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Shares slump anew as lira’s drop dents sentiment

THE MAIN INDEX slumped on Thursday, ending at the 7,500 level as investor confidence continued to take a hit from the plunge in Turkey’s currency.

Asian stocks recover after US-China trade talk news

Tokyo -- Asia stocks opened sharply lower on Thursday, joining a global sell-off on concerns over Turkey's financial crisis but later pared losses on...

Dennis Uy buys 45% of ISM Communications

Davao-based businessman Dennis A. Uy continues his acquisition spree with the purchase of P1.28 billion worth of shares in listed firm ISM Communications Corp. In...

PHL stocks rebound as Wall St. ends losing streak

THE LOCAL BOURSE took a breather on Wednesday, recovering after two days of dampened sentiment due to fears of a contagion amid a crisis in Turkey.

Stocks extend decline on lingering uncertainties

STOCKS posted losses on Tuesday amid continued fears of a spillover of the Turkish lira crisis.

PSEi falls as crisis in Turkey sparks contagion fears

THE LOCAL MARKET fell on Monday amid fears of a contagion due to financial volatility in Turkey as it becomes a target of a trade war initiated by the United States.

Shares may decline after inflation, GDP reports

LOCAL SHARES may trek lower in the days head as investors digest inflation and economic growth figures released last week.

Bourse wobbles in wake of economic data, hawkish policy action

THE BOURSE continued to reel from worrisome economic data that peppered this week, seesawing between muted gains and losses for much of Friday but ending relatively flat and capping recent week-on-week increases.

UnionBank to conduct P10-billion SRO next month

UNIONBANK of the Philippines will proceed with its planned stock rights offer next month, as it works to raise fresh capital to support expansion.

Asia markets sink at end of upbeat week, lira battered

Hong Kong -- Asian markets fell on Friday after a broadly positive week as traders await the latest developments in the China-US trade row,...

PSEi slips as market turns to earnings after GDP

THE MAIN INDEX dropped only slightly on Thursday as traders continued to pin their hopes on positive corporate earnings with economic growth in the second quarter slowing to a three-year low.

Global stocks mixed amid latest trade war volley

New York -- Global stocks were mixed Wednesday (US time) following the latest volley of tariffs in the escalating trade war between the United...

Shares rebound ahead of BSP policy review, GDP

POSITIVE first-half corporate results buoyed local equities on Wednesday, with some investors also optimistic about second-quarter economic growth data and the central bank’s policy meeting today.

Stocks decline further as inflation hits fresh high

LOCAL STOCKS fell on Tuesday as investors reacted negatively to data showing inflation accelerated to a fresh five-year high of 5.7% in July.

Most major Asian markets up but trade fears keep dealers at...

Hong Kong, China -- Most major Asian markets rose on Tuesday following another positive Wall Street lead, with energy firms up with oil prices...

PSE index seen to close at 8,600 level by end-2018

COL Financial Group, Inc. expects the Philippine Stock Exchange index (PSEi) to close at the 8,600 level by the end of the year, revising downward its earlier projection following higher than expected inflation figures and the continued outflow of foreign funds from the local market.

PSEi ends flat as investors await economic reports

LOCAL EQUITIES ended flat on Monday as investors took a wait-and-see approach pending the release of several key economic reports this week.

COL Financial lowers end-2018 projection for PSE index

COL Financial Group, Inc expects the Philippine Stock Exchange index (PSEi) to end at the 8,600 level by the end of the year, revising...

Asia’s new stock-market king has strong profits, BOJ support

With Japan regaining its place as the second-biggest stock market amid growing trade tensions between the world’s two largest economies, investors expect the nation’s...

Stocks to rise ahead of inflation data, BSP meet

THE MAIN INDEX is expected to continue rising in the week ahead with chances of a pullback, as investors look forward to a busy week ahead with the release of second-quarter earnings reports, July inflation data and a policy meeting by Bangko Sentral ng Pilipinas (BSP).

PSEi closes higher for a 4th straight week

THE local stock market on Friday closed on a positive note, rising for a fourth straight week.

Asian markets swing after bruising week with trade centre stage

Hong Kong, China -- Asian equities were mixed on Friday after another painful week as fears of an all-out trade war between Beijing and...

