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Breaking News
Aboitiz power firm leads charge in RP stock market
Mon, 03/15/2010 - 13:06Local stocks were a tad higher on Monday as an energy play on Aboitiz stocks alongside a firm Wall Street trading tempered snowballing profit-taking pressure.
Categories: Philippine News
Wall Street faces Fed meeting with momentum
Mon, 03/15/2010 - 07:14NEW YORK – Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary policy meeting.
Categories: Philippine News
Apple COO Tim Cook to receive $5 million bonus
Mon, 03/15/2010 - 07:14WASHINGTON – Apple's chief operating officer Tim Cook is to receive a $5 million bonus for taking over the reins of the company while chief executive Steve Jobs was on medical leave last year.
Categories: Philippine News
RP saw net inflow of `hot money’ in February
Fri, 03/12/2010 - 22:18The Philippines saw a net inflow of "hot money" in February, a reversal of the net outflow in the same month the previous year, as investor sentiment turns from bearish to bullish given projections of a global economic recovery in 2010.
Categories: Philippine News
Exposure of banks to bad loans eased up in January
Fri, 03/12/2010 - 22:18Exposure of universal and commercial banks to soured loans eased in January from a year ago in what regulators said was an indication that lending standards remain prudent even amid rising loans extended by these financial institutions.
Categories: Philippine News
Peso recovers from fall, ends at 45.6 against the dollar
Fri, 03/12/2010 - 22:18The peso closed stronger Friday, quickly recovering from the fall seen the previous day and reinforcing projections that the local currency will relatively be strong in 2010 amid improved investor sentiment.
Categories: Philippine News
San Miguel willing to sell 27% stake in Meralco
Fri, 03/12/2010 - 22:18Diversifying conglomerate San Miguel Corp. is willing to sell its 27 percent stake in the country's largest power retailer Manila Electric Co. "at the right price," company chair Eduardo Cojuangco Jr. said on Friday.
Categories: Philippine News
SM Purefoods chalks up P2.7-B in net profits
Fri, 03/12/2010 - 22:18San Miguel Purefoods Corp., the food unit of the San Miguel group, chalked up a record P2.7 billion in net profits in 2009, up 17-fold over the P149 million bottom line posted in the same period the previous year despite a domestic economic slowdown and the sluggish markets.
Categories: Philippine News
San Miguel Purefoods raising P5B from shares relaunch
Fri, 03/12/2010 - 22:18San Miguel Purefoods Co. Inc., the food unit of the San Miguel group, plans to raise about P5 billion from the sale of new shares through either a public offering, private placement or a combination of these within this year.
Categories: Philippine News
Asia stocks mixed as China tightening fears linger
Fri, 03/12/2010 - 22:18HONG KONG – Lingering fears China may introduce new credit-tightening after higher-than-expected inflation data were offset Friday by calls from Japan's premier for a weaker yen, leaving Asian stocks mixed.
Categories: Philippine News
RP stocks down on PLDT cash dividends, BSP relief measures
Fri, 03/12/2010 - 22:18Local stocks fell sharply on Friday largely due to the cash dividend payment of telecommunications giant Philippine Long Distance Telephone Co. and the unwinding of monetary relief measures by the Bangko Sentral ng Pilipinas.
Categories: Philippine News
Top management, banks, audit firm blamed for Lehman fall
Fri, 03/12/2010 - 22:18A court-appointed expert blamed Thursday the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.
Categories: Philippine News
Oil prices above $82 a barrel
Fri, 03/12/2010 - 22:18SINGAPORE – (UPDATE) Oil prices rose in Asian trade Friday, lifted by signs of stronger demand as the world economy recovers from recession, analysts said.
Categories: Philippine News
Canned fish exporter ups stake in NZ food firm
Fri, 03/12/2010 - 22:18Canned fish exporter Alliance Tuna International Inc. has jacked up its stake in New Zealand's second largest smoked salmon processor Prime Foods NZ Ltd. as part of its overseas expansion.
Categories: Philippine News
US stocks climb on bank cheer
Fri, 03/12/2010 - 22:18US stocks staged an 11th hour rally Thursday after the head of Citigroup, Vikram Pandit, said he was sure the major bank was on track for a sustainable recovery, lifting sentiment.
Categories: Philippine News
Oil prices mixed in holding pattern ahead of OPEC meet
Fri, 03/12/2010 - 07:10Oil prices traded narrowly mixed Thursday as the market weighed prospects for global economic recovery ahead of an OPEC meeting next week.
Categories: Philippine News
US lawyers seek billions from Toyota for value loss
Thu, 03/11/2010 - 05:37CHICAGO – US lawyers are seeking billions of dollars from Toyota to compensate the millions of people who saw the value of their vehicles drop in the wake of a series of mass safety recalls.
Categories: Philippine News
Metrobank 2009 profit up 36.8%
Thu, 03/11/2010 - 05:37Metropolitan Bank and Trust Co. grew its 2009 net profit by 36.8 percent to P6 billion over a year ago on a double-digit growth in interest income as well as fee-based and treasury earnings.
Categories: Philippine News
Shale technology boom spurs revolution in gas market
Thu, 03/11/2010 - 05:37HOUSTON – A gas market revolution is brewing as extraction technologies on underground rock boost production in North America, where reserves are now seen supplying more than a century of demand.
Categories: Philippine News
Aboitiz taking 100% control of City Savings Bank in Cebu
Thu, 03/11/2010 - 05:37Upbeat on prospects on retail banking, the Aboitiz group is raising its stake in Cebu-based thrift bank City Savings Bank (CSB) to attain full control by buying out other shareholders.
Categories: Philippine News
