IMF Trims World Growth Forecasts Anew

The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European...
PSE

PSEi Exceeds 8,000-Point Level

The Philippine Stock Exchange index (PSEi) surpassed the 8,000-point level on Friday, July 15 to post its highest close for the year at 8,030.06,...

Western Areas, Mantra Lead ASX’s Top Gainers

Stocks of Western Areas Ltd (ASX:WSA), one of Australia's top nickel producer, and Mantra Group Ltd (ASX:MTR), an accommodation operator in Australia, New Zealand...
Philippine Stocks

Top 10 Philippine Stocks This Week

Philippine stocks, except for mining and oil, posted gains this week, with the Philippine Stock Exchange Index (PSEi) closing 1.38% higher at 7,514.22 points...
Woori Bank

Korea’s Woori Bank Acquires Philippines’ Wealth Development Bank

South Korea's second-biggest bank by assets, Woori Bank, has announced receiving final approval to take over Philippine-based bank, Wealth Development Bank. In a statement, the...
Seven West Media

Seven West Media Seeks to Acquire Perth Now, The Sunday Times

Seven West Media, an ASX-listed media company and Australia's largest diversified media business, confirmed that it is in negotiations to acquire Perth Now and...
Hotel Lotte Busan

Hotel Lotte’s IPO To Be S. Korea’s Largest

The initial public offering (IPO) of Lotte Group’s hotel unit, Hotel Lotte, is expected to be the largest-ever IPO in South Korea. The retail giant’s...
Cloud Expo Asia Hong Kong

Cloud Expo Asia Opens in Hong Kong

HONG KONG – Cloud Expo Europe/Asia and Data Centre World, the world’s leading industry technology event, opened its doors for the very first time...
Rosatom

Russia’s Rosatom, Cambodia Sign Nuclear Energy Deal

Russia’s Rosatom State Atomic Energy Corporation and National Council for Sustainable Development of the Kingdom of Cambodia signed two documents - Memorandum on Nuclear...
China Economy

China’s Economy Seen To Grow 6.7% in Q2

The State Information Center, an official think-tank affiliated with the National Development and Reform Commission, has predicted China’s economy to grow 6.7 percent in...
Yellow Cab Pizza

Yellow Cab Pizza To Open Stores in M. East

Yellow Cab Pizza is set to open stores in Egypt and Jordan as its owner, Max’s Group, Inc. (MGI), continues to aggressively expand its international...
Southeast Asia

Chinese Investors Eye Southeast Asia As Next Destination

Southeast Asia is now the top investment destination for a number of large Chinese corporations over the next three years, following a record-breaking first quarter...
Microsoft Philippines

Microsoft Philippines Announces Technology Manifesto

CEBU CITY – Microsoft Philippines announced here the “ICT for Shared Prosperity: A Technology Manifesto for the Philippines, 2016 and Beyond”, which identifies national...
Chicago Stock Exchange

China-Led Group Buys Chicago Stock Exchange

A China-led consortium of investors has reportedly acquired the Chicago Stock Exchange (CHX), one of the oldest stock exchanges in the United States, for...
Singapore Airlines

Singapore Airlines Now Owns More Than 90% of Tiger Airways

Singapore’s flagship carrier, Singapore Airlines (SIA), has announced that it will take steps to delist Singapore-headquartered budget airline Tiger Airways as SIA now holds...
Jollibee

Jollibee Says Final Purchase Price for Smashburger Acquisition Hits USD100.251M

Further to its October 13, 2015 and October 27, 2015 disclosures, Jollibee Foods Corporation (“JFC”) disclosed today that, in accordance with the post-closing adjustment...
Philippine Stock Exchange

Philippine Stock Exchange is Southeast Asia’s Best Stock Exchange in 2015

The Philippine Stock Exchange, Inc. (PSE) was named the Best Stock Exchange in Southeast Asia for 2015 in the Marquee Awards of the 9th...
BPO Philippines

Philippine Outsourcing Industry Revenue Seen To Hit US$21bn

MANILA, PHILIPPINES - The business process outsourcing (BPO) industry in the Philippines continues to grow at a rapid pace, with experts forecasting the industry...

Alibaba Acquires South China Morning Post, To Take Down Paywall

Chinese Internet giant Alibaba Group agreed to buy the media assets of the South China Morning Post (SCMP) Group, including its English language newspaper...

GPIF, World’s Biggest Pension Fund, Loses USD64 Billion

Japan's Government Pension Investment Fund (GPIF), the world's biggest pension fund, just lost USD64 billion in the last quarter, its worst in comparable data...