Stock Markets

PSE, BAP renew talks for PDS share acquisition

MANILA—The Philippine Stock Exchange, Inc. (PSE) signed an agreement with the Bankers Association of the Philippines (BAP) to resume discussions on the purchase of BAP’s 28.9 percent stake in the Philippine Dealings System Holdings Corporation (PDS). The PSE has a 20.98 percent ownership in PDS. “This occasion underscores our commitment to see a unified equities …

Canadian market ends session flat

TORONTO—Canada’s main stock market in Toronto stood pat on Thursday, as losses in Materials stocks were neutralized by gains from the Energy sector. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite inched down 0.14 points, with a change of less than one percentage point to close the session at 15,496.84 points. Four of the …

Canadian market dips as crude oil dips to three-month low

TORONTO—Canada’s main stock market in Toronto experienced a triple-digit loss on Wednesday, as energy stocks tumbled after crude oil prices fell to a three-month low. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite dipped 111.80 points, or 0.72 percent, to close the trading day at 15,496.98 points. Eight of the 10 sub-groups finished the …

US stocks tick down amid rate hike concerns

NEW YORK—US stocks retreated record highs Thursday, as worries about a March rate hike weighed on investor sentiment. The Dow Jones Industrial Average dipped 112.58 points, or 0.53 percent, to 21,002.97. The S&P 500 lost 14.04 points, or 0.59 percent, to 2,381.92. The Nasdaq Composite Index was down 42.81 points, or 0.73 percent, to 5,861.22. …

Canadian market rebounds with biggest gain in six months

TORONTO—Canada’s main stock market in Toronto ended a run of five straight losing sessions on Wednesday, as strong gains in Financials and Material groups contributed to the index posting its highest single-day gain since Sepember. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite jumped 200.44 points, or 1.30 percent, to end the day at …

Asian markets mostly higher, watching Trump speech closely

TOKYO—Asian markets were mostly higher Wednesday as attention turned to President Donald Trump’s speech to Congress for clues on what might be ahead for trade, regulations and taxes. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 1.3 per cent to 19,361.75. Australia’s S&P/ASX 200 slipped 0.4 per cent at 5,690.40. But Hong Kong’s Hang Seng added …

PSE nets PHP701-M in 2016

MANILA—The Philippine Stock Exchange Inc. (PSE) on Friday said its profit surged by 3 percent to PHP701.54 million in 2016 on the back of higher operating revenues. Its operating revenues rose 4 percent to PHP1.26 billion, while expenses declined 1.5 percent to PHP592.60 million. Listed-related income, which made up 44.2 percent of operating revenues, rose …

Asian stock markets gain after Wall Street hits record high

BEIJING — Asian stock markets rose Monday after Wall Street hit a new high and a meeting between President Donald Trump and Japan’s prime minister appeared to soothe tensions over trade and currency. KEEPING SCORE: The Shanghai Composite Index advanced 0.5 per cent to 3,212.94 and Tokyo’s Nikkei 225 index gained 0.4 per cent to …

Canadian market ends January slightly lower

TORONTO— Canada’s main stock market in Toronto Tuesday ended the month of January marginally lower, as losses in Industrial and Financial stocks outweighed gains in Utilities and Materials. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite inched down 19.16 points, or 0.12 percent, to end the session at 15,385.96 points. Six of the ten …

U.S. stocks decline ahead of Fed meeting

NEW YORK—U.S. stocks slid Monday as Wall Street awaited the Federal Reserve’s two-day policy meeting scheduled to begin Tuesday. The Dow fell 0.61 percent, and the S&P 500 lost 0.60 percent, while the Nasdaq decreased 0.83 percent.  

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