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Business

Philippine shares end higher Thursday

Philippine shares closed higher Thursday, as bargain hunters continued to accumulate select stocks following recent losses, traders said.

Business

South Korea finance officials huddle after impeachment

The government's top finance officials huddled Saturday to assess fallout from an unprecedented presidential impeachment and pledged to keep economic policy on track, possibly by seeking help from pension funds and institutional investors to stabilise the market.

Business

Tokyo stocks end higher Tuesday US$ down against yen

Tokyo stocks closed higher Tuesday on late afternoon bargain hunting. The U.S. dollar was down against the Japanese yen.

Business

Tech stocks fall after jobs data

Technology stocks edged down on Friday, while blue chips ended near unchanged, as investors weighed concerns about the health of the job market with hopes for a longer period of low interest rates after February's surprisingly weak employment report.

Business

Blue chip stocks end flat

US blue-chip stocks ended close to unchanged on Friday as investors took in mildly encouraging economic reports.

Business

Stocks dip as investors retrench

Wall Street shares got little traction over the past week, with investors appearing to retrench after an 11-month rally amid concerns about the sustainability of the US economic recovery.

Business

Japan and Iran sign major oil deal

Japan and Iran have signed a basic agreement for a Japanese consortium to develop a major oil field in southwestern Iran, the Foreign Ministry said Thursday.

Business

US stocks mixed on disappointing construction report

A drop in housing starts and a rally in the U.S. dollar on currency markets sent stocks lower Wednesday as the news gave investors an incentive to collect profits.

Business

US market remains bullish

With help from Fed chief Alan Greenspan, Wall Street's blue chips managed to eke out modest gains over the past week, with analysts saying the bull market remains intact even after 11 months.

Business

Last-minute buying of heavyweight stocks lifts CI

LAST-minute buying of heavyweight counters helped drive the KLSE Composite Index (CI) 7.4 points or nearly 1% higher to close at 825 yesterday.