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Philippine’s Central Banker Isn't Worried About Possibilities Of Its Currency Getting Even Weaker

The Philippines’ good tidings were being heralded by the tumbling of the peso to a fresh 11-year low.   He wasn't worried about either the deficit or the currency's drop — or even his expectation that the peso may fall further, said Nestor Espenilla, governor of the country's central...

A Stealth App Is The Test Material For Facebook For China’s Market

It has been years that Facebook and many of its apps have been blocked in China.   Now by authorizing the release of a new app there that does not carry the Facebook name, the social network is trying a different way into China.   According to a person with knowledge of the...

EU Commissioner Calls For Summit In Connection With Europe's 'Toxic' Eggs Scandal

A call to stop "blaming and shaming" one another over a continental eggs contamination scare was given by Europe's food safety commissioner to countries.   After traces of a moderately toxic pesticide – called fipronil – were found in batches of eggs, tensions between agricultural ministers...

Reuters Poll Predicts It Will Be Two Years That U.S. Economic Expansion Will Last

According to a majority of economists polled by Reuters who forecast growth will not accelerate the way the Trump administration has predicted, the U.S. economic expansion will last at least another two years. It has taken unusually long time for the recovery from the devastating 2007-2009...

IEA Says Non-OPEC Expansion Continues While Oil Market Re-Balancing Is Underway

The latest report from the International Energy Agency says that more time is needed before the shifting fundamentals in the oil industry are felt by markets even though it states that the oil market is re-balancing as demand continues to grow.   By revising up its July forecast from 1.4...

While Worries Linger, Upbeat Mood Among Online Lenders About Turnaround Progress

Even while analysts expressed their concerns with the health of the online lenders' sector, stocks in this sector were sent soaring after LendingClub Corp and OnDeck Capital Inc surprised investors very recently with strong growth forecasts and good quarterly results.   Bbanks pulled back...

Doubts About Clear Path To Profit Is The Concern Of Autonomous Cars Race

A growing concern among the world's top luxury carmakers such as BMW and Daimler that robocars may not live up to the profit expectations that drove an initial investment rush is pushing them to talk about the virtues of having a bigger pool of engineers to develop a self-driving car as they...

As China Cements Its Oil Market Dominance, Global Refiners Brace Themselves

Cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade, China is on pace to overtake the United States as the world's biggest oil importer this year.   Government statistics showed that China imported more crude oil in the first...

Ukraine Cyber Attack To Give More Hits To Corporate Profits

A costly toll was the result on the results of major U.S. and European companies in the latest quarter by the cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices. And experts say that there is more to come.   The...

U.S. Economy Not Being Boosted Much By Fed's Balance Sheet: Kashkari

Minneapolis Fed President Neel Kashkari believes that at trimming the Federal Reserve's $4.5 trillion balance sheet gradually is the right thing to do because according to him, it is not doing a lot to boost the U.S. economy at this time.   "I think the big, big balance sheet isn't doing a...

SEC Warning On Fund Raising Shrugged Off By Digital Currency Start-Ups

Despite a U.S. regulator's decision that their offerings may be subject to tough securities laws, technology companies looking to raise money by issuing digital coins are moving forward with their plans.   While until this week it was unclear how the U.S. Securities and Exchange Commission...

In Booming Cyber Security Job Market, Its Flush Times For Hackers

For an increasing number of hackers and researchers, cyber attack is great for job security even though the surge in far-flung and destructive cyber attacks is not good for national security.   At t the annual Black Hat and Def Con security conferences, which now have a booming side business...
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