December 12, 2017, 10:37 am
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Market

Behind wage, productivity clouds, world economy is booming

LONDON- The dark clouds of stagnant wages, widening inequality and chronic productivity across much of the Western world are shrouding one of the most remarkable and easily forgotten facts of the year - the world economy is booming.

Goldilocks markets show 2017 was no year to be a bear

If anything, 2017 has proved even more resilient than many had hoped for. World stocks rose 20 percent, global growth was its strongest since 2010, market volatility fell to its lowest on record and “junk” bond yields hit all-time lows.  It didn’t pay to be a contrarian in 2017.

Brexit buys time for bruised LSE

LONDON- Bruised by the collapse of its merger with Deutsche Boerse and battered by the abrupt departure of its CEO, the London Stock Exchange (LSE) may find Brexit buys it time get its house in order.

US Senate takes step toward passage of tax bill

WASHINGTON- The US Senate on Wednesday took a step toward passage of tax legislation that is a top White House priority, setting up a likely decisive vote later this week even though it was unclear if the bill had enough Republican support to become law.

OECD sees growth peaking as investment lags, debt builds

PARIS- Global economic growth is set to peak at an eight-year high next year as uninspiring investment and increasingly dangerous debt levels limit room for further improvement, the OECD said on Tuesday.

Big insurers welcome regulators’ rethink of risks

LONDON- Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry.

Safe-haven bonds steady as investors react with calm to German crisis

LONDON- German bond yields steadied near 1 1/2-week lows on Monday after talks to form a coalition government failed.

Bumper profits, government pressure to drive Asia’s dividend bonanza

Dividend payouts by Asia’s biggest companies are poised for their biggest increase in six years as profits surge and pressure grows on firms to be more generous with their shareholders.

Confidence in euro zone expansion strong among economists

BENGALURU- The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough.

Wealth gap seen slowly narrowing

LONDON- As the debate over wealth inequality rages, a paradox is expected to play out over the next five years: the share of people in the lowest strata will decline, while the wealth of the world’s richest will grow faster than any other group.

Pages

Front Page

Column of the Day

The Silence breakers

By ABIGAIL VALTE | December 12,2017
‘There are still thousands who cannot afford to come out and stand against these monsters without risking the fragile fabric of their lives.’

Opinion of the Day

Duplicity

By REY O. ARCILLA | December 12, 2017
‘Today, President Digong brought us to a position where we can stand tall as an independent country, with our dignity back and not the lapdog of anyone. – Gen. Sotelo’