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Business

Philippine shares close lower Tuesday on security concerns

The main Philippine stock index finished lower Tuesday, spooked by security and economic concerns both in the domestic front and overseas, traders said.

Business

Philippine shares close 2.3% down Monday

Philippine shares closed sharply lower Monday, bogged down by the threat of higher U.S. interest rates and rising world crude prices, traders said.

Business

Tokyo stocks plunge Monday, US$ down against yen

Tokyo stocks sank Monday after media reported a major Japanese bank would report a large loss to cushion itself against bad loans. The dollar fell against the yen.

Business

US blue chip prices end higher

US blue chips ended slightly higher while the Nasdaq retreated on Friday, as worries about oil prices at 21-year highs and rising interest rates tempered positive earnings and economic data that underscored the economy's strength.

Business

Stocks dip as oil prices soar

Stocks fell on Friday as oil prices spiked to US$40 a barrel for the first time since 1990 and a surge in April jobs growth left investors thinking that the Federal Reserve could hike interest rates as early as June.

Business

Stocks fall on rate hike fears

Stocks sagged on Friday, pushing the technology-dominated Nasdaq to its biggest weekly drop in two years, on worries that the Federal Reserve will move closer to raising interest rates at its meeting next week.

Business

Philippine shares end down Friday on profit-taking

Philippine shares ended lower Friday, spooked by concerns about renewed terror threats, traders said.

Business

Tokyo stocks close sharply lower Friday

Tokyo's key stock index plunged more than 2 percent Friday on selloffs sparked by Wall Street's overnight losses on concerns about higher U.S. interest rates.

Business

Indonesian unit of Prudential allowed to reopen

The Indonesian unit of U.K. insurer Prudential has been allowed to resume operations while the company appeals a controversial court ruling that forced it to close earlier this week, lawyers said Friday.

Business

US firms find fortune in China but fear a slowdown

For big US blue-chip companies like General Motors Corp (GM) and Coca-Cola Co, first-quarter results have soared on sales in China.