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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
Tokyo shares fall below 9,000 mark
Breaking News - Tue, 08/24/2010 - 07:50
Japanese shares fell below the 9,000-points level for the first time since May 2009 after opening Tuesday, with the headline Nikkei index hitting a low of 8,983.52.
Categories: Philippine News
Petron cuts oil prices
Breaking News - Tue, 08/24/2010 - 07:50
Petron Corp. will implement another round of price cuts effective Tuesday morning, the firm said in an advisory Monday.
Categories: Philippine News
Citibank Philippines vows to refund clients ‘swindled’ by exec
Breaking News - Tue, 08/24/2010 - 07:50
Citibank Philippines vowed on Monday to fully reimburse clients who were swindled by former wealth management executive Francis Bryan Ang.
Categories: Philippine News
Betfair has option to buy 40% stake in DFNN gaming unit
Breaking News - Tue, 08/24/2010 - 07:50
The Diversified Financial Network Inc. (DFNN) group has given London-based Betfair International ENC the option to acquire a 40 percent stake in an overseas unit involved in the gaming business.
Categories: Philippine News
RP stocks up for 6th straight day
Breaking News - Tue, 08/24/2010 - 07:50
Local stocks rallied to a new 31-month high on Monday as cash-awashed investors sought higher returns in exchange for higher risk-taking, shrugging off the cautious sentiment overseas.
Categories: Philippine News
Oil rises in Asian trade
Breaking News - Tue, 08/24/2010 - 07:50
SINGAPORE—Crude prices rose in quiet Asian trade Monday, but analysts warned that a strengthening greenback and dearth of hurricane news might pull markets down.
Categories: Philippine News
Gin by any other name still ‘ginebra’
Breaking News - Tue, 08/24/2010 - 07:50
The Court of Appeals (CA) has thrown out the petition of an alcoholic beverage firm asking for the exclusive use of “ginebra” on its gin products.
Categories: Philippine News
