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Teneo is acquiring two more international firms in M&A push

Communications and consulting firm Teneo has struck deals for acquisitions in the Nordic region and New Zealand, its first M&A push after an investment from a Liechtenstein-backed fund last year.

2026-01-12T21:32:00Z

US-Venezuela tension won’t affect PH oil price — DOE

The tension between the United States and Venezuela won’t affect the prices of oil in the Philippines, the Department of Energy (DOE) said on Tuesday. DOE Oil Industry Management Bureau director Rino Abad explained that the Latin American country’s oil exportation is only less than 1% of the global supply. Hence, the current crisis won’t affect the global oil supply. “Matagal na hong nasa-sanction ang Venezuela pero ang ine-export nila, around...

2026-01-06T10:02:59Z

Jollibee group eyes US exchange listing for new global business arm

Homegrown fast food giant Jollibee Foods Corp. (JFC) on Tuesday announced plans to create a standalone international business, Jollibee Foods Corporation International (JFCI), which it intends to list on a US securities exchange by 2027. According to JFC, the international company will include all operations and businesses outside the Philippines. It ended September 2025 with 6,859 stores abroad. “As a proudly homegrown Philippine company, we...

2026-01-06T15:03:00Z

Shake Shack’s weak sales set the stage for challenging 2026

Shake Shack Inc. shares slipped after the burger chain reported preliminary fourth-quarter sales below Wall Street estimates, another sign of struggles in the fast-casual restaurant sector.

2026-01-12T13:01:37Z

Medline jumps as analysts bullish after 2025’s top IPO

Medline Inc. shares advanced Monday as Wall Street analysts struck a bullish tone on the medical supplier’s business model and growth prospects following its $7.2 billion IPO last month.

2026-01-12T20:46:45Z

Citadel, Point72 alumni get $200 million in Squarepoint backing

Squarepoint Capital is backing a hedge fund launch led by Point72 Asset Management’s former Japan head Tomohiro Yamaguchi and ex-Citadel money manager Takeo Serizawa.

2026-01-12T14:46:34Z

Bringing charges against the Fed: What we do (and don't) know

WASHINGTON (AP) — President Donald Trump has dramatically escalated his confrontation with the Federal Reserve, his Justice Department investigating and threatening a criminal indictment of the independent central bank and serving it with subpoenas. The dispute is ostensibly about Fed Chair Jerome Powell’s testimony to Congress in June over the cos...

2026-01-12T19:09:57Z

Venezuela bond rally sputters as Trump locks away oil money

Venezuela bonds slipped after President Donald Trump moved to block creditors from accessing oil revenue, raising doubts about the size of a payout in any eventual debt restructuring.

2026-01-12T17:41:03Z

Coinbase ups pressure as crypto bill moves to Senate markup

Coinbase Global Inc. is escalating pressure on US lawmakers to preserve its ability to offer rewards to customers who hold stablecoins — an offering the company sees at risk if certain restrictions under discussion make it into a major crypto bill set to be unveiled Monday.

2026-01-11T20:11:41Z

Moderna chair says US assault on science is just beginning

Moderna Inc.’s chairman says the Trump administration’s vaccine policy changes are part of a broader attack on science that may have only just begun.

2026-01-12T12:57:13Z

Map shows Venezuela’s critical minerals that US needs

Beyond oil, Venezuela’s minerals could offer new opportunities for the U.S., though rare earth potential is uncertain.

2026-01-12T12:53:15Z

Map shows where house prices expected to rise across US

Markets in the Northeast are expected to see the biggest home price increases this year, according to experts.

2026-01-11T17:33:20Z

Why the Federal Reserve has historically been independent of the White House

WASHINGTON (AP) — The Justice Department has threatened the Federal Reserve with a criminal indictment over the testimony of Fed Chair Jerome Powell this summer regarding its building renovations, Powell said over the weekend. It is a major escalation by the administration after repeated attempts by President Donald Trump to exert greater control o...

2026-01-12T16:41:53Z

Philippine stocks, peso end 2025 lower amid thin trading

Philippine markets wrapped up the year lower to post year-to-date declines in both equities and foreign exchange, as light participation signaled generally limited risk appetite. The PSEi lost 12.72 points or 0.21% to 6,052.92 at the closing bell, bringing the local stock barometer down 7.28% or 475.87 points down year-to-date from 6,528.79 on December 27, 2024, the last trading day of the past year. The broader All Shares index gained 8.58...

