Stock Markets

Peso, PSEi down ahead of BSP, Fed meetings

MANILA – – Risk-off sentiment ahead of the respective policy meetings of the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve this week weakened the Philippine peso and local equities market on Tuesday. The local currency  ended the day’s trade at 50.51 from 50.36 a day ago, which was buoyed by Fitch Ratings’ upgrade …

Del Monte posts USD2.8-M net loss

MANILA — Food and beverage conglomerate Del Monte Pacific Limited (DMPL) booked a net loss of USD2.8 million in the second quarter ending October 2017, reversing its USD20 million profit last year, as it rationalized plants and invested in brand building. DMPL, listed in both the Singapore and Philippine stock exchanges, said it incurred USD23.6-million …

Global stocks mixed after tech recovery, China data

SEOUL, Korea, Republic Of — Global stocks were mixed on Friday after a technology stocks recovered from heavy selling the day before. An agreement among key crude exporting countries to extend oil production cuts boosted sentiment but weak China factory data tempered appetite for risk. KEEPING SCORE: Europe opened weaker with Britain’s FTSE 100 dipping …

Global shares advance, shrugging off North Korean missile

TOKYO — Global share benchmarks advanced Wednesday following a broad rally on Wall Street that lifted U.S. stocks to a milestone-shattering finish. Investors appeared to shrug off the latest launch of a ballistic missile by North Korea. KEEPING SCORE: Germany’s DAX gained 0.7 per cent to 13,152.52 and the CAC 40 of France was up …

Asian shares gain, shrugging off North Korean missile launch

TOKYO — Shares are mostly higher in Asia following a broad rally that lifted U.S. stocks to a milestone-shattering finish. Investors appeared to shrug off the latest launch of a ballistic missile by North Korea. KEEPING SCORE: Japan’s Nikkei 225 index gained 0.4 per cent to 22,572.11, while South Korea’s Kospi was almost unchanged at …

Peso, share prices start week with gains

MANILA – – Both the Philippine peso and the Philippine Stock Exchange index (PSEi)  displayed a stiff stance on Monday. The local currency finished the week’s first trading day up by 16 centavos to 50.79  against the US dollar from 50.95 close Friday last week. This improvement did not show when the currency trading opened …

Asian shares advance as Wall Street regains ground

TOKYO — Asian shares edged mostly higher Tuesday after Wall Street regained lost ground overnight amid subdued trading ahead of the Thanksgiving holiday. KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 1 per cent to 22,488.38 in morning trading, while the Kospi in South Korea added 0.1 per cent to 2,530.64. Hong Kong’s Hang Seng rose …

PSEi finishes week up; peso stays flat vs. USD

MANILA – – The Philippine Stock Exchange index (PSEi) gained Friday while the peso finished the week little changed against the US dollar as investors await report on US’ third quarter growth later in the day. The main stocks index rose 0.34 percent, or 28.03 points, to 8,295.95 points. All Shares followed with a 0.25 …

Asian stock markets slightly higher after Wall Street loss

BEIJING — Asian stock markets edged up Tuesday after Wall Street slid overnight as investors looked for new drivers for trading activity. KEEPING SCORE: Tokyo’s Nikkei 225 index rose 12 points, or 0.05 per cent, to 21,708.89 and the Shanghai Composite Index added 2.5 points to 3,383.24. Hong Kong’s Hang Seng added 9 points to …

PSEi down on profit-taking, PHP follows

MANILA — Profit-taking resulted in the drop of the Philippine Stock Exchange index (PSEi) Monday and this also affected the local currency. The main stocks gauge finished the day with a decline of 0.86 percent, or 72.63 points, to 8,348.32 points. A trader expects the PSEi to post sideline movements this week ahead of the earnings report …

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