China’s oil refiners are keeping to the sidelines of global crude markets, as geopolitical developments roil prices and weaker domestic demand eats into their profitability.
The Professor Who Predicted Trump’s Return and War With Iran
A 2024 lecture by historian Jiang Xueqin is gaining attention as U.S.-Iran tensions rise. He warned a second Trump term could lead to war, pushed by Israel.
Fragile cease-fire appears to hold between Israel and Iran. Trump vents frustration with both sides.
A tentative truce faltered Tuesday when Israel accused Iran of launching missiles into its airspace after the cease-fire was supposed to take effect and vowed to retaliate.
Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire
In stock markets abroad, indexes rallied more than 1% everywhere from France to Germany to Japan following the announcement of the Israel-Iran ceasefire. Hong Kong’s jump of 2.1% and South Korea’s ...
How AI Is Transforming Corporate Finance Departments
Markets stay quiet during Iran escalation; interest rates hold steady, but spending drops; why companies are investing in crypto.
SM’s PGCP adopts nature-related financial disclosure framework
SM Investments Corp. subsidiary Philippine Geothermal Production Co. Inc. (PGPC) has become the first Philippine company in the energy sector to adopt the Task force on Nature-related Financial ...
Trailblazers in banking and fintech industries
THE Bangko Sentral ng Pilipinas (BSP) has crafted the guidelines for the adoption of the digital financial marketplace model. This will create an open and secure digital environment where financial ...
BSP exec cites need for collaborative efforts vs. financial fraud
A central bank official on Tuesday said financial fraud, especially in the digital age, is not solely the Bangko Sentral ng Pilipinas’ (BSP) task to solve but a shared responsibility among ...
No financial liability for banks in contract-based imports: Bangladesh Bank
The Bangladesh Bank has clarified that commercial banks will not bear any financial liability in the case of contract-based imports, in a move aimed at streamlining import procedures and encouraging ...
No financial liability for banks on imports under sales contracts: BB
In the circular, the central bank stated that banks are not exposed to any financial liability for import payments under sales contracts. They are only required to follow procedural steps to process ...