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By Caesar Vallejos Eagle News Service First Gen Corporation was recognized as the “Green Company of the Year” by ADEC Innovations at the 2017 Asia CEO Awards at the Marriott Grand Ballroom held last October 17, 2017. ADEC Innovations Chief Operating Officer for Asia, David Young and General Manager-Philippines, Jurgen Tanpho were present at the ceremony to honor the winner. Now on its fourth consecutive year, the ADEC Innovations Green Company of the Year award […]
NEW YORK, United States (AFP) — Most business economists predict that US economic growth will surpass two percent over the next year, despite softening in some business conditions, according to a survey released Monday. The improving forecasts for US growth come amid a weakening profit outlook and continued uncertainty over thorny debates in Washington on trade and tax policy, said the National Association for Business Economics, summarizing a quarterly survey of 85 economists. “Policy developments, including those […]
TOKYO, Japan (AFP) —Tokyo’s benchmark stock index extended a record winning streak on Monday as Japanese Prime Minister Shinzo Abe’s victory in a snap election pushed the yen down and boosted exporters. The Nikkei 225, which on Friday posted a 14th straight day of gains to match a record set in 1961, added 1.15 percent, or 246.51 points, to sit at 21,704.15 in early trade. The broader Topix index was up 0.96 percent, or 16.70 points, […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) – General Electric’s newly-installed chief executive vowed Friday to do whatever it takes to turn around the industrial giant after weak quarterly results initially sent shares plunging. “It’s clear we need to make some major changes,” John Flannery said. “Our results are unacceptable to say the least.” Flannery, who replaced Jeff Immelt over the summer, faced tough questions from analysts after GE reported lower third-quarter earnings and […]
(Eagle News) — The country’s biggest online stockbroker firm on Friday reported a “possible breach in its system involving some personal client information.” In an e-mail to its clients, Col Financial assured its over 200,000 clients, however, of the “integrity of (their) account balances and stock positions.” It also assured them that their “account transactions have not been compromised.” “In addition, we have internal control procedures that prevent unauthorized withdrawals from your account,” it said. […]
TOKYO, Japan (AFP) — Tokyo stocks ended flat Friday morning following the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped after it suspended production citing an inspection scandal. The Nikkei 225 inched up 3.26 points to 21,451.78 by the break, while the broader Topix index was just 0.35 points higher at 1,730.39. “There is no surprise to see profit-taking,” said Hikaru Sato, senior technical analyst at Daiwa Securities. […]
WASHINGTON, United States (AFP) — Facebook announced Thursday initiatives to help struggling news organizations gain paid subscribers, following a similar move unveiled earlier this month by Google. The social network giant said it will test “premium news models” for organizations that deliver their content on Facebook, to enable the publishers to have more control over pricing, subscriber relationships and revenue. “Earlier this year, many publishers identified subscriptions as a top priority, so we worked with […]
MANILA, Philippines (AFP) — The Philippines’ second biggest bank said on Thursday it will spend $288 million buying out the minority stake that Australia’s ANZ has in a credit card joint venture. Metrobank will take over ANZ’s 40 percent share in Metrobank Card Corp. as part of a deal to turn the tie-up into a wholly-owned subsidiary. Metrobank, short for the Metropolitan Bank and Trust Co., formed the 60-40 joint venture with ANZ in 2003. […]
SHANGHAI, China (CCTV) — The Chinese government has been emphasizing the development of the rental market as a way to control the country’s real estate boom. The shift has encouraged the nation’s mega Internet companies like Alibaba and JD.com to explore apartment leasing. Alibaba has just launched its property rental service on its payment app Alipay. The service is similar to most rental apps — prospective tenants can find available apartments in suitable locations with […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Thursday, helped by a tailwind from an upbeat Wall Street and a cheaper yen, as traders begin to factor in this weekend’s election in the world’s third-biggest economy. The benchmark Nikkei 225 index rose 0.39 percent, or 82.33 points, to 21,445.38 in early trade, while the broader Topix index was up 0.30 percent, or 5.18 points, at 1,729.82. The dollar was higher at 113.05 yen in early […]
by Glenn Chapman Agence France-Presse LAGUNA BEACH, United States (AFP) — Baidu chief executive Robin Li on Tuesday said the Chinese internet giant will have a self-driving bus on the road soon as it races for a lead in autonomous vehicles. Baidu is collaborating with an array of companies on autonomous cars, and is working with a large bus maker in China to have a self-driving bus running a route by next year, Li said […]
NEW YORK, United States (AFP) — It’s the prize of a lifetime — a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get. From East to West, from North to South, metropolies across the United States are locked in a frenzied bidding war desperate to woo Amazon into favoring them as the site of the e-commerce giant’s second headquarters. From $7 billion in tax breaks in Newark, […]