2025-12-29T12:02:59Z

Philippines closes 2025 with 1.7% inflation rate

The Philippines ended 2025 with a year-to-date average inflation settling well within the government’s target, the Philippine Statistics Authority (PSA) reported on Tuesday. At a press conference, National Statistician and PSA chief Claire Dennis Mapa said the overall inflation —which measures the rate of increase in the prices of goods and services— clocked in at 1.8% in December 2025 This was faster than the 1.5% rate posted in November 2025....

2026-01-06T03:02:58Z

Philippines' foreign reserves hit $110.9B in 2025

The Philippines closed 2025 with a foreign liquidity buffer of over $100 billion, still near the record high last seen in September 2024, data released by the Bangko Sentral ng Pilipinas (BSP) showed. The country’s gross international reserves (GIR)—a measure of the ability to settle import payments and settle foreign debt—stood at $110.872 billion as of end-December 2025, lower than the $111.253 billion as of end-November 2025. “The monthly...

2026-01-08T09:03:01Z

Philippine stocks rise, peso weakens in first trading day of 2026

Philippine stocks climbed on Friday, the first trading of the year, as broad-based gains lifted the benchmark index, while the peso weakened as support from seasonal remittances during the holiday season faded. The local stock barometer, the Philippine Stock Exchange index (PSEi) gained 82.14 points or 1.36% to 6,135.06 at the closing bell. The broader All Shares index grew by 43.81 points or 1.26% to 3,517.05. "The PSEi moved higher in the...

2026-01-02T11:03:01Z

Vanderbilt’s West Palm Beach campus moves forward with backing from billionaire Ross

Vanderbilt University is moving forward with a new campus in West Palm Beach for about 1,000 students, after raising enough of its initial $300 million fundraising goal, according to Chancellor Daniel Diermeier.

2026-01-12T14:07:10Z

Walmart and Google partner up for new shopping experience

A new service will allow Walmart shoppers to use Gemini to discover products and receive personalized recommendations.

2026-01-12T15:03:42Z

Trump-linked World Liberty opens $3.4 billion token for loan bet

World Liberty Financial, the Miami-based crypto startup which says President Donald Trump is “co-founder emeritus,” is launching a new product aimed at expanding usage of its stablecoin.

2026-01-12T14:41:05Z

Pimco, PGIM see risk Trump’s Fed fight will drive up rates

At big bond firms like Pacific Investment Management Co., PGIM and DWS Group, money managers warn that President Donald Trump’s assault on the Federal Reserve’s independence is at odds with his goal of pulling down interest rates.

2026-01-12T19:11:03Z

US stocks at records despite early losses on Fed independence angst

Wall Street stocks finished at new records Monday, shrugging off worries about a US criminal probe of the Federal Reserve that initially weighed on equities. The Nasdaq also bounced back from early losses after Sunday night's disclosure of the US Department of Justice probe into the Federal Reserve dented stocks in the early going, while lifting gold and silver prices to new all-time highs.

2026-01-12T03:15:51Z

Donald Trump issues new Supreme Court warning as tariff decision looms

Trump warns markets could face chaos if the Supreme Court overturns his tariff authority and forces the U.S. to repay billions.

2026-01-12T20:18:09Z

2026 budget meets UNESCO benchmark on education for first time - Balisacan

The Philippine government’s budget for this year is a strategic roadmap for the country’s economic recovery with the country meeting the United Nations Educational, Scientific and Cultural (UNESCO) benchmark on education for the first time, a top official said Monday. According to Department of Economy, Planning, and Development (DepDev) Secretary Arsenio Balisacan, the newly signed 2026 General Appropriations Act (GAA) remains fully capable of...

2026-01-05T13:02:59Z

Business groups welcome Marcos veto of P92.5-B in unprogrammed appropriations

The country’s most influential business organizations welcomed President Ferdinand Marcos “Bongbong” Marcos Jr.’s veto of P92.5 billion worth of line items under the unprogrammed appropriations in the P6.793-trillion 2026 General Appropriations Act (GAA). In a statement on Tuesday, Philippine Chamber of Commerce and Industry (PCCI) president Ferdinand “Perry” Ferrer said he welcomes “Marcos’ move to veto approximately P92.5 billion unprogrammed...

