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by Ludovic EHRET Agence France Presse BEIJING, China (AFP) — Sneakers on a popular Chinese e-commerce platform look like Adidas, but are branded “Ababis”. Underwear resembling Calvin Klein are called “Caiwen Kani”. Toys with an uncanny resemblance to a certain blockbuster movie franchise opt for “Star Wnrs”. As China held its massive annual “Singles Day” online sales event on Sunday, shoppers could still find cheap imitations on Alibaba’s Taobao app despite the company’s efforts to […]
By Caesar Vallejos Eagle News Service The gathering of the captains and movers of the construction industry, government policy makers, and foreign and domestic stakeholders at the 3rd Philippine Construction Industry Congress focused on relevant issues vital to the growth and sustainability of the Philippine construction industry. Held last November 8, 2018 at the Conrad Hotel Manila, key topics included the liberalization of the construction industry, government infrastructure initiatives, infrastructure opportunities and delivery models, training […]
HONG KONG, China (AFP) — Asian markets turned lower Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20 percent from their recent highs. The US midterms provided a much-needed fillip to equities as […]
HONG KONG, China (AFP) — Asian markets turned lower Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20 percent from their recent highs. The US midterms provided a much-needed filip to equities as […]
NEW YORK, United States (AFP) — A global stocks rally faded on Thursday as the European Union warned of slowing growth and Wall Street pulled back from a post-election bounce. Meanwhile, fears of higher oil supply sent prices into a bear market, or a 20 percent decline from last month’s high, which weighed on oil-related stocks. The dollar strengthened against major rivals after Wednesday’s selloff in the wake of the key US midterm elections. London […]
LONDON, United Kingdom (AFP) — China’s Xiaomi unveiled the Mi 8 Pro smartphone in London Thursday, making a UK debut as the tech giant ramps up its European presence before an expected American launch next month. Xiaomi, which is looking to gain ground on rivals Apple, Huawei and Samsung, revealed the flagship product at a launch event at the Barbican Centre. The Mi 8 Pro will go on sale in Britain on Friday, the group […]
WASHINGTON, United States (AFP) — Tesla said it has appointed Robyn Denholm of the Australian telecoms company Telstra as board director after Elon Musk resigned from the post. The appointment of Denholm, who is Telstra’s chief financial officer, is effective immediately but she will serve out her six-month notice period with her current employer, Tesla said in a statement late Wednesday. Denholm had already served as a member of the Tesla board since 2014. Musk […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — No US economists believe the Federal Reserve will raise the all-important benchmark interest rate on Thursday but they are watching closely for any signals about how concerned the central bankers are about rising prices. With the economy growing strongly and wages at long last starting to increase after years of robust job creation, central bank officials are wary the economy could overheat. Investors will […]
NEW YORK, United States (AFP) — European stock markets slipped Tuesday on trepidation over US midterm elections seen as a referendum on Donald Trump’s presidency, while US markets rose after a quiet session. Key European markets were down by as much as one percent at the close, while Wall Street reversed early declines to post solid gains. The S&P 500 ended up 0.6 percent. But trading volume was light as investors refrained from placing bets […]
HONG KONG, China (AFP) — Asian markets mostly rose early Wednesday as investors tracked early results from the US midterm elections with Democrats looking on course to win back control of the House, which could impact Donald Trump’s legislative agenda. Equities and the dollar were fluctuating through the morning with results in many key constituencies on a knife-edge with turnout expected to be high. But, while the vote is the first major electoral test of […]
(Eagle News) – Bangko Sentral ng Pilipinas said that the inflation recorded last October, pegged at 6.7 percent, the same as the previous month, meant that “inflation pressures have started to moderate.” The BSP said that the “month-on-month seasonally-adjusted headline inflation” had actually “eased further to 0.3 percent in October from 0.8 percent in September. It said this confirmed the “BSP’s view that inflation momentum has started to slow down.” “Inflation held steady in […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid revised upward its net profit forecast to 2.3 trillion yen ($20.3 billion) from its earlier estimate of 2.12 trillion yen for the year to […]
