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NEW YORK, United States (AFP) — US equities suffered in Monday’s trading despite hopes for progress in peace talks between Ukraine and Russia as well as a drop in oil prices fueled by new Covid-19 lockdowns in China. Europe shrugged off earlier losses in Asia after Moscow said it made headway Monday in peace talks with Kyiv ahead of the latest round of negotiations. But Wall Street was generally gloomy, with indices starting positively […]
(Eagle News) — Big oil companies started to implement a big-time price increase on its petroleum products on Tuesday, January 15. Gasoline prices increased by Php 1.45 per liter while diesel prices increased by Php 2.30 per liter. Oil companies such as Petro Gazz, Total, Jetti, UniOil, Phoenix, Petron, Flying V, Seaoil and Shell implemented the price adjustment on its petroleum products starting 6:00 am today. Eastern Petroleum and Caltex were the first to implement […]
(Eagle News) — The series of reduction in the prices of petroleum products is due to the ample supply of petroleum in the international market, according to the Department of Energy (DOE). In an interview with Eagle News Service, Energy Assistant Director on Oil and Management Bureau Rodela Romero explained that the crude oil pricing in the world market affects oil prices in the country, particularly because we are highly dependent on imported fuel. Romero […]
NEW YORK, United States (AFP) — Global stocks plunged Tuesday as a sharp downward trend in the technology sector hit valuations hard and the Dow gave up all its gains for the year. In Europe and Asia, there was much talk about the surprise arrest of Carlos Ghosn, boss of the Renault-Nissan-Mitsubishi alliance, and stocks in the three companies plunged, while Wall Street suffered a second big decline. Analysts at Capital Economics forecast the tech […]
HONG KONG, China (AFP) — Asian investors extended a rally on Tuesday, tracking another Wall Street record as investors cheered a fresh trade deal between the United States and Mexico that brings an end to one row picked by Donald Trump that had rattled global markets. The agreement raises hopes the two-decade-old North American Free Trade Agreement, torn up by the White House soon after Trump’s election, can be salvaged after Canada rejoins talks on […]
HONG KONG, China (AFP) — The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia’s major markets edged up after recent losses. While the corporate earnings season is maintaining traders’ attention, the release on Friday of US economic growth data is a key marker with a strong reading likely to reinforce opinions that borrowing […]
NEW YORK, United States (AFP) — Stock markets across the world sprang higher Tuesday following a conciliatory speech by Chinese President Xi Jinping that reassured investors a trade war with the United States could be avoided. Following boosts to stock market indices across Asia and Europe, US benchmarks also shot higher, with the Dow finishing up nearly two percent. Xi pledged to lower tariffs on auto imports this year and take other steps to open […]
With the price of wheat going down in the World Market, Trade and Industry Undersecretary Victorio Dimagiba said that consumers should expect a price cut on bread and instant noodles, with the price of bread going down by 50 centavos to one peso. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/MA_NFAg32tQ
Due to the continuing decrease on the price of oil in the World Market, motorists should expect another oil price rollback this week.
