US stocks rise as traders weigh US inflation, Trump tariffs

NEW YORK, United States — Stocks climbed Friday as investors digested a new tariffs blitz by US President Donald Trump and data showing a key US inflation metric rose in line with expectations. Wall Street pushed higher after slumping for three straight sessions. There was relief about inflation data offsetting the tariff developments. There were also

Philippine firms turn more pessimistic in Q3

MANILA, Philippines — Businesses in the Philippines grew less confident in the third quarter, held back by the seasonal lull during the “ghost month” and the drag from US tariff headwinds, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. Consumers, however, turned slightly more optimistic, buoyed by expectations of rising incomes and improving job

Maynilad postpones IPO again to Nov. 7

MANILA, Philippines — Maynilad Water Services Inc. delayed its initial public offering (IPO) a second time, this time aiming to list by Nov. 7 to give investors time to better understand its business. READ: Maynilad wins cornerstone investor support In a disclosure to the Philippine Dealing and Exchange Corp. on Thursday, the concessionaire said it

SEC lifts Jia Financing suspension

MANILA, Philippines — The Securities and Exchange Commission (SEC) has lifted its temporary suspension order on Jia Financing Inc., allowing the company to resume operations. In a statement sent to the Inquirer on Friday, Jia Financing said it was focused on small and medium enterprise (SME) financing, clarifying that it was not an unauthorized online

PAL lines up nonstop Cebu-Guam flights for December

MANILA, Philippines — Flag carrier Philippine Airlines (PAL) is boosting its Visayas network with the launch of nonstop flights between Cebu and Guam beginning Dec. 16. In a statement Friday, the air carrier said the new routes using its Airbus A321ceo aircraft would run thrice weekly. READ: PAL A321ceo retrofit takes off Introducing this new