HONG KONG – Asian markets struggled on Friday despite Wall Street benchmarks climbing overnight on the back of healthy US economic data. The S&P 500 and Nasdaq… Read more “Asian equities sluggish after fresh Wall Street records”
Tag: Stock Market
Bitcoin sinks and approaches $30,000
LONDON (AdChoiceTV News) — The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies… Read more “Bitcoin sinks and approaches $30,000”
Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week
UBS Singapore AG, Ang’s stabilization agent, told the Philippine Stock Exchange (PSE) that it purchased a total of 259.824 million MONDE shares at an average price of… Read more “Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week”
Stocks index down on profit-taking; peso keeps footing
MANILA (AdChoiceTV News) — The local main stocks gauge ended the week’s first trading day in the negative territory due to profit-taking but the local currency closed… Read more “Stocks index down on profit-taking; peso keeps footing”
ABS-CBN puts up collateral for debt standstill deal
ABS-CBN and its lenders agree on a P14.56-billion mortgage registration, effectively protecting the company from a loan default ABS-CBN Corporation has reached a standstill agreement with lenders… Read more “ABS-CBN puts up collateral for debt standstill deal”
PSEi starts week in green, snaps 3-day downturn
MANILA, Philippines — The stock market opened the week on a positive note yesterday as investors went to hunt for bargains at the last minute, traders said.… Read more “PSEi starts week in green, snaps 3-day downturn”
Japanese carmakers assess impact of fire at Renesas chip plant
AdChoiceTV News — Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of a fire at a Renesas Electronics… Read more “Japanese carmakers assess impact of fire at Renesas chip plant”
Asia markets swing as inflation fear tempers recovery hope
HONG KONG – Asian markets fluctuated Monday as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will fuel continues… Read more “Asia markets swing as inflation fear tempers recovery hope”
Stocks climb as investors take cue from Wall Street
AdChoiceTV News — Stocks continued to post modest gains yesterday as investors decided to hunt for bargains, mostly blue chips, battered by heavy selling pressure the past… Read more “Stocks climb as investors take cue from Wall Street”
Philippines vulnerable to rising US yields – S&P
AdChoiceTV News — The Philippines is vulnerable to the impact of rising US yields on financial conditions and growth outlook, but not as much as during the… Read more “Philippines vulnerable to rising US yields – S&P”
Index ends higher on lighter selling pressure
AdChoiceTV News — Share prices finished marginally higher yesterday as investors stay mostly on the sidelines amid worries over the pace of economic recovery, traders said. The… Read more “Index ends higher on lighter selling pressure”
SEC approves changes to delisting rules
AdChoiceTV News — The Securities and Exchange Commission (SEC) has approved the proposed amendments to the Philippine Stock Exchange Voluntary Delisting Rules. According to the circular issued… Read more “SEC approves changes to delisting rules”
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