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Philippine central bank delivers larger-than-expected 50 bps hike to combat inflation
MANILA, Oct 22 : The Philippine central bank raised its key policy rate by a larger-than-expected 50 basis points (bps) to 5.5 per cent on Thursday, calling it a “decisive” move to combat price pressures while saying it was ready to tighten policy more to cool inflation.”The Monetary Board recognized the need
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Japan’s biggest labour group seeks midpoint target of 6% for 2027 wage increase talks
TOKYO, Oct 22 : Japan’s largest labour union group Rengo unveiled a more ambitious wage bargaining policy for next year’s annual labour negotiations on Thursday, setting a target centred at a pay hike of 6 per cent while maintaining a minimum benchmark of 5 per cent or more. The move marks a shift from previ
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Commercial income powers Europe’s richest clubs as financial divide widens, study shows
MADRID, Oct 22 : Europe’s richest football clubs have built a commercial engine that generates almost half their income, helping underpin an expanding financial elite whose membership has proved harder to change than its revenues, a study shows.The report by consultancy Football Benchmark and World Football S
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Europe car sales rise 10% in September as EV surge offsets combustion slump
Oct 22 : Strong demand for electrified cars helped Europe’s new-car market grow in September, offsetting another sharp decline in petrol and diesel vehicle sales, data from the European Automobile Manufacturers’ Association showed on Thursday.New-car registrations, a proxy for sales, rose 10.2 per cent year-o
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Asian markets dip as investors weigh tech earnings, Gulf tensions
HONG KONG, Oct 22 : Asian stocks struggled to stay above water in early trade on Thursday, as tech earnings optimism provided only fleeting support amid lingering concerns over AI and uncertainty in the Gulf. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent, on track for a fou
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Germany’s SAP hits €10 billion quarterly revenue milestone, lifts 2026 view
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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Stocks rise on AI-led earnings, France’s 10-year bond yield hits 5%
NEW YORK/LONDON, Oct 21 : Major stock indexes climbed on Wednesday, lifted by more strong results from AI-focused companies, while France’s 10-year bond yield hit 5 per cent for the first time since 2002 due to growing concern about the country’s economic outlook.The Nasdaq gained more than 1 per cent, with S
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IBM raises annual software revenue outlook as deal delays ease
Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected third-quarter earnings.In an interview with Reuters, Kavanaugh said IBM
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Germany’s SAP lifts 2026 revenue expectations to top of range after backlog beat
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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AT&T’s fiber revenue per user to keep sliding as bundle discounts weigh
Oct 21 : AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user.The company’s shares fell 6.5 per cent on Wednesday, while
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