The Nikkei Stock Average climbed again on October 7th, setting another record high amid growing expectations surrounding the Liberal Democratic Partys new leader, Sanae Takaichi. The benchmark index at one point rose more than 500 yen, marking the second consecutive day it reached an intraday record.
Category: economy
Trump says 25% tariffs on heavy trucks to start Nov 1
WASHINGTON, United States – President Donald Trump said Monday that a steep US tariff on imported heavy trucks would begin on Nov. 1, postponing the date that he initially threatened to impose such duties. “Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at
Data corner: Europe’s top collaborators in Latin America and the Caribbean
Photo credits: STori / BigStock On September 29, at a get-together in Brussels, the European Union and the Community of Latin American and Caribbean States (CELAC).
AMD shares surge 25% on chip supply deal with OpenAI
Advanced Micro Devices (AMD) has signed a multi-year deal to supply artificial intelligence (AI) chips to OpenAI.
T-bill rates up ahead of inflation data, BSP meet
MANILA, Philippines – Yields on short-dated government debts went up during Monday’s sale of Treasury bills (T-bills) as investors await the inflation data and the central bank’s next policy decision this week. Auction results showed the Bureau of the Treasury was able to raise its target amount of P22 billion via T-bills. READ: Sept. inflation
China adds 295,000 industrial robots to tackle demographic challenges
China’s manufacturing industry has defied concerns over its shrinking population by adding 295, 000 new industrial robots in 2024.
This start-up offers premium phones on subscription in India
A new subscription-based smartphone service has been launched in India by BytePe, a company founded by former Flipkart executive Jayant Jha.
Banking luminary Xavier ‘XP’ Loinaz; 82
When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due
Palestinian official ‘reveals’ Cairo discussions about post-war cooperation
Multiple Palestinian factions, including Hamas and the Palestinian Liberation Organization, recently met in Egypt to discuss cooperation.
Maynilad secures UK support for IPO
MANILA, Philippines – Maynilad Water Services Inc. has secured the support of the United Kingdom for its upcoming stock market debut, signaling strong demand for what would be the country’s largest—and last—initial public offering (IPO) this year. In its preliminary prospectus dated Oct. 3, Maynilad said it now had a cornerstone investment agreement with the