Posted at 02:26h
in
News
by KMFSLLP
The World Bank said on Friday it
slightly cut its gross domestic product (GDP) growth forecast
for the Philippines as persistently high inflation eats into
consumer spending.
...
Posted at 01:30h
in
News
by KMFSLLP
Australian shares edged down on Friday to
yet another two-year low, snapping back from brief opening
gains, as global equities extended a week-long slide on worries
over a cocktail of negative factors, including cooling global
growth and plunging oil prices.
Posted at 01:03h
in
News
by KMFSLLP
LONDON, Dec 21 (Thomson Reuters Foundation) - As freezing
temperatures grip the Swedish capital, dozens of downtown
billboards have swapped commercial ad content for directions
guiding the homeless to their nearest shelter.
...
Posted at 01:00h
in
News
by KMFSLLP
When the economic storm clouds
are gathering, a U.S. recession is on the horizon, stocks and
long-term bond yields are falling, and the U.S. yield curve is
close to inverting, you'd expect the dollar to strengthen.
Posted at 01:00h
in
News
by KMFSLLP
The two-year rally in industrial
metal prices came to an abrupt end at the start of June.
...
Posted at 00:53h
in
News
by KMFSLLP
Mexico's president said on
Thursday that he plans for the military to build an urban
development in the capital worth up to $1.5 billion, dashing the
chances for private firms to swoop in on one of Mexico City's
last undeveloped swaths of land.
Posted at 00:52h
in
News
by KMFSLLP
China's Foreign Ministry said on
Friday it is resolutely opposed to accusations from the United
States and other allies criticising China for economic
espionage, urging Washington to withdraw its accusations.
...
Posted at 00:35h
in
News
by KMFSLLP
Delivery Hero SE, the world's
biggest online food delivery firm, said it is selling its German
food delivery operations to Netherlands-based Takeaway.com NV
for 930 million euros ($1.07 billion).
...
Posted at 00:09h
in
News
by KMFSLLP
Greg Jensen, co-chief
investment officer of Bridgewater Associates, the largest hedge
fund in the world, is forecasting "significantly weaker,
near-recession-level growth" next year.
...
Posted at 00:06h
in
News
by KMFSLLP
U.S. game software firm Zynga Inc
said on Thursday it would buy a majority stake in
Finland's Small Giant Games, maker of the popular Android game
Empires & Puzzles, for about $700 million, in a move to
strengthen its mobile game portfolio.
