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Taiwan shares up sharply Monday on easing political tensions

After sliding 10 percent last week, Taiwan's benchmark stock index Monday notched up its biggest single-day point gain in more than three and a half years as a political crisis, sparked by the island's disputed presidential election, abated.


Philippine shares decline Friday on political jitters

Philippine shares fell Friday for the fourth straight session as investors continued to lighten their holdings, spooked by the volatile political climate and a wider implementation of value added tax, traders said.


Philippine shares plunge to six-month low Monday

The Philippine key stock index fell to a six-month low Monday as investors reacted with dismay to the Supreme Court's ruling to halt implementation of a broader value added tax aimed at cutting the nation's fiscal deficit


Philippine stocks ride on technical gains Tuesday

Philippine stocks bounced back Tuesday, aided by generally positive market reaction to the appointment of a seasoned banker and lawmaker as the new finance secretary, traders said.


Philippine political crisis threatens fragile economy

A protracted political crisis and delayed fiscal reforms are casting a long shadow over the Philippine economy, already beset by a yawning budget deficit and a huge debt, with analysts predicting more gloom amid a looming credit rating downgrade.


Philippine stocks rise Tuesday

Philippine stocks rose Tuesday as investors bought up companies that announced strong first-half earnings, such as Petron Corp., the country's largest oil refiner.


Philippine stocks rise on lull in political crisis

Philippine stocks rose Wednesday as investors took advantage of an apparent lull in the ongoing political crisis.


Corruption scandal threatening Brazilian economy

An ongoing corruption scandal in Brazil is damaging South America's largest economy and derailing government efforts to put the nation on a path toward slow and sustainable growth, experts said Thursday.


Brazilian stocks roar to record

Brazilian stocks roared to their second all-time high in as many trading days, with the country's benchmark Bovespa index closing above 30,000 for the first time in history.


Asian stocks climb to 16-year high

Asian stocks climbed to 16-year highs, led by exporters including Toyota Motor Corp and LG.Philips LCD Co, after Federal Reserve officials suggested US policymakers are almost finished raising rates.