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Breaking News
Dollar slips against euro as risk appetites rise
Sun, 06/27/2010 - 08:25NEW YORK – The dollar lost ground against the euro Friday, after a US financial reform deal hammered out in Congress encouraged investor appetite for risk, benefiting the single European currency.
Categories: Philippine News
US stocks mixed in choppy trade
Sun, 06/27/2010 - 08:25NEW YORK—US stocks closed mixed in choppy trade Friday as investors digested a major financial reform bill and a downward revision to first-quarter economic growth.
Categories: Philippine News
G8 meets as US pushes Europe on economic growth
Sun, 06/27/2010 - 08:25HUNTSVILLE—The United States was Friday to push Europe to focus on encouraging economic growth rather than slashing budgets as world leaders gathered for G8 and G20 summit talks.
Categories: Philippine News
US first-quarter GDP growth cut to 2.7 percent
Sun, 06/27/2010 - 08:25WASHINGTON—The US economy grew at a weaker-than-expected 2.7 percent rate in the first quarter, a third and final revision from the US Commerce Department showed Friday.
Categories: Philippine News
India deregulates petrol prices
Sun, 06/27/2010 - 08:25NEW DELHI—India's government decided to deregulate petrol prices Friday in a bold economic reform that risks a popular backlash as the country struggles with double-digit inflation.
Categories: Philippine News
Aquino faces huge deficit
Sun, 06/27/2010 - 08:25Faced by a huge public deficit, the incoming Aquino administration should either raise taxes or reverse tax breaks that have been approved by Congress.
Categories: Philippine News
Asian markets extend losses after Wall Street fall
Sun, 06/27/2010 - 08:25HONG KONG – Asian stocks followed Wall Street lower on Friday as concerns over the global economy returned, while China set the yuan at its strongest rate in five years a day before a key G20 summit.
Categories: Philippine News
Taiwan, China finishing important trade pact
Fri, 06/25/2010 - 07:46Negotiators from China and Taiwan met Thursday to finish a bilateral trade deal that seems destined to change the island's character in a way not seen since it split from the Chinese mainland amid civil war 61 years ago.
Categories: Philippine News
Asian stocks rise as Rudd resignation boosts resource firms
Fri, 06/25/2010 - 07:46HONG KONG – Asian markets were mostly up Thursday as news that Australia's prime minister had resigned lifted hopes that a planned controversial resource tax may be softened.
Categories: Philippine News
Dollar weaker on worries over US economic recovery
Fri, 06/25/2010 - 07:46TOKYO – The dollar stayed weak against the euro and other major currencies in Asia on Thursday, dragged down by renewed concerns over the US economy, dealers said.
Categories: Philippine News
US stocks mixed after home sales fall, dim Fed outlook
Fri, 06/25/2010 - 07:46NEW YORK—US stocks were mixed Wednesday after new-home sales tumbled to a record low and the Federal Reserve signaled caution over the US economic recovery while maintaining ultra-low interest rates.
Categories: Philippine News
World oil prices dip on weak data and rising reserves
Fri, 06/25/2010 - 07:46NEW YORK—World oil prices plunged Wednesday on higher than expected US reserve estimates and signs of a limited economic recovery.
Categories: Philippine News
Asian gaming demand greater than five Las Vegases—US tycoon
Fri, 06/25/2010 - 07:46Asians' love of gambling is so strong that the equivalent of five Las Vegases in the region will not be enough to satisfy demand, American gaming tycoon Sheldon Adelson said Wednesday.
Categories: Philippine News
Toshiba to make motors for Ford hybrid
Fri, 06/25/2010 - 07:46TOKYO - Japanese electronics giant Toshiba said Wednesday it will build electric motors for a new Ford hybrid vehicle at its plant in the United States.
Categories: Philippine News
Buzz is back in Singapore convention and expo business
Fri, 06/25/2010 - 07:46SINGAPORE - The buzz is back in Singapore's convention and exhibition industry as Asia-Pacific economies rebound and new casinos attract more visitors to one of the region's favorite meeting destinations.
Categories: Philippine News
Lithium market could bloom as tide goes out on oil
Fri, 06/25/2010 - 07:46HONG KONG - Lithium is not much to look at. It's a soft and light, silver-white metal known for its use in mood stabilizing drugs.
Categories: Philippine News
Oil extends losses in Asian trade
Fri, 06/25/2010 - 07:46SINGAPORE - Oil extended losses in Asian trade Wednesday as disappointing economic data tempered optimism that China's move to a more flexible yuan would lift energy demand, analysts said.
Categories: Philippine News
Oil trades lower in Asia
Wed, 06/23/2010 - 06:02SINGAPORE – Oil prices eased in Asian trade Tuesday after surging the day before as investors weighed the effects of China's announcement that it would allow a more flexible yuan currency.
Categories: Philippine News
China sets stronger exchange rate for yuan against dollar
Wed, 06/23/2010 - 06:02BEIJING – China's central bank set a stronger yuan exchange rate on Tuesday, after it had promised to let the currency trade more freely against the dollar.
Categories: Philippine News
Wall Street yuan rally fades
Wed, 06/23/2010 - 06:02NEW YORK—US stocks ended lower Monday after a rally fueled by China's decision to allow its currency to float more freely lost momentum before the market closed.
Categories: Philippine News
