Business

SHANGHAI/BEIJING (Reuters) — China Evergrande Group missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to meet its obligations in its home market. The company, reeling under a debt p…

TARAWA (TAK) — The Tourism Authority of Kiribati celebrated World Tourism Day 2021 with the theme “Tourism Through Inclusive Growth,” and unveiling its Tourism Restart Program in Betio South Tarawa. The event was attended by government ministers, secretaries, members of the diplomatic corps, touris…

HAGÅTÑA (BoG) — Bank of Guam announced Wednesday that their campaign Stop COVID, Spread LOVE has been awarded two 2021 Brand Slam Awards for best crisis communications and social media campaign from the American Bankers Association or ABA. The 2021 ABA Brand Slam Awards honor the nation’s top marke…

(NMC) — Cup Bab Restaurant is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can now receive a 5% discount (valid for dine-in customers only.) Cup Bab Restaurant …

SHANGHAI (Reuters) — As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shor…

(Reuters) — California Gov. Gavin Newsom signed a bill on Monday that will ensure thousands of workers in the garment industry are paid a minimum wage by the hour instead of a piece-rate compensation. Newsom signed the Senate Bill 62, also called the Garment Worker Protection Act, and will pave way…

NEW YORK/LONDON (Reuters) — U.S. government borrowing costs advanced for a sixth week on Monday on bets that higher interest rates were on the way and global energy shares rose as crude oil prices hit three-year highs of almost $80 a barrel. Stocks also benefited from an easing in Sino-U.S. tension…

(Reuters) — The U.S. economy will soon meet the Federal Reserve’s bar for beginning to reduce its bond purchase program, Chicago Fed President Charles Evans said on Monday, but it will be late 2023 before an interest rate hike is warranted. “I see the economy as being close to meeting t…

TRIPLE J Payless SuperFresh & Truckload Store in the CNMI received the 2021 Certified Angus Beef International Independent Retail Marketer of the Year award at the Certified Angus Beef Annual Conference held virtually from Sept. 22 to 24. Triple J Five Star Wholesale Foods General Manager Jay S…