economy

Wealth inequality a threat to East Asia, Pacific: World Bank

  By Agence France Presse A rapidly growing gap between rich and poor in many developing East Asian nations is…

US Senate passes tax rewrite, in major win for Trump

by Michael Mathes © Agence France-Presse WASHINGTON, United States (AFP) -- US Senate Republicans narrowly passed landmark tax reform early Saturday, a critical…

ICOs: the lawless land of cryptocurrency fundraising

  By Daphne Rousseau Agence France Presse BERLIN, Germany (AFP) -- From raising $30 million in 30 seconds to being…

Singapore growth beats forecasts as global trade improves

SINGAPORE, Singapore (AFP) -- Singapore's economy beat expectations to grow at its fastest pace in nearly four years during the…

Yearly wages reaching Php250K should be exempted from income tax starting January 2018, proposes Senator Recto

MANILA, Philippines (Eagle News) -- Senator Ralph Recto proposed that starting January 2018, those who have a yearly wage of…

China, Myanmar vow to further promote bilateral ties

NAY PYI TAW, Myanmar (Reuters) -- President U Htin Kyaw of Myanmar met with Chinese foreign minister Wang Yi on…

Japan’s economy grew 0.3% in third quarter

TOKYO, Japan (AFP) -- Japan notched up its seventh straight quarter of economic growth, official data showed on Wednesday, although the…

Maduro says Venezuela will ‘never’ default on its massive debt

CARACAS, Venezuela (AFP) -- Venezuelan President Nicolas Maduro insisted on Sunday that his cash-strapped country would "never" default, as he…

Thousands protest austerity measures in Brazil

SAO PAULO, Brazil (AFP) -- Several thousand Brazilians demonstrated on Friday as part of a day of national mobilization against government austerity…

Saudi Aramco signs energy deals worth nearly $4.5 billion

RIYADH, Saudi Arabia (AFP) -- Saudi Aramco on Thursday signed agreements worth nearly $4.5 billion with multinational oil and gas…

Australian market hits 6,000 for first time since 2008 crisis

SYDNEY, Australia (AFP) -- Australia's sharemarket Tuesday broke above 6,000 points for the first time since the global financial crisis,…

Jerome Powell, Trump’s multi-millionaire pick for Fed chief

WASHINGTON, United States (AFP) -- Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to replace Janet Yellen…

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