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Asian stocks recover after news of US-China trade talk

Asia stocks opened sharply lower on Thursday, joining a global sell-off on concerns over Turkey's financial crisis but later pared losses on news that China and the US would hold trade talks. Equities across the region suffered steep losses at the opening bell, with Tokyo and Shanghai off by more than one percent, dragged down by a weak session on Wall Street as traders fretted over possible contagion from Turkey's currency crisis. Japan's main Nikkei 225 index shed 1.20 percent in early trade and China's benchmark Shanghai Composite was off by 1.17 percent after another day of volatile trading driven by Turkey. On Wednesday, Ankara hiked tariffs on imports of several US goods i...Keep on reading: Asian stocks recover after news of US-China trade talk.....»»

Source: Inquirer InquirerCategory: 8 hr. 54 min. ago Related News

Weak peso fails to lift Philippine exports in June 2018

MANILA, Philippines – Despite economic managers' confidence that a weak peso would improve the country's exports, the Philippines posted a wider trade deficit in June. The Philippine Statistics Authority (PSA) said on Wednesday, August 8, that total exports sagged by 0.1% in June to $5.700 billion from $5.704 billion ........»»

Source: Rappler RapplerCategory: NewsAug 8th, 2018Related News

Bitter or brokenness?

That is why, for Christ’s sake, I delight in weaknesses, in insults, in hardships, in persecutions, in difficulties. For when I am weak, then I am strong. – 2 Corinthians 12:10.....»»

Source: Philstar PhilstarCategory: NewsAug 4th, 2018Related News

Toyota sees 17% decline in output

The local unit of Japanese automotive giant Toyota Motor Corp. expects a 17 percent reduction in production output this year due to weak demand for cars, but is hopeful improvements can be seen next year......»»

Source: Philstar PhilstarCategory: FinanceAug 2nd, 2018Related News

U.S. tech stocks continue to slide on weak day for global equities

NEW YORK, USA – Global stocks fell Monday, with US tech equities suffering another significant tumble on worries of slowing growth in the influential sector. The tech-rich Nasdaq Composite Index in New York shed 1.4%, the third straight day it had lost at least 1%. The Dow and S&P 500 also ........»»

Source: Rappler RapplerCategory: NewsJul 31st, 2018Related News

URC& rsquo;s profit slipped in1st 6 months on weak sales

URC’s profit slipped in1st 6 months on weak sales Source link link: URC’s profit slipped in1st 6 months on weak sales.....»»

Source: Manilainformer ManilainformerCategory: Jul 31st, 2018Related News

Monsoon weak, only isolated rains expected on July 31

What's the weather like in your area? Report the situation through Rappler's  Agos  or tweet us at  @rapplerdotcom . MANILA, Philippines – The southwest monsoon or hanging habagat is relatively weak at the moment, which means there will be generally good weather on Tuesday, July 31. In a bulletin issued 4 pm ........»»

Source: Rappler RapplerCategory: NewsJul 30th, 2018Related News

Riding high again, Team Lakay lauded by ONE chairman as best team in Asia

At the end of 2017, Benguet-based MMA stable Team Lakay found themselves on a bit of a downslide. After riding high for the latter part of 2016 and most of 2017, the team absorbed a number of bitter losses, including the KO loss that cost Eduard Folayang his ONE Championship Lightweight world title. Now, a little over seven months into 2018, Team Lakay is once again reaching new heights. 2018 saw flyweight star Geje Eustaquio become the interim flyweight world champion in January, and then unify the titles against Adriano Moraes in June. Friday at ONE: Reign of Kings in Manila, Team Lakay gained another world champion in bantamweight knockout artist Kevin Belingon, who defeated two-division world champion Martin Nguyen to become the interim ONE Championship Bantamweight World Champion. Team Lakay is also home to reigning BRAVE FC Bantamweight World Champion Stephen Loman. Already with three current world champions in their stable, it’s highly likely that there’s more to come. Former champions Folayang and Honorio Banario are currently tearing it up in the lightweight division, and both of them are very much in the title picture. Strawweight standout and former title contender Joshua Pacio is on a solid streak of his own, with three straight wins via stoppage. The 22-year old could be getting another crack at the championship again soon. While names like Edward Kelly, Danny Kingad, Gina Iniong, and April Osenio are also all part of the top-tier of their respective divisions. It’s shaping up to be yet another banner year for Team Lakay, and head coach Mark Sangiao saw it coming. After all, bouncing back isn’t anything new for the Philippines’ most prestigious MMA team. “Mayroon yung mga time, nasabi ko nung huli, nung unang mga ONE, matatalo kami ng 0-5, pero pinilit namin.” Coach Mark said during the post-fight press conference, Friday evening. “Tinignan namin talaga yung mga kulang, yung mga weak side nila, tapos na-improve hanggang sa bumawi kami, same with sa 2016.” 2016 saw Team Lakay go on a 16-fight winning streak, and then in November of that year, Folayang captured the ONE lightweight crown after dethroning long-time champion Shinya Aoki. “Tapos pumunta sa 2017, medyo may mga nag-pabaya.” Sangiao bared. “Nasabi ko nung huli na babalik yung team na mas-malakas pa.” True enough, Team Lakay has managed to bounce back and has gained even more prestige in the last couple of months. In fact, ONE Championship founder and chairman Chatri Sityodtong has even gone so far as to say that he believes Team Lakay is the best team there is in Asia. “ I have massive respect for all fight teams, but I believe there is no question that Team Lakay is now the #1 fight team in Asia today.” Sityodtong said in a Facebook post. “Despite a very modest budget and limited resources, Mark Sangiao has produced one of the best fight teams in the world. Every fighter on Team Lakay is a genuine monster with outstanding skills, unlimited cardio, and extraordinary gameness.” High praise from the head honcho himself, and the owner of Evolve MMA in Singapore, another one of Asia's most talent-laden MMA stables. With all the success that the team is enjoying now, it’s up to them to keep the momentum going. They've been low, and now they're on a high. There's no doubt that they possess the talent, the skills, and the heart to go even higher......»»

