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WASHINGTON, D.C.: European Central Bank President Mario Draghi said on Thursday (Friday in Manila) that the bank’s massive stimulus for the eurozone will remain in force “as long as needed” to stabilize prices. Draghi, in a speech at an International Monetary Fund forum, outlined the steps the ECB has taken…

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SINGAPORE: Oil prices sank in Asia on Friday on concerns about unrelenting global production levels despite lofty supplies, analysts said. US benchmark West Texas Intermediate for June delivery fell 15 cents to $59.73 while Brent crude for July fell six cents to $66.64 in late-morning trade. Nicholas Teo, market analyst…

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AS the dust continues to settle from last week’s general election in the UK, the possible implications for the future of the European Union are now becoming clearer, and observers Brussels and London alike are becoming increasingly nervous. The election was a convincing win for Prime Minister David Cameron and…

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The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept its key interest rates unchanged but adjusted upward its inflation forecasts for 2015 and 2016. The BSP now projects inflation for full-year 2015 at 2.3 percent, up from a previous forecast of 2.2 percent. For 2016, it raised its…


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The Bangko Sentral ng Pilipinas (BSP) on Thursday identified the Industrial Bank of Korea as the fourth foreign bank that has secured approval from the Monetary Board (MB) to set up and operate a branch in the Philippines. The BSP earlier announced it has approved the application of another foreign…

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The peso gained strength against the greenback in Thursday’s trade in line with the local equity market’s advance and after the latest US data indicated flat retail sales. The local currency closed at P44.54 to $1, recouping 18 centavos from Wednesday’s finish at P44.72. Thursday’s close was the strongest finish…

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COLON, Panama: The 35-strong crew of the North Korea-flagged Chong Chon Gang ship being held in Panama for carrying undeclared Cuban weapons is physically well, a Red Cross team said on Tuesday (Wednesday in Manila). Panamanian Red Cross director Jaime Fernandez said the North Koreans, who reportedly tried to mutiny…

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MIAMI: A United States (US) marine salvage firm has recovered virtually all of the silver bullion carried in a British cargo ship Gairsoppa that was sunk by a German U-boat off Ireland in World War II. The Odyssey Marine Exploration said it had pulled up 1,574 silver ingots from the…

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RENNES: French investigators said on Tuesday (Wednesday in Manila) they had opened a criminal probe into a lawmaker who was allegedly recorded saying that Hitler “did not kill enough” Roma. Interior Minister Manuel Valls had earlier called for Gilles Bourdouleix, a controversial lawmaker and mayor of the western town of…

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MOSUL: Militants attacked a police station in north Iraq on Wednesday with mortar rounds and automatic weapons, killing nine police. The attack, which ocurred about 7:30 a.m. (4:30 a.m. Manila time) 60 kilometers (37 miles) south of the northern city of Mosul, also wounded another two police. AFP

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MEICHUAN: Rescuers battled through dusty rubble on Tuesday to try to reach victims of two shallow earthquakes in China that killed at least 92 people, as traumatized survivors struggled with the devastation left behind. State broadcaster China Central Television (CCTV) showed images of soldiers digging through earth and sand to…

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RIO DE JANEIRO: Pope Francis got a rapturous welcome from tens of thousands of pilgrims on Monday (Tuesday in Manila) as he arrived in Brazil on his first foreign trip as pontiff, but violent protests later swept the streets. The 76-year-old Argentine rode in a open-top jeep through the center…

Today's Breaking News

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BRISBANE, Australia – Australia’s Lleyton Hewitt stunned top seed Roger Federer of Switzerland to win the Brisbane International on Sunday. Hewitt raced through the first set then held off a comeback from the world number six to win 6-1, 4-6, 6-3 in two hours, seven minutes. It was Hewitt’s 29th…

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  LONDON – A Tornado fighter jet fitted with metal components created on a 3D printer undertook a successful test flight in Britain last month, defence company BAE Systems said Sunday. The plane was equipped with a 3D-printed protective cover for the cockpit radio, a protective guard in the landing…

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DHAKA – Voting began on Sunday in a Bangladeshi general election that has been plagued by deadly violence and is being boycotted by the main opposition party. “The polls opened across the country at 8:00 am (0200 GMT),” said election commission spokesman S.M. Asaduzzaman. Turnout is expected to be low…

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QUITO, Ecuador – Amazon founder Jeff Bezos was recovering after being airlifted off the scenic Galapagos Islands because he was suffering from severe kidney stones, an Ecuadoran official said. The 49-year-old American billionaire, who also owns The Washington Post, was walking on a tourist yacht near Santa Fe Island when…

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BANGKOK – Thousands of Thai opposition protesters marched through Bangkok on Sunday to demand the prime minister step down, in a “warm-up” for their planned occupation of the city. The demonstrators, who are seeking to curb the political dominance of Prime Minister Yingluck Shinawatra’s billionaire family, say they will…