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NEW YORK, United States (AFP) — Wall Street stocks fell Wednesday on doubts about President Donald Trump’s tax cut proposal as weakness in oil prices dragged down petroleum-linked equities. Analysts expressed concern that an increasingly complex Capitol Hill debate on taxes could delay or derail the long-anticipated measure. The most recent idea in the Senate is to repeal the Obamacare individual mandate as part of the plan. “They are making their own progress, but at […]
HONG KONG, China (AFP) — Most Asian markets edged up on Thursday after a recent sell-off across global markets but gains were tempered as the optimism that pushed equities to multi-year highs last week gives way to investor caution. Prices have been falling for much of the week as the sharp gains of October and early November led to profit-taking and worries about high valuations, while US lawmakers’ tax reform struggles are also dampening sentiment. […]
SINGAPORE, Singapore (AFP) — Oil prices tumbled more than one percent on Wednesday in Asia, extending the previous day’s sharp falls after the International Energy Agency warned of weakening demand. A recent rally had sent the commodity to two-year highs, fuelled by hopes producers will extend output cuts well into 2018 as well as escalating tensions between crude giants Saudi Arabia and Iran. But the Paris-based IAE said in a monthly report that it had […]
GENEVA, Switzerland (Reuters) — A famous diamond, linked to French royalty, was sold for nearly $15 million at auction in Geneva on Tuesday (November 14). “Le Grand Mazarin,” a 19 carats pink diamond, belonged to French crown for more than 200 years and was part of crown jewels. Another key sale at the auction was a 163 carat flawless D-colour emerald-cut diamond necklace, known as “Creation 1,” sold for $33,500,000. François Curiel, Christie’s’ Chairman Europe […]
TOKYO, Japan (AFP) — Japan notched up its seventh straight quarter of economic growth, official data showed on Wednesday, although the rate of expansion in the world’s third-biggest economy is slowing. Japanese gross domestic product (GDP) grew by 0.3 percent in the third quarter of the year, marking the longest string of gains for more than 16 years. However, the figure represented a slowdown from the second quarter, when the economy grew by 0.6 percent, as […]
NEW YORK, United States (AFP) — Global stocks were pressured Tuesday by nagging doubts about US tax reform and worries about a petroleum glut. Equity markets fell in New York, Paris and Frankfurt and treaded water in London and Tokyo. Analysts fear the weakness of recent days could hearken a deeper pullback after a series of stock market records over the last month. There are signs “that markets are starting to look a little overextended,” […]
President Rodrigo Duterte on Monday, November 13, said he is mulling more investments from India, particularly in the manufacture of cheaper medicine. President Duterte held a bilateral meeting with Indian Prime Minister Narendra Modi on the sidelines of the 31st Association of Southeast Asian Nations (ASEAN) Summit. “We want to discuss trade relations further and especially, the most important one is that… and I’m happy that you’re here because if we can’t find the […]
(Eagle News) — President Rodrigo Duterte on Tuesday underscored the need for the implementation of a Regional Comprehensive Economic Partnership, noting that such could “provide size and scale to unleash new growth potentials and write the rules of the game of the international trade order.” In his speech at the start of the RCEP Summit, Duterte, who is this year’s ASEAN chair, said that “when it enters into force,” the RCEP would be “one of […]
TOKYO, Japan (AFP) — Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China’s Hisense Group as part of its efforts to restore its balance sheet. Toshiba agreed with the Chinese group to sell 95 percent in shares of its unit Toshiba Visual Solutions (TVS) for about 12.9 billion yen ($114 million), it said in a statement. “Toshiba has been considering structural reforms that will … strengthen Toshiba’s financial base,” the […]
by Julie Charpentrat Agence France-Presse SAN FRANCISCO, United States (AFP) — Uber’s tieup with Japanese tech giant SoftBank suggests the ridesharing giant is set to come of age in the business world, but it still faces a long road ahead. The deal is giving the world’s most valuable startup an additional $1 billion in capital and could allow SoftBank to acquire as much as 14 percent of Uber over time. While Uber has become a global phenomenon […]
TOKYO, Japan (AFP) — Japanese tech giant SoftBank Tuesday said there was “no final agreement” on an investment in Uber and warned it could pull out of a potential deal if the terms were unsatisfactory. The statement came after Uber said it had entered an agreement with a consortium led by SoftBank and investment group Dragoneer on what it termed a “potential investment.” Uber unveiled the deal after former CEO Travis Kalanick and an influential […]
WASHINGTON, United States (AFP) — Microsoft co-founder Bill Gates announced Monday that he is investing $50 million to fund research into treatment for Alzheimer’s disease. Gates, in an entry on his blog, said he was making the investment from his personal fortune and not with his charitable Bill & Melinda Gates Foundation. “Of all the disorders that plague us late in life, one stands out as a particularly big threat to society: Alzheimer’s disease,” Gates […]
