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SEPTEMBER 7 (Reuters) — Asian shares got off on the back foot on Wednesday (September 2) after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses. The Nikkei rose 0.6 percent to 18,275.60 in mid-morning trade after falling to a low of 17,857.30 soon after the market opened. The benchmark index tumbled 3.8 percent on Tuesday (September 1) after surveys showed China’s factory […]
QUEZON City, Philippines, Sept. 1 (Eagle News) — The administration and independent minority bloc in the House of Representatives joined forces to protest the proposed increase in the value-added tax by the Department of Finance, saying that it makes no sense to lower the income tax of laborers then subject them to high VAT rates. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)
SEPT. 1 (Reuters) — U.S. stocks ended the day lower on worries about China’s economy and the timing of a U.S. interest rate hike. Investors now await new economic reports for signals that might influence the Federal Reserve. S&P Capital IQ’s Sam Stovall: “I think, data this week is fairly key, because we heard from three of the FOMC voting members last week, all of whom are a bit hawkish, and were saying, look, the […]
(Reuters)– Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China’s economy was risking a hard landing, with Chinese shares losing another 5 percent. Japan’s Nikkei average went down 369.02 points to 18171.66, while the broader Topix shed 29.99 points to 1450.77 on Tuesday. Later, Japan’s Nikkei erased most of its early losses after an intial […]
AUGUST 25 (CCTV) — The Chinese stock markets on Monday had their worst day in eight years with the benchmark Shanghai Composite Index tumbling 8.49 percent to close at 3209.91 points. It marked the steepest dive since Feb. 27, 2007, and came less than a month after a similar plunge on July 27 this year, when the stock market lost 8.48 percent. The astonishing loss came one day after the government’s approval to allow the […]
By Ciara Lee (REUTERS) — The alarm bells rang in China – and they were heard in Europe. Markets there opened more than three percent in the red The UK’s FTSE 100, France’s CAC 40 and Germany’s DAX were all down in morning trade. Robert Halver, head of Capital Market Analysis at Baader Bank said: “The 10,000 mark is psychologically important. The index is no longer five digit, it’s four digit and now we have entered […]
AUGUST 24 (Reuters) — Japanese stocks posted their biggest fall in more than two years on Monday (August 24), with the Nikkei average sinking to a 6-month low on fears of a China-led global economic slump. The Nikkei share average dropped 4.6 percent to 18,540.68, falling below its 200-day moving average for the first time since October. The broader Topix fell 5.9 percent to close at 1,480.87, with its turnover surpassing 4 trillion yen for […]
(Reuters) — The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world. A report overnight showed China’s manufacturing sector shrank at the fastest pace since 2009, exacerbating worries about the health of its economy and whether the government would take further steps to stem its slowdown. The Russell […]
(Reuters) — Japan’s economy shrank at an annualized pace of 1.6 percent in April-June, government data showed on Monday (August 17) as exports slumped and consumers cut back spending, a bad omen for Prime Minister Shinzo Abe’s policy drive to lift the economy out of decades of deflation. China’s economic slowdown and its impact on its Asian neighbours have also heightened the chance that any rebound in growth in July-September will be modest, according to […]
AUGUST 14 (Reuters) — A heatwave has forced Poland to sharply cut electricity supply to industry for the first time in over a decade, pushing some companies to limit production. Prime Minister Ewa Kopacz called the situation “very serious” as weather forecasts for the coming days showed high temperatures will persist. “Partial restrictions will affect over 1,600 companies, but they should not have a negative impact on their production capacities,” Kopacz said at a news […]
UNITED States of America, August 12 (Eagle News) — The price of United States oil crashed in the world market at $43.08 per barrel, the lowest price of oil since March 2009. Said price crash was brought about by the devaluation of the Chinese yuan due to slow economic growth of China. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/hY1GYR9g5Wc
MAKATI CITY, Aug. 12 — As the Philippines continues to enjoy high investor confidence, the Department of Trade and Industry (DTI) and Board of Investments (BOI) continue to build sustainable groundwork to promote investments in the various regions of the country. “In collaboration with DTI’s regional offices, we have stepped up our promotion efforts to drive economic activities nationwide, especially in investment ready areas,” DTI Undersecretary Ponciano C. Manalo Jr. said. The BOI through its Domestic Investments […]
