Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
MUMBAI, India (AFP) — India’s stock markets hit record highs on Tuesday with the National Stock Exchange’s much-watched Nifty index breaking the psychological 10,000 point mark for the first time as traders take heart from economic reforms. The Nifty, which consists of 50 of India’s top companies across more than a dozen sectors, rose 0.45 percent, or 44.90 points, to hit 10,011.30 shortly after opening. That came as the Bombay Stock Exchange’s Sensex index extended its […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday. However, wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in place since the 2008 crisis could erode stability, […]
QUEZON City, Philippines (Eagle News) — National Economic Development Authority (NEDA) Chief Secretary Ernesto Pernia allayed fears of a negative impact of a martial law extension to the country’s economy. Pernia said that he recently attended a meeting with businessmen from Cagayan De Oro City where the businessmen expressed that they feel safer because of martial law. “I was in Cagayan de Oro just the other day and there were businessmen there in the forum […]
(Eagle News) — The Asian Development Bank forecast a “strong growth” for the Philippine economy for 2017 and 2018, with inflation predicted to pick up, and current account expected to post a surplus. The Manila-based lender pegged Gross Domestic Product growth for 2017 at 6.4 percent, and for 2018 at 6.6 percent. In 2016, ADB said the Philippine economy posted a 6.8-percent growth, buoyed by domestic demand. It said in that same year, private consumption […]
BEIJING, China (Reuters) — China’s economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, the National Bureau of Statistics said on Monday (July 17). The economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, but analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk. Analysts polled by […]
by Allison JACKSON Agence France Presse BEIJING, China (AFP) — China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP. That follows a better-than-expected increase of 6.9 percent in the […]
ISTANBUL, Turkey (AFP) — The oil industry must accept that global demand for crude may fall by 2050 but rich potential remains in hydrocarbons, especially gas, the head of French energy giant Total said Tuesday. Total Chief Executive Officer Patrick Pouyanne said climate policies and electric cars would affect demand for oil in the next three decades. “It is possible that by 2040-2050 oil demand will not be as high as it is today,” he told […]
by Marion THIBAUT / Phyo Hein KYAW Agence France-Presse MYAWADDY. Myanmar (AFP) – With only meager belongings stuffed into backpacks and duffel bags, tens of thousands of Myanmar migrants have streamed home across the Thai border over the past two weeks. But it is not a joyous homecoming for the truckloads of men and women, who fled Thailand in fear of a new law that hardens penalties on the millions of undocumented migrant […]
MOSCOW, Russia (AFP) — Russia will start supplying gas to China through a new pipeline by the end of 2019, state gas giant Gazprom said Tuesday, as part of a mammoth $400-billion deal. “Today a deal was signed…about the date of the start of gas deliveries through the ‘Power of Siberia’ pipeline. It is December 20, 2019,” Gazprom boss Alexei Miller told journalists. After a decade of negotiations, Russia inked a mammoth 30-year deal in […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with energy firms rallying with their United States counterparts after the recovery in oil prices extended in New York, where the Dow chalked up another record high ahead of Independence Day. Crude lost around a fifth of its value between mid-May and mid-June, hitting 10-month lows, as traders fretted that a pick-up in US output was offsetting cuts by key producers in OPEC and […]
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, […]
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 […]
