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US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an attempt to stop them from complying with Congressional subpoenas issued as part of a probe into foreign political influence. The subpoenas — which the Trumps described in their suit as “intrusive and overbroad” — were issued to several banks by the Democratic-majority House’s intelligence and financial services committees, which are looking into the president’s finances […]
HONG KONG, China (AFP) — Asian markets mostly fell Friday with investors treading carefully as global slowdown worries return to the fore, with analysts pointing to an economic divergence between the US and the rest of the world. Traders have been cheered by a string of better-than-expected earnings from corporate titans this reporting season, with Facebook, Microsoft and Amazon adding to the positive mood on Wall Street, but were unable to fuel broad gains. However, […]
LONDON, United Kingdom (AFP) — Brent North Sea crude hit a near six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Stock markets meanwhile mostly dropped, with traders across Europe digesting mixed company earnings updates and news of the collapse of two mega-mergers in the supermarket and banking industries. “Brent crude oil has rallied above $75 a barrel for the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
(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 […]
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 […]
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 […]
