Stocks cautious over Greece, China notches another big gain

Stocks cautious over Greece, China notches another big gain

Associated Press - European shares mostly fell Tuesday as markets reopened after holidays in several countries, with concerns over Greece's debt crisis overshadowing upbeat news from China. KEEPING SCORE: Germ…

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  • Toshiba to seek extension for annual filing deadline: sources

    Toshiba to seek extension for annual filing deadline: sources

    Japan's Toshiba Corp is likely to seek an extension for its annual securities filing deadline amid a probe of past accounting irregularities, seeking to avoid being placed under supervision by the Tokyo bourse, sources said on Tuesday. The industrial conglomerate has set up a third-party committee to conduct an independent inquiry into book-keeping errors that led to profits being overstated by at least $415 million in recent years. Sources, including a regulator and senior company official, said the inquiry was likely to take more than a month, meaning Toshiba would be unable to file its annual report, the equivalent of a Form 10-K, before the end of June as required. More »

    Reuters - 7 minutes ago
  • Charter deal seeks to keep cable consolidation on track

    Charter deal seeks to keep cable consolidation on track

    Charter Communications Inc. is said to be nearing a deal to buy Time Warner Cable Inc. for $55 billion. It would be the latest in a series of deals that have reshaped the cable-TV industry. More »

    Associated Press - 10 minutes ago
  • EU to continue with tax study even after Amazon changes

    EU to continue with tax study even after Amazon changes

    The European Commission said on Tuesday it would continue its investigation into Luxembourg's tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy. More »

    Reuters - 11 minutes ago
  • Cable company Charter buying Time Warner Cable for $55.3B

    Cable company Charter buying Time Warner Cable for $55.3B

    NEW YORK (AP) — Charter Communications is buying Time Warner Cable for $55.33 billion, creating one of the largest TV and Internet providers in the U.S. More »

    Associated Press - 14 minutes ago
  • China to extend military reach, build lighthouses in disputed waters

    China to extend military reach, build lighthouses in disputed waters

    By Megha Rajagopalan BEIJING (Reuters) - China outlined a strategy to boost its naval reach on Tuesday and held a groundbreaking ceremony for two lighthouses in disputed waters, developments likely to escalate tensions in a region already jittery about Beijing's maritime ambitions. In a policy document issued by the State Council, the Communist-ruled country's cabinet, China vowed to increase its "open seas protection", switching from air defence to both offence and defence, and criticised neighbours who take "provocative actions" on its reefs and islands. China has been taking an increasingly assertive posture over recent years in the disputed waters of the South China Sea, where Beijing has engaged in land reclamation in the Spratly archipelago. More »

    Reuters - 16 minutes ago
  • Nepal moves to protect children from traffickers after quake

    Nepal moves to protect children from traffickers after quake

    By Gopal Sharma KATHMANDU (Reuters) - Nepal banned children from travelling without parents or approved guardians on Tuesday in an unprecedented move to deter human traffickers who authorities fear are targeting vulnerable families after last month's devastating earthquake. Hundreds of thousands of families lost their homes in Nepal after two large earthquakes struck on April 25 and May 12, killing more than 8,600 people and raising concerns among rights groups that trafficking rings in the region are taking advantage of the chaos. Children under 16 would not be permitted to travel outside their home district without a parent or another adult approved by the district's Child Welfare Board, a senior official said. More »

    Reuters - 32 minutes ago
  • Most Asia markets advance, Hong Kong and Shanghai lead way

    Most Asia markets advance, Hong Kong and Shanghai lead way

    Major Asian markets mostly rose Tuesday, with Hong Kong and Shanghai leading the way, while Tokyo marked an eighth straight gain to a 15-year high. More »

    AFP News - 41 minutes ago
  • China's yuan currency 'no longer undervalued': IMF

    China's yuan currency 'no longer undervalued': IMF

    China's yuan currency, which Washington has long alleged was manipulated, is "no longer undervalued", the International Monetary Fund said Tuesday. "Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued," the IMF said in a statement after a consultation mission to China. The value of the yuan, also known as the renminbi, has been a source of tension for years with China's major trade partners -- led by Washington -- accusing Beijing of keeping it artificially low to give Chinese exporters an unfair competitive advantage, which Beijing denied. More »

    AFP News - 53 minutes ago
  • Charter to buy Time Warner Cable in $78.7 billion deal

    Charter to buy Time Warner Cable in $78.7 billion deal

    (Reuters) - Charter Communications Inc said it would buy Time Warner Cable Inc in a deal valued at $78.7 billion, as the second and third largest U.S. cable operators look to better compete with market leader Comcast Corp. The equity portion of the deal is $55.76 billion based on Time Warner Cable's diluted shares outstanding as of March 31. The offer values each Time Warner Cable share at about $195.71 based on Charter's closing price on May 20, the companies said in a statement on Tuesday. Time Warner Cable's shares rose 11.6 percent to $190.50 in premarket trading, while Charter's stock was up 3.2 percent at $181. More »

    Reuters - 1 hour 9 minutes ago
  • Top 10 highest-paid CEOs

    Top 10 highest-paid CEOs

    NEW YORK (AP) — Here are the 10 highest-paid CEOs for 2014, as calculated by The Associated Press and Equilar, an executive pay data firm: More »

    Associated Press - 1 hour 11 minutes ago
  • Media CEOs are the highest-paid American executives

    Media CEOs are the highest-paid American executives

    NEW YORK (AP) — They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league. More »

