HSBC denies Chinese media reports that it ‘framed’ Huawei

FILE PHOTO: The HSBC headquarters is lit up at the Central Financial District in Hong Kong November 3, 2015. REUTERS/Bobby Yip/File Photo BEIJING— HSBC on Saturday denied Chinese media reports that it had “framed” Huawei Technologies and played a role in the arrest of the chief financial officer (CFO) of the world’s biggest telecoms equipment […]

Airline recovery remains slow and uncertain

Cebu Pacific, the country’s biggest budget airline, said recovery was significantly slower than expected as it struggles with weak demand and shifting local government unit (LGU) rules amid the new coronavirus (COVID-19) pandemic. Candice Iyog, Cebu Pacific vice...

PSEi manages to stay above 6,000

The benchmark Philippine Stock Exchange index (PSEi) hovered above the 6,000 level on Friday as investors stayed on the sidelines while new coronavirus cases continued to increase. By the closing bell, the PSEi was down 0.43 percent or 25.75 points to 6,003.26. The...