Business News

NEW YORK (Reuters) — Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year’s most successful plays — the so-called reflation trade that helped power shares of economically sensitive companies higher after nearly a decade of underperformance…

NEW YORK (Reuters) — BlackRock Inc, the world’s biggest asset manager, said on Thursday it has raised over $250 million for its climate finance fund to invest in select countries in Asia, Latin America, and Africa. BlackRock’s Climate Finance Partnership will focus on investing in areas…

(Press Release) — Docomo Pacific, regional leader in innovation, telecommunications, & entertainment, supports the first Commonwealth Cancer Association’s Golf Tournament Fundraiser. The Commonwealth Cancer Association is a community-based organization focused on the battle against cancer. Thro…

(MTEC) —   The  Marianas  Tourism  Education  Council will revive its scholarship program in school year 2021-2022, aimed at encouraging graduating high school seniors to pursue higher education. The MTEC board will award a $2,000 scholarship and a $1,000 scholarship for two seniors from the class …

HAGÅTÑA (BoG) — Bank of Guam has announced the rebrand of its San Francisco branch as TASI Bank, a Division of Bank of Guam, with a new logo, website and rebranded digital banking solutions. Seeing an opportunity to distinguish itself from other Bay Area lending institutions, TASI Bank will center …

WASHINGTON (Reuters) — Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the Florida-based company’s CEO, said in an interview that it was hard to e…

WASHINGTON (Reuters) — The Biden administration is pushing for a “compromise solution” in stalled OPEC+ oil output talks, a White House spokesperson said on Monday. OPEC+ ministers called off those talks on Monday after the United Arab Emirates rejected a proposed eight-month extension …

TOKYO (Reuters) — Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of Covid-19 infections weighed on consumer confidence. Japan’s economy is struggling to shake o…

TOKYO (Reuters) — Most Asian stocks gained on Monday, extending the rally that took global equities to a record high after a U.S. jobs report signaled the economic recovery remained intact but didn’t yet warrant any immediate withdrawal of Federal Reserve stimulus. Japanese markets, however, …

SINGAPORE (Reuters) — The dollar took a breather on Monday, after recent gains ran into a speed bump when details of last week’s U.S. jobs report soothed jitters about the timing of U.S. interest rate hikes. While the headline June job creation figure beat forecasts, unemployment ticked highe…