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GoPro’s IPO priced at $24 per share: underwriter

(Reuters) – Wearable sports camera maker GoPro Inc’s GPRO.O initial public offering was priced at $24 per share, an underwriter said, valuing the company at up to $2.96 billion. GoPro’s IPO raised about $427.2 million, after the offering of 17.8 million class A shares was priced at the top end of the expected range of $21-$24 per share. The San Mateo, California-based company sold 8.9 million shares in the IPO, while the rest were offered […]

Kerry tells Russia to disarm Ukraine separatists ‘in hours’

(Reuters) – U.S. Secretary of State John Kerry called on Russia on Thursday to disarm separatists in Ukraine within “the next hours” as the European Union prepared to discuss deeper sanctions against Moscow. Washington and other Western powers have stepped up pressure on Russia to take concrete action to defuse the conflict in easternUkraine, where a ceasefire between Russian-speaking rebels and government forces has appeared to be crumbling. “We are in full agreement that it is critical for Russia to show […]

Malaysia jet most likely on autopilot when it crashed, Australia says

(Reuters) – Malaysia Airlines (MASM.KL) Flight MH370 was most likely on autopilot when it crashed into the Indian Ocean further south than previously thought, Australian officials said on Thursday, as they charted the next phase of a so far fruitless search. The new analysis comes more than 100 days after the Boeing(BA.N) 777, carrying 239 passengers and crew, disappeared on March 8 shortly after taking off from Kuala Lumpur bound for Beijing. Investigators say what little evidence they […]

China says Philippines stirring tensions after Aquino expressed support for Japan

(Reuters) — China on Wednesday (June 25) accused the Philippines of creating tension in the region and urged Manila to show “sincerity” in upholding stability after President Benigno Aquino welcomed Japan’s more assertive military policy. Japanese Prime Minister Shinzo Abe made it clear on Tuesday (June 24) he wanted an early agreement with his ruling party’s dovish junior partner to ease constitutional curbs that have keptJapan’s military from fighting abroad since World War Two. Aquino said after meeting Abe on Tuesday that “nations of […]

Philippines says China’s new official map shows “unreasonably expansive claim”

MANILA, Philippines — China’s newly unveiled official map, which includes an expanded claim in the South China Sea, violates the United Nations Convention on the Law of the Sea (UNCLOS), a Palace official said on Thursday.China appears to have extended its maritime claims from the original nine-dash line to a ten-dash line, Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said during a press briefing. “To put it simply, dinrowing lang nila ‘yon. Lahat naman ng drawing […]

CCP announces names of new National Artists

The Cultural Center of the Philippines (CCP) announced six new National Artists whose proclamations had been signed by President Benigno Simeon C. Aquino III on June 20, 2014. Affirmed by the president are Cirilo F. Bautista, Francisco Coching, Francisco Feliciano, Alicia Garcia Reyes, Ramon P. Santos and Jose Maria Zaragoza. Three others who were proclaimed in 2009, namely Federico Aguilar Alcuaz, Manuel Conde, and Lazaro Francisco, will be included in the conferment ceremony to be […]

Aquino returns from successful Japan trip

MANILA, Philippines — President Benigno S. Aquino III returned to Manila Tuesday night following his one-day working visit to Japan, where he met with Japanese Prime Minister Shinzo Abe in Tokyo, addressed a peace seminar and visited a memorial for wartime victims in Hiroshima.During their meeting, President Aquino and Prime Minister Abe exchanged views on current developments in the West Philippine Sea (South China Sea) and the East China Sea.The President said the Philippines wants […]

Not guilty plea for Revilla and Napoles

MANILA, Philippines– The Sandiganbayan entered a plea of “not guilty” for Senator Ramon “Bong” Revilla Jr., after the lawmaker refused to enter any plea during his arraignment Thursday, in connection with the P10 billion pork barrel scam. Businesswoman Janet Lim-Napoles, on the other hand, entered a “not guilty” plea during her arraignment for the plunder charges filed before the anti-graft court. Revilla is accused of having collected P224.4 million in kickbacks from 2006 to 2010 […]