GENEVA, Switzerland — Current production levels of key minerals such as lithium, cobalt, and nickel needed for clean energy technologies are insufficient to reach global climate goals, a United...
https://business.inquirer.net/456642/production-of-minerals-for-clean-energy-insufficient-says-un
WASHINGTON — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey, and New York. The Federal Deposit Insurance Corp. said Friday it had seized t...
https://business.inquirer.net/456639/regulators-close-philadelphia-based-republic-first-bank
Written by: Amy R. Remo An emerging powerhouse of connectivity, opportunity, and sustainable growth, the 1,714-hectare Alviera Estate —situated amid the lush landscapes and burgeoning economy o...
https://business.inquirer.net/456423/northern-luzons-powerhouse-mixed-use-community
NEW YORK — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such...
https://business.inquirer.net/456636/jpmorgans-dimon-hopes-for-soft-landing-for-us-economy
MANILA, Philippines — Philex Mining Corp.’s earnings plunged by 70.55 percent in the three months ending March as revenues and metal output declined. In a disclosure on Friday, Philex Mining ...
https://business.inquirer.net/456634/philex-mining-net-income-drops-71-on-weak-metal-production
MANILA, Philippines — The International Finance Corp. (IFC), the World Bank arm that is focused on the private sector, is investing $7 million in Philippine consumer fintech firm Salmon Group L...
https://business.inquirer.net/456630/philippine-fintech-company-salmon-gets-7-m-ifc-investment
WASHINGTON — The International Monetary Fund said Friday it will open a $8.1 billion credit line for the government of Colombia, part of a program to help states avoid crisis situations. Unlike...
https://business.inquirer.net/456626/imf-opens-8-1-billion-credit-line-for-colombia
NEW YORK — ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil’s big takeover appears on track to close before Chevro...
https://business.inquirer.net/456624/us-oil-giants-profits-dip-as-exxon-deal-nears-finish-line
LONDON — Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms...
NEW YORK — The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday. The S&P 500 rallied 1 percent to finish its first winning week in ...
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is ready to defend the peso as the local currency sinks to 17-month lows amid a rallying US dollar, its governor said. In a statement...
https://business.inquirer.net/456435/bsp-ready-to-defend-weakening-peso
MANILA, Philippines — Banks are staying cautious when lending to businesses amid weakening profitability of some companies, the Bangko Sentral ng Pilipinas (BSP) said in a new report that also ...
https://business.inquirer.net/456431/banks-kept-tight-lending-standards-to-businesses-in-q1
MANILA, Philippines — The Ayala Group of the Zobel family will increase its capital spending this year by up to 14 percent to reach P284 billion, as some of its core business units intensify ex...
https://business.inquirer.net/456432/ayala-plumps-up-capex-to-p284b-as-units-scale-up
MANILA, Philippines — Conglomerate Aboitiz Equity Ventures (AEV) saw its net income surge by 22 percent to P4.9 billion in the first three months of 2024 from P4 billion in the same period a ye...
https://business.inquirer.net/456436/power-unit-boosts-aboitiz-bottom-line-by-22
MANILA, Philippines — News of Consunji-led companies acquiring cement manufacturer Cemex Holdings Philippines Inc. (CHP) drew negative sentiments from the market on Friday, with the cement firm...
MANILA, Philippines — Investors shopping for lower-priced shares lifted the benchmark index on the last trading day of the week despite negative cues from the US market. By the end of the sessi...
https://business.inquirer.net/456433/psei-inches-up-amid-bargain-hunt
MANILA, Philippines — Gotianun-led developer Filinvest Land Inc. (FLI) is venturing into the coworking space business as more companies opt for remote work postpandemic. In a stock exchange fil...
https://business.inquirer.net/456437/filinvest-enters-coworking-industry-amid-remote-work-revolution
To transform the agriculture sector, it is necessary to also transform the structures supporting it. Thankfully, changes are now ongoing under the current leadership. We discuss here one such str...
https://business.inquirer.net/456438/a-shadow-government-in-the-da
WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon a...