Source: Abscbn AbscbnCategory: SportsJul 30th, 2018Related News

NG debts breach P7 T in June

The national government’s debt pile breached the P7 trillion mark as of end-June following the issuance of Retail Treasury bonds (RTBs) and the weak peso, the Bureau of the Treasury (BTr) reported on Friday......»»

Source: Philstar PhilstarCategory: FinanceJul 29th, 2018Related News

ONE: Joshua Pacio amazed Renzo Gracie with his Baguio Jiu-Jitsu

Friday night's ONE Championship: Reign of Kings card saw the Philippines pulling off a complete four-for-four sweep, capped off by Kevin Belingon's dominant five-round decision win over Martin Nguyen to capture the Interim ONE Bantamweight World Championship.  Arguably most spectacular win however, came from 22-year old Team Lakay strawweight star Joshua 'The Passion' Pacio, who steamrolled through undefeated Thai striker Pongsiri Mitsatit.  Pacio needed just needed three-and-a-half minutes to mount, brutalize, and submit Misatit with a modified armlock, which he playfully christened 'The Passion Lock." "My gameplan is really to get the Rear Naked Choke," Pacio said during the post-fight press conference. "That submission that I did a while ago, I tried it once in training, and tonight I’m so happy that I showcased it on the international stage." After punishing Mitsatit from the mount, Pacio took the Thai's back, and as he said, tried to go for the choke, but ended up grabbing hold of Misati's arm and torquing it back applying pressure on the shoulders and forcing the tapout.  It was a pretty slick submission on the fly for the kid from Baguio City, who's steadily shown improvement in his ground game, and it's all thanks to a special discipline of martial arts.  "It came from that BJJ - Baguio Jiu-Jitsu." Pacio said, with a laugh.  And while it initially started out as a play on words with Brazilian Jiu-Jitsu, Team Lakay's Baguio Jiu-Jitsu is now becoming a massive part of their game, and it has won the team a number of fights, and world titles.  From Eduard Folayang's submission defense against Shinya Aoki, to Geje Eustaquio's well-rounded approach against Adriano Moraes, and Pacio's seven wins via submission, the Baguio-based warriors have taken what was once their supposed weakness and turned into a pivotal part of their game.  “Please don’t underestimate our BJJ, or what we call Baguio Jiu-Jitsu,” Eustaquio warns. “In more time, we will submit you guys.” Eustaquio said after his world championship win over Moraes in Macau last June.  While striking will always be Team Lakay's bread and butter, as they've shown in their performances as of late, their ground game can hang with the best of the best in ONE Championship.  That improvement was the result of years of coming up short and getting criticized for it.  "Of course, we learned from our past. Yung mga criticism na kinain namin noon, hindi namin tinake as a negative, but we take it as a positive thing, and we worked our ass hard." said former ONE Lightweight World Champion Folayang. "Siyempre kaya may Baguio Jiu-Jitsu ngayon, kasi that’s how we do it. We keep on learning from other people that will help us improve the things that we know we are weak on." Making it even more memorable for Pacio, was the fact that one of the legends of Brazilian Jiu-Jitsu was there to see him pull that crazy submission off.  According to Pacio, sixth-degree Brazilian Jiu-Jitsu black belt and grappling royalty Renzo Gracie, who was scheduled to fight later on in the card, gave the young Pinoy some props after the win.  "Ayun nga, sa dugout kanina, na-amaze siya. Nagpa-picture siya sa akin," Pacio said jokingly, drawing laughs from the media. "Baliktad, nagpa-picture ako sa kanya, tapos tinuro niya din yung depensa nun." Quite the moment for the kid they call "The Passion. "Syempre napaka-laki, kasi once-in-a-lifetime lang yun.".....»»

