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by John Biers Agence France Presse NEW YORK, United States (AFP) — US and European stocks won modest gains Thursday, while the dollar pulled back with some analysts pointing to ebbing optimism about Washington’s ability to enact a tax cut. Wall Street scored significant gains Wednesday after the outline of President Donald Trump’s long-awaited tax cut was finally released. The proposal would cut the corporate tax rate from 35 percent to 20 percent as part […]
(Eagle News) — Philippine Airlines on Thursday said it would “continue to cooperate with any and all agencies to resolve” issues in relation to what the government said were its unpaid navigational charges. In a statement, PAL said the “issue…involves complex legal issues which PAL has been trying to thresh out with the (Civil Aviation Authority of the Philippines) for years.” PAL said it was CAAP which, in August 2016, “sent letters to the company […]
TOKYO, Japan (AFP) – Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles. The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources. Joint research — sharing cost, engineers and knowledge — is necessary to meet increasingly […]
NEW YORK, USA (Reuters) — Microsoft Corp Chief Executive Officer Satya Nadella said on Wednesday (September 27) the company’s search engine, Bing, will focus on expanding in the PC search market after losing its deal with Apple Inc’s voice assistant Siri. “Bing…is a big business growing at a strong double-digit rate, and we see a significant opportunity for us, even on the PC side,” Nadella said at a Reuters newsmaker event in New York. Earlier this […]
HONG KONG, China (AFP) — Most Asian markets edged up Wednesday and the dollar extended gains against its peers on expectations of further interest rate rises, while traders await the release of Donald Trump’s tax reform plan. While shares were broadly in positive territory, US-North Korea tensions continue to jangle nerves and keep investors from buying with any conviction. Hong Kong added 0.5 percent, while Shanghai edged up 0.1 percent and Singapore gained 0.8 percent. […]
by Julie Chabanas and Adam Plowright Agence France-Presse PARIS, France (AFP) — The maker of France’s TGV trains announced Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion. The state-controlled Alstom, the manufacturer of French high-speed trains, which are a source of national pride, called the tie-up with its German competitor “a key moment in Alstom’s history, confirming its position […]
GENEVA, Switzerland (Reuters) — Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum (WEF) said in its annual ranking on Tuesday (September 26). Since suffering a rare blip in 2008, when it was nudged into second place by the United States, the Swiss economy has maintained an efficient but unshakable grip on the top spot. The World Economic Forum, the same organization that runs the Davos meeting […]
TOKYO, Japan (AFP) — Tokyo stocks opened slightly lower Tuesday on a stronger yen as investors snapped up the safe haven currency following the latest flare-up between Washington and North Korea. The bellwether Nikkei 225 index fell 0.22 percent, or 43.99 points, to 20,353.59 in early trade, while the broader Topix index was down 0.08 percent, or 1.30 points, at 1,671.52. Okasan Online Securities said in a commentary that Japanese shares were following Wall Street […]
by Ben Perry Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly fell Monday and the euro tumbled on unease over the German election outcome and the increasingly hostile war of words between Washington and Pyongyang over North Korea’s nuclear program. Investors worried about looming political infighting in Germany after an election that won Angela Merkel a fourth term as chancellor, but also gave a hard-right opposition party parliamentary seats for the […]
ZURICH, Switzerland (AFP) — Swiss-Swedish engineering group ABB agreed Monday to buy General Electrics’ industrial solutions unit for $2.6 billion euros (2.1 billion euros) in a move to boost its business in the United States. “GE’s global electrification solutions business, GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market,” ABB said in a statement. GE Industrial Solutions is […]
The 2017 Asia CEO Awards, the roundtable of Asia’s industry movers and shakers, has shortlisted its official nominees. One of the categories, the ADEC Innovations Green Company of the Year award, shall go to the most deserving company for the fourth time on October 17, 2017, at the Marriott Grand Ballroom. The organization that exemplifies strong leadership and commitment in sustainability and environmental protection shall be given the award and will join the ranks of […]
BEIJING, China (AFP) — China on Friday lashed out at the decision by Standard & Poor’s to downgrade the country’s credit rating, calling the warning against ballooning debt “mistaken” and based on “cliches” about its economy. The agency slashed China from AA-minus to A-plus on Thursday, a move that followed a similar decision in May by Moody’s stemming from concerns that the world’s second largest economy is increasingly overleveraged. “Standard & Poor’s downgrade of China’s […]
