HSBC Holdings PLC said on Tuesday (February 18) it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul...
MANILA, Philippines – The Department of Finance (DOF) on Monday expressed confidence that the country’s pace of economic growth will “dramatically increase” this year despite the challenges that arose at...
Wang Chuanchao was looking forward to serving customers in his restaurant during the Lunar New Year holiday, stockpiling 300,000 yuan ($42,965.17) worth of goods from celery to ox tripe. But...
MANILA, Philippines – Senate President Pro-Tempore Ralph Recto on Tuesday said he has filed a bill seeking to impose a 30 percent income tax and five percent franchise tax on...
MANILA, Philippines – The Department of Finance (DOF) has expressed confidence that the challenges posed by the global spread of the novel coronavirus (2019-nCoV), the eruption of Taal Volcano and...
Asian shares erased earlier gains on Wednesday, swinging into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled fears about economic impact...
Beijing – A European business lobby in China on Thursday said Beijing’s promise to buy $200-billion worth of products from the United States in two years as part of the...
Beijing – China’s international trade growth slowed to 3.4 percent in 2019, affected by the trade war with the United States, a country with which exchanges decreased 10.7 percent, according...
Beijing – The renminbi (the official name of the Chinese currency, commonly known as ‘yuan’) rose by 6.8954 units per dollar or 0.45 percent – its highest level since August...
Singapore – Bond credit rating agency Moody’s said Thursday it had a “negative” outlook of Asia Pacific’s 2020 sovereign credit quality due to stalled growth caused by the trade war...
