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NEW YORK, United States (AFP) — Wall Street slouched to a positive finish on Friday with all three major stock indices making last-minute moves into positive territory after spending most of the session in the red. Though it finished essentially flat, the blue-chip Dow Jones Industrial Average also extended its streak of fresh all-time highs with an 11th consecutive record close. The Dow gained less than a tenth of a percentage point to close at […]
BUENOS AIRES, Argentina (AFP) — Shell has confirmed it will invest $300 million to develop a shale oil and gas reserve in southern Argentina, executives said Friday. Argentina oil company YPF said in a statement it would partner with the Anglo-Dutch company Shell to exploit the huge Vaca Muerta reserve. Exploration of the field has yielded “excellent results,” it quoted Shell Argentina boss Teofilo Lacroze as saying. US and French firms are among the other […]
by David Harding Agence France-Presse RAS LAFFAN, QATAR (AFP) — Perched on a northern tip of Qatar, about an hour’s drive from the gleaming capital Doha and at the end of “Route 77”, stands the secretive city of Ras Laffan. Behind its closely guarded gates, Ras Laffan is home to 30,000 people, the best white truffles in Qatar, apparently, and a turtle conservation project. It is also one of the most significant industrial sites on […]
TOKYO, Japan (AFP) — Tokyo stocks lost ground Friday morning as a strong yen weighed on exporters and Wall Street had a mixed performance. The blue-chip Dow Jones Industrial Average hit a tenth consecutive all-time high to break a 30-year record, but the S&P 500 barely rose and the tech-heavy Nasdaq declined. US stocks have been on a record run since President Donald Trump took office last month, with investors cheered in recent days by […]
NEW YORK, United States (AFP) — US stocks jumped Tuesday with retailers and energy firms among the winners as positive sentiment about President Donald Trump’s economic agenda again lifted the market to fresh records at the close. All three major equity indices finished at all-time highs for the seventh time in eight sessions, with the Dow Jones Industrial Average up 0.6 percent at 20,743.00. The broad-based S&P 500 also gained 0.6 percent to end the […]
LONDON, United Kingdom (AFP) – HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump’s economic policies. The London-headquartered bank with a focus on Asia said net profit tumbled to $1.29 billion (1.22 billion euros) in 2016, down 90 percent on a year earlier. Profit before tax stood at $7.1 billion, down 62 percent after HSBC slashed the value of its […]
LONDON, United States (AFP) — United States tech and retail giant Amazon on Monday said it would create 5,000 British jobs this year, in a show of confidence in the United Kingdom economy ahead of Brexit. “Amazon UK today announced plans to create more than 5,000 full-time jobs this year, taking the company’s total UK workforce to over 24,000,” a statement said. “These new job opportunities are for people with all types of experience, education and […]
HONGKONG, China (AFP) — Tokyo stocks fell Monday despite a strong lead from Wall Street last week, as the yen’s ongoing resilience weighed on the market and Japan’s exports rose less than predicted. Shares in Hong Kong and China both posted modest early increases with trading in Asia expected to be muted ahead of the US Presidents’ Day national holiday. Wall Street had edged up to new records Friday as consumer products stocks gained on Kraft […]
WASHINGTON, United States (AFP) — Google announced Thursday it was launching voice-activated shopping from its artificial intelligence-powered Home speaker, in a direct challenge to Amazon’s Alexa devices. Users can simply tell the speaker to order items — diapers, paper towels, or trash bags, for example, and get delivery from any of dozens of participating retailers. “If picking up paper towels or stocking up on coffee is on your list, consider it done,” said Google Assistant […]
SEOUL, South Korea (AFP) — The axe finally fell on South Korea’s once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt. Hanjin filed for bankruptcy protection in August owing $5.37 billion as creditors refused to bail it out, with dozens of its vessels stranded outside around the world as they were refused entry to ports. An accounting firm hired […]
LA TRINIDAD, Benguet, Feb. 17 (PIA) — The state weather bureau PAGASA has been recording a drop of temperature due to the Amihan the past days which caused some vegetable-producing towns in the province to experience frost locally termed as “andap.” Atok Mayor Peter Alos and Mankayan Mayor Materno Luspian clarified that the reported occurrence of frost in their municipalities has no effect on the supply and prices of vegetables. Alos said there were reports […]
MANILA, Philippines (Eagle News) — Ibinabala ng Chamber of Mines of the Philippines (COMP) na posibleng bumagsak ng hanggang limampung porsyento (50%) ang halaga ng produksyon ng metallic mineral ngayong taon. Ayon kay Ronald Recidoro, Vice President for Legal and Policy ng COMP, ito’y bunsod ng pagsasara at pagkaka-suspinde ng operasyon ng tinatayang dalawampu’t walong (28) mining companies sa bansa. Giit ni Recidoro, itinuturing ang nickel bilang “best performer” kaya’t maaaring maapektuhan ang metallic minerals […]
