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HONG KONG, China (AFP) — A wave of optimism flowed across Asian markets on Tuesday, tracking a surge on Wall Street, as fears of a US-China trade war receded. Speculation that Kim Jong Un was on a surprise, secret visit to Beijing also lifted spirits — and the South Korean won — as the North Korean leader prepares for possible nuclear talks with Donald Trump. The gains on all markets chipped away at the sharp […]
Suggests transforming OFW bank into “virtual bank” with zero physical branches (Eagle News) – Finance Secretary Carlos Dominguez said he has coordinated with the Bangko Sentral ng Pilipinas so it could “check” all its regulations that “stymie the growth of electronic commerce in the country.” In a statement on Monday, Dominguez revealed he made the coordination with BSP Deputy Governor Maria Almasara Cyd Amado, as he gave a push for the use of digital technology […]
SAN FRANCISCO, United States (AFP) — Twitter on Monday announced a ban on ads for initial offerings of cryptocurrency or sales of virtual currency tokens, sending the value of bitcoin diving below $8,000. Twitter followed the lead of Google and Facebook, which earlier this year cracked down on digital currency ads to protect users from being duped. “We are committed to ensuring the safety of the Twitter community,” Twitter said in a statement. “As such, […]
TAIPEI, Taiwan (AFP) — Taiwan’s struggling smartphone maker HTC posted its worst-ever quarterly loss on Monday, but said it expects a boost from the $1.1 billion deal with Google sealed earlier this year. The deal, completed in January, saw Google buy part of HTC’s smartphone business as the US giant looks to take greater control of its hardware business. HTC has suffered consecutive losses due to stiff competition in the smartphone sector from Apple, […]
(Eagle News) — The Bangko Sentral ng Pilipinas on Monday released a teaser video on the New Generation Currency Coin Series. The video posted on the BSP’s Facebook account showed the physical appearances of the P1, P5, and P10 coins. The P10 coin features hero Apolinario Mabini and at the back, the kapa-kapa plant. The BSP said the coin was also “milled with edge lettering.” The P5 coin, the BSP said, features Andres Bonifacio and at […]
HONG KONG, China (AFP) — Asian markets extended last week’s worldwide plunge as investors fret that Donald Trump’s controversial tariffs on $60 billion of Chinese goods will spark a trade war that would hammer the global economy. The US move to impose levies, claiming China is breaching intellectual property rights, sparked a rout of equities across the world, while China warned it was “not afraid of a trade war”. US Treasury Secretary Steve Mnuchin said […]
HONG KONG, China (AFP) — Asian markets plunged Friday following a sell-off in New York as Donald Trump sparked fresh trade war fears by imposing huge tariffs on Chinese imports and Beijing unveiled its own measures against US goods. The president announced levies on up to $60 billion of imports from China for what he describes as the “theft” of American intellectual property, fuelling speculation that a strong recovery in the world economy could be […]
NEW YORK, United States (AFP) — Nike shares surged in after-hours trading Thursday after it reported a jump in quarterly sales and signaled improving market conditions in North America. The US sports apparel and sneaker giant, which has been plagued in its home market recently by an inventory glut and aggressive product introductions by Adidas, Under Armour and others, highlighted improving industry conditions. “As we close (the third quarter), we now see a significant reversal […]
by Glenn Chapman / with Robin Millard in London Agence France-Presse SAN FRANCISCO, United States – A public apology by Facebook chief Mark Zuckerberg failed Thursday to quell outrage over the hijacking of personal data from millions of people, as critics demanded that the social media giant go much further to protect user privacy. Speaking out for the first time about the harvesting of Facebook user data by a British firm linked to Donald Trump’s […]
HONG KONG, China (AFP) — Most Asia markets rose on Thursday and the dollar extended losses after the Federal Reserve stuck to its target for interest rate hikes this year, soothing concerns it would embark on a quicker pace. After one of the most anticipated meetings in recent months, the central bank lifted borrowing costs as expected to a decade high but indicated just two more over the rest of the year, confounding forecasts of […]
SAN FRANCISCO, United States (AFP) — Tesla chief Elon Musk will only get paid if the company’s stock soars — but could cash-in to the tune of more than $50 billion if it does, according to a plan approved by shareholders Wednesday. A Tesla spokesperson confirmed that shareholders voted to approve the proposal for a 10-year performance stock award “entirely contingent on achieving market cap and operational milestones that would make Tesla one of the […]
HONG KONG, China (AFP) — Asian markets rallied on Wednesday, with energy firms boosted by a rush into oil after data indicated a jump in US demand and OPEC provided an optimistic outlook for supplies. The across-the-board gains come as investors await the conclusion of a crucial Federal Reserve policy meeting later in the day, which they hope will provide some clarity on its interest rate plans over the rest of the year. Worries that […]
