Hong Kong’s stock market Wednesday replicated Wall Street’s overnight shift to old-economy stocks from technology stocks – and then some. Big tech stocks in Hong Kong ended the day with losses of 6% …
Turkey’s Erdogan Gives Central Bank Green Light for Policy Shift
President Recep Tayyip Erdogan threw his full support behind the new central bank governor ahead of a key interest rates decision next week. The lira rallied.Erdogan’s comments are critical for …
Kuwait’s Pension Fund Cuts Stocks in Shift to Infrastructure
(Bloomberg) — Kuwait’s $124 billion pension fund is reducing its allocation to stocks in favor of alternatives like infrastructure and private equity, as it seeks to boost returns and cut a massive …
DoF keeping PH ‘in the game’
ABOUT once a month, the Department of Finance (DoF) provides us with a summary of the activities and outcomes of the department and its various attached agencies, a welcome bit of transparency, …
Senate starts dissecting proposed 2021 budget
The Senate has started deliberations on the proposed P4.506-trillion national budget for 2021. Sen. Juan Edgardo “Sonny” Angara, chairman of the Committee on Finance, got the ball rolling by …
Hand recount ordered in Georgia for presidential race
Georgia Secretary of State Brad Raffensperger on Wednesday ordered the state’s counties to recount by hand all votes cast in the presidential race.
Andrew Yang explains how Democrats could win key Georgia runoffs for Senate control
Former presidential candidate Andrew Yang is moving to Georgia to get out the vote for two key Georgia runoff races.
Macon, other midstate locations on Georgia Trust’s ‘Places in Peril’
MACON, Ga. — Every year the Georgia Trust puts out a new list of places all around the state that are at threat of being torn down or replaced. A few of the 2021 list of Places in Peril are right …
The Finance 202: Biden is likely weeks away from filling out his economic team, despite fevered speculation
The name game over who will fill which jobs overseeing Wall Street in the Biden administration has reached full tilt. But it will be a matter of weeks, not days, before the incoming Biden team …
Kuwait’s Pension Fund Cuts Stocks in Shift to Infrastructure
(Bloomberg) — Kuwait’s $124 billion pension fund is reducing its allocation to stocks in favor of alternatives like infrastructure and private equity, as it seeks to boost returns and cut a massive …