Business News

TAMUNING, Guam (GEDA) — The Guam Economic Development Authority is hosting a free, virtual export conference, “Taking the Leap Beyond Guam: Exporting for Businesses”, on Friday, September 10, 2021, from 8 a.m. to 4:30 p.m. The one-day virtual export conference is the culmination of GEDA’s Guam Stat…

(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…

HAGÅTÑA (The Guam Daily Post) — A portion of $700,000 reserved for a Minecraft Education and Games in CHamoru program is poised to train local CHamorus to work in video games with the purpose of helping to develop a gaming industry on island. About $40,000 will be spent on the training. The remaini…

BEIJING (Reuters) — China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts. The Asian giant staged an impressive re…

SAN SALVADOR (Reuters) — El Salvador on Tuesday became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warned may fuel money laundering. The plan spear…

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…

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…

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…

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…

WASHINGTON (Reuters) — The U.S. economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid a resurgence in Covid-19 infections, which weighed on demand at restaurants and hotels. But other details of the Labor Department’s closely wa…