Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
(Eagle News) — Naniniwala ang Department of Trade and Industry (DTI) na maaaring makasama sa ekonomiya ng bansa ang hinihiling na P750 kada-araw na minimum wage ng mga militanteng grupo dahil sa magiging negatibong epekto nito sa mga negosyo at sa mga presyo ng bilihin sa buong Pilipinas. Sinabi ni Trade Sec. Ramon Lopez, dapat na ibatay sa inflation ang pagbibigay ng umento sa sahod upang masiguro na walang negatibong epekto sa ekonomiya ang pagtataas […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday amid lingering worries over a US-China trade war and after a strong earthquake shook western Japan with no immediate reports of major damage. The benchmark Nikkei 225 index slipped 0.39 percent or 88.97 points to 22,762.78 in early trade, while the broader Topix index was down 0.53 percent or 9.51 points at 1,779.53. “Concerns over a US-China trade war are weighing on the market, prompting […]
(Eagle News) — Tutol ang Action for Economic Reforms (AER) sa mga panawagan na suspendihin ang fuel excise tax rates sa ilalim ng Tax Reform for Acceleration and Inclusion o TRAIN law. Ayon kay AER Coordinator Filomena Sta. Ana, kapag sinuspinde ang buwis sa langis ay mawawala ang kredibilidad ng tax reform. Kapag nawala aniya ang kredibilidad ay mawawala rin ang tiwala ng mga investor. Paliwanag pa ng AER, Hindi rin magiging maganda ang epekto […]
The dollar extended gains against its peers in Asian trade Wednesday as investors await a key Federal Reserve decision later in the day, but most equity markets dipped. As the euphoria over the historic summit between Donald Trump and Kim Jong Un recedes, investors are focusing on macroeconomic issues with concerns over global trade causing some discomfort. “With a rate hike widely expected, investors are focused on the Fed’s statement wording, economic projections and press […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as markets began looking past an historic US-North Korea summit towards major central bank decisions in the coming days. Markets moved little following the meeting between US President Donald Trump and the North Korean leader Kim Jong Un, with some analysts lauding the positive tone of the event but uncertain of whether it would result in significant change. “The general reaction in the markets […]
HONG KONG, China (AFP) — Hong Kong stocks started Monday with small losses following the weekend’s chaotic Group of Seven summit that showed deep divisions between the US and its allies, while dealers are looking ahead to Donald Trump’s meeting with Kim Jong Un. The Hang Seng Index dipped 0.16 percent, or 48.72 points, to 30,909.49. And the benchmark Shanghai Composite Index gave up 0.32 percent, or 9.81 points, to 3,057.34, while the Shenzhen Composite […]
TOKYO, Japan (AFP) — Japan’s economy slid into negative territory for the first time in two years at the beginning of the year, official data showed Friday, confirming preliminary figures issued last month. The world’s third-largest economy contracted by 0.2 percent quarter-on-quarter in the January-March period, unchanged from the preliminary figure, the Cabinet Office said. The new data also revises upwards the figure for the last quarter of 2017, to 0.3 percent from 0.1. The contraction […]
HONG KONG, China (AFP) — Asian markets rose on Wednesday as investors look ahead to a Group of Seven summit, while reports that China-US trade talks were progressing well provided some support. The gains extend a broad rally across the region in recent days as optimism in the US economy, the world’s biggest, has helped temper geopolitical worries. The Nasdaq hit another record in New York even as the lead from US traders was generally […]
KUALA LUMPUR, Malaysia (AFP) — Malaysia’s central bank governor has resigned, the prime minister said Wednesday, after claims the bank helped the previous regime cover debts linked to a financial scandal by purchasing government land. Muhammad Ibrahim’s days had looked numbered since the new government, which came to power last month after a shock election win, disclosed the purchase made by Bank Negara Malaysia from Najib Razak’s government. Former prime minister Najib, his family and […]
by Kamal Taha © Agence France-Presse AMMAN, Jordan (AFP) — Jordan’s King Abdullah II called for a review of a controversial draft tax law Tuesday as anti-austerity protesters staged another night of demonstrations in Amman and trade unions vowed to hold a general strike. For nearly a week, the capital and other cities have been hit by angry rallies against reforms backed by the International Monetary Fund that have brought repeated price hikes. Prime Minister […]
by David Harding Agence France Presse DOHA, Qatar (AFP) — On the first anniversary of a bitter Gulf diplomatic rift, Qatar’s foreign minister on Tuesday declared his country stronger than ever and said it was open to dialogue with its regional rivals. Mohammed bin Abdulrahman Al-Thani also rebuked Qatar’s foes for “imaginary victories” against the small Gulf state, the target of a Saudi-led boycott. “One year on and Qatar and its people are stronger,” Al-Thani, […]
RIYADH, Saudi Arabia (AFP) — The Saudi economy pulled out of recession in the first quarter of 2018 thanks to oil price rises, a think-tank said Tuesday. Capital Economics said the oil-dependent Saudi economy grew by 1.5 percent in the first quarter, after having contracted by 0.7 percent in 2017. “The oil sector was the main driver of the recovery,” the London-based group said. Oil prices surged to around $80 a barrel last month from […]
