take care of the sick.”
Ramon S. Ang (File photo by LEO M. SABANGAN II / Philippine Daily Inquirer) Consumer giant San Miguel Food and Beverage (SMFB) has rolled out the single-largest local corporate food…
Asian stocks skid as new coronavirus cases rattle markets
BANGKOK — Shares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two…
Toyota recalls gas-electric hybrids for engine stall problem
Brand new Toyota Prius cars are displayed on a sales lot at City Toyota on September 5, 2018 in Daly City, California. (AFP) DETROIT — Toyota is recalling about 752,000…
Bayer paying up to $10.9B to settle Monsanto weedkiller case
Containers of Roundup are displayed at a store in San Francisco. (AP) BERLIN — Bayer said Wednesday that it will pay up to $10.9 billion to settle litigation over the…
Wirecard scandal puts spotlight on German company regulation
FRANKFURT, Germany — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of…
DOF probing POGOs operating without paying taxes
MANILA, Philippines — The Department of Finance (DOF) is looking into reports that some Philippine offshore gaming operators (Pogos) had reopened despite their unpaid taxes, Secretary Carlos Dominguez III said…
IMF sees PH economy shrinking 3.6% in 2020
MANILA, Philippines — The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The…
PSE trading floor, head office shut for decontamination
MANILA, Philippines — The Philippine Stock Exchange (PSE) shut down its trading floor and head office in Bonifacio Global City for decontamination on Wednesday after an employee tested positive for…
PSEi falls 1.73% as foreign selling continues
The local stock barometer dropped below the 6,200 mark yesterday as foreign funds dumped a number of local blue chip companies. The Philippine Stock Exchange index (PSEi) slid by 108.95…