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HONG KONG, China (AFP) — Energy firms took a hit on Friday after crude prices plunged almost five percent the previous day as traders were left disappointed by the Organization of Petroleum Exporting Countries latest output cuts. Keenly awaited talks between the bloc and Russia ended Thursday with news that a deal to reduce output for six months until the end of June would be increased by another nine months in a bid to address an […]
by Simon Sturdee and Joseph Sotinel Agence France Presse VIENNA, Austria (AFP) — Oil producers within and outside the Organization of Petroleum Exporting Countries agreed on Thursday to extend output cuts into 2018 to ease a global supply glut and support the price of crude. Market prices for oil fell, however, because of disappointment that there was no decision to deepen the cuts in the face of rising United States output, but also in profit-taking following […]
NEW YORK, United States (AFP) — Buoyant trading in New York saw Wall Street set fresh records on Thursday, with United States stocks recording their sixth consecutive positive finish. European markets were mainly in negative territory, however, and oil shares suffered on investor disappointment following an Organization of Petroleum Exporting Countries decision not to deepen cuts in crude output or prolong them past March of next year. Oil futures nose-dived by about $2.50 in New […]
BEIJING, China (Reuters) – The Chinese mainland welcomes participation by Taiwan in the Belt and Road construction to share development opportunities, a mainland spokesperson told a press briefing on Thursday in Beijing. Spokesperson for State Council Taiwan Affairs Office An Fengshan, said that the cross-Strait communication and negotiation mechanisms have been broken off because of the Democratic Progressive Party’s refusal to recognize the 1992 Consensus. The mainland, however, still expects and welcomes the participation of Taiwan […]
WASHINGTON, United States (AFP) — Facebook on Wednesday unveiled its latest redesign to its “trending topics” feature — its latest move to give users a variety of sources on important news events. The huge social network — which has faced criticism for creating “filter bubbles” that reinforce the views of users, and has been accused of bias in selecting its news sources — said the new design will offer a “carousel” with a variety of […]
The global health information management systems (HIMS) services market is expected to grow from USD 33.4 billion in 2015 to USD 59 billion in 2022 at a compound annual growth rate of 8.5%. “This was the opportunity we wanted to capitalize on when we decided to acquire SPi Healthcare,” said ADEC Innovations CEO James Donovan during their recent Signing Ceremony with SPi Global at The Palms Country Club in Alabang. This projection for the HIMS […]
HONG KONG, China (AFP) — Asian traders trod carefully Tuesday as profit-taking from the previous day’s rally offset a healthy lead from Wall Street, while the pound briefly fell after authorities said a blast in Manchester could be terror-related. Global markets pushed higher Monday as energy firms benefited from a surge in oil prices as OPEC and Russia look set to extend an output cut, while US dealers welcomed an optimistic survey on US manufacturing. […]
NEW YORK, United States (AFP) — US stocks continued to rebound from last week’s rout on Monday, rising for the third straight session, while oil prices strengthened ahead of a closely-watched OPEC meeting. European stocks finished modestly lower, while Tokyo and Hong Kong both gained. Continued US economic optimism was reflected in a new survey showing executives in the manufacturing and services sector expect to see increased revenue, hiring and capital spending in 2017, according […]
by Alex Pigman Agence France Presse BRUSSELS, Belgium (AFP) — Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece on Monday, as a row with the International Monetary Fund over debt relief dragged on. After more than eight hours of talks in Brussels, ministers from the 19-member single currency bloc could not settle deep differences on debt relief pitting Germany, the eurozone’s most powerful member, against the IMF. “I think we […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States – Ford Motor Company shook up its top management Monday, ousting its CEO amid declining sales in major markets, pressure to ramp up technology and a flagging share price. The company named Jim Hackett, who launched and led the high-tech division developing Ford’s self-driving cars, to replace Mark Fields as president and CEO. It also named three new executive vice presidents to oversee global markets, global operations and mobility […]
(Eagle News) — The Philippines Airlines (PAL) has announced that it will temporarily suspend its flights to Abu Dhabi starting July 8, 2017. PAL said that suspension was due to route assessment initiatives and as part of their operational adjustments. “PAL is seeking the kind understanding of affected passengers as the airline implements these operational adjustments,” it said in a press statement. The airline said that flights to and from Abu Dhabi (PR 656/657 Tuesdays/Thursdays/Saturdays) […]
ZURICH, Switzerland (AFP) – Swiss group Clariant on Monday said it planned to merge with US counterpart Huntsman to create a trans-Atlantic chemicals giant with a combined value of around $20 billion. The all-stock transaction — which Clariant said would be a “merger of equals” — was agreed by the boards of both companies. The combined entity would be called HuntsmanClariant, the Swiss group said in a statement. Clariant CEO Hariolf Kottmann described the […]
