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HONG KONG, China (AFP) — The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as dealers were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to the downbeat sentiment with Wall Street ending last week on a negative note. The reality TV star-turned-president on Friday signed an executive order banning travelers from seven Muslim-majority countries that […]
NEW YORK, United States (AFP) — Starbucks plans to hire 10,000 refugees worldwide over the next five years in response to President Donald Trump’s travel ban, the head of the US coffee-chain company said Sunday. “I write to you today with deep concern, a heavy heart and a resolute promise,” Starbucks chairman and chief executive Howard Schultz said in a letter to employees posted on the company’s website. “We are living in an unprecedented time, […]
(Eagle News)– Calling its intensified infrastructure projects, “Build, Build, Build,” President Rodrigo Duterte’s infrastructure managers are embarking on a total of 64 big ticket projects ranging from major road networks, railway systems and bus rapid transit systems to airport and seaport modernization. The government aims to have the “golden age of infrastructure” under President Duterte, according to the Department of Finance. Another 15 ongoing projects are being implemented by the Department of Public Works […]
HONG KONG, China (AFP) — Most Asian markets rose again Friday following another positive lead from Wall Street, with Tokyo boosted by a plunging yen, although traders remain nervous about the outlook for global trade with Donald Trump in the White House. After one of the best weeks in January, gains were tempered with investors taking a breather as they keep an eye on developments in Washington where Trump is pushing on with his “America […]
(Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]
SAN FRANCISCO, United States (AFP) — Twitter on Thursday added an “explore” tab aimed at making it easier to find interesting content, the latest move to boost engagement at the one-to-many messaging service. The feature, which was being added first to Twitter on Apple mobile devices and was promised for Android-powered smartphones in coming weeks, combines trends, Moments, search and live video highlights in a single spot, according to project designer Angela Lam. “Until today, […]
BELGIUM, Brussels (AFP) — The participation of the International Monetary Fund in the Greek bailout programme is “non-negotiable”, the head of eurozone finance ministers said on Thursday (January 26). Speaking at the end of a monthly meeting of eurozone finance ministers in Brussels, Jeroen Dijsselbloem said future bailout programmes for Greece may be carried out without the IMF, but for the current one, the participation of the IMF was “non-negotiable” because of the expertise of […]
WASHINGTON, United States (AFP) — Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant said profits rose 3.6 percent in the second fiscal quarter to $5.2 billion, while revenues edged up one percent to $24 billion. The US tech giant, which is shifting away from dependence on software to a […]
by Nathalie OLOF-ORS Agence France-Presse ZURICH, Switzerland (AFP) -US pharmaceuticals giant Johnson & Johnson on Thursday announced it was buying Europe’s biggest bio-pharmaceutical firm Actelion for $30 billion (27.9 billion euros) in a deal that creates a new spin-off company. The world’s biggest producer of healthcare goods will acquire all the outstanding shares of Switzerland-based Actelion for $280 per share, the two companies said in a joint statement. With the deal, which has been approved […]
HONG KONG, China (AFP) — The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone. After weeks of unease across trading floors, investors around the world have refound the optimism that fuelled a surge in the two months after Donald Trump was elected president. The latest lease of life comes after the […]
TOKYO, Japan (AFP) — Tokyo stocks rose Thursday morning after the Dow topped 20,000 points for the first time on hopes US President Donald Trump’s economic plans will ramp up growth. The surge was the latest sign that investors are brushing aside worries about Trump’s bent towards trade protectionism and instead betting that the White House and Republican Congress will usher in tax cuts, spend big on infrastructure and slash red tape. “The US economy […]
SAN FRANCISCO, United States (AFP) — Under pressure to stymie the spread of fake news, Facebook on Wednesday modified its system for showing trending topics. The leading social network said that instead of simply showing a topic, it will include headlines from articles about the trending subjects along with sources publishing those stories. “This was the most requested feature addition since the last update we made,” product management vice president Will Cathcart said in a […]