KUALA LUMPUR — Malaysian conglomerate Capital A said on Friday it had finalized a 6.8-billion ringgit ($1.4 billion) deal to merge its airline affiliates under an entity to be called AirAsia Gr...
https://business.inquirer.net/456420/airasia-unveils-new-listing-plan-under-1-4-b-merger
LONDON, United Kingdom — Copper prices rallied Friday above $10,000 per ton for the first time in two years, propelled by soaring global demand and tight supplies. In early morning trade on the...
https://business.inquirer.net/456416/copper-price-tops-10000-for-the-first-time-in-two-years
HONG KONG, China — Markets were mixed on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been overdone, while the yen...
https://business.inquirer.net/456411/asian-markets-mixed-as-strong-us-tech-earnings-offset-poor-data
CARACAS, Venezuela — Corruption in Venezuela’s oil industry is a many-headed monster that has devoured billions of dollars in taxpayers’ money in the past 20 years, experts say. Long the co...
https://business.inquirer.net/456360/oil-mother-of-corruption-in-venezuela
SAN FRANCISCO, United States — Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the...
https://business.inquirer.net/456362/microsoft-expands-its-ai-empire-abroad
BEIJING, China — TikTok parent ByteDance has said it has no intention of selling it, after the US Congress passed a law forcing it to sell the hugely popular video platform or get banned in the...
https://business.inquirer.net/456356/bytedance-says-no-plans-to-sell-tiktok-after-us-ban-law
TOKYO, Japan — The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signaling another hike, pushing the yen to a fresh 34-year low against the dollar. Offic...
https://business.inquirer.net/456405/yen-falls-further-as-bank-of-japan-stands-pat-on-rates
MANILA, Philippines — The Bangko Sentral ng Pilipinas said it is ready to manage any “excessive” weakness of the peso, which has fallen to 17-month lows. In a statement, BSP Governor Eli Re...
https://business.inquirer.net/456402/bsp-says-ready-to-stem-peso-volatility
MANILA, Philippines — Senator Raffy Tulfo has formally sought a Senate investigation of what he said was “alarming” power supply issues that led to electricity rates doubling during red and...
MANILA, Philippines — Grid operator National Grid Corp. of the Philippines (NGCP) hoisted a yellow alert in Luzon and Visayas due to a thin power supply caused by the unavailability of many pow...
https://business.inquirer.net/456348/luzon-visayas-on-yellow-alert-on-april-26
TOKYO, Japan — The weak yen is putting pressure on the Bank of Japan to tighten monetary policy, analysts say, although it is not expected to hike its main interest rate when it wraps up a two-...
https://business.inquirer.net/456346/weak-yen-pressures-bank-of-japan-interest-rate-decision
MANILA, Philippines — Pangilinan-led PXP Energy Corp. trimmed its net loss to P2.6 billion in the three months ending March this year as it recorded higher output and sales despite lower prices...
https://business.inquirer.net/456279/pxp-net-loss-down-to-p2-6b-on-better-output-sales
MANILA, Philippines — Megaworld Corp. of billionaire Andrew Tan will build a P1.2-billion museum within one of its township projects in Cebu province to promote the country’s history and prov...
https://business.inquirer.net/456274/megaworld-to-set-up-p1-2-b-museum-in-cebu-province
MANILA, Philippines — While the office market remains “challenged” due to high vacancy rates, AREIT Inc., the real estate investment trust arm of Zobel family-led Ayala Land Inc., said they...
https://business.inquirer.net/456281/areit-expects-office-occupancy-rate-to-remain-strong
ISTANBUL — Turkey’s central bank held its key interest rate steady on Thursday but warned it could hike it again as the country’s soaring inflation remains a headache for President Recep Ta...
https://business.inquirer.net/456325/turkey-central-bank-holds-key-interest-rate-steady
WASHINGTON, United States — The ongoing tensions in the Middle East threaten to halt — or even reverse — some of the recent progress made in tackling global inflation, the World Bank said T...
PARIS, France — European aviation giant Airbus posted a 28 percent increase in first-quarter profit Thursday through rising deliveries and production, a day after arch-rival Boeing reported a l...
https://business.inquirer.net/456335/airbus-net-profit-soared-28-in-first-quarter
SAN FRANCISCO, United States — Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to sh...
https://business.inquirer.net/456333/microsoft-google-earnings-shine-as-ai-drives-revenue
NEW YORK, United States — Wall Street stocks retreated Thursday following disappointing US economic data, as Facebook parent Meta and other large companies tumbled after earnings. The US econom...
https://business.inquirer.net/456330/us-stocks-hit-by-gdp-data-meta-results
MANILA, Philippines — It is becoming more likely that the Bangko Sentral ng Pilipinas (BSP) will delay its rate cuts as inflation remains stubbornly high, HSBC Research said, adding that furthe...
https://business.inquirer.net/456254/hsbc-bets-on-late-bsp-rate-cut
According to statistics found online, the Philippines has 154,700 condominium units as of 2023. This number is expected to reach 200,000 units by the end of 2025. Based on this estimate, we can e...
https://business.inquirer.net/456231/buying-a-residential-condominium-unit-on-installment