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The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]
HONGKONG, China (AFP) — The dollar slumped Thursday in the wake of dovish Federal Reserve minutes highlighting concern over inflation and crumbling corporate support for United States President Donald Trump. The greenback was back below 110 yen as safe haven assets were reinvigorated, with Asian equities treading water to broadly hold gains from a rally earlier in the week on easing tensions over North Korea. New York stocks finished higher despite developments in Washington, with […]
HONG KONG, China (AFP) — Calm returned to Asian markets Wednesday, with equities stabilizing after a two-day rally, as the dollar strengthened on encouraging United States economic data. Volatility eased as traders focused on the world economy and corporate earning figures after a week dominated by the dramatic increase in tensions over North Korea triggered a global sell-off before prices bounced back Monday. The greenback rose after official figures showed US consumers splurged in July, […]
NEW YORK, United States (AFP) — World stock markets mostly rose Tuesday, extending the previous day’s rally as fears receded over a potential clash between the United States and North Korea. Investors have cashed out of haven assets, like gold and the Japanese yen, and ploughed back into riskier assets like equities, with the US dollar also gaining ground. Asian stocks extended a relief rally into a second day, after Pyongyang appeared to put on […]
TOKYO, Japan (AFP) — Tokyo shares rebounded Tuesday morning after four days of losses as fears over a US-North Korea military conflict began to recede. Before the Japanese market opened, North Korean state media reported that leader Kim Jong-Un had been briefed on the plan to fire missiles toward the US Pacific territory of Guam, but hinted he would hold off on the provocative launch. That came after US Defence Secretary Jim Mattis and Secretary […]
SHANGHAI, China (AFP) — Facebook’s sneaky launch of a photo-sharing app in China, where its social network is banned, gives it a small taste of the massive market’s potential, but it may have to settle for just that for now. The United States tech giant acknowledged last week that it was behind the Colorful Balloons application, which is similar to its Moments app but omits any mention of Facebook’s brand name. Facebook has strived to […]
NEW YORK, United States (AFP) — Wall Street stocks finished solidly higher Monday, joining most global equity markets that gained on easing concerns about North Korea. Pentagon chief Jim Mattis and Secretary of State Rex Tillerson said in an opinion piece for The Wall Street Journal that the United States favors a diplomatic solution to the stand-off with Pyongyang, especially with help from China, though they stressed diplomacy is “backed by military options.” Investors […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Monday morning as lingering worries about the war of words between the United States and North Korea offset better-than-expected Japanese economic growth. The market headed south as investors returned from a three-day holiday weekend in Japan, after geopolitical tensions dented overseas markets on Friday. Central Intelligence Agency director Mike Pompeo tried to lower the temperature at the weekend, offering assurances there was “nothing imminent” in the escalating stand-off […]
DOHA, Qatar (Reuters) — Qatar’s recent move to grant visa-free entry for nationals of 80 countries is aimed at decreasing the impact of its diplomatic row with Saudi Arabia and other regional nations, said a researcher on Thursday. Brookings Doha Center researcher Adel Abdel Ghafar said the sanctions on Qatar following the rift have brought many negative impacts on the country’s economy. “First of all, in the financial system, in terms of the trading between […]
SAN FRANCISCO, United States (AFP) — Shares of Snapchat parent Snap sank to new lows on Thursday after the company reported a hefty quarterly loss and user growth which missed Wall Street expectations. Revenue at the California-based company more than doubled to $182 million while its loss soared to $443 million in the quarter that ended June 30, according to an earnings release. Snap reported a loss of $116 million in the same quarter last […]
TOKYO, Japan (AFP) — Tokyo stocks were flat Thursday morning after a sell-off the previous day sparked by fears over United States-North Korea tensions, while Japanese cosmetic giant Shiseido surged on upbeat earnings. Global markets tumbled Wednesday as US President Donald Trump and North Korean leader Kim Jong-Un ratcheted up their confrontational rhetoric, with the nuclear-armed North rolling out a plan to launch missiles towards the US Pacific territory of Guam. Trump had stunned the world […]
Protected from icy winds by the fjords, the Barents Sea does not freeze even though it is located beyond the Arctic Circle in northern Russia, making it an ideal spot to raise trout and Atlantic salmon. (AFP Video) https://youtu.be/ROIe84igs1o
