Business

IMF defends negative interest rates despite risks

WASHINGTON, United States (AFP) -- The IMF on Sunday defended negative interest rates set by central banks, given "significant risks" of…

Volvo says it plans to test self-driving cars in China using local drivers

BEIJING, China (Reuters) - Volvo aims to launch an experiment involving self-driving cars in China in which up to 100…

Pacific Sunwear files for Chapter 11 bankruptcy

Reuters - Kendall and Kylie Jenner apparently not enough to save Pacific Sunwear. The struggling teen apparel retailer, which sells…

Filipina businesswomen join “50 Most Powerful Women in Asia”

MANILA, Philippines - Joining the ranks of Forbes' "50 Most Powerful Women in Asia" are two Filipina businesswomen- Teresita Sy-Coson…

US teen latest victim in exploding Takata airbag deaths

  WASHINGTON, United States (AFP) -- Honda has confirmed another death involving a Takata airbag, bringing the global total to 11…

Panama scandal claims scalp of Austrian bank chief

VIENNA, Austria (AFP) -- The head of a Austrian regional bank became on Thursday the latest casualty of the Panama Papers…

Power bills up by 22 centavos per KWH due to general charge hike, updated fit

MERALCO has announced that power bills will increase by 22 centavos per kilowatt-hour this month --- the price adjustment was…

Asia stocks at three-week lows as China worries grow; oil up

HONG KONG | BY SAIKAT CHATTERJEE (Reuters) -- Asian stocks held near three-week lows on Wednesday as concerns about the…

‘Panama Papers’ revelations trigger global probes

  by David Williams PARIS, France (AFP) --  Several countries launched tax evasion probes Monday after a massive leak of…

Panama alarmed as leak threatens vital finance sector

  By Juan José Rodríguez PANAMA City, Panama (AFP) --  Alarm spread through Panama on Monday as concerns rose that…

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