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HONG KONG, China (AFP) — Most markets across Asia rose Thursday as investors welcomed a strong jobs report from the United States that reinforced optimism that the world’s top economy is well on the recovery track, though inflation concerns continue to dog trading floors. The White House’s support for a global waiver on patent protections for Covid vaccines also provided some cheer as it lifted hope for a speedier recovery in poorer nations that have […]
HONG KONG, China (AFP) — Equity markets were mixed in Asian trade Tuesday as investors bide their time ahead of the release of key US jobs figures later in the week. While the Dow and the S&P 500 on Wall Street provided a positive lead, there were few catalysts to drive business, with Tokyo and mainland China’s bourses closed for holidays. Still, a top US Federal Reserve official provided some welcome comments as he reiterated […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from their recent buying frenzy while there are also concerns that the more than year-long rally may have gone a little too far. Investment giant Warren Buffett instilled some unease after saying at the […]
HONG KONG, China (AFP) — The dollar broke through the 110 yen barrier Tuesday for the first time in a year as optimism about the global economic outlook and rising US bond yields see investors turn away from the safe haven Japanese unit. The greenback hit 110.18 yen in afternoon trade as investors grow increasingly confident that world growth will pick up pace this year thanks to huge stimulus spending, particularly by the United States. […]
by John BIERS NEW YORK, United States (AFP) — Oil prices surged Wednesday following the blockage of the Suez canal, while stocks were mixed as governments struggle to contain the latest wave of the coronavirus. Crude futures surged six percent as traders assessed the likely impact from the grounding of a giant container ship in one of the world’s busiest shipping routes. Dozens of ships were blocked by the Panama-flagged ship, but historic sections of […]
HONG KONG, China (AFP) — Markets fluctuated in Asia on Tuesday as traders struggle to reconcile growing optimism about the global recovery and worries that the expected surge in economic activity will fan inflation and force central banks to hike interest rates sooner than expected. A rally inequities across the world over the past year has started to run out of steam in recent weeks, despite the prospect of a sharp rebound in growth as […]
(Eagle News) – The Department of Agriculture is recommending the imposition of a price freeze on pork and chicken to prevent a further spike in the prices of these meat products as investigators found evidence of prices being jacked up by as much as P200 per kilo. In a statement, the department said that it has already recommended to President Rodrigo Duterte to impose a price freeze for pork and chicken – P270 per […]
HONG KONG, China (AFP) — Fears over a spike in infections around the world, the reimposition of containment measures and China-US tensions pushed Asian equities lower Tuesday, while oil prices were also hit by speculation top producers will begin tapering their output cuts. And news that Singapore’s economy, considered a regional barometer, contracted a mind-boggling 41 percent in the second quarter provided a stark reality-check for traders. After hitting lows in March, markets have been […]
SINGAPORE, Singapore (AFP) — Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent economy hammered by the coronavirus, preliminary data showed Tuesday. Year-on-year, the economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus. It marks the second consecutive quarter of contraction, meaning that the city state — which has one of the […]
NEW YORK, United States (AFP) — Global stocks powered higher Tuesday as strong US retail sales data bolstered confidence in the economic recovery, even as China further tightened restrictions to try to limit a fresh coronavirus outbreak in Beijing. Major indices in Europe and the United States gained following a surprisingly big rebound in retail sales in May, which came after an April marred by widespread coronavirus shutdowns. Analysts also pointed to a boost from […]
(Eagle News)–Public and private markets in Quezon City will operate only on selected hours during the modified enhanced community quarantine. According to the localized guidelines issued by the Quezon City government on Sunday night, operating hours are only from 5 a.m. to 6 p.m. The marketing schedule previously implemented by the barangay that has jurisdiction over the market shall be strictly followed. All stalls that are allowed to operate according to national government guidelines shall […]
SINGAPORE, Singapore (AFP) — US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal. West Texas Intermediate (WTI), the US benchmark, fell more than 19 percent to $14.73 a barrel in early Asian trade, before markets steadied and it clawed back some ground to $15.78 a barrel. International benchmark Brent dropped 4.1 […]
