News

Global stocks stumble as Trump attacks Fed

Ben Perry and John Biers, Agence France-Presse
Oct 12 08:17 AM

The extent of European equity falls almost matched the previous day's tumble at the close, while Wall Street followed up its worst session since February with another bruising rout. Read more »

Trump says Fed 'out of control' but keeps Powell

Heather Scott, Agence France-Presse
Oct 12 08:13 AM

Trump blamed the Federal Reserve for the global stocks rout that continued Thursday for a second day amid concerns about rising interest rates. Read more »

The US Federal Reserve: How does it work?

Agence France-Presse
Oct 12 04:30 AM | Updated Oct 12 07:23 AM

The US Federal Reserve is subject to intense scrutiny by governments and investors worldwide since its decisions can ripple throughout the global economy. But how does it really work? Read more »

'Domino effect' hits US stocks as Trump slams Fed

Agence France-Presse
Oct 12 01:50 AM

European stock markets fell Thursday as economic strains and a drastic downturn in Asia spooked investors, but Wall Street managed to put a halt on its sharp fall seen the previous day, the worst since February. Read more »

NFA, magbibigay ng dagdag na tulong sa mga magsasaka

ABS-CBN News
Oct 12 01:28 AM

Magbibigay ang NFA ng dagdag na cash incentive sa mga magsasakang magbebenta sa kanila ng palay. Read more »

PEZA chief to lobby against TRAIN 2

ABS-CBN News
Oct 11 11:28 PM

The head of the Philippine Economic Zone Authority wants to meet with President Duterte to air her appeal to stop the second package of tax reforms. Read more »

PSEi falls to near 2-year low; analysts expect further plunge

ABS-CBN News
Oct 11 11:24 PM

Philippine shares were not spared from the heavy sell-off in Asia, with the Philippine Stock Exchange index briefly slipping to a near two-year low. Read more »

Smart says data services issue fixed

ABS-CBN News
Oct 11 08:29 PM | Updated Oct 12 03:29 AM

MANILA (UPDATE) - Smart on Thursday said it has restored mobile data services for its subscribers, hours after it reported "some system issues." Read more »

Inaprubahang taas-presyo sa Noche Buena products, dama na sa weekend

ABS-CBN News
Oct 11 08:28 PM

Inaprubahan ng Department of Trade and Industry ang hirit na pagtaas sa presyo ng Noche Buena products, sabi nitong Huwebes ng isang opisyal ng ahensiya. Read more »

OPEC says oil market well supplied, wary of 2019 surplus

Alex Lawler, Reuters
Oct 11 07:42 PM

OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group's secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output. Read more »

Samsung launches phones with quad, triple cameras

ABS-CBN News
Oct 11 07:13 PM

The Galaxy A9 sports a first-of-its kind rear quad camera, that includes a 10MP telephoto camera with 2x optical zoom, an 8MP 120 degree ultra wide lens, a 5MP depth lens, and 24MP main camera.  Read more »

Archie boss says never underestimate people with a background in teaching

Jan Yumul, ABS-CBN News
Oct 11 06:46 PM

Nancy Silberkleit was a teacher before becoming co-CEO of the iconic comic franchise. She assumed the role as co-CEO after her husband, Michael Silberkleit, passed away in 2008. Read more »

IMF's Lagarde warns trade, currency wars could be detrimental for growth

Leika Kihara and David Lawder, Reuters
Oct 11 03:21 PM

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt "innocent bystanders." Read more »

'Build, Build, Build' may bring decade of 7 percent growth: Diokno

Sumeet Chatterjee and Fransiska Nangoy, Reuters
Oct 11 03:20 PM

The Philippines expects economic growth to recover to 7-8 percent target next year despite global uncertainties, as it pushes ahead with massive infrastructure spending plans, the country's budget secretary said on Wednesday. Read more »

Now boarding: Passengers ready for world's longest flight

Martin Abbugao, Agence France-Presse
Oct 11 01:30 PM

SINGAPORE - Passengers were getting ready to board the world's longest flight on Thursday -- a marathon 19 hours in the air between Singapore and New York. Read more »

PT&T says to vie for third telco slot

ABS-CBN News
Oct 11 12:32 PM

This brought to at least 6 the number of firms or joint ventures that will seek to challenge the dominance of PLDT Inc and Globe Telecom. Read more »

Abandoned by banks, Indonesia's poor farmers turn to crowdfunding

Michael Taylor, Thomson Reuters Foundation
Oct 11 12:09 PM

He blamed large-scale poultry farmers who carried out a mass cull after their birds fell sick, flooding the market and sending prices tumbling. Read more »

World Bank launches 'human capital' rankings based on health, education

David Lawder, Reuters
Oct 11 10:30 AM

The bank's "Human Capital Index," showed poor African countries fared the worst in the rankings, with Chad and South Sudan taking the 2 lowest spots, while Singapore topped the list, followed by South Korea, Japan and Hong Kong. Read more »

Amazon scraps secret AI recruiting tool that showed bias against women

Jeffrey Dastin, Reuters
Oct 11 09:02 AM

The team had been building computer programs since 2014 to review job applicants' resumes with the aim of mechanizing the search for top talent, 5 people familiar with the effort told Reuters. Read more »

Bezos' Blue Origin, others get US Air Force rocket contracts

Joey Roulette, Reuters
Oct 11 08:49 AM

The awards go to Amazon.com billionaire Jeff Bezos' Blue Origin; United Launch Services, part of the United Launch Alliance (ULA) joint venture between Boeing Co and Lockheed Martin Corp; and Northrop Grumman Innovation Systems. Read more »

Xiaomi Mi 8 review: flagship specs, excellent cameras at mid-tier price

Art Fuentes, ABS-CBN News
Oct 11 08:47 AM

With a price just around P24,000 for the base version, which features 6GB of RAM and 64GB of storage, this phone is clearly aiming to capture a large chunk of the cut-throat mid-tier market. Read more »

AT&T to launch streaming service, latest to counter Netflix

Agence France-Presse
Oct 11 08:26 AM

The US telecom giant, which recently acquired media-entertainment conglomerate Time Warner, said the new service would launch in the fourth quarter of 2019.  Read more »

World stocks slide to 3-month low on tech stocks plunge, rising US rates

Herbert Lash, Reuters
Oct 11 08:21 AM

Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. Read more »

Made by Google: Pixel 3, tablet, home speaker launched

Agence France-Presse
Oct 11 08:17 AM

The Pixel 3 and Pixel 3 XL were upgraded with edge-to-edge screens that offer more display space without increasing the size of the handset. Read more »

Trump blames 'crazy' Fed as Wall Street suffers ugly losses

John Biers, Agence France-Presse
Oct 11 07:35 AM | Updated Oct 11 08:01 AM

Wall Street stocks plummeted Wednesday as worries about surging US interest rates and the impact of trade disputes, as President Donald Trump blamed the Federal Reserve, saying it had "gone crazy." Read more »