Business

YouTube adds mobile video streaming for top talent

SAN FRANCISCO, United States (AFP) — YouTube on Tuesday began letting popular online video personalities broadcast on the go using mobile devices, ramping up a challenge to Facebook and Twitter in the live-streaming arena. Google-owned YouTube has supported live streaming of video through computers for about six years, even broadcasting US presidential debates online. The new mobile live streaming feature allows YouTube content creators whose channels have more than 10,000 subscribers to broadcast through apps […]

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Asia markets hurt by Trump, Europe concerns

HONG KONG, China (AFP) — Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump’s unpredictable presidency fuelling uncertainty. With investor nerves shredded by a succession of outbursts from the new US president, safe-haven assets rose. Gold pushed higher and while the yen eased from three-month highs against the dollar it continued to hold recent gains. The weakness across markets is in contrast to the two-month rally that followed Trump’s election […]

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US stocks drop with oil prices

NEW YORK, United States (AFP) — US stocks began a heavy week of earnings reports on a down note Monday, with a drop in oil prices sending leading oil producers lower. Wall Street stocks were in negative territory much of the day, following declines of one percent or more in Paris and Frankfurt and a modest drop in London. Petroleum-linked shares fell on Wall Street, as oil prices declined due to pressure from the stronger […]

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Expect power rate increase this month – Meralco

QUEZON City, Philippines (Eagle News) — Consumers should expect an increase in their electric bills this month due to the crude oil price hike. “Customers can expect even higher rates in coming months,” said Meralco in a statement. According to Meralco Utility Economics Head Lawrence Fernandez, the increase will particularly affect the generation charge. The price increase in the generation charge will be Php 0.42 centavos per kilowatt hour (kWh) to P8.82 per kWH. https://youtu.be/jKLxqE1Amh0

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Tokyo stocks open higher on US economic hopes

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with investor sentiment buoyed by solid US job gains and a move by President Donald Trump to roll back financial regulations. US non-farm payrolls for January came in above forecast at 227,000 new jobs on Friday, with hiring up in retail, construction and the financial sector, the Labor department said. Trump ordered a review of key reforms enacted after the 2008 financial crisis, in the first […]

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Trump moves to roll back financial regulation

by Andrew BEATTY Agence France-Presse WASHINGTON, United States (AFP) – President Donald Trump took the first step Friday to undoing key reforms enacted after the 2008 financial crisis, aiming to scale back toughened regulations on the banking industry. The initiative aims to scrap parts of the so-called Dodd-Frank law, which backers say is aimed at curbing the actions of the finance sector that led to the “Great Recession,” but which critics claim creates red tape […]

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China billionaire-linked stocks plunge in Shanghai

SHANGHAI, China (AFP) — Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents. Shanghai-listed companies controlled by Xiao’s Tomorrow Holding dropped by their daily limit on the first trading day after a week-long Chinese new year holiday. Chemical company Baotou Tomorrow Technology Co. sank five percent — the maximum allowed for companies at […]

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Tokyo stocks open higher before US jobs data

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday with the yen taking a breather as investors waited for key US jobs data later in the day. The closely watched monthly US employment report — the first under the Donald Trump presidency — was expected to show the world’s largest economy added 170,000 jobs in January, with unemployment rate holding steady at 4.7 percent. Analysts said investors remain anxious over uncertainty surrounding Trump’s policies and […]

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Ferrari boasts record year as prepares to turn 70

by Céline CORNU Ahence France Presse MILAN, Italy (AFP) — Italian luxury carmaker Ferrari said Thursday it had achieved record profits in 2016, bolstered by strong demand for its supercharged 488 sports cars, a fillip to the “prancing horse” firm as it prepares to turn 70. The company announced better than expected net profits soared 38 percent to 400 million euros ($430 million), 110 million up on 2015 and outstripping analysts’ forecasts of nearer 390 […]

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Eastern Petroleum implements P60 price hike on LPG

MANILA, Philippines (Eagle News) — The Eastern Petroleum on Wednesday implemented a hike in the price of liquefied petroleum gas (LPG). The oil company said it hiked the price of its cooking gas by P5.30 per kilogram or equivalent to P58.30 per 11-kilogram cylinder. Meanwhile, the Unioil Petroleum Philippines is set to implement its price adjustment by Php 3 for every liter of auto LPG. The price adjustment was due to the international contract price of LPG.

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Surge in electric cars may blindside big oil: report

by Marlowe HOOD Agence France Presse PARIS, France (AFP) — Oil companies underestimating the global market for electric vehicles could be caught unaware by weakened demand for petrol within a decade, analysts said Wednesday. Falling costs of electric cars and renewable technology may halt growth in oil demand from as early as 2020, they argued in a report. The current boom in electric vehicles is on track to displace two million barrels of oil per […]

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Facebook vows aggressive investment as earnings surge

by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future. In earnings that topped most forecasts, Facebook said it made a net profit of $3.7 billion on revenue of $8.6 billion in the fourth quarter, as compared with profit of $1.6 billion on […]

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