Tag: business

Tokyo shares slip after Wall Street rout

TOKYO, Japan (AFP) — Tokyo shares ended lower Wednesday following a sharp fall in US stocks as fears over weakness in the technology sector spread throughout the wider market. The benchmark Nikkei 225 index dropped 0.35 percent, or 75.58 points, to 21,507.54, while the broader Topix index fell 0.60 percent, or 9.78 points, to 1,615.89. “Global equity futures were flashing red on tech sector concerns,” Stephen Innes, head of trading for Asia Pacific at Oanda, […]

Oil companies implement price roll back for six consecutive weeks

(Eagle News) — Oil companies on Tuesday, November 20 implemented another round of price roll back on its petroleum products. Petron, Flying V, Caltex and Shell were the first companies that started the implementation of price rollback. The implementation took effect at 6:00 AM today. The decrease in the pump prices per liter of gasoline was pegged at Php 1.25, while that of diesel was rolled back by Php 1.10 per liter. Kerosene also had […]

Tokyo stocks close down, Nissan plunges over 5%

TOKYO, Japan (AGP) — Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index fell 1.09 percent, or 238.04 points, to close at 21,583.12, while the broader Topix index was down 0.73 percent, or 11.94 points, at 1,625.67. Nissan shares lost 5.45 percent to 950.7 yen after dipping to a low […]

Bitcoin falls below $5,000 for first time since 2017

by Dmitry ZAKS Agence France Presse LONDON, United Kingdom (AFP) —  The value of bitcoin slipped Monday below $5,000 (4,366 euros) for the first time since October 2017 as a broad selloff gathered steam on the opaque cryptocurrency market. Data compiled by the Coinbase digital exchange showed the world’s most popular virtual currency losing 12.5 percent of its value from Friday evening to stand at $4,914.21 by 1930 GMT Monday. The rout began on Wednesday […]

Asian markets mostly up as investors weigh China-US trade row

HONG KONG, China (AFP) — Asian markets mostly rose Monday but investors were keeping a close eye on the China-US trade row after Donald Trump’s optimistic comments on a possible deal were offset by a war of words between his vice president and Xi Jinping. The mood across the region was a little calmer at the start of the week, providing some much-needed support after the volatility of seven days ago, with oil stabilizing and […]

New tech regulation ‘inevitable,’ Apple CEO says

WASHINGTON, United States (AFP) — Apple CEO Tim Cook predicts that new regulations of tech companies and social networks to protect personal data are “inevitable.” In an interview with news website Axios being broadcast Sunday on HBO television, Cook said he expected the US Congress would take up the matter. “Generally speaking, I am not a big fan of regulation,” Cook said in an excerpt released by Axios. “I’m a big believer in the free […]

Tokyo stocks open higher with improved sentiment

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday as investors refocused on sound corporate earnings helped by optimism about trade, but there were still lingering concerns about issues including Italian politics. The benchmark Nikkei 225 index was up 0.17 percent, or 37.51 points, at 21,717.85 in early trade while the broader Topix index was up 0.11 percent, or 1.77 points, at 1,631.07. Investors in Tokyo appeared to take heart from hopeful comments on […]

Hong Kong, Shanghai lead most Asia markets up, pound strengthens

HONG KONG, China (AFP) — Asian markets mostly rose Thursday, with Hong Kong and Shanghai rallying on hopes for an easing of the China-US trade war, while energy firms also enjoyed a much-needed bounce as oil prices stabilised. The pound also held up after British Prime Minister Theresa May narrowly won support for her Brexit deal from cabinet members, though Apple suppliers faced renewed selling. Fears about the trade war, rising Federal Reserve interest rates, […]

Presyo ng canned sardines, tataas simula sa Disyembre

(Eagle News) — Simula sa Disyembre ay tataas ang presyo ng de latang sardinas. Ayon sa Canned Sardines Association of the Philippines, tataas ng limampung sentimo hanggang animnapung sentimo ang presyo ng kada delata ng sardinas simula sa Disyembre 1, 2018. Ang nasabing price adjustment ay dahil anila sa pagtaas sa presto ng mga raw material gaya ng isda at produktong petrolyo nitong mga nakalipas na buwan. Sabi pa ng CSAP, noong Setyembre 1 pa […]

Tokyo stocks open higher

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s sharp drops on news of US-China trade talks and Britain’s announcement of a draft exit deal with the European Union. The benchmark Nikkei 225 index, which ended down more than 2.0 percent on Tuesday, rose 0.51 percent or 111.27 points, to 21,921.79 in early trade while the broader Topix index was up 0.56 percent or 9.19 points at 1,647.64. Overnight […]

Japan economy shrinks in Q3 as natural disasters hit

TOKYO, Japan (AFP) — Japan’s economy shrank in the three months to September, official data showed Wednesday, after a string of natural disasters hit consumer spending and exports, and China’s slowing economy cast a shadow. Gross domestic product for the July-September period contracted 0.3 percent from the previous quarter, reversing growth of 0.8 percent in the April-June period, according to the government’s Cabinet Office. A number of natural disasters dampened personal consumption, company investment and […]

Ikalimang linggo ng oil price rollback epektibo na ngayong araw

(Eagle News) — Nagpatupad ng big-time price roll back ang mga kumpanya ng langis. Simula kaninang alas-6 ng umaga, ipinatupad ng mga kumpanya ng langis ang tapyas-presyo sa mga produktong petrolyo. Kabilang sa mga nagbaba ng presyo ay ang Metro Oil, Petrogazz, at Phoenix Petroleum na may Php 2.50 rollback sa kada litro ng gasolina, at Php 2.00 kada litro para naman sa diesel. Php 2.30 naman ang kaltas ng Caltex, Eastern Petroleun, Jetti, PTT, […]