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HONG KONG, China — Asian markets mostly rose Monday as investors tried to move on from last week's upheaval fueled by US recession worries, with focus shifting to the release of key inflation and retail data.
WASHINGTON, United States — US inflation remains "uncomfortably" above the Federal Reserve's target despite the progress it has made in recent months, a senior bank official said Saturday.
FEDERAL Reserve policymakers are increasingly confident that inflation is cooling enough to allow interest rate cuts ahead, and they will take their cues on the size and timing of those rate cuts not from stock market turmoil but from economic data.
Good day. Here are the stories for The Manila Times for Saturday, August 10, 2024.
LATEST growth and inflation data have prompted the investment arm of Bank of America (BoFA) to raise its economic forecasts for the Philippines.
HONG KONG, China — Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end.
MANILA, Philippines — Chinese boats were spotted by the Philippine Coast Guard (PCG) while patrolling Sabina Shoal, the agency said on Friday.
MANILA, Philippines (Updated 11:42 a.m.) — The Philippine economy experienced a robust growth of 6.3% in the second quarter of 2024, according to data released by the Philippine Statistics Authority on Thursday.