Oil down in Asia as OPEC boosts supply
Crude prices were lower in Asian trade on Monday, after OPEC raised its oil output and maintained a flat forecast of global demand, analysts said.
Crude prices were lower in Asian trade on Monday, after OPEC raised its oil output and maintained a flat forecast of global demand, analysts said.
Sugar producer Roxas Holdings Inc. grew its net profit in the six-month period ending March by 36 percent year-on-year to P205 million on better gross profit margin, lower operating expenses and lower debt burden.
Gold prices clawed back some losses Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.
Oil was down in Asia on Wednesday as caution set into the market ahead of a US crude inventory report, analysts said.
Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10-billion-euro bailout deal, averting a collapse of the country’s banking system.
Oil prices rebounded in Asia Wednesday but analysts said sentiment remains hobbled by fears that deadlock in the Italian elections could derail the eurozone’s nascent recovery.
Oil prices recovered slightly on Friday, a day after heavy losses stoked by a rise in US stockpiles and concerns about the global economy, analysts said.
The Philippine maker of American soft drink RC Cola is making plans to debut on the local stock exchange to fund a regional expansion program.
Businessmen must realize that not every product or service is a brand. Brands differ from commodities.
Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and geopolitical concerns in Egypt and Algeria, analysts said.
Gokongwei-led Universal Robina Corp.’s net profit attributable to equity holders jumped by 66.9 percent to P7.74 billion in fiscal year that ended in September 2012.
Oil prices rose on Tuesday as the dollar weakened against the euro, boosting demand for crude as investors looked ahead to the start of the latest corporate earnings season, analysts said.
