February 24, 2017, 2:48 am
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Market

Fed minutes point to rate hike ‘fairly soon’

WASHINGTON. —Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the minutes of the Fed’s last policy meeting released on Wednesday.

Fed sees more stability risk with low rates

SAN FRANCISCO- San Francisco Federal Reserve Bank President John Williams warned that the global drop in interest rates since the financial crisis is likely to persist and will make it harder for central banks to keep world economies healthy.

CEOs of 16 US firms want border tax

WASHINGTON- Chief executive officers of 16 companies, including Boeing Co Caterpillar Inc and General Electric Co have urged the U.S. Congress to pass a comprehensive tax code rewrite, including a controversial border tax.

Daimler to make Benz in Russia

MOSCOW/FRANKFURT- German automaker Daimler will open a plant near Moscow to make Mercedes-Benz cars, it announced yesterday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago.

Japan casino resort to cost $10B

TOKYO. —A resort hosting casinos in Japan could cost up to $10 billion to build, Las Vegas Sands Corp’s (LVS.N) chief said, as the casino operator looks to win operating rights in what is widely expected to become the world’s second-biggest casino market.
 

Snapchat kicks off IPO roadshow in London

LONDON. —Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow yesterday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.
 

Burger King owner nears deal to buy Popeyes

Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday.
 

Kraft drops $143B bid for Unilever

NEW YORK- U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.

Bank of Singapore to use Dubai as base to attract ME wealth

DUBAI- The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executive told Reuters on Sunday.

Japan biz mood mixed in export-led recovery

TOKYO- Confidence among Japanese manufacturers rose for a sixth straight month in February to a 2-1/2 year high but the service sector’s mood fell for the first time in four months, a Reuters poll showed, underscoring the export-led nature of the economic recovery.
 

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Front Page

Column of the Day

Gina Lopez--Marcopper’s legacy

By DAHLI ASPILLERA | February 24,2017
78 View(s) 0 Comment(s)
‘John Looney, in front of a crowd, swallowed one single forkful of stewed Boac fish. Edible, not contaminated, this Marcopper president flaunted.’

Opinion of the Day

No such thing as ‘limpio’ in a dirty job

By ELLEN TORDESILLAS | February 24, 2017
115 View(s) 0 Comment(s)
‘The Senate will test Lascañas’ credibility… Another lesson: Nothing in this world is erased.’