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LOS ANGELES, United States (AFP) — Disney announced Tuesday it will pay bonuses to 125,000 US employees and launch a new employee education program, joining other big companies in steering some funds from tax reform to employees. The two initiatives represent a total allocation of more than $175 million in this fiscal year, the entertainment giant announced in a statement. US hourly and non-executive salaried employees will receive a one-time $1,000 cash bonus in two […]
NEW YORK, United States (AFP) — Most stock markets around the world pushed higher Tuesday on investor relief over the end of the US government shutdown, dealers said. Leading bourses in Asia climbed more than one percent, while the S&P 500 and Nasdaq finished at records for the third straight day. “A resolution to the US government shutdown has helped boost Asian and European indices,” said IG analyst Joshua Mahony. “However, with a short-term solution in place, […]
(Eagle News) — National Economic and Development Authority (NEDA) Director General and Socioeconomic Planning Secretary Ernesto Pernia said on Tuesday that the Philippines was again one of the fastest-growing economies in Asia, only after China and Vietnam. Pernia made the announcement after the Philippine Statistics Office announced the Philippine economy hit a 6.6-percent growth rate in the last quarter of 2017. The PSA said this brought the overall growth of the country’s economy in 2017 to […]
The European Commission has said that Philippine exports to the European Union grew by over 21 percent since last year. In a statement, the head of the EU delegation Franz Jessen said that “an estimated PHP 120 billion worth of exports were benefiting from (General Scheme of Preferences) + trade preferences, especially in the food and agricultural sector.” “This makes the EU the Philippines’ second largest export partner, after Japan and before the US and […]
HONG KONG, China (AFP) — Tokyo and Hong Kong led another rally across Asian markets on Tuesday, extending a global advance at the start of 2018 with traders optimistic heading into the earnings season. While there were limited concerns about its likely economic impact, a deal in Washington that ended a US government shutdown also removed uncertainty and provided further support. Democrats on Monday agreed to a Republican deal that brought an end to the […]
NEW YORK, United States (AFP) — A deal to end a three-day government shutdown in Washington sent a jubilant Wall Street to a fresh set of records on Monday, as US stocks continued their seemingly irrepressible upward march. Most other global markets also rose but across the Atlantic results were mixed, with Paris and Frankfurt up while London sagged. Word of the bargain struck among lawmakers in Washington early Monday afternoon sent all three New […]
PARIS, France (AFP) — French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specializes in treatments for hemophilia and rare blood disorders, for $11.6 billion. Sanofi’s chief executive Olivier Brandicourt said the acquisition “enhances its presence in specialty care and leadership in rare diseases… and creates a platform for growth in other rare blood disorders.” The purchase should also translate into a boost in profits per […]
SAN FRANCISCO, United States (AFP) — Netflix shares raced higher in after-hours trade Monday as the streaming television giant reported better-than-expected gains in its global subscriber base and a quarterly profit that nearly tripled from a year ago. In its fourth quarter report, Netflix said it added 8.3 million new subscribers to bring its total paid membership base to 110.6 million. Net profit in the quarter surged to $186 million from $67 million a year earlier as […]
WASHINGTON, United States (AFP) – Facebook acknowledged Monday that widespread use of social media can be harmful to democracy, while pledging to work to minimize these risks. The world’s biggest social network’s comments were the latest response to persistent criticism for its role in allowing the spread of misinformation, reinforcing “filter bubbles” and facilitating harassment of dissidents and activists. “Now, we’re as determined as ever to fight the negative influences and ensure that our platform is unquestionably a source […]
By Caesar Vallejos Eagle News Service Under the theme, “Fostering CSR in the Philippines,” business organizations were encouraged to practise sustainability and corporate social responsibility in the Philippines in a conference held at the Makati Shangri-La, January 17. Sponsored by the Embassy of Sweden in Manila, the ASEAN CSR Network (ACN), and the League of Corporate Foundations (LCF), the conference provided a venue to understand current trends in CSR, inclusive, and responsible business in the […]
by John BIERS NEW YORK, United States (AFP) — Wall Street stocks pulled back from records and the dollar fell Thursday as anxiety over a possible US government shutdown weighed on investor sentiment. All three major US indices suffered declines, with the Dow dropping the most after ending above 26,000 for the first time on Wednesday. Analysts also cited lofty equity valuations and profit taking as factors in the dip. London slid on a rising […]
HONG KONG, China (AFP) — Hong Kong stocks ended Friday with further gains, bringing an end to a spectacular week for the benchmark index that has seen it push to new records. The Hang Seng Index climbed 0.41 percent, or 132.95 points, to finish at 32,254.89. The benchmark Shanghai Composite Index climbed 0.38 percent, or 13.11 points, to 3,487.86 — putting on 1.72 percent over the week. But the Shenzhen Composite Index, which tracks stocks […]
