February 20, 2017, 4:43 pm
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International

IMF says view on Greek bailout deal unchanged

WASHINGTON/BERLIN - The International Monetary Fund declined to comment on a media report on Friday that it was likely to contribute up to 5 billion euros ($5.3 billion) to a third bailout package for Greece, saying its views on the deal had not shifted.
 

Trudeau says CETA blueprint of future trade pacts

STRASBOURG- Canadian Prime Minister Justin Trudeau praised the European Union on Thursday as an unprecedented model for peaceful cooperation, in a speech to EU lawmakers that contrasted sharply with the critical stance of U.S. President Donald Trump.
 

China’s overseas investment, property purchases slump as capital controls bite

BEIJING- China’s non-financial outbound direct investment (ODI) slumped in January and its offshore property purchases plunged after authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country’s foreign exchange reserves.

US inflation fastest in 4 years

WASHINGTON- U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month.

Aetna, Humana drop $34B merger; Cigna walks out

NEW YORK/WASHINGTON.—Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger and Cigna Corp sought to end its deal with Anthem, shelving the industry consolidation they charted to address former President Barack Obama’s Affordable Care Act.

Berkshire takes huge bite of Apple

NEW YORK. —Warren Buffett’s Berkshire Hathaway Inc .was an aggressive buyer of stocks in last year’s fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest US airlines.

HK police struggle to stop brokerage hacking spree

HONG KONG - Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages - a little-known type of computer-generated fraud that surged in the Chinese territory last year.

Abe: Trump agrees policy of no forex manipulation

TOKYO - Japanese Prime Minister Shinzo Abe said on Wednesday U.S. President Donald Trump shared his view at last week’s summit that Japan’s monetary policy was not currency manipulation but to end deflation.

Inflation picks up to multi-year highs in China as CB eyes tighter policy

BEIJING- China’s producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity is building momentum.
 

Australia firms report bigger sales; conditions near decade highs

SYDNEY- Australian business conditions jumped to their highest in nearly a decade in January as firms reported a pick up in sales while profits steadied, pointing to solid economic growth after a soft patch late last year.
 

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Front Page

Column of the Day

Trillanes to Duterte: Sign waiver of bank secrecy law addressed to BPI

By ELLEN TORDESILLAS | February 20,2017
433 View(s) 0 Comment(s)
‘Trillanes did not fall into the trap of Duterte diverting the issue with his personal insults to him.’

Opinion of the Day

More on the DeLima-Trillanes team

By DAHLI ASPILLERA | February 20, 2017
501 View(s) 0 Comment(s)
‘Sen. Trillanes to President Duterte: “Disclose your bank account deposits!’