2026-01-06T11:02:59Z

Chicago mayor losing grip on city as rivals build war chest

He failed on his campaign promises to tax the rich. Then city council members passed a budget without his blessing. Now his opponents are building a war chest that could be used to unseat him next year.

2026-01-11T15:41:24Z

Trump DOJ's move against Jerome Powell hits stock market

Powell said in a video on Sunday that DOJ grand jury subpoenas had been served to the Fed.

2026-01-12T15:33:04Z

FFCCCII bats for reforms, inclusive growth for Philippines in 2026

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) said the Philippines needed reforms and inclusive growth for its economy to improve in 2026. In a statement on Friday, FFCCCII President Victor Lim said that the 2026 economy called for a “disciplined, coordinated, and reform-driven action across government, business, and civil society.” “While the country retains fundamental strengths—demographic vitality,...

2026-01-02T13:03:03Z

Trump administration close to finalizing Taiwan trade pact

The Trump administration is closing in on a tariff agreement with Taiwan, according to a person familiar with the matter, a move toward improving trade terms with a key Asian partner.

2026-01-12T18:47:08Z

DOF Sec. Frederick Go takes oath as Monetary Board member

Finance Secretary Frederick Go has officially taken his oath of office as the Cabinet representative to the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), ahead of its scheduled meeting next month. Go took his oath at the BSP Head Office in Manila on Thursday, January 8, 2026, as administered by BSP governor and Monetary Board chairman Eli Remolona Jr., taking over the post previously held by former Finance...

2026-01-08T06:02:58Z

Meta hires Trump ally Powell McCormick to drive AI buildout

Meta Platforms Inc. has appointed a former top adviser to US President Donald Trump to a newly created senior management role focused on partnering with governments and investors on AI.

2026-01-12T14:17:06Z

Abivax pares gains as speculation over a takeover whipsaws

Abivax SA’s shares pared gains after France’s finance ministry said it has not been contacted by Eli Lilly & Co. about a possible bid for the French biotech.

2026-01-12T09:11:34Z

Google teams up with Walmart and other retailers to enable shopping within Gemini AI chatbot

NEW YORK (AP) — Google said Sunday that it is expanding the shopping features in its AI chatbot by teaming up with Walmart, Shopify, Wayfair and other big retailers to turn the Gemini app into a virtual merchant as well as an assistant. An instant checkout function will allow customers to make purchases from some businesses and through a range of p...

2026-01-11T16:04:53Z

P1.015-trillion DepEd budget for 2026: Where the money goes

The Department of Education (DepEd) has been granted a P1.015-trillion budget for 2026, the largest allocation in its history. It marks the first time that the Philippines has met UNESCO's benchmark that a country must allocate at least 4% of its GDP to education, and carries the government's stated aim to strengthen basic education by addressing long-standing gaps in classrooms, nutrition, learning materials, digital access, and teacher...

2026-01-08T18:03:00Z

Disney World makes big changes to meal plan

Disney cut 35 restaurants from its Dining Plan, sparking backlash that led to 20 being reinstated in early January.

2026-01-11T14:43:40Z

Energy deals to lead PH M&A growth in 2026, PwC says

Mergers and acquisitions (M&A) in the Philippines are expected to grow this year, primarily in energy and grid-adjacent assets, following the decline in 2025 when investors were strategically selective, a report released by Isla Lipana & Co. (PwC Philippines) on Friday revealed. According to PwC Philippines’ Year-End M&A Report 2025, there were 74 M&A deals in the Philippines as of December 4, 2025, equivalent to a total deal value of $4.6...

2026-01-09T06:02:59Z

Cargo hauler STG Logistics files bankruptcy following debt deal litigation

Cargo hauler STG Logistics filed for bankruptcy on Monday, following a contentious debt deal that sparked litigation by disgruntled creditors.

2026-01-12T17:32:03Z

QXO boosts financing deal to $3 billion to pursue M&A

QXO Inc. is raising another $1.8 billion from investors including Apollo Global Management Inc. and Temasek Holdings Pte, comfortably more than doubling the $1.2 billion financing deal it announced last week.

2026-01-12T12:46:36Z

Paramount's next target in hostile takeover bid of Warner Bros. is a board of its own making

NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how...

