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President Rodrigo Duterte on Monday, November 13, said he is mulling more investments from India, particularly in the manufacture of cheaper medicine. President Duterte held a bilateral meeting with Indian Prime Minister Narendra Modi on the sidelines of the 31st Association of Southeast Asian Nations (ASEAN) Summit. “We want to discuss trade relations further and especially, the most important one is that… and I’m happy that you’re here because if we can’t find the […]
by Jung Ha-Won Agence France-Presse SEOUL, South Korea (AFP) — South Korean tech giant Samsung Electronics logged a record profit of 11.2 trillion won — $10.0 billion — in the July to September period, it said Tuesday, its best for any quarter. The world’s biggest memory chip and smartphone maker has had its de facto leader jailed for bribery and faced a recall of its flagship Galaxy Note 7 device. But its net profits soared […]
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 […]
The University of the Philippines Junior Finance Association is holding a financial summit on April 8 with the aim of spreading financial literacy to the youth. The summit–which is the flagship event of UP JFA’s Investment Month 2017–will be held in SM Aura. Themed “Nation-Building through Finance,” it aims to target around 1000 people all over the country, specifically the young who include college students, and junior and senior high school students. Delegates can expect talks and seminars by top […]
BUENOS AIRES, Argentina (AFP) — Shell has confirmed it will invest $300 million to develop a shale oil and gas reserve in southern Argentina, executives said Friday. Argentina oil company YPF said in a statement it would partner with the Anglo-Dutch company Shell to exploit the huge Vaca Muerta reserve. Exploration of the field has yielded “excellent results,” it quoted Shell Argentina boss Teofilo Lacroze as saying. US and French firms are among the other […]
by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future. In earnings that topped most forecasts, Facebook said it made a net profit of $3.7 billion on revenue of $8.6 billion in the fourth quarter, as compared with profit of $1.6 billion on […]
