Economy

Volatilities in the global market remains a normal thing for now due to the looming interest rate normalization in the US on one hand and the implementation of the additional stimulus program in the euro zone and in Japan on the other.

Los Angeles—The leader of the Port of Los Angeles, the nation’s largest, said Saturday it would take three months “to get back a sense of normalcy,” following a labor dispute between dockworkers and employers.

Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC) expects to complete its P6.75-billion refinery upgrade this year to enable the facility to comply with the January 1, 2016, implementation of the Euro IV fuel specification reducing sulfur content in diesel. Company officials said PSPC’s FuelSave gasoline and diesel, which its parent Royal Dutch Shell Plc makes available in 22 countries, is …

Luis Leoncio Port stakeholders have proposed in a report the adoption of permanent and coordinated solutions to prevent a resurgence of the congestion at the Manila ports largely brought about by the Manila truck ban, which the city government lifted last Sept. 13.

Athens, Greece — Signs that Greece and its European creditors are open to compromise boosted market hopes on Friday that the sides can reach a deal to save the country from bankruptcy. But any agreement will likely take time, with both sides pressing hard for concessions.After a turbulent week, in which investors feared Athens’ demands to rewrite its bailout terms …

Harvard produced the most graduates who were CEOs at their time of their companies’ market debuts in 2014, according to Equilar, an executive compensation data firm.

Jackson, Mississippi — Does Google help criminals by allowing its search engine to lead to pirated music or by having its autocomplete function suggest illegal activities?

Los Angeles — A prolonged labor crisis at West Coast seaports means the critical gateways for international trade have become more like parking lots for massive cargo ships that haul a vast selection of consumer goods from Asia and return there with U.S. exports.

Riza Lozada The government has assured Japanese investors that incentives offered to them for the setting up of local facilities such as tax holidays and reduced taxes and duties will be retained in an effort to encourage more investments.

Top telecommunications firm Globe Telecom will allot $850 million in capital spending (capex) this year which is almost double from 2014 when it posted a record P14.5 billion profit or a 25 percent jump from a year ago driven by solid performance in its mobile, broadband, and fixed line data businesses.