Tag: business

Tokyo stocks up at break after US-Japan summit

TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning with sentiment lifted by upbeat talks over the weekend between US President Donald Trump and Japanese Prime Minister Shinzo Abe. The new US leader dropped previous harsh rhetoric towards Tokyo over trade and currency issues, and reiterated America’s commitment to Japan’s security after North Korea launched a ballistic missile. Trump had earlier accused Japan of devaluing its currency to boost exports, grouping it with other countries […]

Asian markets extend global rally on Trump relief

HONG KONG, China (AFP) — Asian markets built on a global rally on Monday following another record close in New York as traders welcomed Donald Trump’s promise of details on tax reform and his softer tone on China and Japan. Shares soared at the end of the week after the new US president finally broke his silence over fiscal policy, saying he would unveil a “phenomenal” tax plan within three weeks. That was followed by […]

Tokyo stocks lose early gains on yen uptick, oil fall

TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning as an uptick in the yen hit exporters while energy shares dropped on falling oil prices. Japan’s main equity markets opened in positive territory on the back of a rise in New York, where the Nasdaq hit a record higher after Apple reported strong earnings last week. But the dollar edged down to 112.12 yen from 112.46 yen, hitting demand for shares of Japanese exporters, which […]

Asia markets hurt by Trump, Europe concerns

HONG KONG, China (AFP) — Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump’s unpredictable presidency fuelling uncertainty. With investor nerves shredded by a succession of outbursts from the new US president, safe-haven assets rose. Gold pushed higher and while the yen eased from three-month highs against the dollar it continued to hold recent gains. The weakness across markets is in contrast to the two-month rally that followed Trump’s election […]

Tokyo stocks open higher on US economic hopes

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with investor sentiment buoyed by solid US job gains and a move by President Donald Trump to roll back financial regulations. US non-farm payrolls for January came in above forecast at 227,000 new jobs on Friday, with hiring up in retail, construction and the financial sector, the Labor department said. Trump ordered a review of key reforms enacted after the 2008 financial crisis, in the first […]

Smoking costs $1.4 tn in health care, labour loss: study

by Mariëtte Le Roux PARIS, France (AFP) — Smoking cost the world economy more than $1.4 trillion (1.3 trillion euros) in 2012, and sucked up a twentieth of health care spending, a study said Tuesday. The killer habit consumed the equivalent of nearly two percent of global economic output or GDP, according to experts from the World Health Organization (WHO) and the American Cancer Society, with almost 40 percent of the burden falling on developing […]

Johnson & Johnson says to buy pharma group Actelion for $30 bn

by Nathalie OLOF-ORS Agence France-Presse ZURICH, Switzerland (AFP) -US pharmaceuticals giant Johnson & Johnson on Thursday announced it was buying Europe’s biggest bio-pharmaceutical firm Actelion for $30 billion (27.9 billion euros) in a deal that creates a new spin-off company. The world’s biggest producer of healthcare goods will acquire all the outstanding shares of Switzerland-based Actelion for $280 per share, the two companies said in a joint statement. With the deal, which has been approved […]

Asian markets rally extends after Wall St records

HONG KONG, China (AFP) — The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone. After weeks of unease across trading floors, investors around the world have refound the optimism that fuelled a surge in the two months after Donald Trump was elected president. The latest lease of life comes after the […]

Oil market already starting to rebalance: Kuwait

KUWAIT CITY, Kuwait (AFP) — Oil markets have already begun to rebalance after strong signs that producers are complying with output cuts, Kuwait Oil Minister Essam al-Marzouk said on Wednesday. “We are confident that rebalancing in the oil markets has already started,” Marzouk said. “We expect a positive impact on the market by the end of the first quarter of 2017,” he told a conference organised by Petroleum Intelligence. Marzouk said that signs indicate that […]

Tokyo stocks open lower

TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday with a strong yen pushing exporters down while investors waited to see details of the new US president’s economic policies. The benchmark Nikkei 225 index lost 0.99 percent, or 189.64 points, to 18,948.27 in the first few minutes while the Topix index of all first-section issues was down 1.04 percent, or 15.89 points, to 1,517.57. © 1994-2017 Agence France-Presse

QC extends deadline for business tax payments

QUEZON CITY, Jan 21 (PIA)–Quezon City has extended the deadline for first quarter tax payments. Taxpayers now have until February 3 to settle their tax obligations without penalties. The extension is provided under City Ordinance 2550 which was approved by Mayor Herbert Bautista on January 16. The deadline for the payment of business taxes in Quezon City has been extended from January 20 to February 3. The grant of the extension was described as necessary […]