NEW YORK — U.S. stocks swung to a mixed finish on Wednesday after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they're delayed because of stubbornly high inflation. The S&P 500 fell 17.30 points, or 0.3%, to...
The Bankers Association of the Philippines (BAP) is waiting for the Philippine Stock Exchange to name a price if it wants to buy the stake of banks in the Philippine Dealing System Corporation (PDS), which owns the fixed income bourse Philippine Dealing & Exchange Corporation. BAP...
The local stock market weakened as investors took profits before trading stops for Labor Day. The main index dropped 69.15 points or 1.02 percent to close at 6,700.49 as the Property counter led the retreat across all sectors. Volume surged to 1.4 billion shares worth P20.13 billion due to a block...
The Philippine Stock Exchange, Inc. (PSE) is opening the 2024 edition of PSE STAR Investor Day with the first quarter briefing of 11 publicly listed companies slated on May 15 and 16. In a statement, the bourse said the PLCs will tackle their financial performance for the first three months...
The local stock market surged on the back of window dressing and the further easing of tension in the Middle East. The main index jumped 140.89 points or 2.13 percent to close at 6,769.64 led by the strength of Banks although Miners retreated. Volume rose to 603 million shares worth P5.32 billion...
TOKYO — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
The local stock market is seen to focus on inflation and its impact on the US and domestic interest rates while also taking note of first quarter earnings reports. “This week, macroeconomic concerns are still expected to be present, primarily with respect to the Philippines’ inflation and...
NEW YORK — The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday. The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq...
Despite the decline in US stocks, the local bourse rose further on bargain hunting amid rosy first quarter earnings reports. The main index added 53.87 points or 0.82 percent to close at 6,628.75 led by the strong jump of the Industrial sector while the Services counter was slightly lower. Volume...
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market. The S&P 500 fell...
The benchmark PSEi was almost unchanged after bargain hunters took a break while waiting for cues from economic data and more first quarter earnings reports. The main index inched up 2.13 points or 0.03 percent to close at 6,574.88 led by gains of the Mining sector while the Property and Services...
