Philippines home prices decline in 3rd quarter as rates climb

Manila: Philippine home prices declined in the third quarter from the prior three months, reversing a short-lived rebound as interest rates increased. Housing values fell 0.6 per cent quarter-on-quarter, according to Bangko Sentral ng Pilipinas. Prices rose 0.8 per cent gain in the second quarter following a 0.9 per cent decline in the first three […]

Trudeau’s free-trade ambitions will be put to the test in 2019

Toronto Trade fights bruised Justin Trudeau’s government all year. The question for 2019 is whether businesses can start to capitalise before anything unravels. The Canadian prime minister, heading into an election year, is doubling down on championing free trade. His argument is that better, modern trade deals are an antidote to the forces driving protectionism […]

At 20, euro is currency giant on fragile footing

FRANKFURT The euro turns 20 on Tuesday, marking two tumultuous decades that saw the single currency survive a make-or-break crisis and become a fixture in financial markets and Europeans’ wallets. But it is destined to remain a fragile giant without closer Eurozone integration, observers say. Born on January 1, 1999, the euro initially existed only […]

Trade wars cost US, China billions of dollars each in 2018

Chicago: The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology — and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialised industries including US soybean crushing benefited from the dispute, it had an overall detrimental impact […]