00:49.4
The French CAC 40 is lower by half a percent.
00:52.8
As for Wall Street, futures are pointing to another flat trade for the major U.S. indices.
00:58.1
Here are some stocks to watch out for.
01:03.1
We're monitoring shares of British oil giant BP, which rose to their highest level since October
01:08.7
after it said it expects higher upstream production in oil and gas in the first quarter.
01:14.4
BP shares last traded in the green, up by 1 percent.
01:18.7
Also in focus, shares of HSBC after it announced it will sell its banking operations in Argentina
01:24.8
in a deal worth $550 million.
01:28.1
It will report a $1 billion pre-tax loss on the sale in the first quarter of 2024.
01:35.2
HSBC shares are up three-tenths of a percent.
01:37.8
We're also keeping a close watch on shares of Donald Trump's media and technology firm,
01:43.1
which is on a downward trajectory after a strong debut in late March.
01:47.9
Investors have soured after the company disclosed millions of dollars in losses earlier this month.
01:53.9
The stock is down eight-tenths of a percent in pre-market trading.
01:58.1
Meanwhile, Asian markets ended Tuesday trade higher.
02:02.2
The Nikkei 225 rose for a second straight day as data showed consumer confidence in Japan
02:08.1
rose to its highest level in nearly five years.
02:12.3
The South Korean KOSPI, meanwhile, bucked the uptrend following a drop in index heavyweight Samsung.
02:18.2
Shares of the tech giant slumped 1 percent as the sister of Samsung chairman J.Y. Lee
02:23.3
reportedly unloaded about 5.25 million shares.
02:28.1
In a blocked sale worth some $326 billion.
02:32.4
Local media said the sale was aimed at raising funds to pay off her inheritance tax
02:38.0
after Samsung patriarch Lee Kun-hee died in 2020.
02:44.0
The Philippines' budget deficit projected to decline this year.
02:48.5
Fitch unit BMI forecast the gap will narrow to 5.5 percent of GDP.
02:54.4
That's lower from 2023's 6.2 percent.
02:58.1
That could mark the third consecutive year the budget shortfall shrinks
03:02.3
amid the Marcos administration's push for fiscal consolidation.
03:06.8
BMI, meanwhile, notes revenue collection will likely overshoot the government's target.
03:11.8
That's after revenue collection hit 3.8 trillion pesos last year.
03:16.9
BMI believes collections will amount to around 16.3 percent of GDP by end of 2028.
03:23.2
The Fitch unit sees the Philippine economy growing 6.2 percent this year.
03:28.1
China taking a swipe at the upcoming trilateral summit of the U.S., the Philippines and Japan in Washington.
03:37.6
Beijing's foreign ministry says China is against what it calls circles that threaten regional peace and stability.
03:44.7
It also slams the U.S., U.K. and Australia for expanding their security partnership,
03:50.7
claiming it is intensifying the arms race in the Asia-Pacific region.
03:55.6
China's comments also come on the heels.
03:58.1
The first maritime cooperative activity of the Philippines, U.S., Japan and Australia.
04:06.5
We oppose relevant countries cobbling together exclusionary small circles and creating block confrontations.
04:14.0
Japan in particularly should learn from the lessons of history
04:17.4
and be cautious in its words and deeds in the field of military security.
04:21.4
Any cooperation conducted by any countries should be conducive to regional peace and stability.
04:28.1
Meanwhile, Manila's ambassador to Washington denies China's claims regional peace and stability would be threatened by the trilateral summit.
04:38.7
Ambassador Jose Manuel Romualdez adds the Philippines can no longer ignore China's actions,
04:44.4
saying the country's patience has been stretched to the limit.
04:50.4
What President Marcos is doing is just simply saying that enough is enough.
04:55.3
We are now going to talk to you seriously.
04:58.1
We are not here because we want to have a conflict.
05:02.2
We're not here because we just want to have, we're looking for a fight.
05:06.1
We are the ones that are being aggressively bullied.
05:11.5
And so what are we going to do?
05:13.6
The Filipino people will not stand for that.
05:15.9
People who have this wrong notion that we'll just sit back and nothing will happen to us.
05:21.5
We may wake up one day and we won't have a country anymore.
05:28.1
As the U.S. beefs up ties with its Asian allies,
05:31.0
Russia and China agreed to discuss ways to deepen security cooperation across Europe and Asia.
05:36.6
The announcement comes as Russia's foreign ministry visits China, where he met with President Xi Jinping.
05:43.2
Russia and China declared what they call a no-limits partnership in February 2022
05:48.3
when President Vladimir Putin visited Beijing,
05:52.0
just days before he sent tens of thousands of troops into Ukraine,
05:56.0
triggering the deadliest land war.
05:57.9
Turkey restricts the export of a wide range of products to Israel.
06:06.0
That move is in response to Israel rejecting Turkey's request to drop aid into war-torn Gaza.
06:12.6
The restrictions, which include curbs on exports of steel, fertilizers, iron and jet fuel,
06:19.2
span 54 different categories.
