Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
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 […]
(REUTERS) The U.S. Army plans to cut 40,000 troops over the next two years, affecting all its domestic and foreign posts, USA Today reported on Tuesday (July 7), saying the Army also planned to cut 17,000 civilian employees. The cuts would reduce the active-duty Army from its current size of about 490,000 soldiers to about 450,000, its smallest number since before the United States entered World War Two. The troop reductions were initially announced […]
(Reuters) Greek Prime Minister Alexis Tsipras pleaded in the European Parliament on Wednesday for a fair deal to keep his country in the euro zone after EU leaders gave him five days to come up with reforms. “I honestly believe that it’s the sovereign right of any government to decide to increase taxation on profit-making businesses and not affect the lowest possible pensions and cut back further there to achieve those objectives,” Tsipras told the […]
JULY 9 (Eagle News) — Local government units have announced class suspensions on all levels for July 9, Thursday, due to the continued heavy rains brought about by the southwest monsoon and typhoon Falcon. As collated by the Department of Education, these are the areas where classes in all levels have been suspended today, July 9, 2015: ALL LEVELS National Capital Region (NCR) Muntinlupa City Paranaque City Navotas City Marikina City Makati City Mandaluyong City […]
JULY 8 — The Philippines has begun presenting its case before the Arbitral Tribunal in The Hague, the Netherlands, to convince the tribunal that it has jurisdiction to hear the country’s case against China. “The Philippine delegation composed of representatives from all three branches of government has begun presenting its arguments for the Philippines’ position before the Arbitral Tribunal at the Permanent Court of Arbitration at the Peace Palace at The Hague, Netherlands,” Deputy Presidential […]
MANILA, Philippines, July 8 (Eagle News) — Mary Jane Veloso, a Filipina helper that has been convicted of drug trafficking in Indonesia and who was granted a temporary reprieve of execution last April 29, might be scheduled again for execution next week. According to the Migrante International, the Indonesian government is expected to announce the complete names of those who are scheduled to be executed by firing squad on July 17 or after the Muslim […]
(Reuters) — A pilot of a U.S. military aircraft was rescued on Tuesday (July 7) after safely ejecting from his fighter jet that had collided with a small plane in midair over South Carolina. The collision between the fighter jet and a Cessna C-150 occurred at around 11 a.m. near Moncks Corner, north of Charleston, the Federal Aviation Administration said in a statement. The two people aboard the Cessna were both killed, a spokesman for […]
(Reuters) — Asian shares fell on Wednesday (July 8) as investors fretted over Greece’s debt crisis and a recent plunge in Chinese stocks, while the euro steadied. Euro zone members gave Athens until the end of this week to propose reform measures in order to secure the funding it needs to stay in the euro zone. Investors nervously awaited the opening of China’s share markets, after they slumped on Tuedsay (July 7) despite a flurry […]
(Eagle News) — The Ninoy Aquino International Airport (NAIA) and other airports in the country continue to be on heightened alert because of the deadly Middle East Respiratory Sydrome-Corona Virus or MERS-CoV and other deadly diseases such as Ebola, following guidelines from the Bureau of Quarantine. Currently, MERS-CoV has more than 180 reported cases in South Korea, where at least 27 have already died. It is the only country outside of Saudi Arabia where there […]
JULY 8 (Reuters) — China said on Tuesday (July 7) that it opposed the arbitration case brought up by the Philippines against Beijing over territorial disputes in South China Sea. Manila has sent a legal team of experts and high ranking officials in the Hague this week to fight in an unprecedented arbitration case under the United Nations’ Convention on the Law of the Sea, the Philippine foreign ministry said. It said Philippines will present […]
