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ANKARA, Turkey (AFP) — Inflation in Turkey dropped for the first time to nearly 22 percent last month after surging to a 15-year high in October, official statistics showed on Monday. The increase in consumer prices fell to 21.62 percent in November compared with he same month last year, still very high in relative terms but down from the 25.24 percent rate recorded in October and the first drop since March this year, according to […]
(Eagle News) — Sa ikawalong sunod-sunod na linggo ay may rollback sa presyo ng mga produktong petrolyo. Pinangunahan ng Phoenix Petroleum noong Sabado ang tapyas sa presyo ng langis sa kanilang p2.00 rollback sa presyo ng kada litro ng gasolina at diesel. Ang Petro Gazz ay may kaparehong rollback ng sa Phoenix Petroleum ngunit epektibo pa bukas, Martes alas-sais ng umaga. Mas malaki naman nang kaunti ang rollback ng Seaoil na may tapyas na P2.00 […]
THE HAGUE, Netherlands (AFP) — Unilever chief Paul Polman is “retiring” from the consumer giant, the firm said Thursday, a month after it was forced to ditch a controversial post-Brexit plan to move its headquarters from London to the Netherlands. The Anglo-Dutch group, maker of iconic brands like Marmite and Dove soap, will be headed from January by Alan Jope, the current chief of its huge beauty and personal care department. “Unilever today announced that […]
HONG KONG, China (AFP) — The dollar extended losses in Asia while most equities rose after the head of the Federal Reserve hinted at a softer pace of interest rate hikes, though investors remain wary about the weekend’s crunch trade talks between Donald Trump and Xi Jinping. US markets were sent soaring Wednesday after Fed chief Jerome Powell said borrowing costs were still historically low but only “just below” the neutral level, a rate that […]
ZURICH, Switzerland (AFP) — Switzerland’s economy abruptly went into reverse in the third quarter, contracting by 0.2 percent, with exports tumbling and even the country’s vaunted financial sector seeing growth halt. “The strong, continuous growth phase enjoyed by the Swiss economy for one and a half years was suddenly interrupted,” said the State Secretariat for Economic Affairs (SECO). “Switzerland is thus following the significant economic downturn seen at the same time in other European countries, […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as the White House sent conflicting messages about the likelihood of a trade deal with China at this week’s G-20 summit. Markets in Europe and Asia finished mostly lower after US President Donald Trump on Monday appeared to dismiss the idea of agreement with Beijing at the Group of 20 leaders’ meeting. But the more upbeat comments on Tuesday from White House economic advisor […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday on gains on Wall Street and a cheaper yen, while investors await US-China summit talks amid speculation about a possible trade deal. The benchmark Nikkei 225 index, which has closed higher for the past three days, added 0.51 percent or 111.66 points to 22,064.06 in early trade while the broader Topix index was up 0.34 percent or 5.60 points at 1,649.76. “The Tokyo market, encouraged by […]
(Eagle News) — The series of reduction in the prices of petroleum products is due to the ample supply of petroleum in the international market, according to the Department of Energy (DOE). In an interview with Eagle News Service, Energy Assistant Director on Oil and Management Bureau Rodela Romero explained that the crude oil pricing in the world market affects oil prices in the country, particularly because we are highly dependent on imported fuel. Romero […]
TOKYO, Japan (AFP) — Tokyo stocks rose for the third straight session on Tuesday, as investor sentiment improved following rallies on Wall Street with expectations growing for a year-end shopping spree. The benchmark Nikkei 225 index gained 0.64 percent or 140.40 points to close at 21,952.40, while the broader Topix index was up 0.73 percent or 11.96 points at 1,644.16. “The Tokyo market took a positive lead from New York, where stocks rallied with a […]
(Eagle News) — The bicameral conference committee has reconciled the Senate and House of Representatives versions of a measure that would strengthen and simplify corporate governance standards for a more business-friendly environment in the country. With Senate Bill No. 1280 and its House version reconciled, Congress is a step closer to amending the Corporation Code of the Philippines, which Senator Franklin Drilon said was an old law that had numerous and stringent incorporation and regulatory requirements that discouraged […]
(Eagle News) –Good news for motorists! Another round of reduction in the pump prices of petroleum products is set next week. This would be the eighth consecutive week that oil firms will cut its prices for its petroleum products. In the first three days of trading in the world market, the decrease on the prices of diesel per liter was Php 1.73, while the reduction on the prices of gasoline per liter was Php 0.67 […]
by Hiroshi HIYAMA / Anne BEADE Agence France Presse TOKYO, Japan (AFP) — Nissan’s board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Ghosn, in jail since Monday, stands accused of under-reporting his income by millions of dollars and a host of other […]
