ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Post a comment     BSP ready to act to counter downturn Bad to worse for migrant workers in Asia Laid-off workers reject offers Triumph vows to honor obligations to workers High-end spending still up China wants new global monetary system Solons caution gov’t on privatization More Stories » Business Aim to retire with no debts PLDT taps Meralco for new venture Corporate war comes to Philex RCBC bent on expansion EDC to raise P18B more April exports fall 35.2% on year Wall Street crook to earn pennies Piltel transforms into holding firm Plan your fun-spending this summer Money lessons you won't learn in class Business GMA 7 expanding overseas Thrift bank up for sale BSP wants cover for forex losses Focus backs out of Tindalo venture S&P affirms RP ratings, stable outlook QC judge told issue arrest order vs PBA cager Mobile money exchange scheme launched Robinsons mall, hotel to rise in Tacloban PLDT taps Meralco for new venture Problems in search of marketing solutions Lodestar, OVMPC sign deal BSP ready to act to counter downturn   Business Most Read RSS Instant Rewards! Buy Donaldson filters. Redeem your dream holidays, electronic gadgets etc... Tierra Maria Estates A fast-rising, fully-developed residential farming subdivision located in Brgy. Anilao, Lipa City, Batangas.

WELLINGTON, Australia -- Asian shares are likely to inch firmer as US stocks posted a late rally to end in positive territory, after computer maker Hewlett-Packard defied the economic gloom with a strong result.

HP's result offset a fall in Citi shares to a 13-year low on fears the widespread job cuts would not be enough to revive the fortunes of the US's second-largest bank.

The US dollar rose, as investors were still reluctant to buy riskier assets, despite the gains made by equities.

Commodity prices mostly dipped lower, with oil dropping to a 22-month low on recession fears.

• China wants new global monetary system
• Solons caution gov’t on privatization