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Oil prices slip on increased supply, strong dollar

oil-prices

Crude prices slipped Monday to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report, as analysts warned of further losses.

Posted: October 6th, 2014 in Latest Business Stories | Read More »

Dollar pushes towards 110 yen in Asia

AP FILE PHOTO

The dollar rose Monday after data showed the US economy grew more than first thought in April-June, while it hit a six-month high against the Hong Kong dollar after weekend unrest in the southern Chinese city.

Posted: September 29th, 2014 in Latest Business Stories | Read More »

Peso slightly recovers from 7-day slump, now at P44.46 to $1

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AFP FILE PHOTO

The Philippine peso ended, on Wednesday, a seven-day decline, gaining six centavos against the US dollar to close at P44.46:$1 from P44.52:$1 last Tuesday.

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

PH peso weakens to P44.47 against US dollar

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INQUIRER.net FILE PHOTO

The Philippine peso on Monday further weakened against the US dollar for the sixth-straight trading day, shedding five centavos to close at P44.47:$1 from P44.42:$1 last Thursday.

Posted: September 22nd, 2014 in Latest Business Stories | Read More »

PH seen weathering hike in US interest rates

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AFP FILE PHOTO

The Philippines could weather any potential interest rate shock if ever US rates go up sharply, according to debt watcher Fitch Ratings.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

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