Business News

(SCC) — The Saipan Chamber of Commerce and the Hotel Association of the Northern Mariana Islands have jointly submitted a letter to the CNMI leaders, including Gov. Arnold I. Palacios, Lt. Governor David Apatang, U.S. Congressman Gregorio Kilili Camacho Sablan, Senate President Edith Deleon Guerrer…

A person shops in a supermarket in Manhattan, New York City, June 10, 2022. WASHINGTON (Reuters) — U.S. consumer prices unexpectedly rose in November while underlying inflation pushed higher, offering more evidence that the Federal Reserve was unlikely to pivot to interest rate cuts early next year…

Argentina’s new Vice President Victoria Villarruel and Argentina’s President Javier Milei embrace during their swearing-in ceremony at the National Congress, in Buenos Aires, Argentina, Dec. 10, 2023. BUENOS AIRES (Reuters) — Argentina libertarian economist Javier Milei took office on S…

From left, top, clockwise: David A. Alcorn, Nenita C. Baldovino, William H. Best, Cesar C. Cabot,  John Day and Matthew S. Hunter. BARRIGADA, Guam — Guam Business Magazine is pleased to announce the nominees for the 2023 Guam Business Magazine Executive of the Year. The nominees are: • David A. Alc…

WASHINGTON (USDOL) —  As the U.S. Department of Labor’s Wage and Hour Division and  Office of the Solicitor continue to find serious illegal employment practices in the meat and poultry processing industries, a California poultry processor and supplier to supermarkets and food distributors — includ…

People walk at a shopping compound in Beijing, China, Dec. 6, 2023. SHANGHAI/HONG KONG (Reuters) — Moody’s negative outlook on China has intensified Beijing’s battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilize …

Passersby walk past an electric board displaying Japan’s Nikkei share average outside a brokerage in Tokyo, Japan, April 18, 2023. SINGAPORE (Reuters) — Asian stocks slipped to three-week lows and Hong Kong’s unloved Hang Seng index slumped to a one-year trough on Tuesday while bonds an…

The Federal Reserve building in Washington, D.C., Jan. 26, 2022. WASHINGTON (Reuters) — Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when and how to signal a turn to rate cuts that investors, politicians a…

University of Guam officials signed a memorandum of understanding on Nov. 27, 2023, with Cabras Marine Corp. to open paid internships for qualified UOG students. From left, Dr. Sharleen Santos-Bamba, UOG interim senior vice president and provost; Dr. Anita Borja Enriquez, UOG president; Joseph L. C…

A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2023. HONG KONG (Reuters) — Asian stocks rose on Thursday to clock their strongest performance in 10 months, as investor sentiment warmed on a relatively benign global interest rates outlook and s…