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AP survey: China slowdown to bruise global economy

In this Oct. 21, 2014 file photo, a worker dressed an emperor costume to attract customers as he stands outside a shop selling souvenirs at the Wangfujing shopping district in Beijing, China. An Associated Press survey of 30 economists has found that 57 percent of them expect China’s decelerating economy to restrain growth in countries from Brazil and Chile to Australia and South Korea. A notable exception is the United States, which the economists see as largely insulated from China’s troubles. (AP Photo/Andy Wong, File)

China’s roaring economy for years has pulled much of the rest of the world with it, soaking up oil, iron ore and other commodities from developing countries and autos and luxury goods from Europe.

Posted: November 3rd, 2014 in Latest Business Stories | Read More »

PH urged to guard against price bubbles

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The global economy is now poised to recover from a crippling crisis that started in 2008, with the Philippines and other developing countries driving expansion, according to a report from the World Bank.

Posted: June 13th, 2013 in Headlines | Read More »

‘Major PH banks can withstand loan defaults, other shocks’—BSP

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

The country’s big banks can withstand shocks, such as a rise in loan defaults, should global economic problems spill over to the Philippines, as the level of their capital continues to exceed domestic regulatory requirements and international standards.

Posted: May 1st, 2013 in Latest Business Stories | Read More »

Peso rises on news of rising global demand, SoKor growth

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AFP FILE PHOTO

The peso inched up on Thursday amid indicators global demand could be picking up, such as favorable growth of South Korea in the first quarter and manageable uptick in oil prices.

Posted: April 25th, 2013 in Latest Business Stories | Read More »

Peso gains on news of more home sales, higher corporate earnings in US

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AFP FILE PHOTO

The peso inched up on Wednesday as reports of an increase in sales of residential properties and corporate earnings in the United States boosted sentiment of investors on the global economy.

Posted: April 24th, 2013 in Latest Business Stories | Read More »

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