06:22.4
Ankara's foreign minister says the measures will remain in place
06:25.8
until Israel declares a ceasefire.
06:27.9
and allows the unhindered access of humanitarian aid to Gaza.
06:33.0
Israel has vowed to respond with its own trade restrictions.
06:38.9
We're taking a quick break.
06:40.8
Up next, Hong Kong authorities uncover the city's largest gold smuggling case on record.
06:47.0
That and more when Business Outlook returns.
06:56.1
Ten million dollars worth of gold,
06:57.9
concealed as machine parts,
07:00.2
seized in Hong Kong
07:01.7
and the city's biggest gold smuggling bust.
07:04.5
Authorities say the smuggled gold was intercepted
07:06.9
in two air compressors at the Hong Kong International Airport.
07:10.7
The equipment was being sent to Japan
07:14.0
with authorities saying the operation was meant to avoid import tariffs of about 10 percent,
07:19.7
potentially saving more than 8.4 million Hong Kong dollars in duties.
07:24.1
A 31-year-old male suspect was arrested and released.
07:27.5
A group of elderly Swiss women score a landmark climate win.
07:34.6
The European Court of Human Rights ruled Tuesday
07:37.4
in favor of a group of over 2,000 women
07:40.3
who had argued the Swiss government's inaction to combat climate change
07:44.5
put them at risk of dying during heat waves.
07:47.5
The verdict, which cannot be appealed,
07:49.4
could compel the Swiss government to take greater action on reducing emissions.
07:55.6
The respondent state had been accused of smuggling gold.
07:57.5
It had previously failed to meet its past greenhouse gas emission reduction targets.
08:03.0
By failing to act in good time
08:05.2
and in an appropriate and consistent manner
08:08.0
regarding the devising, development, and implementation
08:12.0
of the relevant legislative and administrative framework,
08:16.4
the court holds that the respondent state
08:18.9
exceeded its margin of appreciation
08:21.3
and failed to comply with its positive obligations
08:24.9
under Article 8 of the Convention.
08:27.5
The court, however, threw out two other similar climate cases
08:34.9
filed against 33 European governments.
08:38.0
Meanwhile, a new report flags major international companies
08:41.4
for failing to reduce carbon emissions.
08:44.3
Two non-profit groups say
08:45.8
clothing brand H&M and Nestle, among others,
08:49.4
accounted for 16% of emissions in 2022.
08:53.2
The report also called out 51 companies
08:56.2
for supposedly extending the climate crisis.
08:57.5
The report alleged that indepent and under-exaggerating
09:00.6
their sustainability claims.
09:00.7
The report also called out 52 companies
09:01.1
for supposedly extending the climate crisis.
09:01.1
The report also called out 52 companies
09:01.2
for supposedly extending the climate crisis.
09:02.5
A Philippine trade union proposes window hours
09:05.3
to implement a sought-after heat break in workplaces.
09:08.8
The TUCP said Tuesday,
09:10.6
companies can implement it from 11 in the morning
09:13.2
until 2 in the afternoon.
09:15.3
It also suggested flexible office hours
09:18.0
which could see work starting earlier in the morning
09:20.9
or ending later at 5
09:22.9
so workers can be out of the extreme heat.
09:26.4
It also spoke of the fact that workers can be out of the extreme heat.
09:27.5
The need for a heat risk action plan.
09:32.4
Climate change is really a reality that we face.
09:35.7
Labor groups actually call this just transition.
09:38.8
That we ensure that no workers left behind amid climate change.
09:42.1
We call on employers and workers as well as government to a social dialogue
09:46.8
in order that we craft this action plan as soon as possible
09:50.7
because we know that this extreme heat as well as the extreme storms in the latter part of the year
09:56.3
will now be the new normal that we have to face and that we have to brave together.
10:03.6
Vietnam Airlines set to launch direct flights to Manila,
10:07.4
becoming the first Vietnamese carrier to do so.
10:10.0
Starting June 17, travelers can fly to Hanoi three times a week and to Ho Chi Minh four times a week.
10:17.3
Vietnam Airlines says booking is now available on their websites, mobile app and ticket offices.
10:23.1
The Philippine ICT Department says a recent cyber attack against the Customs Bureau
10:30.8
may have compromised personal information of thousands of employees and customers.
10:38.0
Andrea Taguinas reports.
10:54.0
DICT Undersecretary Jeffrey D. says it was the BOC's help desk ticketing system
10:59.4
and management information dashboard that were affected by the breach.
11:03.4
A report by cyber advocacy group Deep Web Connect says
11:06.8
these databases involved the personal information of over 2,000 employees and 80,000 BOC customers.
11:14.7
Information in the help desk ticketing system includes profiles of clients
11:20.0
and clients could either be importers, exporters or brokers.
11:23.1
According to D, information on cargo movements and potentially even some trade secrets
11:31.0
may have been compromised as well.
11:33.1
May mga nagpo-float na mga information about yung sinasabi mo nga about movement of cargos.
11:38.4
Because if there are issues, you call help desk.
11:40.4
It is possible that some of these information could be classified as trade secrets
11:46.0
by the private sector or by these businessmen and traders.
