Business

New tariff: Trump slaps PH exports with new 12.5% tariff

MANILA, Philippines — The United States is imposing an additional 12.5-percent tariff on Philippine exports after President Donald Trump approved penalties on trading partners that Washington said failed to adopt adequate safeguards…

Trump imposes new double-digit tariffs on dozens of countries

With existing 10 percent levies set to expire, Trump issues new tariffs on 60 countries under forced labour provision.

Diesel, gasoline slated for fresh price hikes next week

MANILA, Philippines — Motorists may again face another hefty fuel price hikes of up to P6.50 per liter next week amid growing supply concerns. Jetti Petroleum president Leo Bellas said Friday that diesel may jump by P6 to P6.50 a liter…

PHP/USD: Philippine Peso Falls to Fresh Record Low as Oil Advances

The Philippine peso dropped to a new record low as oil prices climbed, putting pressure on the central bank to step up its defense of the currency.

Macquarie’s First Woman CEO Departs With a $339 Million Stake

Shemara Wikramanayake is stepping down as head of Macquarie Group Ltd. after leading the Australian financial conglomerate to bumper profits and a record high share price. For that she will be richly rewarded, making her one of the…

Modi Seeks to Calm Anger in Rare Video as India Protests Widen

Indian Prime Minister Narendra Modi made a fresh bid to calm mounting anger over examination paper leaks as students prepared nationwide protests on Friday, with demands growing for the education minister to step down.

Why the divorces of China’s A-share firm owners provoke market nerves

China’s A-share market has seen another high-profile divorce case result in a massive asset split, involving the transfer of 6 billion yuan (US$886 million) – the highest this year – and raising concerns over corporate governance stability…

NZ rejects US claims of 'forced labour', as tariffs hiked

"They're looking for any way to put a tariff rate back on," the trade minister said, adding that Trump was "going to do" what he was going to do.

PBOC Adds Most Liquidity to Economy in Five Months to Aid Growth

China’s central bank made its biggest addition of liquidity to the economy in five months via its medium-term lending facility to support growth ahead of its late July Politburo meeting and to accommodate government bond issuance.

Japan's factory activity stays firm as output surges in July, PMI shows

Australia to Spend Another $3.2 Billion to Set Up Aukus Shipyard

Australia intends to plow more funding into a government-run shipyard in preparation for building nuclear-powered submarines, as the nation moves to upgrade its navy and expand domestic shipbuilding capacity.

Yen’s Worst Week Since May Brings It Close to 165 Versus Dollar

The yen is on track for its biggest weekly loss in more than two months, with intervention warnings doing little to deter investors betting on further weakness.