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Race for global economic dominance sees striking turn of fortunes - ex-IMF official

The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday.    The American economy defied forecasts in outperfo.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

Xinhua world economic news summary at 0830 GMT, Jan. 18

DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»

Category: newsSource:  manilanewsRelated NewsJan 18th, 2024

Philippines to achieve upper middle-income status by 2031

The Philippines is projected to be an upper middle-income economy by 2031, past the government’s target of reaching the status by 2025, amid a broader growth slowdown in the Association of Southeast Asian Nations (ASEAN) economy, ANZ Research said......»»

Category: financeSource:  philstarRelated NewsMar 2nd, 2024

Economy grew by 5.6% in 2023

The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Brenda Mage ipinangalan sa mga dating dyowa ang pet dogs: Meet my exes!

SINO sa inyo ang hirap na hirap magbigay ng pangalan tuwing magkakaroon ng bagong fur babies? Good vibes ang hatid ng latest YouTube vlog ng komedyante na si Brenda Mage na ipinangalan sa kanyang mga dating dyowa ang bagong puppies matapos manganak ang pet dog niyang mixed breed. “I would like you to meet my.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2024

Dela Rosa considers war with China but admits: ‘Hindi naman natin kaya’

MANILA, Philippines — Senator Ronald “Bato” Dela Rosa is already fed up with China’s persistent harassments in the West Philippine Sea, prompting thoughts of engaging in war with Beijing. But he knows, war is not an option. “Naubos na ang sasabihin ko dapat dyan. Short of declaring war na tayo dyan against sa kanila e,.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Dovish Powell lifts markets to historic highs

Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2024

Market slips ahead of US Fed meeting

Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

Stocks retreat on hawkish Fed, BSP rate signals

Stock investors were turned off yesterday by policy signals from monetary authorities here and abroad, dragging the local market to a third straight day of decline......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Dollar strength, Asian challenges

Recent robust US economic data (nonfarm payrolls, January CPI figures) have dashed hopes for a March rate cut by the Fed......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Slower US Inflation Spurs Fed Rate-Cut Optimism

Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 11th, 2024

Philippines to take cue from Fed policy

Ahead of the policy meeting next week, the Bangko Sentral ng Pilipinas is likely to follow the steps of the US Federal Reserve as to when high borrowing costs can finally take a breather......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

May, not March

Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

PSEi tumbles as Fed quashes rate cut hopes

Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Quick look at the week ahead

We don’t have any big scheduled news or events coming directly from the PSE or any of its companies this week, but we do have the US Federal Reserve (the “Fed”) decision on US interest rates that we will learn about on Thursday morning......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

BSP rate cuts seen in lockstep with US Fed

The Bangko Sentral ng Pilipinas is expected to move in lockstep with the US Federal Reserve as it pivots to an easing cycle after emerging as the most aggressive central bank in the region......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Daluz camp ‘willing’ to meet with OIC GM

Daluz camp ‘willing’ to meet with OIC GM.....»»

Category: newsSource:  sunstarRelated NewsApr 24th, 2024

President Marcos, Qatar emir meet today to tackle bilateral ties

President Marcos and Qatari Emir Tamim bin Hamad Al Thani will meet today at Malacañang to talk about bilateral and regional issues......»»

Category: newsSource:  philstarRelated NewsApr 22nd, 2024

‘Marry My Husband’ star Park Min Young to meet Pinoy fans for the first time

Pinoy K-drama fans are in for a treat as “Marry My Husband” and “What’s Wrong With Secretary Kim” star Park Min Young is holding her first-ever fan meet in Manila......»»

Category: entertainmentSource:  philstarRelated NewsApr 18th, 2024

5x NBA Champion Derek Fisher to visit Philippines on April 17 for meet and greet hosted by vivo

On April 27, fans in the Philippines will have the opportunity to meet Fisher, a 5x NBA Champion from the Los Angeles Lakers......»»

Category: sportsSource:  philstarRelated NewsApr 15th, 2024