11:50.2
The DICT's National Computer Emergency Response
11:53.1
team has yet to determine for sure how long the hacking has been going on
11:57.2
and who is behind it.
11:58.3
But D assured the public the BOC's main system was not infiltrated.
12:03.3
The main system is called the E2M or the electronic to mobile system.
12:08.8
Well, hindi yun yung tinamaan.
12:10.7
We will try our best to isolate the E2M.
12:14.5
Kasi yung E2M, nandun lahat.
12:15.8
May nakakonek yan sa ASEAN single window, which connects all ASEAN countries.
12:21.2
It's like an advanced system.
12:23.1
Information system.
12:24.2
Meanwhile, Custom Spokesperson Jet Marunilla told ABS-CBN News
12:28.5
there has been no disruption in the Bureau's operations.
12:32.3
Moving forward, D again called on government agencies to heed the DICT's advice
12:37.1
whenever the agency's experts detect vulnerabilities in their networks
12:41.3
to prevent any more hacking incidents.
12:43.6
Yung mga issues na nakikita natin na tinamaan ang BOC, tinamaan ang DOST, tinamaan, you know,
12:50.3
most of this na ibigay namin sa kanila in advance.
12:53.1
Masabi namin, may nakidetect kaming vulnerability, baka tamaan kayo ng hacking.
12:58.0
Pagtuunan naman po natin ang pansin para dumating po yung panahon na mas kakaunti na yung mga ganitong atake.
13:03.7
Just last week, the DICT also confirmed a cyber attack on the Department of Science and Technology,
13:09.4
which resulted in a significant data loss.
13:12.1
Andrea Taguines, ABS-CBN News.
13:16.1
Philippine President Marcos Jr. visits Balanga in Bataan to witness the ceremonial turnover of housing projects there.
13:23.1
Over 200 families who previously lived near a river will each receive two-bedroom units inside six three-story condominium-type buildings.
13:33.0
The project also has public facilities such as a four-story school building and a covered basketball court.
13:39.7
The National Housing Authority plans to construct 1.3 million housing units for informal sector families before the end of Marcos' term in 2028.
13:53.1
Asa rin po kayo na lahat ng sambayan ng Pilipina,
13:57.2
sa ilalim ng Pambansampabahay para sa Filipino Housing Program o yung tinatawag naming 4PH Program,
14:05.3
patuloy ang pagpupursige ng pamahalaan upang mabigyan ng maayos na tahanan ang ating mga kababayan.
14:15.6
Millions of sky watchers gathered Monday for the first solar eclipse to grace North America in seven years.
14:23.1
Bela gives us a look at the celestial event in New York.
14:28.0
Hundreds of people gathered at the iconic Corona Park in Queens, New York
14:32.8
for a glimpse of the much-awaited stunning partial solar eclipse on Monday.
14:39.2
The 2024 partial solar eclipse was seen in all five boroughs of New York City.
14:45.1
Filipinos were among those in the Big Apple who looked up with their solar eclipse glasses.
14:51.2
Once in a lifetime nga lang pong experience.
14:53.1
So it's a treasure and privilege and have something to tell to my kids na naka-experience po ako ng solar eclipse here in New York.
15:02.8
It was like the first time I ever saw a solar eclipse. It was like the best experience of my life.
15:11.2
In ancient Philippine mythology, a serpent-like dragon called Bakunawa causes eclipses, earthquakes, rains, and wind.
15:19.2
It was believed that the eclipse was a Bakunawa swallow.
15:23.1
But six-year-old Filipino-American Haru, at a young age, perfectly describes the science of eclipse.
15:31.8
When the moon blocks the sun, it casts a shadow.
15:37.4
And my teacher said, the whole New York City is not a full eclipse, it's a partial eclipse.
15:44.6
For many Filipinos, it was a chance of a lifetime and probably their first and last chance
15:51.6
to see something close to home.
15:53.1
This is Tony Torrigosa's third solar eclipse viewing after seeing similar ones in 1955 and in 1988, then in the Philippines.
16:07.8
The U.S. Space Agency NASA says the next total solar eclipse visible in America will be on August 23, 2044,
16:17.8
where the path of totality will only touch three states,
16:23.8
and South Dakota.
16:25.4
Dawn Tagala, ABS-CBN News, New York.
16:30.7
And before we go, here's what we can expect on Market Edge tomorrow at 9 a.m.
16:36.1
Michelle Ong will be talking to the co-founder and president of Golden Visa Central, Vicky Luis,
16:41.7
about their upcoming roadshow on their Greek Golden Visa program.
16:45.9
Meanwhile, the new Edge wealth's Ben Emos will be giving his insights on the markets.
16:52.5
And Islamic Finance expert attorney Amer Husein Mambuay will be discussing Islamic Finance and his market outlook for the year.
17:02.7
That is your Business Outlook. I'm Ron Kroos.
17:05.3
And I'm Salve Duplito.
17:06.6
The world tonight comes your way at the top of the next hour.
17:09.7
Keep it here on ANC.
