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CCTV – China’s foreign trade has been picking up steadily in 2016, data from China’s General Administration of Customs (GAC) shows. GAC statistics shows that China’s foreign trade dropped 8.1 percent and 1 percent in the first quarter and the second quarter respectively, while the figure increased 0.6 percent in the third quarter and kept picking up in the last quarter. “China’s import and export has been picking up quarter by quarter. The total amount of […]
HONG KONG, China (AFP) — Tokyo followed Wall Street lower Thursday and oil edged down from recent highs as Toshiba’s stock plunged for the third straight day. The Dow receded after nearing the historic 20,000 benchmark with shares of some banks falling more than one percent after the stock prices had won outsized gains in the rally seen since US election day. Tokyo saw the biggest fall in Asia-Pacific Thursday with Japanese stocks down one […]
TAGUIG CITY, Dec. 28 – MANILA ELECTRIC Co. (Meralco) has energized 26,321 households as of mid-December, a figure which includes the 2,661 service areas identified by the Energy department where marginalized customers badly needed electricity. Meralco said since July 8, it had brought electricity to 1,246 homes in Gaya-gaya in San Jose del Monte, Bulacan. In Manila, the distribution utility energized seven households in Isla Puting Bato, 443 in Happyland/Aroma, 621 in Parola, and 258 in […]
PANAMA CITY, Panama (AFP) — Panama’s government on Tuesday said it was barring the Brazilian construction giant Odebrecht from future public tenders after the US Justice Department accused the company of bribes to secure business in Latin America. In a statement read by the minister of the presidency, Alvaro Aleman, the government said it has decided to “adopt the actions necessary to prohibit the Odebrecht Group being awarded and attributed any future contract from public […]
TOKYO, Japan (AFP) — Shares in Toshiba dived more than 10 percent Tuesday on reports it is likely to record a huge special loss related to a US subsidiary’s acquisition of a nuclear power service company. Toshiba shares traded 10.4 percent lower at 397.10 yen in morning trading, paring an earlier loss of as much as 16.3 percent. The company is expected to report a roughly 100 billion yen ($850 million) one-time loss for the […]
German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country’s quality regulator and the company. Some 168,861 imported cars produced between December 2005 and December 2011, and 24,750 vehicles produced locally between July 2005 and December 2011 will be recalled, according to a statement posted Friday on the official website of China’s General Administration of Quality Supervision, Inspection and Quarantine (ASDIQ). Gas generators in the […]
QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.
QUEZON City, Philippines – Due to the continuous economic growth experienced by the Philippines, the country’s unemployment rate drops to 5.5% compared to last year’s 6.3%. https://youtu.be/72FpyRwZik0
BERLIN, Germany (AFP) — Deutsche Bank has agreed to pay a total of $7.2 billion to settle a case with the US Department of Justice over its role in the subprime mortgage crisis, the lender said in a statement Friday. The payment includes a $3.1 billion dollar fine and $4.1 billion in relief to consumers as part of an agreement in principle with US authorities, it said. Deutsche has been negotiating the terms of the […]
HELSINKI, Finland (AFP) — Nokia announced Wednesday it is suing Apple in German and US courts for patent infringement, claiming the US tech giant was using Nokia technology in “many” products without paying for it. Finnish Nokia, once the world’s top mobile phone maker, said the two companies had signed a licensing agreement in 2011, and since then “Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are […]
SAN FRANCISCO, United States (AFP) — Facebook on Monday began testing a live audio streaming service that will let people essentially broadcast radio-style on the leading online social network. Partners working with Facebook to test “Live Audio” included BBC World Service, book publisher HarperCollins, British talk radio station LBC, and authors Adam Grant and Brit Bennett. The new feature comes as an alternative to a Facebook tool that lets people stream live video at the […]
NEW YORK, United States (AFP) — Nike reported higher second-quarter earnings Tuesday behind increased sales in key markets, including China, and said it was making progress in cutting inventory in North America. Executives gave an upbeat outlook on China, where sales jumped 12 percent to $1.1 billion. Net income for the quarter ending November 30 rose seven percent to $842 million. Sales rose six percent to $8.2 billion. Participation in the Shanghai marathon was 38,000 […]
