By Tarra Quismundo
Investors in the United States are upbeat about the Philippine economy and have expressed “strong interest” in doing business here, according to the country’s ambassador to the US following the investment roadshow that brought top Filipino businessmen to three US cities last week.
The EU and Japan begin a first round of talks Monday on one of the world’s biggest free trade accords, part of a push to boost growth and get their faltering economies back on track.
China will overtake the United States economically within six years, an official research institute predicts, and go on to become the world’s most important country in three decades more, state media said Wednesday.
By Matthew Daly
President Barack Obama is hailing a last-minute deal that pulled the country back from the “fiscal cliff,” but warned that he “will not compromise” over his insistence that Congress lift the federal debt ceiling.
US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day, analysts and retailers said.
IMF chief Christine Lagarde on Monday called on the United States to “address quickly” the budget mess facing the government, no matter who wins this week’s presidential election.
The dollar was firm in Asian trade Monday ahead of a nail-biter US presidential election and after an upbeat US jobs reports that offered some hope for the world’s biggest economy.
Apple Inc. paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year, a regulatory filing by the company shows.
By Pamela Sampson
Oil prices fell Monday as a gargantuan storm headed to the heavily populated U.S. East Coast.
The dollar strengthened against the euro in Asia Monday on better-than-expected US employment data while Spain’s refusal to request for a bailout weighed on the European currency, analysts said.
Crude was higher in Asia Tuesday after data showed the US manufacturing sector bounced back in September following three months of contraction, analysts said.
Online US daily deals firm Groupon said Monday it had acquired the restaurant reservation company Savored for undisclosed terms.