NEW YORK - U.S. stocks fell for a second straight session on Tuesday as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth stoked the market’s anxiety. Read the rest of this entry »
HONG KONG - Asian shares closed mostly down Monday on deepening concern about slowing economic growth, with the Chinese stock market plunging more than five percent. Read the rest of this entry »
Given the steady demand for labor especially in the Middle East, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said he expected remittances from overseas Filipino workers (OFWs) to grow more than originally projected this year. Read the rest of this entry »
CARACAS - Venezuela will seize plants owned by Mexico’s Cemex after failing to reach a deal in cement nationalization talks, a show of strength by President Hugo Chavez in a drive to control the OPEC nation’s key industries. Read the rest of this entry »
NEW YORK - Bolstered by falling oil prices and a rising dollar, US stocks could extend their modest gains next week, even in the face of still troubling consumer- and housing-related data. Read the rest of this entry »
The Philippines’ gross international reserves rose to $36.9 billion in July from $36.7 billion in June, the central bank said on Thursday. Read the rest of this entry »
The Philippine central bank said on Tuesday its monetary policy would remain tight after annual inflation in July hit a near 17-year high of 12.2 percent, topping the monetary authority’s forecast range. Read the rest of this entry »
Outstanding loans of Philippine banks in May climbed 15.4 percent from a year earlier, central bank data showed on Thursday. Read the rest of this entry »
NEW YORK - Stocks fell on Thursday, led by Exxon Mobil after its earnings fell short of Wall Street’s expectations and as disappointing economic data revived fears of a U.S. recession. Read the rest of this entry »
WASHINGTON - A boom in exports and tax rebates to tens of millions of Americans helped bolster US economic growth to an annualized 1.9 percent during the second quarter, a government report showed Thursday. Read the rest of this entry »
