A consumers’ group in Palawan is petitioning the National Electrification Administration to take control over the management of the Palawan Electric Cooperative to address power outages and soaring electricity costs. Seen in this undated photo are power linemen conducting maintenance operations. (PNA photo by Joan Bondoc) The Independent Electricity Market …
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NEW YORK — Stocks rose on Wall Street Friday and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. Every major index notched a second straight week of gains, which included several fresh records. It marks a strong start to August following several weak …
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ALPHABET is looking to raise between $20 billion and $25 billion from its latest US bond offering, a source familiar with the matter said on Thursday, weeks after the tech giant’s 2026 capital spending outlook triggered a steep sell-off. The company is offering notes in as many as 10 parts, …
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SINGAPORE — A surge in income from wealth management and other fee revenue helped Singapore’s top three banks to cushion the impact of low interest rates, as lenders bet the region’s fast-growing affluent population will continue to underpin growth this year. The results underscore the strength of Asia’s wealth boom, …
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SANTA FE, New Mexico — A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial the social media giant lost in March. In a late Thursday ruling, …
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CHICAGO, Illinois — Video game giant Electronic Arts (EA) officially has new owners as the California-based maker of popular titles like “Battlefield” and “The Sims” announced on Tuesday that it closed the $55-billion sale of its business to Saudi Arabia’s Public Investment Fund (PIF), investment firm Silver Lake Partners and …
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SINGAPORE — DBS Group, Singapore’s biggest bank, raised its full-year guidance after second-quarter net profit rose 9 percent, as it leans on its wealth management business, treasury sales and trading income to drive growth. Shares of DBS rose 3 percent to a record high of SG$75.80 after it posted a …
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iqoncept / Depositphotos.com NEW YORK — Stocks meandered to a mixed finish on Wall Street Wednesday and remained close to their records, while oil prices held steady. The uncertain trading on Wall Street followed two days of big gains that gave the week and August a strong start. Several big …
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Gold rose for a fourth session on Thursday and touched its highest level in seven weeks, helped by a softer dollar, while market participants assessed the chances of the Strait of Hormuz reopening. Spot gold was up 0.2 percent at $4,254.98 per ounce by 0636 GMT, after earlier hitting its …
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The SpaceX Starship and Super Heavy v3 Booster lift off on its 13th test flight from the SpaceX launch complex in Starbase, Texas last month (Reuters) SAN FRANCISCO, California — SpaceX’s revenue jumped 92 percent in the second quarter (Q2), beating analyst expectations by around $1 billion in its first …
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