China dethroned by Japan as world’s second-biggest stock market

China just lost its ranking as the world’s number two stock market. After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data...

Stocks decline as foreign investors sell holdings

STOCKS tumbled on Thursday as foreign investors reversed their buying position, alongside the US Federal Reserve’s decision to keep rates unchanged.

Asian stocks slide as trade fears return; dollar climbs

A sell-off in Asian stocks spilled over into European equities and US futures on Thursday as the Trump administration’s latest threats to free trade...

Bourse pierces 7,800 on sustained foreign buying

SHARE prices bounced back on the first day of August after taking a breather in the wake of a five-day rally, lifted by sustained net foreign buying for the sixth straight session and peso’s appreciation against the dollar.

Asia stocks climb, Japan’s bond yields head higher

Asian equities rose and the dollar strengthened as investors sifted through the latest news on the U.S.-China trade front and positive results from Apple...

Rally loses steam on profit taking; Fed watched

SHARES snapped their five-day winning streak on Tuesday after investors resorted to profit taking ahead of the United States Federal Reserve’s meeting this week, even as those overseas remained predominantly buyers.

Stocks close lower on profit taking

Local shares snapped their five-day winning streak on Tuesday, July 31, after investors resorted to profit taking ahead of the United States’ Federal Reserve’s...

Bourse marks fifth straight session of gains

THE Philippine Stock Exchange index (PSEi) gained for the fifth consecutive session on Monday, fueled by continued foreign buying and window dressing.

The trader who made a massive short bet against Nintendo

There’s a new villain in the world of Nintendo Co. Gabriel Plotkin, head of New York hedge fund Melvin Capital Management, has accumulated a $375...

Asia stocks open lower on fears over US growth

Tokyo -- Asian markets opened lower Monday, following Wall Street's downbeat finish last week on fears that US economic growth has peaked, and with...

Local shares seen to drop ahead of ghost month

LOCAL EQUITIES may drop in the coming days following their four-day rally last week, with investors cautious on the looming Chinese ghost month.

Last-minute purchases lift stocks

STOCKS capped the week on a positive note, lifted by last-minute buying on Friday.

Foreign buying helps fuel 3rd day of gains for PSEi

THE Philippine Stock Exchange index (PSEi) surged past 7,600 on Thursday on sustained foreign buying and as investors continued to digest President Rodrigo R. Duterte’s State of the Nation Address (SONA) on Monday, particularly on his push for legislative approval of the remaining tax reform packages.

Philippines, Asia’s worst equities market, is showing signs of a comeback

Philippine stocks are heading for the sharpest monthly gain in more than two years as foreign funds start trickling back into a market that...

How Facebook’s $151 billion rout could rewrite the history books

Facebook Inc. has racked up plenty of milestones in its pioneering journey. Now the social-media giant is poised to add one it would doubtless...

Asian stocks gain on trade deal

Asian stocks climbed, tracking gains in U.S. shares, after President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting...

Foreign buying propels PSEi to highest in a month

THE MAIN INDEX climbed past 7,500 on Wednesday to finish at a peak in 28 trading sessions as foreign buying returned.

Bourse coasts with no surprises in Duterte speech

STOCKS climbed back above the 7,400 mark on Tuesday as investors digested President Rodrigo R. Duterte’s State of the Nation Address (SONA) the day before.

Investors dig in ahead of State of the Nation speech

THE MAIN INDEX slipped on Monday as investors positioned their bets ahead of President Rodrigo R. Duterte’s State of the Nation address (SONA).

Stocks flat ahead of Duterte’s SONA

Shares closed flat on Monday as investors positioned their bets ahead of President Rodrigo R. Duterte’s State of the Nation Address (SONA). The bellwether Philippine...

Shares expected to climb as focus turns to SONA

LOCAL SHARES may move up this week as investors anticipate the president’s state of the nation address (SONA) on Monday.

Investors stage last-minute bargain hunt amid thin trades ahead of SONA

THE PHILIPPINE STOCK EXCHANGE index (PSEi) edged up but stopped short of the 7,400 mark amid last-minute bargain hunting after spending much of Friday in red territory.

Asia markets rally as China’s yuan defies Trump dollar warning

Hong Kong, China — Asian markets advanced Friday, with Shanghai gaining 2% as China's weak yuan currency defied US President Donald Trump's criticism of...