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GENEVA, Switzerland (AFP) – by Ben Simon Subsidies given by the US state of Washington to Boeing are illegal, the World Trade Organization said Monday, in a victory for rival aircraft maker Airbus and the European Union. The ruling from a WTO panel is the latest blow in a drawn out trans-Atlantic battle between the aviation industry’s two titans, which has seen both Airbus and Boeing score points along the way. The WTO said that […]
ALGIERS, Algeria (AFP) — Volkswagen on Sunday signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference. Under the deal, worth $170 million (160 million euros), the plant will produce its first car in June 2017 and is expected to increase output to more than 100 vehicles a day. The assembly line will be built in Relizane, 320 […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a positive note Friday, with Tokyo again propelled by the weaker yen but the dollar edged back slightly in the afternoon following its recent surge against global currencies. With traders confident the Federal Reserve will hike interest rates before year-end, the dollar is cruising along, hitting record highs against India’s rupee and the Turkish lira and touching multi-month highs elsewhere. The advance […]
MEXICO CITY, Mexico (AFP) — The Mexican currency broke the 21 peso per dollar psychological barrier again on Thursday in the wake of Donald Trump’s US election victory as fears persist about his protectionist policies. Analysts say the peso is also affected by the prospect of an interest rate hike by the US Federal Reserve in December. The currency of Latin America’s second biggest economy traded hands at 21.05 pesos for every dollar, dropping 0.48 […]
HONG KONG, China (AFP) — The dollar barrelled ever higher Thursday, sitting at an eight-month high against the yen and fuelling another rally in Tokyo stocks but traders in most other markets turned cautious. US investors gave their Asian colleagues another strong lead with the Dow hitting a new record on Wall Street after fresh data showed further improvement in the US economy and reinforced expectations for an interest rate hike next month. Global markets […]
Chile vows to strengthen trade with China in the face of protectionist threats from US President-elect Donald Trump, during an official visit of the Asian giant’s president Xi Jinping. https://youtu.be/E4AeLn8_ORo
(Eagle News)– Careers in the healthcare sector are the highest paid specialization for overseas Filipino workers (OFWs). In the 2016 Overseas Jobs and Salary Report of WorkAbroad.ph, OFWs in the healthcare sector, receive an average monthly salary of P111,620. Jobs in process design and control are the next highest paid with an average monthly income of P87,027. Public relations and communications specialists are the third highest paid at P83,375 a month. Other high paying jobs […]
MANILA, Nov. 23 – Finance Secretary Carlos Dominguez III said that congressional approval of the proposed tax reform program would help the Duterte administration realize its vision of reducing the poverty level to just 14 percent and free six million Filipinos from the shackles of poverty over the next six years. Dominguez said the Philippines is now at a “critical juncture” where it can either choose the old and easier path of sustaining high growth […]
TOKYO, Japan (AFP) — Tokyo stocks rose on Monday, extending a 10-month high as the yen remained under pressure on market expectations for a US interest rate hike next month. The key Nikkei index ploughed through the psychologically important 18,000 mark and is extending its best levels since early January. Higher US rates are likely to increase the gap between the dollar and the yen as Japan’s are expected to remain low. A weaker yen […]
TOKYO, Japan (AFP) — Japanese low-cost carrier Peach Aviation said Friday it would buy 13 Airbus aircraft valued at almost $1.4 billion as part of its expansion plans to cash in on a pick-up in demand for air travel in the country. Peach, an affiliate of major Japanese carrier All Nippon Airways (ANA), agreed to buy 10 fuel-efficient A320neos and three conventional A320ceos, it said in a statement. The new aircraft are to be used […]
WASHINGTON, United States (AFP) — Banking giant JP Morgan Chase has agreed to pay more than $264 million to resolve allegations it bribed officials in China by giving prized jobs and internships to friends and relatives, officials announced. “Awarding prestigious employment opportunities to unqualified individuals in order to influence government officials is corruption, plain and simple,” Leslie Caldwell, chief of the US Justice Department’s criminal division, said in a statement. Over a seven-year period, between […]
(Eagle News) — The country’s Gross Domestic Product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016, which comprised the first three months of the administration of President Rodrigo Duterte, according to the Philippine Statistics Authority. The growth in the Philippine economy was notable as it was higher than the growth rates of 7.0 percent in the second quarter of 2016, and 6.2 percent in the third quarter of 2015. With […]
