BEIJING—A gauge of China’s factory activity weakened sharply, suggesting that any turnaround in the world’s second-largest economy after months of slower growth has yet to take root. The fall-off in manufacturing activity in April follows a strong showing in …
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BP reported first-quarter profit largely in line with expectations on Tuesday, citing tough market conditions at the start of the year. The British oil giant posted first-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.4 billion, versus $2.3 …
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Weak loan growth and expectations of a cut in official interest rates have triggered a sharp fall in banks’ funding costs, sparking debate over the prospect of “out-of-cycle” mortgage rate cuts. After banks last year raised variable interest rates, citing higher …
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Calvin Schnure, economist at Nareit, says overbuilding or too much supply shouldn't be a big issue for the forseeable future. Bloomberg Radio's
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By Ben Rosario. Serious inaccuracies in the accounting of funds and real estate properties of the Armed Forces of the Philippines Retirement and
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