NACHO is on, but memory chipmakers鈥 rally isn鈥檛 over
THE NOTHING-BURGER that came out of the Xi-Trump summit drove home a new reality for global investors. The NACHO trade, which stands for 鈥渘ot a chance Hormuz opens,鈥 is on. Prospects of prolonged inflation have risen, sending global bond yields higher and the US dollar stronger.
Philippine bonds face extended slump on large rate hike bets
PHILIPPINE sovereign bonds are extending a sell-off as traders price in the prospect of a 50-basis-point (bp) rate hike, the largest since 2023.
The outlook...
Company retreats didn鈥檛 use to be this crazy
A VERY FAMILIAR FEATURE of corporate life has crossed over into pop culture this year: the company retreat.
Paramount, Warner Music partner for films on stars like Sinatra
PARAMOUNT Skydance Corp.鈥檚 film studio and Warner Music Group Corp. will partner to make movies for theaters based on the lives of famous singers...
Philippine peso’s falling trajectory defies rate hike expectations
THE Philippine peso is likely to sink to new lows against the dollar as the country鈥檚 outsized vulnerability to high energy costs offsets expected...
Is your wardrobe predicting an AI bubble?
IT鈥橲 NOT JUST Michael Burry comparing AI to the dot-com bubble, or dystopian reports that the tech could trigger massive unemployment, or even Berkshire Hathaway Inc. hoarding record cash: Fashion, too, is signaling economic danger.聽
Philippines downplays stagflation risk, will boost spending
The Philippines pledged a rapid ramp-up in government spending starting this month to revive an economy hit by a sharp slowdown in growth and...
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Ni帽o brings soaring temperatures and...
Gulf tankers will need protection, peace deal or not
US PRESIDENT Donald Trump has halted the US Navy鈥檚 nascent effort to guide commercial ships out of the Persian Gulf 鈥 pending the Iranians鈥 response to his latest peace proposal. But don鈥檛 let the pause fool you.
Marcos faces crisis as fragile Philippines punished by oil shock
Philippine President Ferdinand Marcos Jr. is facing the country鈥檚 worst economic crisis since the pandemic as the energy shock unleashed by the Iran war...
Philippine growth unexpectedly slows in Q1 as inflation risks rise
Philippine growth unexpectedly slowed in the first quarter, leaving the country a laggard within the region and challenging policymakers trying to cool inflation and...
The UN, WTO, NATO, ICC, and NPT have become zombies
A WORRISOME parallel between the 1930s and the 2020s is that in both decades the multilateral institutions of the international system resemble the walking dead.