Business

Business Bytes: Must-have cool gadgets at the Mobile World Congress 2016

By Robert Capistrano BARCELONA, Spain (Eagle News) — “Mobile is Everything” and the Mobile World Congress 2016 has everything you could ever imagine you would want on full display. Here are three of the coolest gadgets I found at the largest gathering of mobile phone companies from all over the world: Samsung Galaxy S7 Samsung continues to up its efforts to over take the mobile world with the latest weapon ofit’s arsenal, the Galaxy S7 […]

OPEC may implement production freeze in March

VENEZUELA, South America – The Organization of Petroleum Exporting Countries or OPEC will conduct a meeting to discuss the possibility of an oil production freeze in mid-March to address the continued lowering of oil prices in the world market. Said oil price reduction is due to over-production and the weakening economy of the primary oil consumers. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/J1tlnH528ig

Business Bytes: The Mobile World Congress 2016 —  Mobile is Everything

    By Robert Capistrano BARCELONA, Spain (Eagle News)– The newly revealed battle cry of the mobile industry, ‘Mobile is Everything’ has been splattered everywhere at the Mobile World Congress with its official start onFebruary 22, 2016.   The Mobile industry operators, developers and internet companies present at the biggest, showiest annual event of the mobile world prove just that to the estimated 100,000 visitors.     On Day 1, as expected, the mobiles fought […]

Crude prices down as doubts over production freeze linger

SINGAPORE, Singapore (AFP) — Oil prices dipped in Asia Tuesday after mounting a strong rally the day before as traders remain doubtful that talks on an output freeze among key crude producers will lead to agreement. US crude rose back above $30 a barrel and European benchmark Brent climbed well over $34 on Monday on hopes that the discussions would lead to concrete action to stabilise the battered market. But at around 0600 GMT on Tuesday, US […]

Asian share rally runs out of steam as oil falls again

HONG KONG, China (AFP) — Asia’s share rally stalled Tuesday, as a boost from Wall Street was overshadowed by renewed weakness in the price of oil. Japanese stocks were broadly flat while Shanghai and Hong Kong were down in early trade, the day after Chinese markets surged on the announcement of a new securities regulatory chief. Mace Blicksilver, the US-based director of Marblehead Asset Management, said he was “cautious” about the prospect for further gains. “I […]

Oil prices recover in Asia

  Singapore (AFP)—Oil prices recovered in Asia on Monday after a steep fall in the previous session, with US crude back above $30 a barrel as traders mulled the impact of a potential freeze by key producers. Oil spiked sharply last week after major exporters held talks on a potential agreement to reduce a global supply glut that has dragged prices to their lowest levels in nearly 13 years this month. Saudi Arabia and Russia, […]

Oil in ‘tumultuous’ week after output freeze deal

  by Roland Jackson LONDON, United Kingdom (AFP) —  The oil market was gripped this week by an output freeze deal between the world’s top two producers Saudi Arabia and Russia. Prices initially rebounded on Tuesday, before hitting reverse as traders assessed the conditional agreement between Saudi Arabia and Russia and two other producers to limit output. In a bid to stabilize an oversupplied market, Russia and OPEC members Saudi Arabia, Venezuela and Qatar announced […]

Global companies express interest in conducting business in the Philippines

MANILA, Philippines – According to Presidential Communications Secretary Sonny Coloma, three global companies based in Los Angeles, California expressed their interest in conducting business in the Philippines after meeting with President Benigno Aquino III. Said companies include Walt Disney International. Coloma added that said companies are considering the country as investment venue. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos)

Oil rally halted by US stockpiles rise, Saudi stance on cuts

SINGAPORE (AFP)– Oil prices fell in Asia Friday after a sharp rise in US crude stockpiles and Saudi Arabia’s rejection of proposed output cuts shot down a rally by the battered commodity. The about-turn came as the US Energy Department reported a 2.1 million barrel increase in US commercial crude inventories, to the highest in more than eight decades, as well as sizeable increases in gasoline and other refined products. An inventories rise typically suggests soft […]

Asia stocks fall as rally fizzles out

HONG KONG, China (AFP) — The rally in Asia stocks fizzled out Friday, as a renewed weakening in the price of oil dampened sentiment and safe haven assets such as the yen received a boost. US crude fell below $31 a barrel as traders digested news that American stockpiles rose to the highest in more than eight decades. While turbulence in Asian markets has abated this week with losses earlier in the year being partially […]

Tokyo stocks open down after another fall in oil prices

TOKYO, Japan (AFP) — Tokyo stocks opened lower Friday, as a stronger yen dented exporters and Wall Street disappointed. US equities fell on Thursday after a recent rally in oil prices fizzled, offering a weak lead to Japanese stocks at the start of the global day. The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped 0.90 percent, or 146.40 points, to 16,050.40 in opening deals, after a 2.28-percent jump the previous day. The […]

Stocks rally shows signs of flagging

NEW YORK, United States (AFP) — The global stock rally showed signs of petering out Thursday as oil prices stagnated and analysts expressed worry that another bout of selling could be imminent. After three straight days of solid gains, US stocks closed lower, with the Nasdaq down the most at 1.0 percent. London also lost 1.0 percent with metals and oil equities falling sharply after Wednesday’s bounce. Frankfurt gained 0.9 percent, while Paris edged up […]