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Philippine News
Company boss gets up to 20 yrs for not remitting SSS funds
Breaking News - Tue, 08/10/2010 - 22:52
This should serve as a warning to all employers. The Supreme Court has sentenced the president of a corporation from 4 to 20 years in prison for failing to remit P400,000 worth in contributions of his employees to the Social Security System.
Categories: Philippine News
US stocks mark modest gains ahead of key Fed meet
Breaking News - Tue, 08/10/2010 - 22:52
NEW YORK—Wall Street shares closed Monday with modest gains as investors eagerly awaited a key Federal Reserve meeting on possible measures to boost the faltering US economy.
Categories: Philippine News
Oil prices up ahead of Fed meeting
Breaking News - Tue, 08/10/2010 - 22:52
NEW YORK—Oil prices drifted higher Monday on expectations that the Federal Reserve may take steps to prevent the US economic recovery from stalling.
Categories: Philippine News
Skype files request to sell shares at up to $100M
Breaking News - Tue, 08/10/2010 - 22:52
NEW YORK—Internet communications giant Skype on Monday announced plans to raise up to $100 million in shares by listing on the NASDAQ stock exchange.
Categories: Philippine News
Chevron hikes oil prices by as much as P1/L
Breaking News - Tue, 08/10/2010 - 22:52
Chevron Phil. Inc. will raise its oil prices by as much as P1 per liter effective Tuesday morning, its official said.
Categories: Philippine News
Mixed results seen in auction of treasury bills
Breaking News - Tue, 08/10/2010 - 01:27
The yield on the 91-day treasury bills went down by 2 basis points to 3.965% as the Monday auction showed mixed results, the Bureau of Treasury said.
Categories: Philippine News
Atlas to earn $10.1M from 11th shipment of copper concentrates in 2010
Breaking News - Tue, 08/10/2010 - 01:27
Atlas Consolidated Mining and Development Corporation (Atlas) has disclosed it is poised for $10.1 million in sales from its 11th shipment of copper concentrates in 2010.
Categories: Philippine News
Oil prices edge up ahead of Fed meeting
Breaking News - Tue, 08/10/2010 - 01:27
TOKYO, Japan—Oil prices edged up in Asian trade Monday following last week's dip, ahead of a widely anticipated Federal Reserve meeting.
Categories: Philippine News
RP stocks defy cautious mood overseas, posts new 31-month high
Breaking News - Tue, 08/10/2010 - 01:27
(UPDATE) Local stocks eked out a slim gain to hit a new 31-month high on Monday as follow-through buying defied a cautious overseas sentiment.
Categories: Philippine News
Dollar faces selling pressure ahead of Fed meeting
Breaking News - Tue, 08/10/2010 - 01:27
TOKYO, Japan – The dollar remained under pressure in Asia on Monday following weak US jobs figures, with the market cautiously awaiting a Federal Reserve policy meeting later this week, brokers said.
Categories: Philippine News
Art from Lehman's European branches to be auctioned
Breaking News - Tue, 08/10/2010 - 01:27
Artwork from the European branches of the collapsed United States investment bank Lehman Brothers will go under the hammer in London next month in a two-million-pound auction, administrators said Sunday.
Categories: Philippine News
Onus shifts to US Fed after jobs slump
Breaking News - Sun, 08/08/2010 - 10:49
WASHINGTON DC, United States—The Federal Reserve's rate-setting panel will meet Tuesday amid pressure to resume crisis-era spending to restart a stalled recovery.
Categories: Philippine News
Toyota to start Prius production in Thailand—reports
Breaking News - Sun, 08/08/2010 - 10:49
TOKYO—Toyota Motor will start producing the Prius hybrid in Thailand this year, stepping up overseas output of the fuel-sipping vehicles amid swelling global demand, reports said Saturday.
Categories: Philippine News
Good looks can kill women's job chances—study
Breaking News - Sun, 08/08/2010 - 10:49
WASHINGTON, August 6, 2010 (AFP) - Beauty has an ugly side when it comes to job applications: it prevents attractive women from even being considered for some positions, according to a study published Friday.
Categories: Philippine News
US shares bounce back after heavy losses
Breaking News - Sun, 08/08/2010 - 10:49
NEW YORK – Wall Street shares bounced back Friday from steep losses stemming from a weak jobs report that raised the specter of the recovery stalling.
Categories: Philippine News
Dollar falls sharply on weak US jobs report
Breaking News - Sun, 08/08/2010 - 10:49
LONDON--The dollar was sharply lower Friday after a weak US jobs report stoked fears the US economic recovery is stalling, dealers said, with the euro benefitting after recent positive eurozone data.
Categories: Philippine News
Canada's jobless rate up to 8%
Breaking News - Sun, 08/08/2010 - 10:49
WASHINGTON—Canada's unemployment rate edged up to eight percent as the economy unexpectedly lost a total of 9,300 jobs in July, the government said Friday.
Categories: Philippine News
RP has ‘very comfortable’ foreign exchange reserve
Breaking News - Sun, 08/08/2010 - 10:49
The country’s reserves of foreign currencies, the key indicator of its ability to pay for imports and engage in other commercial transactions with the rest of the world, settled at $48.6 billion as of end-July, an amount the central bank considered "very comfortable."
Categories: Philippine News
Electricity bills to go up this month
Breaking News - Sun, 08/08/2010 - 10:49
Customers of the Manila Electric Co. should brace themselves for higher electricity bills this month, as the generation charge rose by 44 centavos to P6.0962 per kilowatt-hour.
Categories: Philippine News
Oil prices mixed ahead of US non-farm payroll report
Breaking News - Sun, 08/08/2010 - 10:49
Oil prices were mixed in tepid Asian trade Friday as traders locked in profits ahead of the release of US data expected to show rising unemployment in the world's largest economy, analysts said.
Categories: Philippine News
