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(Eagle News) — The National Food Authority (NFA) said it will start the distribution of the imported rice from Vietnam in public markets. NFA Spokesperson Rex Estoperez said 222,000 sacks of NFA rice have already been delivered in Subic Port. An additional 100,000 sacks of rice werealso delivered in Surigao. Once the unloading of imported rice is finished, some of the imported rice will be delivered in Bataan, Pampanga and Zambales markets, Estoperez said. The […]
NEW YORK, United States (AFP) — Global oil prices fell Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea. Saudi oil minister Khaled al-Faleh said at an economic conference in Russia that a gradual output increase could happen in the second half of the year to prevent […]
Asian markets mostly fell on Friday as Donald Trump shocked the world by pulling out of next month’s historic summit with Kim Jong Un, though analysts said the losses were tempered by hopes the talks can be rekindled. Traders had already been nervous in recent days after the US president warned he could pull out of the June 12 meeting with the North Korean leader, while also voicing his displeasure at a deal to […]
HONG KONG, China (AFP) — Asian markets went into reverse Wednesday, tracking fresh losses on Wall Street as investors fret about rising US Treasury yields and speculation that interest rates will rise four times this year. Technology firms were once again in the firing line in response to a plunge in Google parent Alphabet on costs worries, while Apple shares suffered a fifth straight loss because of concerns over the crucial smartphone sector. The yield […]
TOKYO, Japan (AFP) — Tokyo stocks fell for the third straight session on Tuesday as high-tech shares faced selling pressure after a Facebook data breach scandal sent US stocks sharply down. The benchmark Nikkei 225 index lost 0.47 percent or 99.93 points to close at 21,380.97, while the broader Topix index was down 0.21 percent or 3.68 points at 1,716.29. “High-tech shares were hit by the data breach at Facebook,” said Hikaru Sato, senior technical […]
NEW YORK, United States (AFP) — US stocks rose following a more placid session in terms of national politics on Friday, while European equities were boosted by data showing modest eurozone inflation. US equities have been pressured this week amid talk of additional US tariffs and as President Donald Trump has shaken up his Cabinet, moving to replace Rex Tillerson as secretary of state with current CIA Director Mike Pompeo. White House watchers are girding […]
HONG KONG, China (AFP) — Asian markets tumbled on Wednesday as news that Donald Trump had replaced his moderate secretary of state with a hawk fanned fears of instability in the White House and a more hardline approach to foreign affairs. News that Rex Tillerson had been sacked rattled US equities, which had been buoyed earlier Tuesday by a soft inflation report that tempered talk of a sharp rise in interest rates. The former […]
HONG KONG, China (AFP) — Asian markets turned negative again on Monday as the fallout from Donald Trump’s steel and aluminum tariffs continues to feed concerns of a global trade war. Equities went into a tailspin last week after the tycoon unveiled his plans for the controversial levies, and while US investors ended Friday on a slightly positive note, there is still the prospect of more volatility to come. Trump ramped up his rhetoric at […]
NEW YORK, United States (AFP) — Stock markets wavered on Wednesday on surprisingly strong American inflation data, but rallied to finish higher in both Europe and the US. European equity markets briefly tumbled into the red, as the US pricing data fueled expectations that borrowing costs might be ramped up more aggressively than previously thought. US stocks also sold off, opening lower, but soon moving into positive territory and finishing solidly higher. The S&P 500 gained 1.3 percent […]
HONG KONG (AFP) – Tokyo led most Asian markets lower on Wednesday, extending the previous day’s losses while nervous investors await the release of key US inflation data later in the day fearing a renewal of recent volatility. While Hong Kong and Seoul clocked up healthy gains following a positive lead from Wall Street, uncertainty continues across trading floors after the pain of last week. Tokyo, which ended Tuesday at a four-month low, fell again with […]
NEW YORK, United States (AFP) — Most stock markets around the world pushed higher Tuesday on investor relief over the end of the US government shutdown, dealers said. Leading bourses in Asia climbed more than one percent, while the S&P 500 and Nasdaq finished at records for the third straight day. “A resolution to the US government shutdown has helped boost Asian and European indices,” said IG analyst Joshua Mahony. “However, with a short-term solution in place, […]
WASHINGTON, United States (AFP) — Shares in a New York beverage company nearly tripled by midafternoon Thursday after it announced it was shifting into cryptocurrency-related investments. Long Island Iced Tea Corp of Farmingdale, New York — which says it currently produces the soft drink with a proprietary recipe — announced Thursday it was changing its name to “Long Blockchain Corp” and would explore investments in the technology underlying cryptocurrencies like bitcoin. Shares in the company were up […]
