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Breaking News
Oil mixed Asian trade ahead of energy report
10 hours 18 min agoOil prices were mixed in Asian trade Wednesday ahead of a closely watched report on energy demand in the United States, the world's biggest energy consumer.
Categories: Philippine News
Asian markets lower despite China exports data
10 hours 18 min agoAsian markets were mostly lower Wednesday despite strong Chinese exports figures as dealers took profits on earlier gains while awaiting the release of further key data from Beijing.
Categories: Philippine News
Philippine exports rise at fastest pace in 15 years—NSO
10 hours 18 min ago(UPDATE) The Philippines said Wednesday that exports rose at their fastest pace in nearly 15 years in January as the Southeast Asian nation reaped the benefits of an improving world economy.
Categories: Philippine News
US, Europe eye free-trade pacts with rising Asia
10 hours 18 min agoSINGAPORE – The United States, fearful of being sidelined as China and other fast-growing Asian economies speed up their integration, is banking on a new trade pact to shore up its Pacific influence.
Categories: Philippine News
Dollar subdued in Asia
10 hours 18 min agoTOKYO – The dollar was steady in Asia Wednesday as traders took to the sidelines ahead of US and Chinese economic reports due this week.
Categories: Philippine News
RP stocks up 0.4% on utilities play amid power crisis
10 hours 18 min ago(UPDATE) Local stocks sustained a slow but steady ascent on Wednesday led by utility stocks which sizzled on the back of a power play amid a looming power crisis in the country.
Categories: Philippine News
16% more US millionaires in 2009—study
10 hours 18 min agoWASHINGTON DC, United States—The number of millionaires in the United States jumped by 16 percent last year after slumping by 27 percent in 2008, a report released Tuesday shows.
Categories: Philippine News
Wall Street up on rebound anniversary
10 hours 18 min agoNEW YORK—Wall Street stocks posted modest gains Tuesday amid cautious trading on the one-year anniversary of the beginning of the market's rebound from its lows last year.
Categories: Philippine News
Oil prices slip on stronger dollar
10 hours 18 min agoNEW YORK—Oil prices slipped Tuesday under pressure from a stronger dollar and ahead of weekly data on petroleum inventories in the United States, the world's largest energy consumer.
Categories: Philippine News
Meralco asks ERC to slash generation rate
10 hours 18 min agoThe Manila Electric Co. (Meralco) has petitioned government regulators for approval to lower the generation charge for March, claiming that the sudden increase in the generation charge might be too much for consumers.
Categories: Philippine News
Dubai World outlines debt plan to leading creditors—report
Tue, 03/09/2010 - 17:56DUBAI—The debt-ridden Dubai World conglomerate is outlining proposals to restructure $22 billion of its debt to leading creditors, The National daily reported Tuesday.
Categories: Philippine News
Ford unveils new small car for booming India
Tue, 03/09/2010 - 17:56NEW DELHI—Auto giant Ford launched its bid to enter India's lucrative small car market on Tuesday, unveiling a brand new model to compete with international rivals from General Motors, Volkswagen and Hyundai.
Categories: Philippine News
Philips sells shares in Hong Kong's TPV
Tue, 03/09/2010 - 17:56THE HAGUE—Dutch electronics giant Philips said Tuesday it had finalised the sale of 200 million shares in Hong Kong-based flat screen producer TPV Technology for a net $130 million (95 million euros).
Categories: Philippine News
Bank lending up 5% January—BSP
Tue, 03/09/2010 - 17:56Lending by the country's commercial and universal banks continued to grow in January, but the pace of expansion slowed down substantially in what industry players said was a reflection of projections that the economic recovery this year would be gradual.
Categories: Philippine News
Honda to build second motorcycle plant in India
Tue, 03/09/2010 - 17:56Japan's Honda Motor Co. said Tuesday it would build a second motorcycle factory in India, employing about 2,000 people, to meet surging demand in the fast-growing market there.
Categories: Philippine News
Toyota Prius in runaway drama on California freeway
Tue, 03/09/2010 - 17:56A Toyota Prius accelerated out of control on a busy California freeway on Monday before police intervened to bring the vehicle to a standstill, police said.
Categories: Philippine News
RP stocks up 0.4% despite listless Wall Street trading
Tue, 03/09/2010 - 17:56(UPDATE) Local stocks advanced modestly on Tuesday to breach the 3,100 mark for the first time since mid -January, bucking the listless trading in Wall Street, even as investors turn more cautious now that the market is nearing recent highs.
Categories: Philippine News
Oil lower in Asian trade
Tue, 03/09/2010 - 17:56Oil declined in Asian trade Tuesday amid fading euphoria over better-than-expected US jobs data, analysts said.
Categories: Philippine News
Phoenix Petroleum posts 27% growth in sales revenue
Tue, 03/09/2010 - 17:56Publicly listed Phoenix Petroleum Philippines Inc. posted a 27-percent jump in sales revenue to P5.883 billion in 2009 from the previous year's P4.615 billion due to the growth of its retail network, commercial accounts, and lubricants business.
Categories: Philippine News
Oil prices struggle higher as optimism fades
Tue, 03/09/2010 - 17:56NEW YORK—Oil prices struggled Monday to extend last week's rally as the euphoria of better-than-expected US jobs data faded.
Categories: Philippine News
