Business News

WASHINGTON (Reuters) — The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the coronavirus. IMF First Deputy Managing Director Geoffrey…

NEW YORK (Reuters) —  Investors are turning their attention to prospects that higher taxes could threaten the rally in U.S. stocks as President Joe Biden’s administration moves forward with its agenda and seeks ways to pay for its spending plans. In recent days, investors have focused on a rise in …

(Reuters) — Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. The eye-popping valuation underscores how the perceived value of Coinbase h…

TOKYO/NEW YORK (Reuters) — Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and projected a rapid jump in U.S. economic growth this year as the Covid-19 crisis eases. MSCI’s broadest index of Asia-Pacific shares ou…

HAGÅTÑA (Press Release) —Bank of Guam announces the following closures throughout its network: San Francisco                  Closed March 16, 2021, Reopens March 17, 2021 Guam                               Closed March 17, 2021, Reopens March 18, 2021 Neighboring Islands         Closed March 18, 2…

KOROR (Island Times/Pacnews) — While the proposed March 15 date of the opening of a Palau-Taiwan travel bubble has come and gone, President Surangel Whipps Jr. said Palau is ready to start receiving visitors, and Taiwan seems to be eyeing the beginning of April as a new date for the travel bubble t…

McDONALD’S Saipan is celebrating 28 years of quality service and commitment to the community. Its owner, Jose “Joe” C. Ayuyu Sr., opened Saipan’s first McDonald’s on Middle Road in Chalan Laulau, on March 18, 1993, and its success led him to open a branch on Beach Road in Garapan …

THE success of the CNMI’s newest industry, cannabis production, will depend on how all the stakeholders will conduct their businesses, Gov. Ralph DLG Torres said. “This will open a lot of doors, and I hope that with our downtime, we get to make sure that the market is done right,” the governor said…

HAGÅTÑA (The Guam Daily Post) — The governor’s permit czar is working closely with the Guam Department of Labor in processing H-2B workers out of the Philippines, which is seeing a backlog. Former Gov. Carl Gutierrez, president of the Guam Visitors Bureau, was most recently tasked by the governor t…

THE newly renovated lighthouse on Navy Hill will have a “soft opening” Friday, March 12, as Mariana Lighthouse. Mariana Lighthouse offers a modern dining experience, complete with a restaurant and grill, coffee shop and bar. The lighthouse first sparked the interest of Bibong Corporation chief exec…