Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
HONG KONG, China (AFP) — Markets rose in Asia on Friday after the World Health Organization declared a global health emergency over the deadly new virus sweeping China. After saying last week they needed more information, the WHO invoked the rarely used designation that experts hope will lead to better international co-ordination to combat a disease that has already killed 200 people, and sickened thousands more. But the Geneva-based body stopped short of recommending trade […]
by John BIERS NEW YORK, United States (AFP) — Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX to undercut the company’s revenues and exploded costs. The aerospace giant reported a $1.0 billion loss in the fourth quarter and a loss of $636 million for all of 2019, the company’s first year in the red since 1997. Newly-installed chief executive David Calhoun, who took […]
NEW YORK, United States (AFP) — European and US stock indices mostly advanced Wednesday, as positive earnings from Apple and some other companies, offset concerns over the spreading coronavirus that has led more airlines to suspend flights to China. Hong Kong’s main stocks index slumped 2.8 percent by the close as traders returning from the Lunar New Year break played catch-up with the global selloff triggered by the epidemic. But the Dow eked out a […]
HONG KONG, China (AFP) — Travel, tourism and property stocks tumbled in Hong Kong on Wednesday as panicked investors fretted over the economic impact of the virus in China that has now killed at least 132 and infected more people than SARS on the mainland. Dealers returned to trading floors for the first time after the Lunar New Year break and instantly began to sell, joining a global retreat that has wiped more than […]
HONG KONG, China (AFP) — Asian markets tumbled again Tuesday, extending a global sell-off as the toll from a rapidly spreading Chinese virus spiked to more than 100 dead and thousands infected, with investors fretting over the impact on an already fragile world economy. Traders have been running for the hills as the coronavirus is reported in more countries, with oil also tanking on expectations that demand in China, the world’s top consumer of the […]
(Eagle News) — Inflation continued to ease in the fourth quarter of 2019, bringing year-to-date average inflation well within the the government’s announced target range, the Bangko Sentral ng Pilipinas said on Friday, Jan. 24. According to the BSP, the headline inflation of 1.6 percent in the fourth quarter of last year, down from the 1.7 percent in the third quarter, brought year-to-date average inflation to 2.5 percent, which is within the target range of […]
SAN FRANCISCO, United States (AFP) — Netflix said Tuesday it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape, but scaled back its outlook for early 2020. The global streaming television giant largely beat expectations with a profit of $587 million in the fourth quarter as revenue rose 31 percent from a year ago to $5.5 billion. Netflix added a better-than-expected 8.8 million subscribers worldwide […]
DAVOS, Switzerland (AFP) – Sebastian SMITH and Alex PIGMAN President Donald Trump tore into environmental “prophets of doom” at the Davos forum Tuesday, rejecting fiery warnings from teenage campaigner Greta Thunberg and talking up his own record in a counterpoint to impeachment back home. Thunberg was in the audience in the Swiss Alps to hear the typically bullish speech by Trump, delivered just before the US Senate opened the crucial next stage in his trial […]
HONG KONG, China (AFP) — Hong Kong stocks sank more than one percent at the start of business Tuesday after Moody’s cut the city’s credit rating, blaming the government’s response to months of sometimes violent protests. The Hang Seng Index fell 1.20 percent, or 346.53 points, to 28,449.38. The benchmark Shanghai Composite Index lost 0.32 percent, or 10.00 points, to 3,085.79 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.25 […]
by Michel COMTE Agence France-Presse VANCOUVER, Canada (AFP) — The Chinese telecommunications executive whose arrest in Vancouver badly strained Canada-China relations went to court on Monday to fight extradition to the United States, with her lawyers calling the accusations against her “fiction.” Meng Wanzhou, the chief financial officer of tech giant Huawei and eldest daughter of its founder Ren Zhengfei, is wanted by US authorities for alleged fraud. Meng made no comment as she rushed […]
Tokyo, Japan (AFP) — Tokyo shares opened higher on Friday after US markets finished at new record highs thanks to bright corporate earnings and a higher dollar that also encouraged investors. The Nikkei 225 index added 0.76 percent or 181.87 points to 24,115.00 in early trade, while the broader Topix index gained 0.49 percent or 8.45 points to 1,737.17. “The Japanese market today should show solid performance, buoyed by the strength of US shares which […]
LONDON, United Kingdom (AFP) — South Korea’s Hyundai and its Kia affiliate announced plans Thursday for a major investment in London-based startup Arrival to produce next-generation electric vehicles that cost less than standard-engine models. The 100-million-euro ($110 million) bet on the five-year-old technology firm comes as some manufacturers abandon Britain because of uncertainties about how it will trade with EU nations once it leaves the bloc this month. Arrival is focused on designing and producing […]
