Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
ZURICH, Switzerland (AFP) — Exports of Swiss watches ticked ahead nearly 14 percent in April, trade figures showed Tuesday, aided by strong demand from prime market Hong Kong. “After a relatively calm March, growth moved ahead strongly in April,” the Federation of the Swiss Watch Industry said, noting exports for the first four months of the year rose 11 percent on the same period of 2017 to 6.7 billion Swiss francs (5.8 billion euros, $6.75 […]
HONG KONG, China (AFP) — Hong Kong stocks fell on Tuesday with traders spooked by plunging oil prices and a brewing political crisis in Italy, as they also look ahead to the release of key US jobs data later in the week. The Hang Seng Index sank 1.00 percent, or 307.68 points, to 30,484.58. The benchmark Shanghai Composite Index gave up 0.47 percent, or 14.62 points, to 3,120.46 and the Shenzhen Composite Index, which tracks […]
HONG KONG, China (AFP) — Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signaled they could lift output, while indications Donald Trump’s summit with Kim Jong Un could be back on provided support to equity markets. Both main contracts tanked on Friday after Saudi oil minister Khaled al-Faleh said his country could open the taps wider in the second half of the year to ensure against any supply shocks. […]
NEW YORK, United States (AFP) — Global oil prices fell Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea. Saudi oil minister Khaled al-Faleh said at an economic conference in Russia that a gradual output increase could happen in the second half of the year to prevent […]
WASHINGTON, United States (AFP) – The White House says it has reached a deal with Chinese telecoms giant ZTE that would lift crippling sanctions slapped on the company, The New York Times reported Friday. The news comes as the US prepares to send a trade delegation back to Beijing next week to continue talks aimed at defusing a potentially serious trade dispute with China, after the countries exchanged huge tit-for-tat threats on imports. The reported […]
HONG KONG, China (AFP) — Hong Kong stocks ended the week with losses on lingering China-US trade worries with traders also fretting over Donald Trump’s decision to call off his summit with North Korea’s Kim Jong Un. The Hang Seng Index fell 0.56 percent, or 172.37 points, to 30,588.04. The benchmark Shanghai Composite Index slipped 0.42 percent, or 13.35 points, to 3,141.30 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped […]
Asian markets mostly fell on Friday as Donald Trump shocked the world by pulling out of next month’s historic summit with Kim Jong Un, though analysts said the losses were tempered by hopes the talks can be rekindled. Traders had already been nervous in recent days after the US president warned he could pull out of the June 12 meeting with the North Korean leader, while also voicing his displeasure at a deal to […]
San José, United States (AFP) — A federal court jury on Thursday ordered Samsung to pay Apple $533 million for copying iPhone design features in a patent case dating back seven years. Jurors tacked on an additional $5 million in damages for a pair of patented functions. The award appeared to be a bit of a victory for Apple, which had argued in court that design was essential to the iPhone. The case was keenly watched as […]
HONG KONG, China (AFP) — Asian markets mostly rose Thursday but traders remain concerned about the China-US trade deal and Donald Trump’s summit with Kim Jong Un, while automakers were hit by news Washington was considering huge tariffs on vehicle imports. Investors went into selling mode despite minutes from the Federal Reserve’s latest policy meeting that showed the central bank was less hawkish on interest rates than previously thought. The selling is a far cry […]
WASHINGTON, United States (AFP) — US President Donald Trump said Tuesday that as a favor to China his administration was considering a fresh set of penalties on embattled Chinese company ZTE to replace crippling sanctions imposed last month that threatened to put the firm out of business. ZTE could face a new fine of as much as $1.3 billion as well as a management shakeup and strict new rules, Trump told reporters at the White […]
(Eagle News) — Finance Secretary Carlos Dominguez III has called on lawmakers to proceed with approving the Duterte administration’s proposed reforms on corporate taxation and the modernization of investment incentives, which comprise the government’s second tax reform package. In pushing for the passage of the next phase of the tax reform law, Dominguez said that TRAIN had been “unfairly blamed for the elevated inflation rate.” He said the impact on prices of the first […]
by Kyoko Hasegawa and Miwa Suzuki Agence France Presse TOKYO, Japan (AFP) — Japanese entertainment giant Sony Tuesday announced a $1.9-billion deal to acquire EMI Music Publishing, one of the world’s largest music publishing companies with rights to songs by the likes of Queen and Pharrell Williams. The deal adds a catalog of more than two million songs — including some of the greatest hits from the first half of the 20th century — to […]
