Business

China creates 3.34 million new jobs in urban areas in Q1 of 2017

CCTV — China created 3.34 million new jobs in the first quarter this year, according to a press conference held by Ministry of Human Resources and Social Security in Beijing on Tuesday. China’s employment situation was recorded as generally stable in the first quarter, with the number of new jobs created in urban areas from January to March this year being 160,000 higher than in the same period of 2016. The unemployment rate in the […]

Asian markets, euro build on gains as eyes move to Trump

HONG KONG, China (AFP) — Asian markets extended gains Tuesday while the euro held up following Emmanuel Macron’s first round presidential election win in France, with investors now looking forward to United States President Donald Trump’s promised tax reforms. Global markets soared Monday after Macron topped the initial polls and looked well on course to beat hit run-off rival, far-right candidate Marine Le Pen, next month. There had been fears a win for the anti-European, […]

Euro rises sharply after first round of French election

by Hiroshi HIYAMA Agence France Presse TOKYO, Japan (AFP) — The euro rose sharply Monday as markets breathed a sigh of relief over French presidential election projections that showed centrist candidate Emmanuel Macron taking a lead over far-right eurosceptic Marine Le Pen. In early Asian trading, the European single currency was at $1.0879, against $1.0726 on Friday at 2100 GMT. It had run up as high as $1.0937 earlier, up about two percent from Friday. […]

Tokyo shares up 1.4% as centrist Macron leads French presidential race

TOKYO,  Japan (AFP) — Tokyo’s benchmark index jumped 1.4 percent on Monday as investors cheered news that pro-European Emmanuel Macron has taken a lead over far-right candidate Marine Le Pen in the French presidential race. The Nikkei 225 added 270.21 points to sit at 18,890.96 in the first few minutes of trading, while the broader Topix index of all first-section issues rose 1.25 percent, or 18.66 points, to 1,507.24. © Agence France-Presse

SSS continues to monitor employers who do not remit workers’ contributions

QUEZON City, Philippines (Eagle News) — The Social Security Service or SSS is hoping that more employers will faithfully remit the contributions of their employees after it launched its “Run after Contribution Evaders” or RACE program. According to SSS Chairman Amado Valdez, the RACE program aims to check and penalize employers who are not properly remitting the SSS contributions of private sector employees.

Samsung’s Galaxy S8 hits stores; aims to move on from recall crisis

SEOUL, South Korea (AFP) — Samsung’s new Galaxy S8 went on sale over the counter in South Korea Friday as the world’s biggest smartphone maker seeks to move on from a disastrous handset recall and corruption scandal that has hammered its once-stellar reputation. The device, unveiled in New York last month and a challenge to Apple’s iPhone, is the firm’s first major launch since last year’s humiliating withdrawal of the Galaxy Note 7 over exploding […]

US sanctions target Air Koryo, a household brand name in North Korea

PYONGYANG, North Korea (Reuters) — As tensions on the peninsula ratchet up, the United States is calling for more sanctions against North Korea’s flagship airline Air Koryo, arguing there’s an absence of boundaries between the airline and the country’s air force. But on the streets of Pyongyang, it’s the soft drinks and taxis where the airline is making its presence felt. The Air Koryo conglomerate makes cigarettes and cola, and owns a taxi fleet and […]

Tokyo shares open higher after Wall Street gains

TOKYO, Japan (AFP) — Tokyo shares opened higher Friday following gains on Wall Street on renewed hopes for United States tax cuts. The Nikkei 225 rose 0.83 percent or 153.89 points to 18,584.38 in the opening minutes of trading, while the Topix index of all first-section issues rose 0.84 percent, or 12.38 points, to 1,485.19.  

Asia markets turn higher but uncertainty prevails

by Danny McCord Agence France Presse HONG KONG, China (AFP) — Asian markets rose Thursday following broad losses the previous two days but analysts warned caution was prevailing owing to geopolitical worries and fading hopes for Donald Trump’s massive stimulus drive. Energy firms were among the main laggards, tracking losses in their US counterparts, after a surprise jump in US petroleum inventories sent oil prices skidding almost four percent Wednesday. Tokyo ended the morning 0.3 […]

Asian markets fall on global uncertainty; pound holds rally

HONG KONG , China (AFP) — Asian markets turned lower Wednesday following a negative lead from Wall Street and Europe, with analysts saying Britain’s shock decision to call a snap election added to global uncertainties. The pound held on to its gains after Prime Minister Theresa May announced a snap poll for June 8 as she looks to cement a mandate heading into key Brexit talks with her European Union counterparts. The move comes as France […]

Yahoo earnings beat expectations on cusp of Verizon merger

SAN FRANCISCO, United States (AFP) — Yahoo on Tuesday reported quarterly earnings that topped expectations as the pioneering internet firm remained on track to be bought by Verizon. Yahoo posted profit of $99 million in the first three months of this year on revenue of $1.3 billion, as compared to posting a loss on $1.09 billion in revenue in the same period last year. The California-based company said that it was continuing to work with […]

BSP, kinukonsidera ang mabilis na pagbubukas ng bank accounts

(Eagle News) — Kinukonsidera ng Bangko Sentral ng Pilipinas na gawing madali sa publiko ang pagbubukas ng basic bank account. Ayon sa BSP, dapat ay mababa ang requirements, walang bayad, aberya at maintaining balance. Target ng BSP ang beneficiaries ng Conditional Cash Transfer Program na magbukas ng bank accounts dahil sa sa ganitong paraan ay direktang mapupunta ang kanilang pera sa account sa pamamagitan ng national retail payment system. Batay sa 2014 Consumer Finance Survey […]