Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
TOKYO, Japan (AFP) — Tokyo stocks sank more than one percent Friday morning, tracking sharp losses in United States and European markets, with technology firms among the worst hit. The benchmark Nikkei 225 fell 1.09 percent, or 219.42 points, to 20,000.88 by the break, while the Topix index of all first-section issues was down 0.88 percent, or 14.29 points, at 1,609.78. “There’s been profit-taking in certain tech shares, which have rallied recently,” said Toshikazu Horiuchi, […]
WASHINGTON, United States (AFP) — If the United States fails to take decisive measures to combat climate change, it will become a poorer country facing more dramatic inequality, according to a study published Thursday. The poorest third of US counties could see income drops as great as 20 percent if current trends continue, according to the worst-case projection of the study, published in the journal Science. An interdisciplinary team of climatologists and economists based its […]
QUEZON City, Philippines (Eagle News) — Presidential Communications Secretary Martin Andanar said that the frequent trips abroad of President Rodrigo Duterte has brought home large investments. Andanar said that just under a year in office, President Duterte already brought in about $35 billion worth of investments, as well as the accompanying good relations with other countries. “Ang mahalaga po doon sa biyahe ng Pangulo na halos umabot tig-P380 million doon sa isang pahayagan ay yung […]
TOKYO, Japan (AFP) — Toshiba said Wednesday it has not yet reached a deal to sell its prized chip business to a consortium of United States, Japanese and South Korean investors, as the troubled conglomerate holds a shareholder meeting. The sale, reportedly worth some 2.0 trillion yen ($18 billion), is seen as crucial for the cash-strapped company to plug massive losses at its US nuclear division, Westinghouse Electric. Last week, Toshiba said it has entered […]
NEW YORK, United States (AFP) — Electric carmaker Tesla said Thursday it was considering ways to enter music streaming amid a report it may launch a unique new service. The high-end carmaker, which already has a tie-up with streaming leader Spotify in some international markets, said it was aiming at ways to please drivers. “We believe it’s important to have an exceptional in-car experience so our customers can listen to the music they want from […]
QUEZON City, Philippines (Eagle News) — The Landbank of the Philippines issued an advisory that it was suspending automated teller machine or ATM transactions this weekend. The suspension starts from 10:00 in the evening, Saturday, June 24, to 3:00 in the afternoon, Sunday, June 25. The suspension of ATM operations was in view of a system maintenance aimed at the adoption of EMB technology mandated by the Bangko Sentral ng Pilipinas (BSP).
TOKYO, Japan (AFP) — Toshiba said Wednesday it will hold exclusive talks with a consortium of United States, South Korean and state-backed Japanese investors to sell its prized memory chip business, as the loss-hit conglomerate scrambles to raise cash. The company needs money after taking massive losses in its US nuclear operations that have put the survival of a pillar of corporate Japan in doubt. Toshiba’s board Wednesday decided to select the consortium as a […]
by Albee Zhang with John Biers in New York Agence France-Presse SHANGHAI, China (AFP) — China on Wednesday hailed the acceptance of its stocks in a leading United States-based index of emerging market shares as a signal of confidence in the Asian power’s economy after three previous rejections. The Shanghai and Shenzhen stock markets opened higher after New York’s MSCI agreed to include 222 large capitalization Chinese stocks in its MSCI Emerging Markets Index, representing […]
TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, tracking a record close for the Dow on Wall Street, with exporters boosted by a weaker yen as data showed Japan saw a surprise trade deficit in May. The benchmark Nikkei 225 index gained 0.60 percent, or 118.93 points, to 20,062.19 by the break while the Topix index of all first-section issues was up 0.61 percent, or 9.69 points, at 1,605.73. Japan logged a surprise deficit […]
Manufacturers surveyed by Standard Chartered said much of the Association of Southeast Asian Nations remains to be the preferred destination for China manufacturers looking to relocate their production facilities. Standard Chartered said Cambodia and Vietnam were the most favored destinations, as in prior years, by those opting to move capacity overseas. However, Malaysia was not seen as a popular destination for their relocation by China manufacturers this year. The report also showed that only less […]
TOKYO, Japan (AFP) — Japan’s scandal-hit airbag maker Takata is expected to file for bankruptcy protection as early as this month as it prepares to sell its assets to a United States company, a report said Friday. Takata will make a formal decision about the bankruptcy filing at its board meeting this month, the leading business daily Nikkei reported, without citing sources. American autoparts maker Key Safety Systems, owned by China’s Ningbo Joyson Electronic, will […]
HONG KONG, China (AFP) — Asian markets mostly rose on Friday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in United States and British interest rates. Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices. But they shifted back into buying mode in […]
