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The US Federal Reserve meets on Wednesday in the midst of heavy selling in stock and bond markets following May data showing the US consumer price index rising at its fastest pace since 1981.CME’s FedWatch tool, based on the prices of short-term credit futures, shows about a 1/4 chance of a 75-bp rate hike at this month’s meeting and a better-than-even chance of there being at least one 75 bp hike by next month’s meeting.
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Philippines forges investment promotion agreement with UAE - BusinessWorld OnlineThe Philippines and United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) on June 9, with the Trade department expressing an interest in tapping Dubai investment in agriculture and energy, among others. READ:
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PLDT Global, OneQode partner to strengthen eSports - BusinessWorld OnlinePLDT Global Corp. announced that it signed a memorandum of understanding with OneQode, a gaming infrastructure provider, that aims to strengthen and internationalize the gaming experience of the local esports community. READ:
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Shoppertainment - BusinessWorld OnlineTechnology has disrupted the way brands are built and the way products are sold.
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The ‘Janes’ reflect in new US documentary on providing illegal abortions before Roe - BusinessWorld OnlineSome 50 years ago, before the landmark US Supreme Court decision Roe v. Wade that legalized abortion, a group of women on the South Side of Chicago worked underground, providing illegal abortions to desperate women in need. READ:
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Manila Water looks at Africa, Latin America for expansion - BusinessWorld OnlineRazon-led Manila Water Co., Inc. is looking at further expanding its reach to overseas areas where its affiliate firm has business exposure, and where the Philippines shares similar economic and cultural characteristics, a company official said. READ:
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Philippines ranks 88th and 93rd in freedom and prosperity lists - BusinessWorld OnlineThe Philippines placed 88th and 93rd out of 174 countries in US-based think tank Atlantic Council’s inaugural 2021 Freedom and Prosperity Indexes. READ:
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