Source: Abscbn AbscbnCategory: SportsJul 28th, 2018Related News

Facebook in freefall as weak outlook stuns market

Facebook shares went into a freefall Wednesday as a stunningly weak financial outlook raised fresh concerns for the social networking giant as it tries to recover from the impact of data protection.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsJul 26th, 2018Related News

Heat kills more than 600 poultry birds in Bhutan

GELEPHU, Bhutan --- With temperature soaring above 35 degree Celsius on July 20 in Gelephu, poultry farm owners claim that the heat killed more than 600 poultry birds in Sompangkha county. More birds are reported to be weak. A poultry farm owner, Nima Lama, lost about 385 birds on July 20. More than 20 died the following day. Nima Lama is also the chairman of Sarpang layer corporative. He said that the birds were inside the shed that has a CGI sheet roof. "Watering the roof did not help much. If we don't see rain sooner, many more may die." More than 10 farmers lost between 15-300 poultry birds that day. Nima's neighbor, San Bahadur Subba, lost 135 layers. He had 4,000 layers in ...Keep on reading: Heat kills more than 600 poultry birds in Bhutan.....»»

Source: Inquirer InquirerCategory: Jul 26th, 2018Related News

NCAA: LSGH gets back on track by keeping San Beda winless

STANDINGS PERPETUAL 2-0 ARELLANO 2-0 LSGH 2-1 LPU 2-2 SAN SEBASTIAN 2-2 LETRAN 1-1 MAPUA 1-1 JRU 1-2 SAN BEDA 0-2 EAC 0-2 College of St. Benilde-La Salle Greenhills was well aware of what didn’t work and what they had to do to get back on track in the NCAA 94 Juniors Basketball Tournament. Joel Cagulangan and Sydney Mosqueda answered the call from the get-go as the Junior Blazers imposed their will on San Beda High School from start to finish for a 73-62 decision on Tuesday at the Filoil Flying V Centre. Mosqueda turned in his best game in recent memory with 15 points while Cagulangan stuffed the stat sheet with 14 markers, seven rebounds, six assists, and two steals. It was also those two who spearheaded the defending champions’ strong start. “Maganda yung start namin. I urged the boys to really start strong kasi we really tend to start weak so this time, we need to step up,” head coach Marvin Bienvenida said. Boosted by a 26-point opening salvo, CSB-LSGH cruised all the way to a much welcome bounce back to a 2-1 standing. “We’re hungrier for the win. Coming from a loss, ayaw namin mag-slide down,” Bienvenida said, referring to their sorry loss to Mapua High School the last time around. On the other hand, the Red Cubs remained winless after two games. Troy Valencia was their lone bright spot in this one with 10 points and seven rebounds. Meanwhile, Arellano High School forged a two-way tie for the top spot after making quick work of Lyceum of the Philippines University, 98-78. Lars Sunga scored 17 points to lead five other teammates in double-digits as the Braves used that balance to overwhelm their opponents and obtain back-to-back wins to start the season. Rom Junsay followed up his career game with 15 points in this one while Aaron Fermin remained a force inside with a 13-point, 20-rebound double-double. In the day’s other game, San Sebastian College-Recoletos grounded Jose Rizal High School, 92-78, to improve to 2-2. Their respective losses dropped the Junior Pirates to 2-2 and the Light Bombers to 1-2. BOX SCORES FIRST GAME ARELLANO 98 – Sunga 17, Junsay 15, Tempionuevo 14, Fermin 13, Formis 13, Espiritu 9, Sahali 6, Liangco 3, Cabili 2, Caniones 2, Tolentino 2, Domingo 0, Javier 0, Nepomuceno 0.   LPU 78 – Barba 24, Guadana 19, De Guia 9, Gudmalin 8, Jugar 6, De Leon 5, Omandac 3, Caringal 2, Tulabut 2, Cambi 0, Dejelo 0, Nocal 0, Pagdanganan 0, Ragasa 0, Santos 0. QUARTER SCORES: 18-16, 42-32, 65-51, 98-78 SECOND GAME    SAN SEBASTIAN 92 – Janao 23, Gomez 18, Baclaan 14, Bonalos 11, Balo 5, Pinero 5, Perez 5, Suico 4, Dela Cruz 4, Are 3, Cortes 0, Timbancaya 0, Loristo 0. JRU 78 – Amores 26, Icban 15, Delos Santos 9, Buno 8, Dionisio 6, Baluyot 5, Vasquez 4, Portales 3, Macatangay 2, Mendoza 0, Fortuna 0, Ganut 0, Garcia 0, Sy 0.  QUARTER SCORES: 23-16, 47-37, 69-60, 92-78 THIRD GAME CSB-LSGH 73 – Mosqueda 15, Cagulangan 14, David 12, Fornilos 9, Calimag 6, Palencia 6, Cortez 4, Lao 3, Morales 2, Sangco 2, Arciaga 0, Lepalam 0, Lopez 0, Natividad 0, Valenzuela 0. SAN BEDA 62 – Valencia 10, Estacio 9, Llarena 7, Alcantara 6, Talampas 6, Lazaro 5, Oliva 5, Sanchez 5, Ynot 5, Competente 3, Coyoca 1, Andrada 0. QUARTER SCORES: 26-18, 45-30, 57-50, 73-62. —— Follow this writer on Twitter, @riegogogo......»»