    Associated Press - 1 hour 17 minutes ago
  • Ryanair beats forecasts again as annual profits rise 66 pct

    Ryanair beats forecasts again as annual profits rise 66 pct

    DUBLIN (AP) — Europe's leading budget airline, Ryanair, has beaten forecasts again, reporting full-year net profits of 867 million euros ($949 million), 66 percent higher than the year before. More »

    Associated Press - 1 hour 45 minutes ago
  • Modi vows cleaner India, but no clear path to get there

    Modi vows cleaner India, but no clear path to get there

    NEW DELHI (AP) — Four months after becoming prime minister, Narendra Modi stunned Indians by picking up a crude straw broom and, holding it like a dance partner, gently sweeping at a small pile of green leaves on a New Delhi street. More »

    Associated Press - 2 hours 29 minutes ago
  • Fabius hopes Paris climate talks can reverse Copenhagen failure

    Fabius hopes Paris climate talks can reverse Copenhagen failure

    By John Irish and Emmanuel Jarry PARIS (Reuters) - A breakthrough international accord to curb global warming is within reach but major hurdles still loom including resistance to a legally binding accord, France's foreign minister said in an interview with Reuters. Senior officials from almost 200 nations will meet from Nov. 30 to Dec. 11 in Paris to try to rise above the collapse of the last global climate-change conference in Copenhagen in 2009 and nail down an elusive final agreement. "All the governments stress that they want to find an accord in Paris, but the questions remain complicated and getting a consensus between 196 parties is very difficult," French Foreign Minister Laurent Fabius said in the interview. More »

    Reuters - 2 hours 50 minutes ago
  • Skype summoned to Belgian court over failure to share call data

    Skype summoned to Belgian court over failure to share call data

    Online communication service Skype has been summoned to appear in court in Belgium after refusing to pass on customer data to aid a criminal investigation, a court spokesman said. A court in Mechelen, just north of Brussels, had asked for data from messages and calls exchanged on Microsoft-owned Skype, arguing that telecom operators in the country were required to do so. "The judicial question is whether Skype is also a telecoms operator," the court spokesman said, adding that Skype would have to pass on the data if this was established to be the case. More »

    Reuters - 3 hours ago
  • SE Asia Stocks - Mostly down; Thai shares near 2-week low

    BANGKOK, May 26 (Reuters) - Most sharemarkets in Southeast Asia fell on Tuesday with the Thai index ending at a near two-week low and the Philippines touching a near four-week low after trade data while ... …

  • China breaks ground on lighthouse project in South China Sea

    China hosted a groundbreaking ceremony for the building of two lighthouses in the disputed South China Sea, state media said on Tuesday, a move that is likely to escalate tensions in a region already jittery about Beijing's maritime ambitions. China's Ministry of Transport hosted the ceremony for the construction of two multi-functional lighthouses on Huayang Reef and Chigua Reef on the disputed Spratly islands, state news agency Xinhua said, defying calls from the United States and the …

  • SE Asia Stocks - Thai, Philippine indexes weak after trade data

    BANGKOK, May 26 (Reuters) - Most Southeast Asian stock markets rose in line with the rest of Asia on Tuesday but the Thai index pared early gains after weak trade data in April, while the Philippine benchmark ... …

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  • Currencies
    Currencies
    NamePriceChange% Chg
    44.6545+0.0395+0.09%
    USDPHP=X
    33.1646-0.093-0.28%
    SGDPHP=X
    48.7956-0.1984-0.40%
    EURPHP=X
    68.8016-0.2178-0.32%
    GBPPHP=X
    0.3643-0.0027-0.74%
    JPYPHP=X
    5.7598+0.0046+0.08%
    HKDPHP=X
    12.3053-0.0395-0.32%
    MYRPHP=X
    295.7823+0.2504+0.08%
    PHPIDR=X
    0.1389-0.0001-0.11%
    PHPCNY=X
    34.8461-0.0624-0.18%
    AUDPHP=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,194.30-9.70-0.81%
    GCM15.CMX
    16.79-0.26-1.53%
    SIN15.CMX
    71.25-0.60-0.84%
    ^XAU
    2.79-0.02-0.71%
    HGN15.CMX
    59.47-0.25-0.42%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.56+0.05
    ^FVX
    2.21+0.03
    ^TNX
    2.99+0.01
    ^TYX
  • Cruising in Bohol Pinay Solo Backpacker
    Cruising in Bohol

    Bohol surely packs a punch. I have not tried the iconic Bohol River Cruise on my first visit, which many tourists finds unforgivable. A cruise boat winds its way through the palm-fringed Loboc River. Like a painting that comes to life, Bohol’s countryside is vivid, fringed with forest-clad hills and vast pastoral lands. …

  • Pilgrimage in Batan Island Pinay Solo Backpacker
    Pilgrimage in Batan Island

    Its ruggedly enchanting topography and the serene atmosphere makes Batanes seems such a friendly place. No wonder, it is flocked by tourists during the Lenten season. …

  • VERA Files: DFA misleading public in Sabah for Spratlys issue The Inbox
    VERA Files: DFA misleading public in Sabah for Spratlys issue

    Note Verbale No. 15-1979 sent to Malaysia, the basis of VERA Files’ story, stated that it is reviewing the Aug. 4, 2009 protest (No. 000819) it filed with the United Nations.  The Philippines’ August 2009 protest, contained in two pages, singles out North Borneo or the old name of Sabah. Contrary to what DFA’s comment that putting out the story was a disservice to the country, VERA Files released the story in the interest of the public to help it fully understand the issues involved. …

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