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Japan’s Nikkei share average tumbled 4 percent on Thursday (January 14) morning after Wall Street languished on worries about weak oil prices and a slowdown in the global economy, battering global cyclical stocks such as exporters. The Nikkei 225 stumbled 3.7 percent to 17,063.21 in mid-morning trade after hitting as low as 17,004.12, the lowest since late September of 2015. If the benchmark index falls below 16,901.49, an intraday low marked on September 29, 2015 […]
An economic forum, known as “Gaidar” opened on Thursday in Moscow to address Russia’s economic woes. With “Russia and the World: Looking into the future” as the theme, the 2016 Gaidar Forum has become one of the most influential platforms since it was opened in 2010. It is an annual event held in mid-January by the Russian Presidency. Addressing the forum, Russian Prime Minister Dmitry Medvedev said that the Russian government is anticipating the worst, […]
The International Monetary Fund (IMF) is looking forward to cooperating with the China-initiated Asian Infrastructure Investment Bank (AIIB), said an IMF official on Tuesday. Chikahisa Sumi, assistant director of the Asia and Pacific Department of the IMF, made the remarks at a forum attended by IMF officials and members of U.S. think tanks in Washington, D.C. “Infrastructure investment need is huge, is simply huge. And then infrastructure investment is very productive investment. And then, it […]
China said on Wednesday (January 13) its exports for 2015 dropped 1.8 percent while imports dropped 13.2 percent in yuan-denominated terms, both much less than economists had expected but still likely consigning the economy to its weakest annual growth in 25 years. “Exports decreased by 1.8 percent to 14.14 trillion yuan ($2.2 trillion). Imports dropped by 13.2 percent to 10.45 trillion yuan ($1.6 trillion). Trade surplus increased by 56.7 percent to 3.69 trillion yuan ($561 […]
By Caesar Vallejos Eagle News online correspondent […]
Asian stocks held near four-year lows and crude oil prices approached a 20 percent drop in less than two weeks as investors worried over the extent of China’s economic slowdown and its impact on emerging markets. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.4 percent higher but still stood near a four-year low touched on Monday, and was still down more than 8 percent since the start of 2016. It fell 12 percent […]
Asian share markets swept lower Monday (January 11) after Wall Street suffered its worst starting week in history and doubts over Beijing’s economic competence sent investors into the arms of the safe-haven yen and sovereign bonds. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. South Korean shares fell, led by concerns about China and caution ahead of earnings later this month. The Korea Composite Stock Price […]
China’s stock markets opened high on Friday after trading was halted early in the previous day as a seven-percent drop triggered the newly-introduced circuit breaker mechanism. The benchmark Shanghai Composite Index opened up 2.23 percent at 3,194.63 points Friday morning while the smaller Shenzhen index opened at 11,008.89 points, 2.31 percent up. Trading was halted for the day on the Shanghai and Shenzhen stock markets on Thursday morning after shares tumbled over seven percent and […]
China’s major stock indexes opened higher on Friday (January 8) after Beijing ditched a circuit breaker mechanism that halted trading twice this week when share prices tumbled and had been blamed for exacerbating the market sell-offs. The People’s Bank of China also raised its guidance rate for the yuan for the first time in nine trading days, having allowed the currency’s biggest fall in five months on Thursday (January 7), sending shivers through regional currencies […]
Oil lurched to new 12-year lows before paring some losses on Thursday, with some traders betting a rout triggered by fears over China demand and swelling U.S. stockpiles had run its course, for now. Global benchmark Brent crude fell as much as 6 percent to nearly $32 a barrel, its lowest level since at least April 2004, as another free fall in the Chinese stock market rattled investors already concerned by the world glut in […]
BERLIN German automaker Volkswagen AG assumes it will have to buy back about 115,000 cars in the United States as a result of the emissions scandal, a newspaper reported on Thursday. Without citing its sources, Germany’s daily Sueddeutsche Zeitung said the company expected it would have to either refund the purchase price of a fifth of the diesel vehicles affected or offer a new car at a significant discount. Volkswagen expects that the rest of […]
“My biggest dream is for our businesses, which started in Mindanao, to become global, and to find more ways to raise the demand for our products and services so as to increase the number of people we have given livelihood.” The noble statement is from Miss Helen Kaye Layco, a 26-year old young woman, an advocate of women empowerment, an innovative entrepreneur, and a former New Era University student. She won in the recently concluded […]
