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SAN FRANCISCO, United States (AFP) — Electric car maker Tesla on Wednesday reported a “historic” profitable quarter driven by demand for its Model 3 aimed at the mass market. Tesla said net income reached $311.5 million on revenue that more than doubled to $6.8 billion in the quarter that ended September 30. Shares in the company leapt 12 percent to $323.25 in after-market trades that followed release of the earnings figures for its fiscal third […]
HONG KONG, China (AFP) — Asian equities fell again Wednesday extending the previous day’s geopolitics-fuelled sell-off, with energy firms taking another battering in response to an oil market rout. Investors around the world are fleeing riskier assets such as stocks and high-yielding currencies in search of safety as wave of negative issues dominate the news. Stephen Innes, head of Asia-Pacific trading at OANDA, pointed to “a toxic geopolitical cocktail of nagging concerns” from Chinese growth, […]
WASHINGTON, United States (AFP) — Rebecca Witzofsky, a 20-year-old deaf student at Gallaudet University in Washington, and her hearing friend Nikolas Carapellatti wanted to get a coffee. But on Tuesday, Witzofsky finally didn’t have to struggle to make her order understood. US coffee giant Starbucks opened its first “signing store” in the United States in northeast Washington near the campus of Gallaudet, the world’s only university with an entire curriculum designed to accommodate the deaf […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index dropped 2.67 percent on Tuesday amid lingering worries over geopolitical risks and ahead of the corporate earnings report season. The Nikkei 225 index dropped 2.67 percent or 604.04 points to end at 22,010.78, while the broader Topix index lost 2.63 percent or 44.59 points to 1,650.72. “Geopolitical risks linked to the EU and the Middle East dragged down share prices, extending falls on New York’s Dow,” Okasan […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday as geopolitical risks pile up, from US tensions with Russia and Saudi Arabia, to trade issues and Italy’s budget stand-off with the European Union. Shanghai and Hong Kong saw deep losses, having soared over the previous two trading days after China’s top brass issued coordinated statements of support for the country’s markets and officials unveiled tax cut plans. The gains had provided some much-needed support […]
by Anuj Chopra Agence France Presse RIYADH, Saudi Arabia (AFP) — Saudi Arabia will host a key investment summit on Tuesday, overshadowed by the killing of critic Jamal Khashoggi that has prompted a wave of policymakers and corporate giants to withdraw. Just ahead of the three-day Future Investment Initiative (FII), dubbed “Davos in the desert”, the kingdom sought to defuse the crisis with an about-face admission on Saturday that the journalist died in its […]
(Eagle News) — The country’s inflation for the third quarter was recorded at an average of 6.2 percent which is higher than the previous quarter’s average of 4.8 percent, according to data released Friday, Oct. 19, by the Bangko Sentral ng Pilipinas. BSP Officer-in-Charge Maria Almasara Tuaño-Amador said in a press briefing in Manila that this has brought the inflation for this year to date at 5 percent. Dennis Bautista, officer-in-charge of BSP’s Economic […]
by Ryan MCMORROW Agence France Presse BEIJING, China (AFP) — China’s economy grew at its slowest pace in nine years in the third quarter, as a campaign to tackle mounting debt and trade frictions with the US had an effect. The world’s second largest economy expanded by 6.5 percent in the July-to-September period year-on-year, according to official GDP figures released Friday by China’s National Bureau of Statistics. The rate is down from 6.8 percent and […]
TOKYO, Japan (AFP) — Prices in Japan inched up by one percent in September, according to government data published Friday, as the world’s third-largest economy continues its years-long struggle with deflation. Inflation stood at one percent year-on-year in September, the first time it had reached that level since February, but still only halfway to the Bank of Japan’s two-percent target. The latest figure was in line with market consensus, and slightly higher than the 0.9 […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy’s controversial budget plans. “There are so many things the market is dealing with right now,” said Tom Cahill of Ventura Wealth Management. “People are on edge and […]
By Caesar Vallejos Eagle News Service European companies and Filipino businessmen engaged with the country’s top cabinet officials at the EU-Philippines Business Summit which was highlighted by discussions on Philippine competitiveness held at the Solaire Grand Ballroom last October 18, 2018. Organized by the EU-Philippines Business Network (EPBN), the forum carried the theme “Jointly Pursuing Competitiveness for Inclusive Growth”, which centered on how Philippine trade and investment regulations and policies impact to the creation […]
By Caesar Vallejos Eagle News Service The Philippines’ biggest business awards that recognize leadership excellence honored two of the country’s leading public and private figures as Lifetime Contributors of the Year: SM Investments Vice Chairman and BDO Chairman Teresita Sy-Coson and former Bangko Sentral ng Pilipinas Governor Amando Tetangco, Jr. Asia CEO Awards 2018 was held at the Marriott Hotel with the theme “Let’s Build this Country!” Tech changes In her acceptance speech, Tessie Sy-Coson […]
