The ASX 200 index drifted downwards after the Reserve Bank of Australia (RBA) decided to hike interest rates by 0.25%. It dropped to a low of A$7,290, which was a few points below last month’s high of A$7,396. The AUD/USD spiked to a high of

PHILIPPINESTAR/ WALTER BOLLOZOSWASHINGTON – President Joe Biden told his counterpart Ferdinand Marcos Jr. on Monday that the US commitment to the defense of its ally was “ironclad,” including in the South China Sea where Manila is under pressure from China.Mr. Marcos, on the first White House visit by a Philippines leader in 10 years, stressed the importance

INCHEON, South Korea – Japan and South Korea held their first bilateral finance leaders’ meeting in seven years on Tuesday, a sign relations between the two are thawing as they confront shared challenges from geopolitical tensions and slowing economic growth.The two countries agreed to resume regular finance dialogue “at an appropriate timing,” Japanese Finance Minister Shunichi Suzuki told reporters after the meeting.The dialogue will likely be

Vice Media, once valued at over $5.7 billion is preparing to file for bankruptcy as soon as this week. According to the Wall Street Journal, the bankruptcy comes after the company struggled to find a buyer recently. So, how safe is Buzzfeed (NASDAQ: BZFD), a

The United States will end its COVID-19 vaccination requirements for international travelers and federal workers on May 11, when the coronavirus public health emergency ends, the White House said on Monday.In February, the US House of Representatives voted to lift the requirement that most foreign air travelers be vaccinated against COVID-19, one of the few remaining pandemic travel restrictions still in place.The Biden administration last

US President Joseph Biden, Jr. (left) and Republican House Speaker Kevin Mccarthy (right)WASHINGTON – US President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June.Treasury Secretary

PEXELS-LARA JAMESONHONG KONG – China is increasingly barring people from leaving the country, including foreign executives, a jarring message as the authorities say the country is open for business after three years of tight COVID-19 restrictions.Scores of Chinese and foreigners have been ensnared by exit bans, according to a

Ginebra San Miguel, Inc. to conduct regular stockholders' meeting on May 25 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their