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by Elaine Yu Agence France-Presse HONG KONG, China (AFP) — Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion, the company said Monday, as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled as part of a management overhaul that has seen the London-based behemoth roar back from costly write downs. John Flint, head […]
HONG KONG, China (AFP) — Asian stocks markets were largely flat in early trade on Monday as investors braced for key earnings reports and US President Donald Trump’s announcement of the new Federal Reserve chair. Hong Kong and Tokyo shed early gains after traders — boosted by strong US growth data at the back end of last week — had initially followed Wall Street upward, while the Shanghai exchange was more sharply down. Wall Street […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday on the back of gains on Wall Street and with hundreds of Japanese firms reporting earnings this week, including Nintendo and Sony. The benchmark Nikkei 225 index rose 0.35 percent, or 76.02 points, to 22,084.47 in early trade, while the broader Topix index was little changed, inching up 1.22 points to 1,772.27. “The Japanese market will likely remain solid this week as there is a […]
By Caesar Vallejos, EBC Correspondent Headed by Jaime Augusto de Ayala (JAZA), the first Filipino and the first from Southeast Asia to be recognized by the United Nations as a Sustainable Development Goals (SDG) Pioneer, the Ayala Corporation presented its sustainable initiatives to members of the Nordic diplomatic community and European and Philippine businessmen in a forum on Corporate Sustainability at the Shangri-La at The Fort last October 26, 2017. A company that builds businesses […]
LOS ANGELES, United States (AFP) — United Airlines on Friday was set to launch the longest non-stop flight to or from the United States, an 8,700-mile (14,001-kilometer) journey connecting Los Angeles and Singapore. The nearly 18-hour flight will depart Los Angeles at 9:25 pm local time and will land on Sunday in Singapore at 6:20 am local time. United officials said the daily service will be the longest non-stop flight from the US to anywhere […]
(Eagle News) — Nakahandang gumastos ng P11 billion ang kumpanyang PLDT sa susunod na dalawang taon para pondohan ang modernization plan nito, kabilang ang fiber Internet na naglalayong mapabuti ang Internet speed sa bansa. Ilalaan ang nasabing budget sa pagro-roll-out ng million fiber ports sa buong bansa at pag-u-upgrade ng fiber optics cable mula sa Digital Subscriber Line (DSL) sa mahigit 1.3 million subscribers. Ayon kay Marco Borlongan, PLDT First Vice President at Head of […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday, boosted by exporters and banks as the yen fell against the dollar on hopes for US President Donald Trump’s much-anticipated tax cut. The benchmark Nikkei 225 index rose 0.59 percent, or 129.16, to 21,868.94 in early trade, while the broader Topix index was up 0.44 percent, or 7.69 points, at 1,761.59. “Japanese stocks will test higher prices as investors cheer a rebound in the New […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — Twitter shares staged a powerful rally Thursday after the long-struggling social network said it hopes to post its first profit soon, following years of losses. The sharp rebound sent Twitter shares higher by 18.5 percent to $20.31 — the highest close in three months — on the back of investor optimism at its third quarter results, even though the firm posted ongoing losses and […]
SAN FRANCISCO, United States (AFP) — Microsoft on Thursday delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business services. For its first fiscal quarter to September 30, the tech giant said profit was up 16 percent from a year ago to $6.6 billion. Revenue meanwhile rose 12 percent to $24.5 billion for the one-time tech sector leader which has shifted its focus away from consumer software to a […]
(Eagle News) — Positibo ang National Economic and Development Authority (NEDA) na agad makakabangon ang negosyo sa Marawi City matapos ang bakbakan doon. Ayon kay Socioeconomic Planning Secretary Ernesto Pernia, maaari nang ituloy ng mga negosyante ang mga naunsyami nilang negosyo at maging ang mga pag-invest pa ng mga mamimili. Una nang sinabi ng Bangko Sentral Ng Pilipinas (BSP) na naging positibo ang business outlook para sa fourth quarter ng taon, na may Confidence Index […]
TOKYO, Japan (AFP) — Tokyo stocks opened slightly lower Thursday but then moved into the green, supported by some sound corporate earnings and optimistic views on the global economy. The Nikkei 225 gained 0.29 percent, or 62.34 points, to 21,769.96 in early trade, while the broader Topix index edged up 0.12 percent, or 2.17 points, to 1,753.60. “Even though the 16 straight days of rallies of the Nikkei index stopped, there is no big change in the […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Boeing strongly defended its tough stance in a trade dispute with Canada’s Bombardier Wednesday, as it reported lower quarterly earnings in part due to unexpected costs on a military contract. Boeing chief executive Dennis Muilenburg defended a complaint against the Canadian company over alleged illegal subsidies, a dispute that has deepened tensions between Canadian Prime Minister and US President Donald Trump. “We like competition. It makes us […]
