Stock Markets

Chinese yuan strengthens to 6.807 against USD Friday

BEIJING, June 2 — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 basis points to 6.807 against the US dollar Friday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central …

Toronto stock index makes small gain, led by bank and industrial sectors

TORONTO — Canada’s main stock index barely advanced Monday amid a quiet trading session while U.S. markets took the day off for Memorial Day. In Toronto, the S&P/TSX composite index inched up 4.98 points to 15,421.91 as bank and industrial stocks made gains. Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis, …

Canadian stock market edges down

TORONTO—Canada’s main stock index fell on Wednesday as health-care and energy weighed things down. The Toronto Stock Exchange’s S&P/TSX composite index fell 57.45 points, or 0.37 percent to close the day at 15,419.49. Financial stocks lost 0.8 percent over all while the energy sector fell one percent. The Canadian dollar rose 0.56 cents to 0.74.54 …

PSEi up, PHP weakens after martial law declaration in Mindanao

Rodrigo Duterte’s declaration of martial law in Mindanao but the peso shed against the US dollar. The main stocks index rose 0.33 percent, or 25.68 points, to 7,837.82 points, which a trader attributed to investors remaining positive on the domestic market despite the latest developments in Mindanao. Martial law was declared in the country’s southernmost …

Canadian stock market falls on U.S. political scandals

TORONTO—Canada’s main stock index fell Wednesday due to global market concerns that U.S. President Trump’s pro-business economic agenda could be slowed by political scandals. It was the largest drop for the index since last September. Financial stocks leading declines. U.S. media confirmed Tuesday a report from The New York Times that former FBI Director James …

Canadian market goes down as financial and energy sectors retreat

TORONTO—Canada’s main stock index closed lower Tuesday, reversing earlier gains as a retreat in financial and energy stocks dragged the market into negative territory. The Toronto Stock Exchange’s S&P/TSX composite index fell 86.14 points to 15,543.33 due to losses from energy companies. The June crude contract was down 19 cents at 48.66 U.S. dollars per …

Canadian stock market falls after Moody’s downgrades major banks

TORONTO—Canada’s main stock market fell on Thursday, as U.S. credit ratings agency Moody’s downgraded the country’s six largest banks and a significant change from the country’s largest airline contributed to the overall result. Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite retreated 82.66 points, or 0.53 percent, to close the day at 15,550.55 points. Eight …

PSEi rises to 7,800-level, peso firm vs. USD

MANILA—Investors tended to be more cautious Friday ahead of the release of US’ April 2017 employment situation report later in the day but the Philippines’ equities market managed to end the week upbeat and the peso remained firm. The Philippine Stock Exchange index (PSEi) surged to 7,841.99 points, up by 1.11 percent or 86.24, which …

Asia stocks slip after Fed signals more rate hikes in store

HONG KONG – Most Asian stock markets slipped Thursday after a lacklustre day on Wall Street as the Fed used its latest assessment of the U.S. economy to signal that more interest rate increases are coming. KEEPING SCORE: South Korea’s Kospi added 0.8 per cent to 2,236.29 while other major benchmarks across Asia fell, with …

PHL budget deficit down 17 % to Php 61.5 B in March

MANILA—The country’s budget deficit declined to Php 61.5 billion in March 2017, down 17 percent from Php 74.4 billion a year ago. The Bureau of Treasury (BTr) attributed the decline in budget gap to the faster growth of revenues compared with the expenditures during the period in review. BTr data show that revenues rose by …