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By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said that maintaining price and financial stability will remain the BSP’s top priority. At the Chamber of Thrift Banks (CTB) Convention held at the Makati Shangri-La last March 29, 2019, Diokno cited the Philippine economy’s recent developments, potential challenges and the BSP’s thrusts. “You can rely on the BSP to remain independent and steadfast in safeguarding our […]
WASHINGTON, United States (AFP) — Billionaire investor Warren Buffett said Thursday that wealthy countries are obliged to take care of victims of the fast-moving global economy who become “roadkill.” Some companies and workers inevitably become obsolete in a changing capitalist economy, and jobs move to other industries, improving quality of life over time, Buffett said at a charity event in Texas. “You do take care of the people that for one reason or another can […]
TOKYO, Japan (AFP) — Japan’s closely watched factory output rose modestly in February with unemployment staying at record low levels, official data showed Friday, underscoring the patchy recovery of the world’s third largest economy. Factory output for February rose 1.4 percent month-on-month after a 3.4 percent dip in January, the trade and industry ministry said Friday. The reading compares with market expectations of a 1.0 percent rise. “The recovery in output is not strong, reflecting […]
NEW YORK, United States (AFP) — The pound dropped on Thursday, weighed down by ongoing chaos in Brexit proceedings, while global stocks were mixed. London’s stock market rose, however, buoyed by the weaker currency. Eurozone markets, having enjoyed modest gains earlier in the session, slipped towards the close, while Wall Street pushed higher as Treasury bond yields stabilized. British Prime Minister Theresa May will renew attempts to push through her Brexit plan on Friday, after […]
HONG KONG, China (AFP) — Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in Westminster that saw Prime Minister Theresa May offer to resign if MPs backed her Brexit plan and lawmakers reject a series of alternative options on […]
(Eagle News)–The Ayala brothers of the Ayala Group of Companies on Wednesday, March 27, said they took responsibility for their “own shortcomings in the company” Manila Water that have contributed, among “a multitude of factors,” to the water shortage. In a Facebook post, Jaime Augusto Zobel de Ayala, chair of the Ayala group and vice chair of Manila Water; and Fernando Zobel de Ayala, chair of the water concessionaire, said they “recognize and understand the […]
HONG KONG, China (AFP) — Asian markets were mixed Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output. Trading remains choppy across the region after a key US gauge raised a red flag warning of a recession, adding to Federal Reserve worries about growth, uncertainty over Brexit and China’s stuttering economy. However, while the […]
HONG KONG, China (AFP) — Hong Kong flag carrier Cathay Pacific announced Wednesday it will buy budget airline HK Express for HK$4.93 billion ($628.15 million). The purchase comes as the airline moves to counter competition from an increasing number of budget carriers in the region. © Agence France-Presse
The CEO Summit 2019 that will happen at the Shangri-La at the Fort, Bonifacio Global City in Manila on May 29-30, 2019 will focus on a 4-point agenda designed to address challenging issues faced by businesses today. The 4-point agenda: Leadership Legacy and Strategy, Value Chain, Risk and Crisis and Mergers and Acquisitions are expected to prepare a new breed of decision makers as they make their companies ready for globalization, digital transformation, unprecedented competition […]
HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]
NEW YORK, United States (AFP) — World stock markets were pressured Monday, with Asia taking the heaviest hit, as investors worried about signs of a sharp global economic slowdown. Traders shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. The pound gave up earlier gains to trade lower against the euro and the dollar after Prime Minister Theresa May admitted Monday she still had […]
by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Stock markets slid Monday, with Asia taking the heaviest hit, as investors took flight on mounting fears of a sharp global economic slowdown. Investors shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. On currency markets, the British pound faced fresh selling pressure with Prime Minister Theresa May’s political future hanging in […]
