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Villar-led Vista Land and Lifescapes Inc. said it is confident it will meet its full-year net income and revenue targets on the back of its strong performance in the first nine months. Manuel Paolo Villar, Vista Land president and chief executive officer, said in a press briefing on Wednesday that…

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SINGAPORE: Oil prices fell in subdued Asian trade on Wednesday following sustained speculation about the dim prospects for an Organization of the Petroleum Exporting Countries (OPEC) oil production cut in the face of abundant global supplies. US benchmark West Texas Intermediate for December delivery fell 52 cents to $77.42 while…

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HONG KONG: Asian markets were mostly higher on Wednesday as Tokyo extended a rally after the dollar broke 116 yen for the first time in seven years, while speculation swirls that Japan may put off another unpopular sales tax hike. Wall Street provided support for buyers again after the Dow…

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LONDON: Global regulators announced on Wednesday $3.2 billion (2.5 billion euros) in fines against five major US and European banks over allegations of rigging in foreign exchange markets. The hefty fines, announced in London, Washington and Zurich, follow a worldwide probe into the scandal surrounding the £3-trillion-a-day forex market. British…

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BRISBANE, Australia: G20 leaders will this weekend pledge to rev up combined growth by $2 trillion but analysts are skeptical of success with key pistons of the global economic engine such as Germany and China starting to misfire, and Japan again at risk of going into reverse. With Barack Obama,…

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PARIS: With fossil fuels set to meet most of the increased global demand for energy, the International Energy Agency (IEA) warned on Wednesday that climate change targets are at risk and conflicts could still wreak havoc with supplies. “The global energy system is in danger of falling short of the…

Regions

World

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SEOUL: The defense chiefs of South Korea, Japan and the United States will hold their first trilateral meeting for four years at the end of this month, with North Korea likely to top the agenda. The three top officials will meet on the sidelines of the annual Asia Security Summit…

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KUCHING: About 300 Borneo tribes people staged a protest at a world hydroelectric industry meeting in Malaysia on Wednesday to denounce dams they say are destroying forests and native ways. Officials in the Malaysian state of Sarawak have for years been accused of ramming through controversial dams, and opponents have…

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BEIJING: Chinese state media on Wednesday welcomed news of the first summit between President Xi Jinping and his US counterpart, Barack Obama, saying the meeting will help “reduce suspicions” in the relationship. The talks, the first since Xi was installed as Chinese leader and Obama began his second term, will…

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WASHINGTON, D.C.: A key US senator on Tuesday backed an end to US sanctions on Myanmar after a landmark visit by the country’s reformist leader, signaling a new normalization in relations despite rights concerns. President Thein Sein, a general-turned-civilian who ended Myanmar’s long isolation from the West, met lawmakers at…

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SINGAPORE: Two US pathologists on Wednesday supported Singapore police findings that an American scientist found hanged last year in the city-state committed suicide and was not murdered as his family claims. Medical examiners David Fowler of Maryland and Valerie Rao of Florida testified as independent experts a day after the…

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TOKYO: Japan’s parliament on Wednesday approved an international treaty on child abductions after decades of pressure from the United States and other Western nations. Japan is the only member of the Group of Eight major industrialized nations that has not ratified the 1980 Hague Convention, which requires nations to return…

Today's Breaking News

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De La Salle University rookie head coach Juno Sauler said Green Archers’ drive to constantly improve themselves was the key to their winning the UAAP men’s basketball crown. Sauler, 40, told reporters in the post-game interview that La Salle will get even better next year. “The important thing for me…

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ZAMBOANGA CITY – Rebellion charges have been filed against 23 men who surrendered at the height of fierce fighting between security forces and Moro National Liberation Front (MNLF) members in Zamboanga City last month, reports said Saturday. Solar News, which quoted Assistant City Prosecutor Glady Bernabe, reported the group of Commander…

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WASHINGTON – The Senate will hold a rare Sunday session as US politicians grapple with how to reopen the shuttered government and avoid a potentially calamitous failure to pay the country’s debt obligations. With Republicans in the House of Representatives blaming President Barack Obama for the collapse of talks…

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LAS VEGAS – Timothy Bradley battled to a split-decision triumph over Juan Manuel Marquez on Saturday to retain his World Boxing Organization welterweight title. Bradley remained unbeaten, and denied 40-year-old Marquez a world title in a fifth weight class. The bout featured the last two fighters to beat Filipino ring…

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The 41st exploratory talks between the Philippine government and the Moro Islamic Liberation Front (MILF) being held in Kuala Lumpur, Malaysia, ended Sunday with “substantial” progress on the remaining Annexes on power sharing and normalization. In a joint statement emailed to the Philippines News Agency, both panels said “they have…