Business News

NMI local businesses attend trade show under STEP Grant

(Office of the Governor) — Two small business owners from the CNMI were recently selected by the CNMI Department of Commerce to attend the Affordable Shopping Destination or ASD Market Week gift show from Aug. 22 to 25, 2021 at the Las Vegas Convention Center. Marianas Trench Sea Salt and the Hybri…
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Philippine Airlines to return 22 planes, reassures on survival

MANILA (Reuters) — Philippine Airlines will return 22 aircraft, mostly Airbus and Boeing jets, to lessors as it pursues a financial restructuring program to survive after the pandemic has decimated global travel, executives said on Monday. Philippine Airlines last week filed for Chapter 11 bankrupt…
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Dollar stands tall as global growth momentum fades

LONDON (Reuters) — The dollar erased all losses sustained after last week’s poor U.S. jobs report and extended gains versus its rivals on Monday as concerns about slowing global growth boosted its safe-haven appeal in a big week for central banks. The dollar index, which measures the currency…
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Oil falls after deep Saudi price cuts spur demand concerns

LONDON (Reuters) — Oil prices fell on Monday, extending losses after the world’s top exporter Saudi Arabia cut crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the demand outlook. Brent crude futures for November fell 28 cents, or 0.39…
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Investors grow wary as stocks hit new highs

NEW YORK (Reuters) — Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains. Utilities are the S&P 500’s best-performing sector so far this quarter with a 10.2% gain. They have been…
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