Business

Japan’s factory output rises, unemployment stays low

TOKYO, Japan (AFP) — Japan’s closely watched factory output rose modestly in February with unemployment staying at record low levels, official data showed Friday, underscoring the patchy recovery of the world’s third largest economy. Factory output for February rose 1.4 percent month-on-month after a 3.4 percent dip in January, the trade and industry ministry said Friday. The reading compares with market expectations of a 1.0 percent rise. “The recovery in output is not strong, reflecting […]

Pound falls on Brexit ‘labyrinth’

NEW YORK, United States (AFP) — The pound dropped on Thursday, weighed down by ongoing chaos in Brexit proceedings, while global stocks were mixed. London’s stock market rose, however, buoyed by the weaker currency. Eurozone markets, having enjoyed modest gains earlier in the session, slipped towards the close, while Wall Street pushed higher as Treasury bond yields stabilized. British Prime Minister Theresa May will renew attempts to push through her Brexit plan on Friday, after […]

Asian markets hit by volatility as economy fears pervade

HONG KONG, China (AFP) — Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in Westminster that saw Prime Minister Theresa May offer to resign if MPs backed her Brexit plan and lawmakers reject a series of alternative options on […]

Ayalas on water shortage: “We take responsibility for our own shortcomings”

(Eagle News)–The Ayala brothers of the Ayala Group of Companies on Wednesday, March 27, said they took responsibility for their “own shortcomings in the company” Manila Water that have contributed, among “a multitude of factors,” to the water shortage. In a Facebook post, Jaime Augusto Zobel de Ayala,  chair of the Ayala group and vice chair of Manila Water; and Fernando Zobel de Ayala, chair of the water concessionaire, said they “recognize and understand the […]

Asian markets mixed as dealers struggle to pick up Wall St rally

HONG KONG, China (AFP) — Asian markets were mixed Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output. Trading remains choppy across the region after a key US gauge raised a red flag warning of a recession, adding to Federal Reserve worries about growth, uncertainty over Brexit and China’s stuttering economy. However, while the […]

CEO Summit 2019 to focus on 4-point agenda

The CEO Summit 2019 that will happen at the Shangri-La at the Fort, Bonifacio Global City in Manila on May 29-30, 2019 will focus on a 4-point agenda designed to address challenging issues faced by businesses today. The 4-point agenda: Leadership Legacy and Strategy, Value Chain, Risk and Crisis and Mergers and Acquisitions are expected to prepare a new breed of decision makers as they make their companies ready for globalization, digital transformation, unprecedented competition […]

Asian markets rise but traders on edge over global outlook

HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]

Growth fears pressure world’s stock markets

NEW YORK, United States (AFP) — World stock markets were pressured Monday, with Asia taking the heaviest hit, as investors worried about signs of a sharp global economic slowdown. Traders shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. The pound gave up earlier gains to trade lower against the euro and the dollar after Prime Minister Theresa May admitted Monday she still had […]

World stock markets slide on global growth fears

  by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Stock markets slid Monday, with Asia taking the heaviest hit, as investors took flight on mounting fears of a sharp global economic slowdown. Investors shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. On currency markets, the British pound faced fresh selling pressure with Prime Minister Theresa May’s political future hanging in […]

Asian markets suffer blood-letting on global growth fears

HONG KONG, China (AFP) — Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States. There appeared to be very little reaction to news that an investigation found no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed some uncertainty from markets. After a broad-based rally since the start of the year built on […]

‘Breakthroughs: Tourism’ charts future of travel

By Caesar Vallejos OPEN FOR BUSINESS, Eagle News In spite of the country’s rich natural resources and great customer service, the Philippine tourism industry is faced with roadblocks that include the lack of facilities and infrastructures.  The need to maximize digital technologies will help realize the industry’s full development, spurring the growth of small and medium-sized enterprises in the country. “If we can just develop this particular aspect of our economy, I think this has […]