2026-01-12T15:01:30Z

Allegiant Air to acquire Sun Country Airlines in $1.5B deal

LAS VEGAS (AP) — Allegiant Air said it will acquire Sun Country Airlines in a cash-and-stock deal valued at about $1.5 billion, including debt, in a move combining two low-cost U.S. carriers focused on leisure travel. Executives at both carriers said their route networks complement each other and that the larger airline would increase affordable tr...

2026-01-12T18:44:54Z

Wall Street ticks toward records after shaking off worries about Trump's and the Fed's feud

NEW YORK (AP) — Wall Street is edging toward records Monday after bouncing back from early losses taken because of worries about the worsening feud between the White House and the Federal Reserve, one that experts warn could lead to higher inflation in the future. The S&P 500 rose 0.2% and added to its all-time high set on Friday. The Dow Jones Ind...

2026-01-12T03:51:58Z

PTB eyes P522M 'tourism sales' in South Korea

The Tourism Promotions Board (TPB) projects P522.29 million in tourism-generated sales following the conclusion of the Philippine Business Mission (PBM) at multiple major cities in South Korea. In a statement, TPB said that the program had seen a total of 792 business meetings between 204 Korean travel agents and corporate buyers and 40 seller companies. The meetings were held with prominent Philippine hotels, resorts, tour operators, management...

2026-01-08T06:02:57Z

Capital One, Amex shares sink on Trump’s credit-card threat

Shares of Capital One Financial Corp., American Express Co. and other US banks sank after President Donald Trump called on credit-card companies to cap interest rates at 10% for a year, a move that could wipe out billions in profits for one of the banking industry’s biggest businesses.

2026-01-12T10:11:09Z

Map shows 5 cities with biggest home inventory pile-up

Washington, D.C. has seen the biggest year-over-year increase in home inventory in December, as the market faces a slowdown.

2026-01-12T09:53:31Z

PH companies lost P4 trillion to fraud in 2025, TransUnion says

Philippine businesses lost about P4 trillion in revenues over the past year due to fraud, according to a survey conducted by global information and insight company TransUnion. In a news release, TransUnion Philippines chief commercial officer Yogesh Daware, citing the company's H2 2025 Update to the Top Fraud Trends Report, said "fraud is no longer a peripheral risk but a systemic threat to businesses, consumers, and the broader digital...

2025-12-31T06:02:59Z

'Sell America' trade is revived by Trump's latest Fed attack

“Sell America” sentiment rippled through markets on Monday after the Trump administration escalated its attacks on the Federal Reserve, fanning concerns over the central bank’s autonomy in setting interest rates.

2026-01-12T11:11:17Z

PH growth to keep slowing without anti-corruption fixes, ex-BSP official says

Philippine economic growth will likely continue to slow unless the government addresses corruption and governance concerns, a former official of the Bangko Sentral ng Pilipinas (BSP) said Friday. According to GlobalSource Partners analyst and former BSP deputy governor Diwa Guinigundo, the economic slowdown is likely to continue as investor confidence is being hit by the ongoing issues. “Unless the government is able to resolve the issue of...

2026-01-02T08:03:00Z

Philippine manufacturing returns to expansion in December 2025

Philippine factory activity returned to expansion in December 2025 to signal a modest improvement in the sector's health after suffering its sharpest contraction in four years a month earlier, results of a survey released Friday by S&P Global showed. The headline S&P Global Philippines Manufacturing PMI stood at 50.2 in December, above the 50.0 threshold that separates expansion and contraction, reflecting an improvement from the 47.4 recorded...

2026-01-02T04:03:01Z

What Supreme Court has said about firing Federal Reserve Chair

Tensions between the Trump administration and the Federal Reserve have escalated in recent months.

2026-01-12T11:03:07Z

PH debt balloons to P17.65 trillion as of end-November 2025

The Philippines’ sovereign debt has ballooned further to a fresh record-high as of end-November 2025 amid continued borrowing efforts by the government to back its budgetary requirements, according to data released by the Bureau of the Treasury (BTr). Treasury data showed that the national government’s outstanding debt stood at P17.65 trillion, up 0.49% or P85.84 billion from P17.56 trillion level as of end-October 2025. The BTr said the amount...

2026-01-07T10:02:59Z