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HONG KONG, China (AFP) — Hong Kong stocks tumbled more than one percent in the first few minutes of trade Monday following reports that Donald Trump was preparing to impose tariffs on a further $200 billion of Chinese imports. The Hang Seng Index shed 1.24 percent, or 364.38 points, to 26,922.03 in early trade. The benchmark Shanghai Composite Index fell 0.51 percent, or 13.73 points, to 2,667.91, while the Shenzhen Composite Index, which tracks China’s […]
by Glenn Chapman Agence France-Presse CUPERTINO, United States (AFP) — Apple unveiled three new iPhones on Wednesday in a bid to bolster its spot in the premium smartphone market, along with an upgraded smartwatch that takes electrocardiograms and detects falls. The California tech giant said it would begin selling its 5.8-inch iPhone XS and 6.5-inch iPhone XS Max later this month, keeping the starting price of the company’s top-end model at $999 but bumping the […]
(Eagle News) — President Rodrigo Duterte on Tuesday, Sept. 11, lashed out at Senator Antonio Trillanes IV, saying it was his family who engaged in businesses with the Navy even when he and his father were in the naval service. “Ang problema kay Trillanes is he is crucifying (Special Assistant to the President) Bong Go for entering into business with government. But there was a time in the Navy’s history, ang tatay (ni Trillanes) nasa […]
BEIJING, China (AFP) – Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. “While remaining as executive chairman in the next 12 months, I will work closely with Daniel […]
TOKYO, Japan (AFP)–Tokyo stocks opened lower on Friday, with falls in US high-tech shares and a higher yen weighing on the market. The benchmark Nikkei index fell 0.58 percent or 129.42 points to 22,358.52 in early trade, while the broader Topix index was down 0.44 percent or 7.38 points at 1,685.03. The dollar fetched 110.42 yen in early Asian trade, 110.86 yen in New York in New York late Thursday. “Falls in US high tech […]
(Eagle News) — The Philippines inked almost $85 million worth of business agreements with companies from Israel, where President Rodrigo Duterte is capping off a historic visit. Trade Secretary Ramon Lopez said 790 jobs in the Philippines were expected to be generated from the 22 agreements and letters of intent. Letters of intent were submitted by: Amdocs Philippines Ltd., for the expansion of operations in software development and support services; TrueLogic Online Solutions, Inc., for the […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday, extending losses on global bourses amid continued worries about trade conflicts. The Nikkei 225 index was down 0.25 percent or 57.20 points at 22,639.70 in early trade, while the broader Topix index was down 0.36 percent or 6.26 points at 1,711.98. “Following directionless trade on Tuesday, we are seeing another day without clues for trade, and selling may dominate the market,” SBI Securities said in […]
(Eagle News) — Matapos ang big-time oil price hike ng mga kumpanya ng langis ngayong araw, Setyembre 4 ay posible pang masundan ang dagdag presyo sa mga produktong petrolyo. Ayon sa Oil Industry Management Bureau, ito ay dahil sa nararanasang political crisis sa mga bansa na pangunahing oil producers gaya ng Iran, Venezuela, at Libya. Dagdag pa nila, tumaas ang presyo ng produktong petrolyo kahit nangako ang Organization of the Petroleum Exporting Countries (OPEC) na […]
HONG KONG, China (AFP) — Asian markets started Monday on a negative note as trade tensions returned to the fore with Donald Trump eyeing fresh tariffs on a swathe of Chinese goods and NAFTA talks with Canada hitting a wall. The optimism that flowed through trading floors at the start of last week has been replaced by a now-familiar sense of dread after the US president hit out at Ottawa over the weekend as the […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday, weighed down by investor caution over US trade tensions with Canada and China. The benchmark Nikkei 225 index lost 0.21 percent or 48.60 points to 22,816.55 in early trade while the broader Topix index was also down 0.21 percent or 3.64 points at 1,731.71. After American markets closed mixed on Friday, news emerged that US-Canada talks ended without an agreement on rewriting the North American […]
SHANGHAI, China (AFP) — China’s major airlines mostly saw their earnings battered in the first half of the year as a weaker Chinese yuan and higher fuel prices offset steadily rising passenger traffic. Net profit at China Eastern Airlines for January-June plunged 48 percent on-year to 2.3 billion yuan ($337 million), the company said Thursday in a statement to the Hong Kong stock exchange, where it is listed. “China’s civil aviation industry continued to maintain […]
TOKYO, Japan (AFP) – Japan’s jobless rate edged up to 2.5 percent in July, official data showed Friday, with the number of available positions far outstripping job hunters as the country’s labour shortage persists. The July data from Japan’s internal affairs ministry is only a marginal increase from the 2.4 percent rate in June and 2.2 percent in May, a 26-year low. And the jobs-to-applicants ratio in July was the highest in 44 years, with […]
