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Local stock index ends above 7,100 for the first time this year

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PSE index as of August 20, 2014, 3.39 PM. Screengrab from http://edge.pse.com.ph

The local stock index extended its winning streak for the fourth trading session on Friday, the last trading day of the so-called “ghost month,” closing above 7,100 for the first time this year.

Posted: August 22nd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

US stocks mostly up as Fed debate intensifies

Wall street 82014

Wall Street stocks finished mostly higher Wednesday as US Federal Reserve minutes showed rising debate over recent improvements in the jobs market.

Posted: August 21st, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Steve Ballmer steps down from Microsoft board

Microsoft Ballmer

Former Microsoft chief Steven Ballmer on Tuesday said he is stepping down as a member of the software giant’s board of directors.

Posted: August 20th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

US stocks rise on housing data, Home Depot earnings

Wall street 81914

US stocks Tuesday finished with solid gains following encouraging economic data and a solid earnings report from Home Depot.

Posted: August 20th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Finance chief open to income tax cuts

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Finance Secretary Cesar Purisima. INQUIRER FILE PHOTO

Finance department officials are open to amending the country’s current income tax structure to bring rates and brackets in line with regional norms, but support would be contingent on the passage of other measures to raise revenues.

Posted: August 20th, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories,Photos & Videos | Read More »

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