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National Economic Council Director Kevin Hassett says higher long-term rates can reflect underlying economic strength. Speaking to Mike McKee and Dani Burger on Bloomberg Open Interest, Hassett calls the government’s debt-interest burden unacceptably high but says the administration is serious about deficit reduction. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
The Philippines has secured a yen-denominated financing package equivalent to around P48 billion (119.745 billion yen) from Asian Development Bank (ADB) to support reforms aimed at strengthening the…
First Philippine Holdings Corp. (FPH) of the Lopez Group is allocating P5 billion to buy back shares over two years.
The Philippines’ net external liability position widened in the second quarter as increased foreign borrowing by banks, businesses and the government outpaced the country’s holdings of financial…
Forbes estimates Jensen Huang is now worth more than $203 billion after shares of Nvidia popped to a record high early Friday.
Instant payments may look free to the person tapping “send,” but somebody must pay to keep the money moving around the clock.
Russia’s government plans to sharply increase revenue from taxes on Russians’ bank deposits as it seeks to reduce a budget deficit while directing roughly one-third of federal spending to the…
