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DUBLIN, Germany (AFP) — Ireland’s government on Tuesday said it was signing a deal with Apple for the US tech giant to pay 13 billion euros ($16 billion) in back taxes as ordered by the European Commission. The formal signature is expected later on Tuesday and the money will go into an escrow account, a type of third-party account used in transactions, the finance ministry said in a statement. The money is expected to be […]
HONG KONG, China (AFP) — The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia’s major markets edged up after recent losses. While the corporate earnings season is maintaining traders’ attention, the release on Friday of US economic growth data is a key marker with a strong reading likely to reinforce opinions that borrowing […]
WASHINGTON, United States — Payments from immigrants back to their home countries, including the Philippines, rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances — payments that are key to supporting the economies of many poor countries — was driven by growth in Europe, Russia and the United States, the World Bank said in a report. The bank estimates that […]
(Eagle News) – The second package of the Tax Reform for Acceleration and Inclusion (TRAIN) will lower the corporate income tax paid by some 95 percent of businesses, and retain and provide new fiscal incentives for deserving recipients. Finance Assistant Secretary Paola Alvarez announced this as she clarified that the fiscal incentives under Package 2 of TRAIN will be given to those who contributed to national development and helped generate pro-poor investments and jobs. Under […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday with technology firms extending last week’s sharp losses, following another plunge in Apple as investors fret over the once-lucrative smartphone sector. News Saturday that North Korean leader Kim Jong Un had called a halt to nuclear tests and intercontinental missile launches — ahead of a planned summit with Donald Trump — was unable to provide enough support. With attention now turning to earnings from […]
FRANKFURT AM MAIN, Germany (AFP) — Germany’s biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros ($34 billion) in a routine operation, more than the entire bank is worth. The unprecedented mistake happened on March 16 when Deutsche Bank carried out a transfer to an account at Deutsche Boerse’s Eurex clearing house, a spokesman told AFP. The operation was meant to involve a far smaller sum, which […]
(Eagle News) — Maglulunsad ang Bangko Sentral ng Pilipinas (BSP) ng nationwide information campaign upang maituro sa publiko ang bagong disenyo ng barya. Sagot ito ng ahensya matapos bumuhos ang mga reklamo dahil sa new generation coin series. Normal lang umano ito lalo na kung may ipinapakilalang bago sa sistema at naiintindihan nila ito. Tiwala ang BSP na hindi magtatagal ay masasanay na ang mga Pilipino sa mga bagong barya na nasa sirkulasyon.
BANGKOK, Thailand (AFP) — E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed on Thursday, joining a global race to shape the future of driving. Despite fresh safety fears after a woman was hit and killed by a self-driving Uber vehicle in the US last month, many tech giants like Google as well as automakers are accelerating plans in an industry attracting billions of dollars. The competition is heating […]
HONG KONG, China (AFP) — Asian markets enjoyed another day of gains Thursday as energy firms tracked a surge in oil prices, while fears over Syria and a possible China-US trade war eased. Fresh hopes that Donald Trump and North Korea’s leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism. Both main crude futures rallied almost three percent Wednesday on the back of data showing a drop in […]
(Agence France Presse) — Boxing icon Manny Pacquiao said Wednesday he would launch a cryptocurrency to connect with fans, but also backed the regulation of virtual currencies. Pacquiao, one of the world’s most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen. The Singapore-based Global Crypto Offering Exchange (GCOX), in which Pacquiao has invested, said it would unveil the “PAC Token” later this year, […]
by Ali Bekhtaoui Agence France Presse NEW YORK, United States (AFP) — The crowds have thinned somewhat at Bitcoin Center, leaving just the true believers in the volatile cryptocurrency. “Two months ago we couldn’t breathe here” due to the throngs, recalled Nick Spanos, founder of the trading and educational hub in lower Manhattan. “People outside couldn’t get inside.” The center, which was set up in December 2013, calls itself a one-of-a-kind epicenter for all things […]
HONG KONG, China (AFP) — Asian markets climbed Wednesday following a rally on Wall Street as easing trade and Syria concerns allowed investors to concentrate on earnings and upbeat data, while fresh news on US-North Korea talks also provided support. New York provided a strong lead, with all three main indexes posting healthy gains on the back of better-than-expected reports from heavyweights including Netflix, Goldman Sachs, and Johnson & Johnson. Adding to the upbeat sentiment […]
