Economy

DBS eyes prime brokerage business as Q3 profit falls 5% on weaker trading income
Nov 4, 2026

DBS eyes prime brokerage business as Q3 profit falls 5% on weaker trading income

The earnings miss S$2.95 billion consensus forecast; bank expects mid-single-digit total income growth for 2027...

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Democrats just broke GOP’s grip on Texas. What comes next?
Nov 4, 2026

Democrats just broke GOP’s grip on Texas. What comes next?

A seismic political shift occurred in Texas on Tuesday, as Democrats flipped a Senate seat and the governor’s mansion in a traditionally conservative stronghold. With Sen.-elect James Talarico’s doubl...

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Oil slumps after midterm election rebuke to Trump raises bets on Iran war exit
Nov 4, 2026

Oil slumps after midterm election rebuke to Trump raises bets on Iran war exit

HOUSTON - Oil prices fell more than 8% to settle at their lowest in more than two months on Wednesday after President Donald Trump's Republican Party lost control of Congress in midterm elections, as ...

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Filinvest REIT profit jumps 28% to P1.3B in 9 months
Nov 4, 2026

Filinvest REIT profit jumps 28% to P1.3B in 9 months

MANILA, Philippines — Filinvest REIT Corp. (FILRT) grew its nine-month net income 28 percent to P1.3 billion as Festival Main Mall lifted revenues while expenses grew modestly. On Wednesday, the compa...

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Stock futures soar after Democratic rout in midterms
Nov 4, 2026

Stock futures soar after Democratic rout in midterms

Stock futures soared Wednesday morning, after Democrats’ resounding victory in the midterms. Dow Jones Industrial Average futures were up roughly 1,150 points before the opening bell, more than 2 per...

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Steady enrollment lifts STI Holdings profit to P2.01B
Nov 4, 2026

Steady enrollment lifts STI Holdings profit to P2.01B

MANILA, Philippines — STI Education Systems Holdings Inc. earned P2.01 billion in the 2025–2026 school year, supported by tertiary enrollment as the group continued spending on campuses and learning t...

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GlobalSource: BSP rate hike aimed at inflation, not peso
Nov 4, 2026

GlobalSource: BSP rate hike aimed at inflation, not peso

MANILA, Philippines — New York-based GlobalSource Partners noted that the Bangko Sentral ng Pilipinas should not see its recent rate hike as peso defense, stressing that the main goal of monetary poli...

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Unilab leads Philippines firms in TIME Asia-Pacific’s Best Employers
Nov 4, 2026

Unilab leads Philippines firms in TIME Asia-Pacific’s Best Employers

Pharmaceutical company and health care provider United Laboratories topped the list of Filipino companies that were included in TIME magazine’s inaugural ranking of employers that create outstanding w...

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ASEAN Summit and international trade
Nov 4, 2026

ASEAN Summit and international trade

The ASEAN Summit and Related Summit meetings of heads of state, presidents and prime ministers of some 20 countries, is fast approaching in two weeks to be held at the PICC in Manila....

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Petron profit slides to P5.4 billion in 9 months
Nov 4, 2026

Petron profit slides to P5.4 billion in 9 months

Oil giant Petron Corp. remained profitable despite persistent market headwinds, but its earnings nearly halved to P5.4 billion from January to September....

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