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by Albee Zhang with John Biers in New York Agence France-Presse SHANGHAI, China (AFP) — China on Wednesday hailed the acceptance of its stocks in a leading United States-based index of emerging market shares as a signal of confidence in the Asian power’s economy after three previous rejections. The Shanghai and Shenzhen stock markets opened higher after New York’s MSCI agreed to include 222 large capitalization Chinese stocks in its MSCI Emerging Markets Index, representing […]
Cebu remains to be the largest and most practical choice for knowledge process outsourcing (KPO) firms looking for viable locations outside Manila due to its diverse and skilled labor pool, according to Colliers International. KPO companies offer higher value outsourcing services such as medical transcription (health information management), software engineering, and finance and accounting. In Cebu, “dominant driver is still labor pool,” Joey Bondoc, Research Manager of Colliers International said. The share of KPO […]
by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Britain’s economy will slow in the coming years, the CBI business lobby warned Tuesday, blaming domestic political turmoil — and the impact of Brexit one day after EU divorce talks began. The economy will expand by 1.6 percent this year before slowing to 1.4 percent in 2018, according to upgraded forecasts from the Confederation of British Industry, after 1.8-percent growth in 2016. The CBI, […]
WASHINGTON, United States (AFP) – Google is stepping up its efforts to block “extremist and terrorism-related videos” over its platforms, using a combination of technology and human monitors. The measures announced Sunday come on the heels of similar efforts unveiled by Facebook last week, and follow a call by the Group of Seven leaders last month for the online giants to do more to curb online extremist content. “While we and others have worked for […]
TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, tracking a record close for the Dow on Wall Street, with exporters boosted by a weaker yen as data showed Japan saw a surprise trade deficit in May. The benchmark Nikkei 225 index gained 0.60 percent, or 118.93 points, to 20,062.19 by the break while the Topix index of all first-section issues was up 0.61 percent, or 9.69 points, at 1,605.73. Japan logged a surprise deficit […]
by Catherine Boitard Agence France-Presse ATHENS, Greece – As Greece’s government Friday welcomed a long-delayed bailout agreement, analysts warned the deal throws responsibility back on the struggling country to pull itself out of crisis. Greek Prime Minister Alexis Tsipras said the agreement — hammered out by the International Monetary Fund (IMF) and eurozone finance ministers — opens the way to a “final exit to the crisis.” Reached Thursday, the deal averted another summer of Greek […]
LAUSANNE, Switzerland (AFP) — McDonald’s has ended its longtime Olympic sponsorship dating back to 1976, the International Olympic Committee announced on Friday. The United States fastfood giant has supported the Olympics since the Montreal Games and although the split takes place with immediate effect, they will continue to be a sponsor at the 2018 Winter Games in Pyeongchang. “The IOC and McDonald’s have announced that they have mutually agreed to bring their worldwide partnership to […]
TOKYO, Japan (AFP) — Tokyo stocks rose Friday as the benchmark index snapped a four-day losing streak, while trading in Takata was suspended on news the embattled airbag maker is headed for bankruptcy protection. The Nikkei 225 added 0.56 percent, or 111.44 points, to close at 19,943.26, while the broader Topix index of all first-section issues gained 0.50 percent, or 7.95 points, to finish at 1,596.04. © Agence France-Presse
Urges clients to report “unauthorized transactions” in their accounts (Eagle News) — Banco de Oro on Friday said it had received reports of “potentially compromised” automated teller machines, urging its clients to contact their branches if they discovered unauthorized transactions in their accounts. “Customers with unauthorized transactions may reach out to the bank via formal channels so that their cases may be properly investigated and, where confirmed as impacted, may be reimbursed,” BDO said. The statement, however, […]
TOKYO, Japan (AFP) — Japan’s scandal-hit airbag maker Takata is expected to file for bankruptcy protection as early as this month as it prepares to sell its assets to a United States company, a report said Friday. Takata will make a formal decision about the bankruptcy filing at its board meeting this month, the leading business daily Nikkei reported, without citing sources. American autoparts maker Key Safety Systems, owned by China’s Ningbo Joyson Electronic, will […]
HONG KONG, China (AFP) — Asian markets mostly rose on Friday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in United States and British interest rates. Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices. But they shifted back into buying mode in […]
TOKYO, Japan (AFP) — Tokyo stocks drifted lower Thursday morning, despite another record close on Wall Street after the Fed decided to hike interest rates, as a pick up in the yen hit electronics firms. The benchmark Nikkei 225 index fell 0.43 percent, or 86.06 points, to 19,797.46 by the lunch break while the Topix index of all first-section issues lost 0.40 percent, or 6.42 points, to end the morning at 1,585.35. © Agence France-Presse
