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Philippine News
Asian stocks rise but dollar falls on BoJ disappointment
Breaking News - Tue, 08/31/2010 - 08:10
PARIS, France — The yen gained ground Monday against the dollar and the euro despite action by the Bank of Japan to stem the rise of the currency.
Categories: Philippine News
Boracay initially loses P15M due to hostage crisis
Breaking News - Tue, 08/31/2010 - 08:10
Businesses in Boracay have lost P15 million in income opportunities due to the cancellation of bookings in Boracay by tourists from the Hong Kong territory and the rest of China following the bloody hostage-taking last week, the Department of Tourism (DoT) said.
Categories: Philippine News
Cebu traders eye investments in other RP cities
Breaking News - Tue, 08/31/2010 - 08:10
After going to other countries to generate business linkages, the Cebu Chamber of Commerce and Industry (CCCI) is exploring investment and trade opportunities in other Philippine cities.
Categories: Philippine News
Bank of Japan announces additional easing measures
Breaking News - Tue, 08/31/2010 - 08:10
The Bank of Japan decided at an emergency policy meeting Monday to expand its funding program introduced in December in an effort to safeguard a fragile recovery threatened by a strong yen.
Categories: Philippine News
Bank of Japan starts emergency policy meeting
Breaking News - Tue, 08/31/2010 - 08:10
The Bank of Japan was holding an emergency policy meeting Monday amid speculation it will implement additional easing measures to help the economy, which is being battered by a strong yen.
Categories: Philippine News
Stocks seen to move sideways this week
Breaking News - Tue, 08/31/2010 - 08:10
Local stocks will likely enter a consolidation phase this week as the market awaits more incentives to load up on equities before testing recent index highs.
Categories: Philippine News
Think-tank calls for rescue, not abolition of NFA
Breaking News - Tue, 08/31/2010 - 08:10
The National Food Authority must be transformed into an economically viable entity that will fulfill its mandate of pursuing food security and stabilize prices of rice for the benefit of underprivileged Filipino consumers.
Categories: Philippine News
BPI to open branches in Europe despite fiscal crisis
Breaking News - Tue, 08/31/2010 - 08:10
The Bank of the Philippine Islands, one of the biggest banking channels for overseas Filipino remittances will proceed with expansion plans in the European Union despite feeling the pinch from the recent fiscal crisis in the region.
Categories: Philippine News
US-Asean economic ties 'priority' despite no show—embassy
Breaking News - Sun, 08/29/2010 - 07:21
HANOI – Economic ties between the United States and Southeast Asia are "a high priority," an embassy spokesman said Saturday despite the absence of US officials from a key regional trade meeting.
Categories: Philippine News
Washington approves United, Continental merger
Breaking News - Sun, 08/29/2010 - 07:21
WASHINGTON – The United States on Friday cleared the way for a merger between US carriers United and Continental that will create the world's biggest airline, officials and the airlines said.
Categories: Philippine News
Wall Street awaits US jobs report
Breaking News - Sun, 08/29/2010 - 07:21
NEW YORK – Wall Street may be in for another rocky week, as traders brace for negative data topped by an expected rise in the US unemployment rate that could dampen economic recovery prospects.
Categories: Philippine News
US stocks rally after Fed chief reassurances
Breaking News - Sun, 08/29/2010 - 07:21
NEW YORK – Wall Street rallied on Friday after Federal Reserve chief Ben Bernanke offered reassurances the US central bank was ready to step in if the economy faltered.
Categories: Philippine News
Dollar up against euro, down against yen
Breaking News - Sun, 08/29/2010 - 07:21
NEW YORK – The dollar fell against the euro but rose against the yen on Friday after US Federal Reserve chief Ben Bernanke vowed to take action if the recovery of the world's biggest economy faltered.
Categories: Philippine News
RP stocks bounce back, shake off hostage-taking jitters
Breaking News - Wed, 08/25/2010 - 11:08
Local stocks promptly bounced back on Wednesday as the cash-awash financial system shook off knee-jerk jitters caused by a bloody hostage-taking crisis in Manila.
Categories: Philippine News
Dollar rebounds amid prospect of Japanese intervention
Breaking News - Wed, 08/25/2010 - 11:08
TOKYO, Japan - The dollar rebounded against the yen in Asia on Wednesday after Japan's finance minister said he was ready to take "proper measures" to curb the yen's rise if necessary, dealers said.
Categories: Philippine News
Oil edges higher in Asia
Breaking News - Wed, 08/25/2010 - 11:08
SINGAPORE — Oil recovered in Asian trade Wednesday but prices remained under $72 amid worries about the fragile US economy, analysts said.
Categories: Philippine News
US mounts global push for shale gas
Breaking News - Wed, 08/25/2010 - 11:08
WASHINGTON – The United States on Tuesday offered to help major economies such as China and India develop shale gas, a rapidly growing sector in North America which US officials bill as a clean alternative.
Categories: Philippine News
Wall Street slips on new bleak housing data
Breaking News - Wed, 08/25/2010 - 11:08
NEW YORK—Wall Street shares slumped Tuesday after a dismal housing report deepened fears for the recovery of the world's biggest economy.
Categories: Philippine News
World oil prices slide under $72
Breaking News - Wed, 08/25/2010 - 11:08
NEW YORK—World oil prices slumped Tuesday, extending five days of losses, with New York crude hitting an 11-week low under $72 per barrel on rising concerns about a weak economic recovery.
Categories: Philippine News
Oil prices fall in Asian trade
Breaking News - Tue, 08/24/2010 - 07:50
Crude prices were down in Asia Tuesday as analysts said losses in equities markets compounded fears over weak oil fundamentals amid ongoing concerns about the global economy.
Categories: Philippine News
