Business

Brazil announces flood of privatizations

by Jorge Svartzman Agence France-Presse RIO DE JANEIRO, Brazil – A wave of privatizations announced by Brazil’s President Michel Temer has fired up the stock market with hopes of economic renewal, but critics fear an irresponsible fire sale. It’s an impressive list with 58 items ranging from the Congonhas aircraft terminal in Sao Paulo to big state-run energy utility Eletrobras and even the national mint, which produces banknotes and passports. Throw in Temer’s decree, also unveiled this week, […]

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Samsung eyes reset with new Galaxy Note

by Diane Desobeau and Glenn Chapman in San Francisco Agence France-Presse NEW YORK, United States –  Samsung on Wednesday unveiled a new model of its Galaxy Note as it seeks to leave behind the debacle over exploding batteries in the previous generation of the device, and mount a renewed challenge to Apple and its soon-to-come iPhone 8. Introducing the Note 8 “phablet” at an event in New York City, executives repeatedly thanked fans who had remained loyal […]

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Facebook losing teens to Instagram-Snapchat: forecast

by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Facebook use in the United States will slow as teens and young adults opt for smartphone image-sharing services Instagram and Snapchat, according to an eMarketer forecast released on Tuesday. The market tracker expected Facebook’s online community to grow, saying it would be due mainly to increased adoption by older folks while use by those 24 years of age or younger sags. “We see teens […]

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Asian markets mostly up with eyes on banker summit

HONG KONG, China (AFP) — Most Asian markets rose on Tuesday ahead of a closely watched meeting of central bankers later in the week, although there remain concerns about Donald Trump’s economic agenda and geopolitical crises. Equities have been struggling in recent weeks owing to the ongoing stand-off between the United States and North Korea, which has been compounded by Thursday’s terror attack in Barcelona. The US president’s woes have fuelled speculation he will struggle […]

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Lumalakas na online shopping, ramdam na ng mga retailer

(Eagle News) — Nararamdaman na ng mga retailer ang lumalakas na kompetisyon sa online shopping na dati’y hindi pinagtutuunan ng pansin. Aminado si Samie Lim, Chairman Emeritus ng Philippine Retailers Association na marami sa kanilang miyembro ang nagsabing nawawalan na sila ng customer dahil nalilipat na ang atensyon ng mga consumer sa online shopping. Anila, mas kumbinyente at iwas-traffic ang online shopping. Ayon kay Lim, talagang apektado sila sa patuloy na paglakas nito dahil nasa […]

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Global markets jittery as Trump fears persist

by Tom Barfield Agence France Presse NEW YORK, United States (AFP) — Global stock markets on Monday failed to recoup last week’s losses, as traders warily eyed geopolitical uncertainty. Wall Street equities treaded water while markets in Europe and Japan slid, suffering from lingering concern over President Donald Trump’s volatile administration and unclear prospects for achieving economic reform. Worries over Trump’s stalled economic agenda and upcoming high-stakes Washington fights had hurt global stocks on Friday, […]

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Johnson & Johnson ordered to pay $417 million in cancer lawsuit

LOS ANGELES, United States (AFP) — A California jury on Monday ordered drugmaker Johnson & Johnson to pay 417 million dollars to a woman who claimed she developed terminal ovarian cancer after using the company’s talc-based products. The case was one of thousands of lawsuits brought nationwide alleging the company failed to warn consumers of the risk of cancer from talc in its products. The jury made the award, which included 347 million dollars in […]

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Tokyo’s Nikkei falls to near four-month low

TOKYO, Japan (AFP) — Tokyo’s benchmark stock index fell to its lowest level in almost four months Monday on concerns about Donald Trump’s stalled economic agenda and as South Korea and the US kicked off annual war games that anger Pyongyang. Investors are fretting over the outlook for Trump’s plans on tax reform and other market-friendly measures, as his support from corporate America evaporated following a heavily criticized response to a white supremacist rally. “Uncertainty […]

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Asian markets start week cautiously

HONG KONG, China (AFP) — Asian traders moved cautiously Monday with turmoil in the White House fueling concerns about Donald Trump’s economic agenda, as a central bankers’ summit comes into view later in the week. While tensions over North Korea have eased, the deadly terror attack in Barcelona on Thursday is keeping focus on geopolitical issues. United States dealers provided a negative lead for their Asian counterparts, with all three main New York indexes ending […]

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Tokyo stocks open higher after falls on geopolitical risks

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday in position-adjustment after investors sold heavily Friday in the wake of Barcelona’s deadly attack and amid concerns over United States President Donald Trump’s economic agenda. The benchmark Nikkei 225 index gained 0.16 percent, or 30.37 points, to 19,500.78 in the first few minutes of trade while the Topix index of all first-section issues was up 0.19 percent, or 2.98 points, at 1,600.34. Global stock markets […]

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Wal-Mart profits fall as it ramps investment to fight Amazon

by John Biers Agence France-Presse Walmart updated investors Thursday on its latest new gadgets and time-saving pickup options to lure shoppers to stores and away from arch-rival Amazon. The good news? The company’s array of investments in e-commerce, store beautification, low prices and higher employee pay are indeed driving up store traffic. The bad news? Profits are down. Walmart US, the biggest division at Wal-Mart Stores, scored a 1.8 percent rise in comparable sales in […]

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US stocks tumble on Trump woes, Spain attack

NEW YORK, United States (AFP) — US stocks fell sharply on Thursday as a deadly attack in Spain added to existing unease over President Donald Trump’s agenda amid the latest controversy and the split with business leaders. Wall Street stocks were in the red all session, initially due to anxiety over rumors White House economic adviser Gary Cohn would resign due to unhappiness over Trump’s response to a violent rally by racist groups over the […]

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