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LONDON, United Kingdom (AFP) – HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump’s economic policies. The London-headquartered bank with a focus on Asia said net profit tumbled to $1.29 billion (1.22 billion euros) in 2016, down 90 percent on a year earlier. Profit before tax stood at $7.1 billion, down 62 percent after HSBC slashed the value of its […]
LONDON, United States (AFP) — United States tech and retail giant Amazon on Monday said it would create 5,000 British jobs this year, in a show of confidence in the United Kingdom economy ahead of Brexit. “Amazon UK today announced plans to create more than 5,000 full-time jobs this year, taking the company’s total UK workforce to over 24,000,” a statement said. “These new job opportunities are for people with all types of experience, education and […]
HONGKONG, China (AFP) — Tokyo stocks fell Monday despite a strong lead from Wall Street last week, as the yen’s ongoing resilience weighed on the market and Japan’s exports rose less than predicted. Shares in Hong Kong and China both posted modest early increases with trading in Asia expected to be muted ahead of the US Presidents’ Day national holiday. Wall Street had edged up to new records Friday as consumer products stocks gained on Kraft […]
WASHINGTON, United States (AFP) — Google announced Thursday it was launching voice-activated shopping from its artificial intelligence-powered Home speaker, in a direct challenge to Amazon’s Alexa devices. Users can simply tell the speaker to order items — diapers, paper towels, or trash bags, for example, and get delivery from any of dozens of participating retailers. “If picking up paper towels or stocking up on coffee is on your list, consider it done,” said Google Assistant […]
SEOUL, South Korea (AFP) — The axe finally fell on South Korea’s once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt. Hanjin filed for bankruptcy protection in August owing $5.37 billion as creditors refused to bail it out, with dozens of its vessels stranded outside around the world as they were refused entry to ports. An accounting firm hired […]
LA TRINIDAD, Benguet, Feb. 17 (PIA) — The state weather bureau PAGASA has been recording a drop of temperature due to the Amihan the past days which caused some vegetable-producing towns in the province to experience frost locally termed as “andap.” Atok Mayor Peter Alos and Mankayan Mayor Materno Luspian clarified that the reported occurrence of frost in their municipalities has no effect on the supply and prices of vegetables. Alos said there were reports […]
MANILA, Philippines (Eagle News) — Ibinabala ng Chamber of Mines of the Philippines (COMP) na posibleng bumagsak ng hanggang limampung porsyento (50%) ang halaga ng produksyon ng metallic mineral ngayong taon. Ayon kay Ronald Recidoro, Vice President for Legal and Policy ng COMP, ito’y bunsod ng pagsasara at pagkaka-suspinde ng operasyon ng tinatayang dalawampu’t walong (28) mining companies sa bansa. Giit ni Recidoro, itinuturing ang nickel bilang “best performer” kaya’t maaaring maapektuhan ang metallic minerals […]
SAN FRANCISCO, United States (AFP) — Facebook founder Mark Zuckerberg on Thursday offered a vision for the social network as a force in building a “global community,” as more people become disillusioned with troubled political institutions. In a wide-ranging post of nearly 6,000 words, Zuckerberg said Facebook can play a role in bringing people together as they face fractious politics and anti-globalization sentiment. The essay — released without warning and instantly called a “manifesto” by […]
TOKYO, Japan (AFP) — Tokyo stocks fell Thursday morning as profit-taking and a stronger yen overshadowed a fifth successive record close on Wall Street. New York’s three main indexes pressed on with their surge after figures showed US inflation hit a four-year high in January, fuelling bets on an interest rate hike soon. US equities have soared since President Donald Trump last week vowed to release details of his promised tax cut plan within two […]
NEW YORK, United States (AFP) — Wall Street stocks pushed to fresh highs for the fifth day in a row Wednesday, giving a boost to most international equity markets on continued optimism about US economic prospects. US stocks have been on a tear since last week when President Donald Trump vowed to release details of his promised tax cut plan within two to three weeks. On Wednesday, Trump reiterated that he would soon release specifics […]
TOKYO, Japan (Reuters) — Toyota said Wednesday it is recalling all the Mirai fuel-cell vehicles it has sold globally due to a software glitch that can shut off its hydrogen-powered system. The auto giant said it would call back about 2,800 Mirai vehicles made between November 2014 and December 2016 to repair the defect. Toyota launched Mirai — which means “future” in Japanese — in late 2014 as it looked to push further into the fast-growing […]
TOKYO, Japan (Reuters) — Japan’s benchmark Nikkei stock average opened at 19438.81 on Wednesday (February 15) up 1.04 percent from the close the day before as Wall Street set record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs. Yellen said on Tuesday that the Fed will probably need to raise interest rates at an upcoming meeting in March, […]
