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Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
TYBOX: Understanding Chinoys beyond dragon dances
The Chinese New Year festivity last February 10 was all over my Facebook wall, with Chinese communities in major cities – Binondo, Cebu, Cagayan de Oro, my Davao, and even Naga – performing the customary dragon dance welcoming the Year of the Dragon. I got to watch Davao Chinatown’s countdown to the New Year online […].....»»
The Daily Guardian: S& P 500 slips to start the week as Wall Street takes a breather from record highs
The stock market saw a slight dip on Monday as major indexes retreated from record highs reached last week. The S&P 500 closed at 5,069.53,.....»»
Russia using thousands of SpaceX Starlink terminals in Ukraine, WSJ says
Russian troops in Ukraine are using thousands of Starlink satellite communications terminals made by Elon Musk’s SpaceX, the Ukrainian military intelligence chief told the Wall Street Journal in an interview published on Thursday. Lieutenant General Kyrylo Budanov said that Russian troops have been communicating over the Starlink system “for quite a long time” and acquired.....»»
Stocks rebound as Wall Street bounces back
Local stocks bounced back yesterday to close the week on a positive note as the local bourse mirrored gains in the US market......»»
Market extends winning streak
The stock market surged anew yesterday, extending its winning streak to a fifth session, as investor sentiment was boosted by the latest local unemployment data and positive cues from Wall Street overnight......»»
Is an Inflation Shock Imminent? The Daily Guardian Explores Wall Streets Concerns
Inflation Concerns Rise as Consumer-Price Index Falls Short of Expectations Inflation has been a hot topic of discussion recently, with hopes that the Federal Reserve.....»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
Daily Guardian: Asian Stocks Rise Before Key US Inflation Data
Asian shares surged on Monday following gains on Wall Street, with investors closely watching US consumer price data for clues on the Federal Reserve’s policy.....»»
Fisker reportedly hires bankruptcy consultants [Updated statement from Fisker]
Electric vehicle manufacturer Fisker is facing financial turmoil as it reportedly hires restructuring advisers to navigate a potential bankruptcy filing, as reported by the Wall.....»»
Eala gets boot in W75 Trnava tilt
Alex Eala crashed out of the W75 Trnava in Slovakia after facing a brick wall in Czechia’s Tereza Martincova, 3-6, 6-4, 7-6(3), Wednesday night (Manila time.).....»»
Tatak Pinoy
Everywhere I go in my part of town, coffee shops are opening it seems almost every week. Not major chain outlets, but mom-and-pop operations with hole-in-the-wall stands......»»
Philippine stocks rise after Wall Street gains
Philippine stocks rose yesterday, mirroring gains in the US market......»»
Bashers and haters, beware
The proliferation of irreverent comments, bashing and hating in social media has led IOC to build a protective wall around 15,000 athletes and 2,000 coaches expected to gather for the coming Paris Olympics with an AI platform called Threat Matrix......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
DFA backs Magna Carta for Seafarers
The Department of Foreign Affairs has expressed support for the enactment of the proposed Magna Carta of Filipino Seafarers, as the maritime industry grapples with security risks sparked by missile attacks by Yemen-based Houthi rebels on shipping in the Gulf of Aden and the Red Sea......»»
RLC Residences backs IRONKIDS race
The IRONKIDS, the junior counterpart of the IRONMAN series, gets a significant boost with the backing of RLC Residences with the partnership aiming to promote an active and purposeful lifestyle among young athletes......»»
PBBM backs Davao transport project
President Ferdinand "Bongbong" Marcos Jr. witnessed the signing of contracts for the Davao Public Transport Modernization Project (DPTMP) on Wednesday, Feburary 7, in conjunction with the celebration of the 125th anniversary of the Department of Transportation (DOTr)......»»
Nestlé backs special duties to aid local coffee industry
Nestlé Philippines Inc. supports the use of collected special duties on imported coffee products by the government to develop the country’s domestic coffee industry, a ranking executive said......»»
Business group backs carbon emission trading
The government should prioritize implementing a carbon emission trading system instead of imposing taxes on carbon as the latter could cause power prices to spike, according to the Makati Business Club......»»