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PHILIPPINE Savings Bank (PSBank), the thrift-bank of the Metrobank Group, posted a lower net income in 2014 compared with the previous year but said its core margins managed to post double-digit growth for the year. Net income last year amounted to P2.3 billion, 21 percent lower than the profit it…

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LOS ANGELES: Who’s ready for an Apple Watch? It’s Apple’s first foray into a new product category since 2010’s iPad, and its debut in the growing wearables market. The watch, which will be previewed Monday at a press event in San Francisco, is poised to become Apple’s most expensive product…

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FRANKFURT: The European Central Bank (ECB) on Monday is set to begin its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing program to stimulate growth and ward off deflation across the eurozone. The program calls for the eurozone central bank to buy around 60 billion euros of public and private…

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LONDON: The euro dived on Monday to a new 11.5-year low against the dollar as the European Central Bank (ECB) kicked off its radical 1.1-trillion-euro ($1.2-trillion) bond-buying program, known as quantitative easing. Sentiment was also weighed down by concerns over Greece, with Athens due to present its reform plans to…


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TOKYO: Japan’s economy grew less than initially thought in the final quarter of 2014, revised government data showed on Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world’s…

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SINGAPORE: Oil prices fell in Asia on Monday, pressed by a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) dipped 11 cents to $49.50 a barrel while Brent shed 33 cents to…

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BAGHDAD: The death toll from a wave of attacks in Iraq mostly targeting Shiites in packed markets rose to 57, officials said on Wednesday, marking a second day of brutal violence against the sect. A series of bombings and shootings on Monday and Tuesday have left more than 100 people…

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LISBON: Portugal’s Foreign Minister Paulo Portas tendered his resignation on Tuesday, a day after the country’s finance minister also quit. The surprise move came a day after the shock resignation of Finance Minister Vitor Gaspar, the architect of the country’s reforms under its European Union-International Monetary Fund bailout, which has…

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TBILISI: Georgia on Tuesday (Wednesday in Manila) said it had revoked visa-free entry for Iranians amid concerns that Tehran might be using its booming business ties with the small former-Soviet state to skirt international sanctions. Georgia and Iran agreed visa-free travel for short visits in 2010, in a move that…

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JOHANNESBURG: South Africa’s last apartheid President FW de Klerk underwent a successful operation on Tuesday (Wednesday in Manila) to have a pacemaker fitted, as his fellow Nobel peace laureate Nelson Mandela lies critically ill. De Klerk cut short a visit to Europe over the weekend because of Mandela’s failing health,…

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PESHAWAR: Dozens of heavily armed militants stormed a checkpoint in a northwestern Pakistani village overnight, killing at least six paramilitary police and wounding seven others, officials said on Wednesday. The attack took place at Jina Kor, 40 kilometers southeast of Peshawar and close to the tribal area of Darra Adam…

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LYON: Police across Central America and the Caribbean have seized nearly 30 tons of drugs worth an estimated $822 million (630 million euros) in a coordinated operation, Interpol announced on Tuesday (Wednesday in Manila). Officers involved in the operation, which took place across 34 countries, also arrested 142 suspects. The…

Today's Breaking News

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A film based on the life of Nelson Mandela, “Long Walk to Freedom”, has became South Africa’s all-time highest grossing picture after its opening last week, production company Videovision Entertainment said Tuesday. The British-South African co-production, starring British actor Idris Elba as Mandela, has earned 4.4 million rand ($427,000, 315,000…

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WITH the various natural and man-made calamities that pounded the country, 2013 is indeed a tough year for the Philippines, according to President Benigno Aquino 3rd. Speaking before the Bulong Pulungan on Tuesday, the Chief Executive admitted that the nation is still hurting after being hit by both natural and…

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Malacañang has welcomed the latest results of the Transparency International Corruption Perceptions Index which showed an improvement in the country’s anti-corruption drive. In a statement, Palace spokesman Edwin Lacierda said that “the momentum of reform continues unabated, as recognized by the global anti-corruption coalition, Transparency International.” According to the latest…

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Manila Electric Co. (Meralco) consumers will experience a significant hike in their electricity bill this month amid the upcoming maintenance shutdown of the Malampaya natural gas field which provides bulk of the Luzon’s power generation needs. “This year, the effect of the Malampaya pipeline shutdown was compounded by the outage…

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THE ruling Liberal Party (LP) has yet to discuss whether Interior and Local Government Secretary Manuel “Mar” Roxas 2nd will be its standard bearer for the 2016 Presidential polls. President Benigno Aquino 3rd, who is the LP’s national chairman, on Tuesday said that the party has yet to discuss its…