Business

Japan’s factory output rises 4.0 percent in April: govt

TOKYO, Japan (AFP) — Japanese factory output rose 4.0 percent in April from the previous month, official figures showed Wednesday, bolstering data indicating the world’s third-largest economy is finally seeing moderate expansion. However, the figure was slightly down on market expectations of a 4.2 percent rise and came a day after data showed consumer demand remains weak despite years of government efforts to boost spending. The positive reading comes after it factory output fell 1.9 percent […]

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Vanguard establishes first subsidiary on Chinese mainland

BEIJING, China (Reuters) – Vanguard, the world’s biggest mutual fund, launched its first wholly-owned subsidiary on the Chinese mainland last week. The group’s chairman and chief executive officer William McNabb III said the move was aimed at a greater penetration of the Chinese market. Headquartered in Shanghai, the subsidiary will conduct business ranging from investment management, research to consultation in China. McNabb said they tend to achieve two things with the new company. One is […]

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Tokyo shares slip by noon

TOKYO, Japan (AFP) — Tokyo shares slipped Tuesday morning with few concrete trading cues, as investors eye a widening scandal over possible ties between Russia and US President Donald Trump’s associates. The benchmark Nikkei 225 index fell 0.54 percent, or 106.38 points, to end the morning session at 19,576.19, while the broader Topix index of all first-section shares retreated 0.44 percent, to 6.98 points, to 1,563.23. © Agence France-Presse

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Spotify agrees to fund to settle copyright suits

by Shaun Tandon Agence France-Presse NEW YORK, United States – Music streaming leader Spotify has agreed to set up a $43.45 million fund to settle a potentially costly pair of United States copyright lawsuits from artists, lawyers said Monday. The move marks the latest effort by the Swedish company to turn the page on messy disputes as it considers a public listing amid the soaring growth of streaming. The settlement would end lawsuits spearheaded by […]

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Asian markets brush off North Korean missile launch

TOKYO, Japan (AFP) — Stock markets in Japan and South Korea rose Monday morning as investors brushed off Pyongyang’s missile launch, and after record gains on overseas bourses. The short-range projectile flew for several minutes before landing in the Sea of Japan (East Sea) — the latest in a series of launches that have ratcheted up tensions over the North’s bid to develop weapons capable of hitting the United States. The political reaction in Asia […]

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Tokyo stocks flat after North Korea missile launch

TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday after North Korea’s latest missile launch. The benchmark Nikkei 225 index was up 0.05 percent, or 10.34 points, to 19,697.18 at the start, while the Topix index of all first-section issues edged up 0.04 percent, or 0.70 points, to 1,570.12. © Agence France-Presse

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Asian energy firms sink as OPEC output deal disappoints

HONG KONG, China (AFP) — Energy firms took a hit on Friday after crude prices plunged almost five percent the previous day as traders were left disappointed by the Organization of Petroleum Exporting Countries latest output cuts. Keenly awaited talks between the bloc and Russia ended Thursday with news that a deal to reduce output for six months until the end of June would be increased by another nine months in a bid to address an […]

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Oil producers extend output cuts into 2018

by Simon Sturdee and Joseph Sotinel Agence France Presse VIENNA, Austria (AFP) — Oil producers within and outside the Organization of Petroleum Exporting Countries agreed on Thursday to extend output cuts into 2018 to ease a global supply glut and support the price of crude. Market prices for oil fell, however, because of disappointment that there was no decision to deepen the cuts in the face of rising United States output, but also in profit-taking following […]

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Wall Street forges higher despite oil market’s glum mood

NEW YORK, United States (AFP) — Buoyant trading in New York saw Wall Street set fresh records on Thursday, with United States stocks recording their sixth consecutive positive finish. European markets were mainly in negative territory, however, and oil shares suffered on investor disappointment following an Organization of Petroleum Exporting Countries decision not to deepen cuts in crude output or prolong them past March of next year. Oil futures nose-dived by about $2.50 in New […]

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Chinese mainland welcomes Taiwan participation in Belt and Road Initiative

BEIJING, China (Reuters) – The Chinese mainland welcomes participation by Taiwan in the Belt and Road construction to share development opportunities, a mainland spokesperson told a press briefing on Thursday in Beijing. Spokesperson for State Council Taiwan Affairs Office An Fengshan, said that the cross-Strait communication and negotiation mechanisms have been broken off because of the Democratic Progressive Party’s refusal to recognize the 1992 Consensus. The mainland, however, still expects and welcomes the participation of Taiwan […]

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Facebook aims for broad views in ‘trending topics’ tweak

WASHINGTON, United States (AFP) — Facebook on Wednesday unveiled its latest redesign to its “trending topics” feature — its latest move to give users a variety of sources on important news events. The huge social network — which has faced criticism for creating “filter bubbles” that reinforce the views of users, and has been accused of bias in selecting its news sources — said the new design will offer a “carousel” with a variety of […]

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BPM

Growth in Health Information Management Systems sector impacts BPM

The global health information management systems (HIMS) services market is expected to grow from USD 33.4 billion in 2015 to USD 59 billion in 2022 at a compound annual growth rate of 8.5%. “This was the opportunity we wanted to capitalize on when we decided to acquire SPi Healthcare,” said ADEC Innovations CEO James Donovan during their recent Signing Ceremony with SPi Global at The Palms Country Club in Alabang. This projection for the HIMS […]

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