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SEOUL, South Korea (AFP) — South Korean giant Samsung on Thursday posted record quarterly earnings, putting it on course to overtake Apple as the world’s most profitable tech firm as it seeks to move past a bribery scandal and last year’s recall debacle. The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the jump in April-June and predicted another blockbuster report for the current quarter […]
NEW YORK, United States (AFP) — Coca-Cola announced plans Wednesday to launch a revamped “Coke Zero” in the United States as it expands offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas. The soda, “Coke-Cola Zero Sugar,” which is already on the market in much of Europe and Latin America, will be available in the US starting in August. The launch comes at a time when more cities around the US have […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while revenue climbed 45 percent to $9.3 billion. In after-hours trade, Facebook shares rose some 3.4 percent to $171.35 on the […]
Nasisiyahan ang ilang negosyante sa isang taong pamumuno ni Pangulong Rodrigo Duterte. Natutuwa anila sila sa paglaban ni Duterte sa katiwalian, ilegal na droga at sa kriminalidad. Ayon sa mga negosyante, importante ang mga ito upang magkaroon ng magandang pundasyon para sa pagpapalawig ng ekonomiya ng bansa. Naghahanda na ang Malacañang ng accomplishment report kaugnay sa unang isang taon ni Pangulong Duterte.
HONG KONG, China (AFP) — Asian markets mostly rose on Wednesday, led by energy giants on the back of rising commodity prices, while traders were also buoyed by strong earnings and positive economic data that saw Wall Street rack up fresh records. Improving demand and the weakening dollar helped fuel a jump in copper prices to five-month peaks, while oil has also been boosted by a report pointing to lower United States stockpiles. Both crude […]
NEW YORK, United States (AFP) — McDonald’s feasted on a big jump in profits in the latest quarter, amid strong United States sales driven by a discounted soda promotion and a premium sandwich launch, the company reported Tuesday. Net income for the quarter ending June 30 surged 28 percent, a $1.4 billion jump from the same period of 2016, and easily topping analyst expectations. However, revenues dipped three percent to $6.0 billion, partly due to […]
NEW YORK, United States (AFP) — Airlines will need 637,000 new pilots over the next 20 years to keep pace with the growth of global air traffic, Boeing reported Tuesday in an annual report on the subject. Its latest estimate of the pilot requirements is up 3.6 percent from last year’s report. Airlines in the Asia-Pacific region alone will need 253,000 new pilots, a third of the total, according to the report, which was prepared by […]
MUMBAI, India (AFP) — India’s stock markets hit record highs on Tuesday with the National Stock Exchange’s much-watched Nifty index breaking the psychological 10,000 point mark for the first time as traders take heart from economic reforms. The Nifty, which consists of 50 of India’s top companies across more than a dozen sectors, rose 0.45 percent, or 44.90 points, to hit 10,011.30 shortly after opening. That came as the Bombay Stock Exchange’s Sensex index extended its […]
SAN FRANCISCO, United States (AFP) — Microsoft on Monday announced the end of days for its pioneering Paint application as it focuses on software for 3-D drawing. Paint drawing and image processing software that made its debut in 1985 with the Windows operating system was among the applications listed as “removed or deprecated” in a Windows 10 Fall Creators Update set for release later this year. Features or functions on the list “are not in […]
CALIFORNIA, United States (Reuters) — Alphabet Inc reported a 27.7 percent drop in quarterly profit Monday (July 24) as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the European Union. EU antitrust regulators last month hit Google with a record 2.4-billion-euro ($2.7 billion) fine for favoring its own shopping service, taking a tough line in the first of three probes of its dominance […]
NEW YORK, United States (AFP) — Wall Street finished split on Monday, with the Dow and S&P 500 lower, while the Nasdaq closed at a fresh all-time high. The tech-heavy Nasdaq was drawn higher in anticipation of earnings from Google-parent Alphabet after the close, which handily beat analyst expectations, but saw its share price fall in after-hours trading. The Nasdaq rose 0.4 percent to reach a new record finish at 6,410.81, the fourth record in […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday. However, wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in place since the 2008 crisis could erode stability, […]
