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by Roland Jackson Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly rose Friday, with Wall Street scoring fresh records, amid upbeat sentiment over growth and the upcoming third-quarter corporate reporting season. Both the S&P 500 and Nasdaq ended at records, with technology shares especially strong. Money managers have been cheered by the release of President Donald Trump’s tax cut plan, as well as expectations of solid earnings. Analysts estimate companies in […]
(Eagle News) — After almost a decade of delay, authorities on Friday held the launch of the start of construction of the P2.8-billion Grand Unified Central Station that will link the Light Rail Transit 1, the Metro Rail Transit 3 and the planned MRT 7, in Quezon City. In a television interview, Department of Transportation Secretary Arthur Tugade said the launch of the P2.8-billion project was made possible after the “parties involved” sat down and […]
by Kyoko Hasegawa Agence France Presse TOKYO, Japan (AFP) — A raft of broadly positive economic data gave Japan’s Prime Minister Shinzo Abe a boost on Friday, as he kicked off an election campaign in which the health of the world’s third-biggest economy will play a major role. Factory output grew more than expected while household spending — seen as key for Japan’s exit from years of deflation — edged up and the unemployment rate […]
by Danny Kemp Agence France Presse BRUSSELS, Belgium (AFP) — Britain and the European Union on Thursday hailed the progress of “constructive” Brexit divorce negotiations following a major speech by Prime Minister Theresa May, but Brussels warned that trade talks may still be months away. Speaking after the fourth round of talks in Brussels, European Union negotiator Michel Barnier and his British counterpart David Davis agreed that May’s speech in Florence had created a “new […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — US and European stocks won modest gains Thursday, while the dollar pulled back with some analysts pointing to ebbing optimism about Washington’s ability to enact a tax cut. Wall Street scored significant gains Wednesday after the outline of President Donald Trump’s long-awaited tax cut was finally released. The proposal would cut the corporate tax rate from 35 percent to 20 percent as part […]
(Eagle News) — Philippine Airlines on Thursday said it would “continue to cooperate with any and all agencies to resolve” issues in relation to what the government said were its unpaid navigational charges. In a statement, PAL said the “issue…involves complex legal issues which PAL has been trying to thresh out with the (Civil Aviation Authority of the Philippines) for years.” PAL said it was CAAP which, in August 2016, “sent letters to the company […]
TOKYO, Japan (AFP) – Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles. The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources. Joint research — sharing cost, engineers and knowledge — is necessary to meet increasingly […]
NEW YORK, USA (Reuters) — Microsoft Corp Chief Executive Officer Satya Nadella said on Wednesday (September 27) the company’s search engine, Bing, will focus on expanding in the PC search market after losing its deal with Apple Inc’s voice assistant Siri. “Bing…is a big business growing at a strong double-digit rate, and we see a significant opportunity for us, even on the PC side,” Nadella said at a Reuters newsmaker event in New York. Earlier this […]
HONG KONG, China (AFP) — Most Asian markets edged up Wednesday and the dollar extended gains against its peers on expectations of further interest rate rises, while traders await the release of Donald Trump’s tax reform plan. While shares were broadly in positive territory, US-North Korea tensions continue to jangle nerves and keep investors from buying with any conviction. Hong Kong added 0.5 percent, while Shanghai edged up 0.1 percent and Singapore gained 0.8 percent. […]
by Julie Chabanas and Adam Plowright Agence France-Presse PARIS, France (AFP) — The maker of France’s TGV trains announced Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion. The state-controlled Alstom, the manufacturer of French high-speed trains, which are a source of national pride, called the tie-up with its German competitor “a key moment in Alstom’s history, confirming its position […]
GENEVA, Switzerland (Reuters) — Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum (WEF) said in its annual ranking on Tuesday (September 26). Since suffering a rare blip in 2008, when it was nudged into second place by the United States, the Swiss economy has maintained an efficient but unshakable grip on the top spot. The World Economic Forum, the same organization that runs the Davos meeting […]
TOKYO, Japan (AFP) — Tokyo stocks opened slightly lower Tuesday on a stronger yen as investors snapped up the safe haven currency following the latest flare-up between Washington and North Korea. The bellwether Nikkei 225 index fell 0.22 percent, or 43.99 points, to 20,353.59 in early trade, while the broader Topix index was down 0.08 percent, or 1.30 points, at 1,671.52. Okasan Online Securities said in a commentary that Japanese shares were following Wall Street […]
