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TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday as investors awaited the outcome of the US central bank policy meeting while the Japanese mobile unit of SoftBank Group flopped on its debut. The benchmark Nikkei 225 index slipped 0.23 percent or 48.63 points to 21,066.82 in early trade, while the broader Topix index was down 0.21 percent or 3.27 points at 1,559.24. “A wait-and-see mood will likely grow ahead of the outcome of […]
by Michael Mathes Agence France Presse WASHINGTON, United States (AFP) — President Donald Trump backed off his demand for $5 billion in border wall funding Tuesday, but his subsequent offer was rejected by congressional Democrats, leaving the opposing sides struggling to avert a partial US government shutdown. Trump had stood firm for days, declaring he needed the funds to build the controversial wall, defiantly proclaiming last week that he would be “proud” to stop some […]
NEW YORK, United States (AFP) — World oil prices tumbled Tuesday to their lowest levels in more than a year, hit by fears over the outlook for the global economy and doubts over producers’ resolve to cut output. The plunge in oil prices came on a mixed day for global stocks, with European and Asian markets falling in the aftermath of Monday’s Wall Street rout. US stocks mustered modest gains, but finished well below […]
NEW YORK, United States (AFP) — Wall Street crumbled again on Monday while other global stocks mostly fell as a wave of bad feeling about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets widely expect the Fed to ignore the political pressure and announce its fourth rate hike of 2018. […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fueled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A much-anticipated speech by President Xi Jinping left investors crestfallen as they had been hoping for comments about stimulus or even clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fuelled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A speech by President Xi Jinping later in the day is also on the radar, with hopes for some clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to the week, […]
by Laurent THOMET Agence France Presse BEIJING, China (AFP) — China celebrates Tuesday the 40th anniversary of its transformative “reform and opening up” policy, which turned the world’s most populous country into an economic juggernaut that now faces slowing growth and a stern US challenge. The brainchild of late paramount leader Deng Xiaoping, the programme was ratified at a Communist Party conclave on December 18, 1978, breaking with the chaotic policies of his predecessor, Chairman […]
“Digital transformation is not about technology, but it’s about building capabilities and competencies in a strategic way.” In the 27th episode of Eagle Broadcasting Corporation’s online business show “Open for Business,” Reynaldo Lugtu, President and CEO of Hungry Workhorse emphasized that ‘digital transformation is not only a concept, it is a reality but it is also a journey that you take as an owner of a company or a startup.’ Lugtu, one of the country’s most […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Friday after two days of rallies as investors locked in profits while awaiting fresh global data for clues on growth in major economies. The benchmark Nikkei 225 index dropped 2.02 percent, or 441.36 points, to end at 21,374.83, while the broader Topix index lost 1.51 percent, or 24.49 points, to 1,592.16. “Trade lacks a sense of direction following mixed US stocks indexes and ahead of fresh […]
DOHA, Qatar (AFP) — Qatar, the world’s largest exporter of liquified natural gas, will run its first budget surplus in three years in 2019 due to higher energy prices, a government statement said Thursday. The surplus will reach 4.3 billion Qatari riyals ($1.2bn, 1 billion euros) because of an expected sustained rise in prices. The statement also said Qatar would delay plans to introduce a value-added tax (VAT), initially anticipated for this year. But it […]
HONG KONG, China (AFP) — Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing to issues within and outside the bloc. The pound showed some resilience, even as European […]
by Emily Manuel Contributor, Eagle News MANILA — Key experts and industry leaders gathered at the VIA Startup Summit held at the Green Sun Hotel, Makati City, last 28 November 2018 to recognize the valuable contribution of startups to the local economy and discuss ways to foster their development. Among them were Director Senen Perlada from the Export Marketing Bureau of Department of Trade and Industry (DTI), Dentsu Aegis Network Philippines’ Country CEO, Donald Lim, […]
