Business

Oil prices jump as Trump cracks down on Iranian exports

by Richard CARTER NEW YORK, United States (AFP) — Oil prices jumped to near six-month highs on Monday as the Trump administration cracked down on Iranian oil exports, announcing it would no longer grant waivers from US sanctions. The announcement came on an otherwise quiet day for global stock markets, with European bourses on holiday and Wall Street trading sideways ahead of major earnings releases later in the week. The White House announced it was […]

Boeing 737 MAX changes deemed ‘operationally suitable’: FAA

by Luc OLINGA with Heather SCOTT in Washington Agence France Presse NEW YORK, United States (AFP) — The changes US aircraft manufacturer Boeing has proposed in the wake of two deadly accidents of its top-selling 737 MAX aircraft were deemed “operationally suitable,” according to a draft report released by US regulators Tuesday. However, Boeing has not yet submitted a planned software fix to the Federal Aviation Administration, the agency said in a statement. Boeing has […]

Manila Water chief operating officer resigns

(Eagle News)—The chief operating officer of Manila Water has resigned. In an interview over GMA’s radio dzbb, Dittie Galang, the water concessionaire’s corporate communications manager, said the resignation of Dino Carpio, who has served the company for 22 years, was effective today, April 16. “Tinanggap ng board of directors ang kaniyang resignation pero magtratrabaho pa rin siya until the end of the month,” Galang said. Galang said the board had assigned Abelardo Basilio as Carpio’s […]

Asian markets resume rally on earnings hopes, trade optimism

HONG KONG, China (AFP) — Asian markets chalked up healthy gains Monday as investors cheered a strong start to the US earnings season, while Donald Trump’s treasury chief indicated trade talks with China were in their end-stage. The gains put a regional equities rally back on track after last week’s stutter, supported by data last week showing a sharp jump in credit growth in China as easing measures kick in, while exports beat expectations and […]

World stocks push higher on US bank results, Disney

by Jürgen HECKER Agence France-Presse NEW YORK, United States (AFP) — Stock markets on both sides of the Atlantic pushed higher on Friday following strong earnings from JPMorgan Chase and the launch of a new Disney streaming service that wowed Wall Street. Wrong-footing financial sector watchers who had warned of a “not that great” earnings season for banks, JP Morgan reported higher first-quarter profits on Friday, pointing to a still-solid US economy reflected in more […]

Future of AI in the Philippines discussed at Microsoft’s Future Now AI Conference

by Emily Manuel Contributor, Eagle News (Eagle News) – “The future is now,” chanted a group of business and IT leaders who gathered at the Okada Hotel in Manila on March 21, 2019 for Microsoft’s Future Now Artificial Intelligence (AI) Conference. The results of the Microsoft and International Data Corporation (IDC) study entitled “Future Ready Business: Assessing Asia Pacific’s Growth Potential Through AI” were also unveiled during the said forum. – What is AI? – […]

Experts discuss ways to advance national productivity using excellence strategies

by Emily Manuel Contributor, Eagle News (Eagle News) — More than 100 participants from member economies of the Asia Productivity Organization (APO) and Philippine public and private sector organizations attended the “Forum on Advancing National Productivity through Excellence Strategies” at the Marriott Hotel, Pasay City on April 12, 2019. The forum featured three international speakers who shared their experiences in the implementation of the APO Center of Excellence (COE) programs: Green Productivity (Taiwan), IT for […]

Most Asian markets fall, while pound holds ground after Brexit delay

Asian equity markets mostly fell on Thursday, April 11, with few catalysts to drive buying and investors still on edge over a brewing trade battle between the United States and Europe. White House threats this week to hammer $11 billion worth of EU goods with tariffs jolted markets, which have been rallying this year on optimism that China and the US were close to ending their own battle. The warning revived concerns about US President […]

Boeing reports 19% drop in Q1 plane deliveries on MAX grounding

NEW YORK, United States (AFP) — Boeing on Tuesday reported a 19 percent drop in first-quarter commercial airplane deliveries as the global grounding of its 737 MAX plane hits results. The aerospace giant delivered 149 commercial planes in all in the first quarter, including 89 of the 737 MAX aircraft. That is down from 184 commercial deliveries and 132 of the 737s in the same period of last year. Boeing has been under scrutiny following […]

Boeing shares slump as 737 earnings hit is weighed

  NEW YORK, United States (AFP) — Boeing shares slumped Monday on the company’s weakened profit outlook after it announced last week it will cut production of 737 planes following two deadly crashes. Shares were down 4.5 percent at $374.02 in afternoon trading, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, […]

Viva Europa 2019 highlights EU’s focus on cultural diplomacy

By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The cultural season is on and highlighting the annual celebration is the European Union (EU) Delegation to the Philippines’ “Viva Europa 2019” conducted in partnership with the EU member states’ embassies and European cultural institutes. “Viva Europa is part of our cultural diplomacy which aims at reinforcing mutual understanding and strengthening people-to-people links”,  said European Union Ambassador Franz Jessen. In his welcome remarks to members of […]

Asian markets mixed after strong US jobs data, eyes on Brexit

HONG KONG, China (AFP) — Asian markets were mixed Monday but investors remain broadly upbeat after a strong US jobs report that eased concerns about the world’s top economy, while the pound edged up at the start of another crucial week in the Brexit saga. The gains built on last week’s rally that was fuelled by optimistic tones from China and the United States on trade talks, with top White House economic adviser Larry Kudlow […]