Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
PASIG City, Philippines, July 30 (Eagle News) — Meralco warned the public against the possibility of higher electric charges in the coming month due to supply restrictions placed on the Malampaya natural gas plant which can lead to higher price of electricity on the Wholesale Electricity Spot Market. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/Kv7wdDI-2-Q
JULY 28 (Reuters) — Chinese shares tumbled more than 8 percent on Monday (July 27) as an unprecedented government rescue effort to prop up valuations abruptly ran out of steam, throwing the viability of Beijing’s plan to stave off a deeper crash into doubt. Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a […]
ASIA-PACIFIC Economic Cooperation (APEC) delegates are meeting in Iloilo City on Thursday and Friday for the Workshop on Infrastructure Financing and Capital Market Development, which aims to address the challenges in the Asia-Pacific region’s infrastructure sector. Although Asia-Pacific economies have achieved significant progress in raising living standards, the region’s infrastructure has not kept pace with economic growth. The increasing congestion of roads, power shortages, and inadequate public services imperil hard-won economic gains for many economies in […]
JULY 16 (Reuters) — U.S. stocks edged lower on Wednesday (July 15) following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector. The energy sector, down 1.6 percent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns increased exports from Iran will add to a global supply glut. Brent settled down $1.46 at $57.05 while U.S. crude settled […]
JULY 16 (Reuters) — U.S. Republican presidential candidate and real estate magnate Donald Trump said on Wednesday (July 15) his net worth has risen to more than $10 billion, and he earned $362 million in 2014. Trump gave the numbers to the Federal Election Commission in a finance declaration required of candidates. Also a TV host, Trump said only last month when he announced his candidacy for the November 2016 White House race that he […]
JULY 16 (Reuters) — India’s Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said the country will benefit from the fall in oil prices following Iran nuclear deal. Pradhan said that even though the natural petroleum industry may face some challenges, India will be one of biggest beneficiaries of the dip in oil prices. “With Iran coming to the market, there is an assumption that there will be sliding in the oil price. There will […]
A new IMF report says a gradual recovery continues, but global growth is forecast to be slightly down for 2015, reflecting an unexpected setback to economic activity in the first quarter of 2015, mostly in North America. IMF’s economist Olivier Blanchard said, “If you look at advanced economies, they’re actually suffering from the legacies of the crisis. Looking forward, their potential growth is clearly lower. If you look at the emerging market economies, they really […]
(REUTERS) Chinese stocks rebounded around 6 percent on Thursday (July 9), as Beijing’s increasingly frantic attempts to arrest a sell-off that has roiled global financial markets finally appeared to gain some traction. China’s securities regulator took the drastic step late on Wednesday of ordering shareholders with stakes of more than 5 percent from selling shares for the next six months, in a bid to halt a plunge in stock prices. The banking regulator said […]
(REUTERS) Greece is a small part of the world economy, and its possible exit from the euro zone should have limited impact on the rest of the world, the IMF’s chief economist said on Thursday, though he warned similar crises could happen in other countries. Greece is racing to find a last-minute third bailout from its IMF and European Union creditors to avoid bankruptcy and exit from the euro zone. “In a world in which […]
Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical difficulties, although NYSE-listed issues was still trading on other exchanges. After the halt, U.S. stocks extended their losses, but in low volumes, with the S&P 500 hitting a session low and the Dow Jones Industrial Average and Nasdaq both falling more than 1 percent. “It’s under control. We’re just waiting for word. There’s no sign […]
(Reuters) World markets were down on Wednesday (July 8) as investors worried about Greece’s debt crisis, a meltdown in Chinese markets and a slump in commodities. Euro zone leaders on Tuesday (July 7) gave Athens until the end of the week to come up with proposals for reforms in return for loans. Without the aid, Greece is likely to crash out of Europe’s single currency bloc. Markey analyst Chris Beauchamp said but a solution […]
(Reuters) Analyst said on Wednesday (July 8) that the measures taken by Chinese authorities to support its tumbled stock markets were seen as “backsliding” from its greater financial reform. Chinese stocks continued plunging on Wednesday after the country’s securities regulator warned investors were in the grip of “panic sentiment” and the market showed signs of freezing up as firms scrambled to escape the rout by having their shares suspended. “It’s very bad. It could […]
