Business

Apple revamps App Store in new mobile operating system

Apple Inc's newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.

Beijing, Shanghai shut down bitcoin exchanges: media

Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money.

Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown

Switzerland's financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.

SC urged to order telcos to refund P7-B to subscribers

Party-list group Bayan Muna, through its leaders Neri Colmenares and Carlos Isagani Zarate, urged the Supreme Court (SC) to order telecom firms to refund their subscribers at least P7-billion for alleged excessive short message service (SMS) charges.

Shares fall sharply after 3 days of record-breaking gains

Share prices fell sharply Tuesday after three straight sessions of record-breaking gains. 

Asian shares slip as investors await Fed meeting for rate clues

Asian shares slipped on Tuesday, hobbled by uncertainty as traders awaited a Federal Reserve meeting for clues on U.S. monetary policy, though sentiment was supported by record highs on Wall Street.

PH inflation seen manageable this year

An analyst on Tuesday said he is expects inflation in the country to be manageable for the full year amid an uptick in global oil prices.

Alliance Global launches share buyback

Alliance Global Group Inc. (AGI) said Tuesday it has approved a share repurchase program of up to P5 billion over two years to shore up the value of its shares.
 

Toys 'R' Us files for bankruptcy ahead of holiday season

Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.

Gov't to sell Mile Long property next year: Finance

MANILA - The government plans to sell the Mile Long property in Makati next year, the Department of Finance (DOF) chief said Tuesday.