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Dollar up in Asia on US jobs data, Ukraine deal

AFP FILE PHOTO

The dollar rose in quiet Asian trade Friday, winning support from positive US jobs data and a deal between Russia and the West aimed at easing tensions in Ukraine.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Forex reserves dip slightly to $78.8B

The country’s foreign exchange reserves remained at comfortable levels despite a slight dip in the month of March as a result of government withdrawals for debt payments and revaluation adjustments of gold and other currency holdings.

Posted: April 8th, 2014 in Headlines | Read More »

Hong Kong probes alleged forex rigging

A man and a woman walk past high rise buildings in Hong Kong on April 1, 2014. The Asian Development Bank said on April 1 growth in developing Asia will edge higher over the next two years, but faces being constrained by China's campaign to cool its economy. AFP

Hong Kong’s de facto central bank on Tuesday said it was investigating numerous banks for alleged foreign exchange market manipulation, the latest in a series of international probes.

Posted: April 1st, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

JG Summit net profit fell 25% to P10.1B in 2013

By
Lance Gokongwei, president of JG Summit. AFP FILE PHOTO

The Gokongwei group-led conglomerate JG Summit Holdings Inc. posted a 25.5-percent decline in net profits in 2013 to P10.1 billion due to foreign exchange losses and a big decline in treasury earnings arising from volatile financial markets.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

Asian shares tick up after sell-off

A man walks past a world stock price chart on a street in Tokyo, Monday, March 10, 2014. Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth. Shares in Malaysia Airlines tumbled on news of the weekend disappearance of one its jets enroute to Beijing. AP

Asia’s markets mostly rose on Tuesday following big losses in the previous session while investors track a Bank of Japan meeting to see if it will announce any fresh economy-boosting measures.

Posted: March 11th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Dollar edges up in Asia after New York sell-off

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar edged up against the yen in Asia on Friday after plunging on weak Chinese data which sparked worries over emerging markets.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Asian markets mixed, dollar rises to five-year high

A man looks at an electronic stock board of a securities firm in Tokyo, Tuesday, Dec. 17, 2013. Most Asian stock markets edged up Tuesday, with some indexes regaining slight losses after opening in directionless trading ahead of the US Federal Reserve meeting.  AP PHOTO/KOJI SASAHARA

Asian shares were mixed Thursday with Tokyo extending its gains following a record close on Wall Street in pre-holiday trade, while the dollar rose to a five-year high against the yen.

Posted: December 26th, 2013 in Latest Business Stories | Read More »

Dollar higher in Asia

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar traded higher against major currencies in Asia on Wednesday following another batch of solid US economic data.

Posted: December 25th, 2013 in Latest Business Stories | Read More »

GIR to reach record high in 2014

By
The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The country’s dollar reserves are expected to hit a fresh record high next year despite the expectation of the flight of foreign capital from emerging markets like the Philippines, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: December 24th, 2013 in Editor's Pick,Headlines | Read More »

Dollar drops on profit-taking

AFP FILE PHOTO

The dollar Monday fell against most major currencies as investors took profits following last week’s announcement that the US Federal Reserve will soon scale back monetary stimulus.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Dollar slips in Asia ahead of US jobs data

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar eased in Asia Thursday ahead of key US jobs data seen as crucial for the timing of the Federal Reserve’s stimulus pullback, while the euro treaded water as European central bankers meet later in the day.

Posted: December 5th, 2013 in Latest Business Stories | Read More »

Dollar slips in Asia ahead of key data

US Currency. AP FILE PHOTO

The dollar weakened in Asia Wednesday as investors look to key US data that will supply the latest clues as to when the Federal Reserve may start a draw down on its stimulus.

Posted: December 4th, 2013 in Latest Business Stories | Read More »

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