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Business 10 Aug 2004 | 12:00 AM

Philippine shares close higher Tuesday

The 30-company Philippine Stock Exchange Index ended up 1.05 points, or 0.1 percent, at 1,579.26, after gaining 0.1 percent Monday.

Business 08 Aug 2004 | 12:00 AM

Stocks close at lows for year

US stock indexes closed at their lowest levels of the year on Friday after a dismal July jobs report fuelled concerns the US economic recovery could be losing steam and crude oil hit another 21-year high.

Business 06 Aug 2004 | 12:00 AM

Tokyo stocks end at two-month low on Friday

Tokyo stocks fell nearly 1 percent Friday to a two-month low over investors' concerns about higher oil prices and Wall Street's tumble overnight. The U.S. dollar was up against the Japanese yen.

Business 06 Aug 2004 | 12:00 AM

Philippine shares close lower Friday

Philippine shares closed slightly lower Friday on Wall Street's losses and concerns over the continuing rise in crude oil prices, traders said.

Business 06 Aug 2004 | 12:00 AM

AXA SA says it plans talks to take over all of its Australian offshoot

France-based financial services giant AXA SA said Friday it is planning talks that could lead to a 3.1 billion Australian dollar (US$2.17 billion) bid for the 48.3-percent stake of its Australian offshoot it doesn't already own.

Business 05 Aug 2004 | 12:00 AM

Tokyo stocks end higher Thursday, US$ down

Tokyo stocks edged up Thursday as investors hunted for bargains following losses the day before. The U.S. dollar was down against the Japanese yen.

Business 05 Aug 2004 | 12:00 AM

Philippines stocks close higher Thursday

The main Philippine stock index closed slightly higher Thursday, as bargain-hunters bought blue-chip Globe Telecom and other select stocks following recent losses, traders said.

Business 04 Aug 2004 | 12:00 AM

Asian oil stocks join global energy rally

Oil companies such as China's CNOOC Ltd and India's Oil Natural Gas Corp joined a global rally among energy shares last month and may extend the gains as concern wanes that government policies will hurt the industry.

Business 01 Aug 2004 | 12:00 AM

Wary over state of economy

US blue chips climbed for the fourth day in a row on Friday, but gains were capped by another surge in oil prices while economic reports cast doubt on the economy's strength.

Business 30 Jul 2004 | 12:00 AM

Japanese bank to enter in bank merger tug-of-war

In a potentially hostile tug-of-war among Japan's banking titans, Sumitomo Mitsui Financial Group says it will offer to merge with UFJ Holdings Inc., the latest in its efforts to block a similar bid from a rival Japanese bank.