Gold price surges to new record as tensions mount over US Fed chief’s fate
Gold surged to a record high of $4,610.83 per ounce on Monday, gaining about 2.2 percent as investors rushed to…
$1.5-trilion US defense spending pushes defense stock prices
Global defense stocks rose on Thursday after US President Donald Trump called for a $1.5 trillion defense budget for 2027…
BSP not keen on defending peso versus dollar
As a service-driven economy, the Philippines has room to let the peso move freely even as the US dollar gets…
UOBAM to launch dividend-driven ETF for Southeast Asia
UOB Asset Management Ltd (UOBAM) is set to launch the UOBAM Ping An FTSE ASEAN Dividend Index ETF on Jan.…
Japan considers intervention to tame yen-dollar exchange rate
Japanese authorities may step in to intervene in the yen–US dollar exchange rate as the currency continues to suffer sharp…
Silver prices retreat after recording new records
Silver, after climbing to a record high of $84 per ounce on Monday, posted its sharpest one-day drop since February…
Gold prices exceed $4,400 per ounce
Supported by economic data pointing to additional interest rate cuts by the US Federal Reserve in the world’s largest economy,…
China holdings of US treasuries down to lowest level in 17 years
China reduced its holdings of US Treasuries in October to their lowest level in 17 years, the South China Morning…
PH economy seen growing 4.6% in fourth quarter
Domestic growth is projected to accelerate to 4.6 percent in the final quarter of 2025, fueled by easing inflation and…
Maharlika Investment to acquire stake in ATI; Port firm set to delist from PSE
The government-owned Maharlika Investment Corporation (MIC) plans to acquire up to an 11.2-percent stake in listed Asian Terminals Inc. (ATI)…