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Prieto family says move to divest from Inquirer was a “strategic business decision” (Eagle News) — The Inquirer said Monday its owners – the Prietos — are in talks to sell the business to business tycoon Ramon Ang. Marixi Prieto, chairwoman of the Inquirer Group of Companies, said the family had decided to quit the publishing business and was in talks to sell it to the president of top Philippine conglomerate San Miguel Corp. “The […]
BEIJING, China (Reuters) — China’s economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, the National Bureau of Statistics said on Monday (July 17). The economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, but analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk. Analysts polled by […]
NEW YORK, United States (AFP) — Wall Street stocks finished at fresh records Friday following solid bank earnings, while the dollar retreated after lackluster US data raised questions about additional Federal Reserve rate hikes. The Dow and S&P 500 ended at fresh records in anticipation that teh positive bank results foreshadow a generally strong earnings period. The records, the third in a row for the Dow, capped a strong week for US stocks that some […]
by Allison JACKSON Agence France Presse BEIJING, China (AFP) — China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP. That follows a better-than-expected increase of 6.9 percent in the […]
HONG KONG, China (AFP) — Asian traders headed into the weekend cautiously on Friday following a broadly positive week across global equity markets after Federal Reserve chief Janet Yellen indicated a softer approach to raising United States interest rates. The Dow on Wall Street posted a second-successive record as investors cheered the more dovish tone from the central bank, which has been moving to tighten monetary policy as the world’s top economy continues to pick […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Microsoft has ended support for its Windows 8 smartphones, as the United States tech giant focuses on other segments, amid ongoing speculation about its strategy for mobile. Users of Windows-powered phones — which have failed badly against rivals from Apple and Google Android — were invited to upgrade to its latest Windows 10 version after Microsoft officially stopped supporting the earlier version on […]
(Agence France Presse) — Top Philippine conglomerate San Miguel said on Thursday it had acquired an Australian wine bottling firm as part of its regional expansion. Packaging unit San Miguel Yamamura Packaging International bought Australia’s Barossa Bottling Services for an undisclosed amount, a San Miguel statement said. “We remain bullish on the Australasian market and will continue to look for bigger and better opportunities in that region,” San Miguel president and chief operating officer Ramon […]
HONG KONG, China (AFP) — Asian markets surged on Thursday, extending a global rally that saw another record on Wall Street after the head of the Federal Reserve indicated it would take a gradual approach to raising United States interest rates. In closely watched testimony to Congress, Janet Yellen said the central bank would keep lifting borrowing costs as long as the world’s top economy showed improvement, taking into account inflation remained below its two […]
PARIS, France (AFP) — Google is not liable for 1.115 billion euros ($1.272 billion) in unpaid taxes claimed by the French state, a French court ruled Wednesday, saying the internet giant’s Irish subsidiary is not taxable in France. “The French company Google Ireland Limited (GIL) is not taxable in France for the 2005 to 2010 period,” the court ruled. Google paid just 6.7 million euros in corporate taxes in 2015 in France by booking revenues […]
NEW YORK, United States (AFP) – American Airlines said Wednesday it is ending its codeshare relationships with Qatar Airways and Etihad Airways as part of its push against government subsidies of Middle Eastern carriers. American notified Doha-based Qatar Airways and Abu Dhabi-based Etihad of its decision on June 29 to end the “codeshare” partnership — the sharing of a flight by two carriers. Maintaining the program “no longer (makes) sense for us,” an American […]
SAN FRANCISCO, United States (AFP) – Worldwide shipments of personal computers continued to slump in the recently ended quarter but showed signs of stabilizing, according to figures released Wednesday by market trackers. Preliminary estimates released by Gartner indicated that 61.1 million PCs were shipped in the second quarter of this year in a 4.3 percent decline from the same period a year earlier. An IDC Worldwide Quarterly Personal Computer Device Tracker report put the figure […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Wall Street stocks finished little changed Tuesday, rebounding from a mid-session swoon sparked by unease over Donald Trump Jr’s interactions with Russian interests. Markets had been chugging through a sleepy session until the midday release of emails by the United States president’s son showing the younger Trump embraced Russia’s efforts to support his father’s presidential campaign, reviving worries that White House’s Russia travails could […]
