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Breaking News
Alliance Global makes $500-M bond issue
Mon, 08/16/2010 - 12:40Tycoon Andrew Tan’s property and consumer-based holding firm Alliance Global Group Inc. debuted on the offshore debt market with a $500-million seven-year bond issue.
Categories: Philippine News
Ionics to set up operations in US
Mon, 08/16/2010 - 06:09The electronics manufacturing company Ionics Inc. is expanding in the United States with the establishment of a full service design and photocopying house in Silicon Valley.
Categories: Philippine News
US stocks drop after somber employment data
Mon, 08/16/2010 - 06:09US stocks extended losses Thursday as data showing an unexpected rise in weekly jobless claims refueled recovery fears in the world's biggest economy.
Categories: Philippine News
World oil prices drop sharply on demand fears
Mon, 08/16/2010 - 06:09World oil prices fell sharply for the third straight day Thursday amid market fears that demand will shrink against the backdrop of a possible global economic slowdown.
Categories: Philippine News
San Miguel interim profits slide
Thu, 08/12/2010 - 21:38Top Philippine conglomerate San Miguel Corp. said Thursday its net profits for the first half fell to P6.2 billion ($138 million), but that its move into the power sector had been a boon.
Categories: Philippine News
Vista Land nets P1.3B in first half of 2010, up 29%
Thu, 08/12/2010 - 21:38Property developer Vista Land & Lifescapes Inc. grew its first half net profits by 29 percent year-on-year to P1.3 billion on robust home sales driven by overseas Filipino worker-backed households.
Categories: Philippine News
Coconut export up 128% in first half of 2010—PCA
Thu, 08/12/2010 - 21:38The Philippines' coconut export jumped by 128 percent to 1.3 million metric tons in the first half of the year compared to data in the same period in 2009.
Categories: Philippine News
RP stocks tumble on Wall Street bloodbath
Thu, 08/12/2010 - 21:38(UPDATE) Local stocks tumbled on Thursday following an overnight bloodbath in Wall Street that was triggered by global concerns on the fragile global economic recovery.
Categories: Philippine News
Asian shares dive on renewed recovery fears
Thu, 08/12/2010 - 21:38Fresh doubts over the durability of the global economic recovery sent a chill through Asian markets Thursday, as shares tumbled and the dollar teetered near 15-year lows against the yen.
Categories: Philippine News
Oil plunges further in Asian trade
Thu, 08/12/2010 - 21:38SINGAPORE – Oil prices sank further in Asian trade Thursday, as a slew of negative economic data worldwide ignited concerns over the fragile state of the global economic recovery, analysts said.
Categories: Philippine News
Germany set for striking growth numbers—analysts
Thu, 08/12/2010 - 21:38Germany has got a massive boost from the global economy after the country's worst post-war recession last year and with latest growth figures due on Friday, analysts are now bracing for the best.
Categories: Philippine News
Gloom reigns as US recovery slows
Thu, 08/12/2010 - 21:38World markets were thrown into turmoil Wednesday as investors worried that US growth -- a key engine of the global economy -- is coming coughing and spluttering to a halt.
Categories: Philippine News
Australia's Qantas profits down 4.3 percent
Thu, 08/12/2010 - 21:38SYDNEY, Australia—Australia's Qantas Airways Thursday announced a 4.3-percent drop in full-year net profits but said conditions were improving as the industry recovers from its battering in the financial crisis.
Categories: Philippine News
US suffers widest trade gap in 20 months
Thu, 08/12/2010 - 21:38WASHINGTON DC, United States—The US trade deficit widened sharply in June to the highest level in 20 months on increased imports from China, triggering fresh fears of a slowdown in the world's largest economy.
Categories: Philippine News
Dollar surges, except against yen, on global economic fears
Thu, 08/12/2010 - 21:38The US dollar surged against the euro Wednesday as investors sought the safe-haven greenback on concerns over a potential global slowdown stemming from problems in the US and China.
Categories: Philippine News
US stocks nose dive amid new fears
Thu, 08/12/2010 - 21:38NEW YORK—US stocks slumped Wednesday as negative data from the US and China offered a bleak outlook on the global economic recovery.
Categories: Philippine News
World oil prices drop in line with stock markets
Thu, 08/12/2010 - 07:39NEW YORK—World oil prices fell sharply Wednesday in line with tumbling global equity markets as investors set aside a positive International Energy Agency report on demand.
Categories: Philippine News
Peso drops as global economy slows down
Wed, 08/11/2010 - 18:33The peso dropped Wednesday back to the 45:$1 level amid concerns the pace of global economic growth has been slowing down.
Categories: Philippine News
BSP takes cue from US Fed in keeping interest rates low
Wed, 08/11/2010 - 18:33The decision of the US Federal Reserve to keep its rates at near zero has given the Bangko Sentral ng Pilipinas further leeway to maintain its own policy rates at historic lows, BSP Governor Amando Tetangco Jr. said.
Categories: Philippine News
Alaska Milk’s net profit grows 25% to P532M in second quarter
Wed, 08/11/2010 - 18:33Leading milk manufacturer Alaska Milk Corp. (AMC) expanded its second quarter net profit by 25 percent year-on-year to P532 million on a combination of higher sales and subdued input costs.
Categories: Philippine News
