Business

Australia strengthens ties with PH through food, brings culinary star and MasterChef winner in Manila

By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Building stronger relationships with ASEAN nations including the Philippines, “Australia now 2019”, a program that celebrates Australian innovation and creativity in Asia, brings Taste of Australia with Adam Liaw in Manila at the Greenbelt 3 Park on April 27, 2019. The Australian Embassy in the Philippines organized the festival showcasing culinary culture and the best Australian products available in the Philippines, and highlighted by the talk […]

Wall Street sags after record-breaking session

by Roland JACKSON NEW YORK, United States (AFP) — Wall Street pulled back from records on Wednesday as investors digested mixed earnings reports ahead of more results from major tech companies. Elsewhere, Asian and European bourses were mixed as a global stocks rally failed to materialize a day after Tuesday’s record-breaking session in New York. Meanwhile, a drop in German business sentiment sent the euro plunging. US aviation giant Boeing told investors the crisis involving […]

Microsoft surges toward trillion-dollar value as profits rise

WASHINGTON, United States (AFP) — Microsoft said profits climbed in the past quarter on its cloud and business services as the US technology giant saw its market value close in on the trillion-dollar mark. Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier. Microsoft shares gained some three percent in after-hours trade, pushing it […]

Asian markets fluctuate as dealers brush off Wall St record

HONG KONG, China (AFP) — Asian markets fluctuated Wednesday following a record-breaking close on Wall Street that was fuelled by strong earnings from US big-hitters. The S&P 500 and Nasdaq scaled all-time highs while the Dow came close after a string of better-than-forecast results from the likes of Coca-Cola, Twitter and Lockheed Martin added to a raft of other recent reports that suggest the economy is in rude health. Markets welcomed “a really great string […]

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 […]