HONG KONG, China -- Asian stocks swung through the morning session Tuesday as traders weighed the outlook for US interest rates ahead of the release of a key inflation reading. Investors are also gearing up for the corporate earnings season, with some observers warning that profit expectations,...
HONG KONG, China -- Asian stocks were largely muted on Wednesday after the release of lackluster consumer confidence data, with comments from US Federal Reserve officials and fresh economic figures due later in the day. Global equities mostly rose Tuesday, despite data showing pessimism among...
HONG KONG, China -- Hong Kong shares opened higher on Tuesday, after a cheery return for mainland Chinese stocks after the Lunar New Year, thanks to a holiday surge that pushed spending above pre-pandemic levels. The Hang Seng Index rose 0.3 percent, or 8.37 points, to 16,222.09 in early...
Hong KONG, China -- Chinese stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate cuts. Shares fell in Tokyo and Hong Kong after a larger-than-expected rise in US wholesale prices...
HONG KONG, China -- Most Asian markets rose Thursday, tracking a rebound in Europe and New York and following positive remarks from a senior Federal Reserve official that inflation was headed in the right direction. Figures on Tuesday showing the US consumer price index slowed less than expected in...
NEW YORK, United States (AFP) -- Stocks in the United States and Europe slumped on Tuesday while the dollar climbed as data showed that US inflation slowed less than expected in January, diminishing chances of an early interest rate cut. The closely watched Consumer Price Index (CPI) rose 3.1...
HONG KONG, China -- Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut. The dimming prospects of a dovish turn by the Federal Reserve also sent the dollar surging against...
HONG KONG, China -- Hong Kong shares rallied at the open Wednesday, building on the previous day's surge on optimism China will push through more measures to support shattered markets and stimulate the economy. The Hang Seng Index rose 0.90 percent, or 145.92 points, to 16,282.39. The Shanghai...
(Mark Balmores/MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee called on the Marcos administration to strictly implement existing fishery laws in an effort to increase the country’s fish stock. “While President Marcos said last year that he was not...
The local stock market dipped as investors weigh interest rates and the International Monetary Fund (IMF)’s reduced growth forecast for the Philippines a day before the release of the country’s September inflation rate. The PSEi index declined by 7.79 points or 0.12 percent to close at...
*Photo above shows Tingog Party-List Representative, Yedda Marie Romualdez; Securities and Exchange Commission (SEC) Chairman, Emilio Aquino; and Philippine* Stock Exchange (PSE) President, Ramon Monzon; who officially opened Armstrong Securities Inc. (ASI). Also in photo are (ASI) Director,...
Listed food and beverage company, RFM Corporation, disclosed that the preliminary unaudited January to March 2022 sales expanded 17-percent to P3.9B on the back of both volume and price increases in its brands and products particularly in its ice cream, milk and institutional segments. RFM CEO Jose...