Source: Abscbn AbscbnCategory: SportsJul 24th, 2018Related News

Before your colonoscopy, ask the doctor how scopes were cleaned

After a colonoscopy two years ago, Patti Damare felt so delirious and weak that she couldn't stand on her own. That was on a Friday, and she chalked up her symptoms to lingering effects of anesthesia. On Saturday, the San Marcos, California, woman wondered if she had contracted a killer flu or urinary tract infection. The next day, she couldn't get out of bed. By Monday, it was almost as if her body had been beaten with a baseball bat, she recalls. "It felt like what you imagine dying feels like," says Damare, 53, a retired flight attendant. That night, emergency room doctors diagnosed her with a raging E. coli infection and sepsis, a potentiallylife-threatening complicat...Keep on reading: Before your colonoscopy, ask the doctor how scopes were cleaned.....»»

Source: Inquirer InquirerCategory: Jul 24th, 2018Related News

Seoul exerts all efforts against US auto tariffs amid weak car sales

SEOUL --- South Korea is making all-out efforts to oppose the US slapping high tariffs on imported cars and auto parts, reflecting the growing anxiety of the local auto industry.   Top policymakers capitalized on their overseas agendas during the weekend to underline the value of fair trade between Seoul and Washington, as well as negative consequences the tariff hike is to have on the US economy.   Deputy Prime Minister and Finance Minister Kim Dong-yeon took the helm and called for the exclusion of Korea from high tariffs while meeting with US Secretary of the Treasury Steven Mnuchinon Saturday.   "It is inappropriate to impose high tariffs on the K...Keep on reading: Seoul exerts all efforts against US auto tariffs amid weak car sales.....»»

Source: Inquirer InquirerCategory: Jul 23rd, 2018Related News

Private sector economists hike inflation forecasts foreasts

Economists of private banks expect higher inflation over the next three years amid higher and volatile global oil prices, weak peso, and the effects of the implementation of the tax reform program......»»

Source: Philstar PhilstarCategory: FinanceJul 22nd, 2018Related News

Weak peso drags Isuzu truck sales

ISUZU Philippines Corp. posted lackluster truck sales in the first half due to the depreciating peso, but demand could recover in the second half with the government’s jeepney modernization program and heightened safety standards, a company official said......»»

Source: Bworldonline BworldonlineCategory: FinanceJul 22nd, 2018Related News

Philippines to sustain growth momentum – FMIC

The Philippines is expected to sustain its growth momentum despite challenges brought about by inflation, rising interest rates and a weak peso, First Metro Investment Corp. (FMIC) said yesterday......»»

Source: Philstar PhilstarCategory: FinanceJul 16th, 2018Related News

Hot money reverses to net inflow in first half of 2018

Net inflow of foreign portfolio investments amounted to $306.25 million in the first half, a complete reversal of the $467.83 million net outflow recorded in the same period last year despite strong outflows in May and June due to investor concern on inflation as well as the weak peso and rising interest rates in the US......»»

Source: Philstar PhilstarCategory: FinanceJul 13th, 2018Related News

Grab defiant against weak LTFRB penalty

Ride-hailing service Grab Philippines is defiant against regulators penalizing it P10 million for unauthorized charges on 67 million rides......»»

Source: Philstar PhilstarCategory: NewsJul 13th, 2018Related News