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Breaking News
Asian markets mixed despite bright US data
Wed, 08/18/2010 - 22:33Asian markets were mixed Wednesday despite a strong Wall Street lead after a much-needed batch of good figures from the United States pointed to a brighter outlook for the world's biggest economy.
Categories: Philippine News
Dollar in tight range against yen
Wed, 08/18/2010 - 22:33The dollar stayed within a narrow range Wednesday in Asia, slowing the recent appreciation of the yen thanks to bright economic data that eased worries over the US outlook.
Categories: Philippine News
Oil dips in Asian trade
Wed, 08/18/2010 - 22:33SINGAPORE — Oil dipped in Asian trade Wednesday as investors locked in profits from a price rally overnight and on continued concerns over the global economic rebound.
Categories: Philippine News
Wall Street rallies amid positive data
Wed, 08/18/2010 - 22:33NEW YORK—US stocks rallied Tuesday on the back of encouraging economic data and positive quarterly earnings from retail giant Wal-Mart.
Categories: Philippine News
China to loan Ecuador $1 billion
Wed, 08/18/2010 - 22:33QUITO, Ecuador—China will loan a billion dollars to Ecuador for energy, oil, and telecommunications projects and a Chinese company is interested in investing another billion dollars in agricultural projects, Ecuadoran authorities said Tuesday.
Categories: Philippine News
World oil prices rally, ending five-day losing streak
Wed, 08/18/2010 - 22:33NEW YORK—World oil prices rallied on Tuesday after five straight days of losses, thanks to a weaker dollar and rising equities following upbeat US economic data.
Categories: Philippine News
First Philippine Holdings post record high P27B in net income
Wed, 08/18/2010 - 04:53The Lopez-led power holding firm First Philippine Holdings Corp. booked a record-high net income of P27 billion in the first half due to a hefty gain from the sale of additional shares in power distributor Manila Electric Co.
Categories: Philippine News
RP stocks climb as bargain hunters outplay profit-takers
Wed, 08/18/2010 - 04:53Local stocks crept up on Tuesday, shrugging off a cautious overseas environment for the second day in a row, as bargain-hunters overpowered profit-takers to push up the index back to the 3,500 level.
Categories: Philippine News
PNB net profit grows 18% to P1.8B in first half
Wed, 08/18/2010 - 04:53Tycoon Lucio Tan-led Philippine National Bank boosted its first-semester net profit by 18 percent year-on-year to P1.8 billion due to higher fees and treasury gains.
Categories: Philippine News
BIR collects P63.8B in July, falls short of target by 5.3%
Wed, 08/18/2010 - 04:53A preliminary report of the Bureau of Internal Revenue shows that the agency collected P63.8 billion in taxes last July, a shortfall of 5.3 percent from the target of P67.4 billion.
Categories: Philippine News
Oil prices rebound in Asian trade, above $75
Wed, 08/18/2010 - 04:53SINGAPORE—Oil rebounded in Asian trade Tuesday after five straight days of losses, but trading was subdued due to concerns over the strength of the global economic recovery and the impact on energy demand.
Categories: Philippine News
Flour millers to hike prices
Wed, 08/18/2010 - 04:53Members of the Philippine Association of Flour Millers (Pafmil) will increase the prices of both hard and soft flour to reflect the surge in wheat prices brought about by Russia’s ban on grain exportation.
Categories: Philippine News
Dollar down on profit-taking
Wed, 08/18/2010 - 04:53NEW YORK, United States—The US dollar fell against most key currencies Monday as investors locked in profits following the greenback's strong gains last week.
Categories: Philippine News
World oil prices slip on weak Japanese growth data
Wed, 08/18/2010 - 04:53NEW YORK—World oil prices slid on Monday after Japan reported a sharp slowdown in second quarter growth, fanning worries about weak energy demand.
Categories: Philippine News
ATR KimEng boosts net profit to P144M in first half
Tue, 08/17/2010 - 06:13Financial services group ATR KimEng Financial Corp. boosted its first-semester consolidated net profit by 52.2 percent to P144 million on robust insurance, trading and interest earnings.
Categories: Philippine News
Remittances from OFWs soar in June
Tue, 08/17/2010 - 06:13Remittances reached an all-time high in June, thanks to global economic recovery that fueled an increase in employment opportunities and to sustained demand specifically for Filipino workers.
Categories: Philippine News
PSE posts 91% increase in net profits in first half
Tue, 08/17/2010 - 06:13The Philippine Stock Exchange jacked up its first-semester net profits by 91 percent year-on-year to P148.3 million on higher listing and trading-related revenues coupled with lower operating expenses.
Categories: Philippine News
RP stocks in modest growth on selective bargain-hunting
Tue, 08/17/2010 - 06:13Local stocks modestly gained on Monday, defying a cautious environment overseas, on the back of selective bargain-hunting.
Categories: Philippine News
Dollar under pressure in Asia
Tue, 08/17/2010 - 06:13TOKYO, Japan — The dollar was under pressure in Asian trade Monday as investors closely watched for possible steps Japanese authorities may take against the yen's strength, dealers said.
Categories: Philippine News
San Miguel gets controlling stake of Bell Telecommunication
Tue, 08/17/2010 - 06:13Diversifying San Miguel Corp. has acquired a controlling stake in a second telecommunications platform, Bell Telecommunication Philippines Inc., to beef up its entry into the highly competitive voice, data, and video business.
Categories: Philippine News
