Asian shares mixed after Nasdaq record as Wall St rallies on
TOKYO — Shares were mixed in Asia on Tuesday after the Nasdaq composite touched a fresh record as enthusiasm about reopening the economy pushed Wall Street still higher. A man…
A US recession began in February in the face of coronavirus
A woman walks into a closing Gordmans store on Thursday in St. Charles, Missouri. Stage Stores, which owns Gordmans, is closing all its stores and has filed for bankruptcy. (AP)…
Stocks vault higher, as Nasdaq hits record on economy hopes
NEW YORK — Wall Street’s enthusiasm about the reopening economy sent stocks scrambling even higher on Monday, and the Nasdaq composite wiped away the last of its coronavirus-induced losses to…
World Bank: PH GDP to shrink 1.9% in 2020
MANILA, Philippines — Amid the COVID-19 pandemic, the World Bank sees the Philippine economy shrinking by 1.9% this year, a slower pace of contraction than government estimates of negative 2%…
Dominguez on Congress’ trillion-peso stimulus plans: No funds for that
The trillions of pesos in stimulus bills which Congress passed to revive the economy post-pandemic cannot be funded because of lack of excess revenue, according to the government’s chief economic…
Neda, DOF see better jobs numbers as GCQ sets in
The transition to a less restrictive general community quarantine (GCQ) in many places was expected to narrow the unemployment rate of more than 17 percent posted last April, which broke…
Work on some Build, Build, Build projects resumes under GCQ
As lockdowns in Luzon and other places with high numbers of COVID-19 cases gradually ease, the government has resumed work on a number of big-ticket infrastructure projects, according to Finance…
‘Travel bubbles’ eyed to revive economies
A flight departing from Korea to Dalian International Airport, at Shandong province in 2020. via China Daily BEIJING — Governments in the Asia-Pacific region are exploring the creation of “travel…
PH’s COVID-19 war chest breaches P1 trillion
MANILA, Philippines — The Philippines’ war chest against COVID-19 breached the P1-trillion level as of June, the latest data compiled by economists at the Manila-based Asian Development Bank (ADB) showed,…
Asian shares advance on Wall St jobs rally, OPEC plus deal
BANGKOK — Shares advanced Monday in Asia, buoyed by surprisingly strong U.S. jobs figures that helped power a surge on Wall Street on Friday. A man wearing a face mask…