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NEW YORK, United States (AFP) — Wall Street stocks finished a banner month on a mostly positive note Thursday on optimism over US-China trade relations, while European bourses were pressured following tepid economic data. The Dow finished the session a hair lower, but up 7.2 percent for all of January, in its best start to the year in 30 years. The S&P 500 and Nasdaq finished solidly higher as Wall Street continued to cheer the […]
(Eagle News) — The Philippine economy posted a 6.2 percent growth in 2018, the Philippine Statistics Authority announced on Thursday, Jan. 24. This was after the economy posted a 6.1 percent growth in the fourth quarter of 2018. According to the PSA, this was higher than the 6.0 percent recorded in the third quarter of 2018. It said it was, however, lower than the 6.5 percent recorded in the same quarter in 2017. https://youtu.be/r2eDNstOiM8
SEOUL, South Korea (AFP) — South Korea’s GDP growth slowed to its weakest in six years at 2.7 percent in 2018, the central bank said Tuesday, as President Moon Jae-in’s ratings fall amid concerns over the health of the world’s 11th-largest economy. Public discontent over the sluggish economy, especially on relatively high youth unemployment, has dragged Moon’s approval ratings below 50 percent, down from the 80s he was scoring in May after his first summit […]
by Lillian DING / Lianchao LAN Agence France Presse HONG KONG, China (AFP) — China’s economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the government struggles to contain ballooning debt and a bruising trade war with the United States. And in a sign of the battle Beijing faces in getting things back on track, the survey of 13 economists also forecast expansion in the […]
by Michelle FITZPATRICK / Tom BARFIELD Agence France Presse Official data suggested Tuesday that Germany avoided a recession at the end of 2018 but confirmed a sharp slowdown in growth last year as Europe’s largest economy cooled off from boom times. Economic growth sank to 1.5 percent in 2018 from 2.2 percent in the previous two years, federal statistics authority Destatis said. In absolute terms, Germany’s 2018 GDP was around 3.4 trillion euros ($3.9 […]
by Michelle Fitzpatrick Agence France Presse FRANKFURT AM MAIN, Germany (AFP) — Germany will find out on Tuesday if Europe’s top economy ended 2018 in a technical recession, with fears over slowing momentum fuelling calls for Berlin to use its fiscal leeway to bolster growth. Federal statistics office Destatis will publish a preliminary estimate of Germany’s fourth quarter and full-year gross domestic product figures for 2018, data closely watched across the eurozone for signs […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump’s multi-front trade wars are dragging on the economy and shaking up investors. The message, from the senior Federal Reserve official with the closest links to US financial markets, sent the Dow Jones Industrial Average surging 300 […]
ZURICH, Switzerland (AFP) — Switzerland’s economy abruptly went into reverse in the third quarter, contracting by 0.2 percent, with exports tumbling and even the country’s vaunted financial sector seeing growth halt. “The strong, continuous growth phase enjoyed by the Swiss economy for one and a half years was suddenly interrupted,” said the State Secretariat for Economic Affairs (SECO). “Switzerland is thus following the significant economic downturn seen at the same time in other European countries, […]
by Ryan MCMORROW Agence France Presse BEIJING, China (AFP) — China’s economy grew at its slowest pace in nine years in the third quarter, as a campaign to tackle mounting debt and trade frictions with the US had an effect. The world’s second largest economy expanded by 6.5 percent in the July-to-September period year-on-year, according to official GDP figures released Friday by China’s National Bureau of Statistics. The rate is down from 6.8 percent and […]
(Eagle News)–President Rodrigo Duterte is in Hong Kong to take a rest, Special Assistant to the President Bong Go said. The President was accompanied by Go, his daughter Kitty and partner Honeylet Avancena. The President’s family will reportedly return on Sunday, Oct. 7. President Duterte took the weekend break after Presidential Spokesperson Harry Roque revealed the chief executive had undergone followup tests to determine whether there was a “growth” in his digestive tract.
(Eagle News) — President Rodrigo Duterte had to undergo follow-up tests on Wednesday, Oct. 3, after a possible “growth” was seen in his digestive tract based on results of initial tests, Presidential Spokesperson Harry Roque said on Friday, Oct. 5. According to Roque, based on Duterte’s report in a general staff command conference on Thursday, Oct. 4, he underwent the follow-up endoscopy at the Cardinal Santos Medical Center. Duterte said in a speech before Philippine […]
WELLINGTON, New Zealand (AFP) — New Zealand’s economic growth hit a two-year-high in the second quarter on the back of a strong performance from the agricultural sector, official data showed Thursday. Statistics New Zealand said the economy expanded 1.0 percent in the three months to June 30, the biggest quarterly rise since mid-2016. The agriculture, fisheries and forestry sector was the standout performer, up 4.1 percent, with mining the only industry among the 16 measured […]
