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Asian shares extend losses, China data disappoints

Currency traders gesture in front of screens showing the Korea Composite Stock Price Index, left, and foreign exchange rate at the Korea Exchange Bank headquarters in Seoul, South Korea, Monday, Feb. 3, 2014. Asian stocks fell Monday after Wall Street lost ground amid lingering jitters about weakness in the financial markets of some developing countries.  AP PHOTO/AHN YOUNG-JOON

Asian markets sank further in holiday-thinned trade on Monday, following another global sell-off caused by anxieties over emerging markets and further disappointing manufacturing data out of China.

Posted: February 3rd, 2014 in Latest Business Stories | Read More »

US stocks close for Christmas at record highs

Traders surround the post of specialist Charles Boedinghaus, left center, on the floor of the New York Stock Exchange Wednesday, Dec. 18, 2013. AP FILE PHOTO

US stocks continued their record-breaking run Tuesday, closing before a Christmas break at a new all-time high following solid reports on durable goods and new home sales.

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

Asia markets closed

An investor looks at the stock price monitor at a private securities company Thursday, Dec. 19, 2013, in Shanghai, China. AP FILE PHOTO

Financial markets in Hong Kong, the Philippines, Malaysia, Indonesia, Singapore, Australia, New Zealand, South Korea and India are closed on Wednesday for a public holiday.

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

‘Floating’ VAT for basic goods

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shopping

Saying the government shouldn’t profit from the people’s misery, Sen. Alan Peter Cayetano has called for “floating rates” in the collection of the value added tax (VAT) to control skyrocketing prices whenever the costs of basic commodities go up.

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

Philippines markets closed

AFP FILE PHOTO

HONG KONG – Financial markets in the Philippines are closed on Tuesday for a public holiday.

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

Philippines markets closed for holiday

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Financial markets in the Philippines will be closed on Monday for a public holiday.

Posted: May 13th, 2013 in Latest Business Stories | Read More »

Philippines market closed

While inclement weather continued to sideline Philippine markets, Asian emerging markets are likewise battling a “storm” arising from a capital flight to developed markets in anticipation of the US Federal Reserve’s tapering of its easy money policy. INQUIRER FILE PHOTO

Financial markets in the Philippines will be closed on Thursday for a public holiday.

Posted: March 28th, 2013 in Latest Business Stories | Read More »

Most stock markets closed in Asia for holidays

An investor looks at the stock price monitor at a private securities company Wednesday, Feb. 6, 2013, in Shanghai, China. AP FILE PHOTO

Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday for the Lunar New Year holiday. Japanese markets were also shut for a public holiday.

Posted: February 11th, 2013 in Latest Business Stories | Read More »

‘Cyber Monday’ shoppers spent record $1.46 billion

An office worker looks at Cyber Monday specials on the Costo website. AFP/STAN HONDA

Online sales for “Cyber Monday,” the traditional debut for US holiday Web shopping, jumped to $1.465 billion this year, a research firm said Wednesday.

Posted: November 29th, 2012 in Latest Business Stories,Photos & Videos | Read More »

US breaks $1bn in online Black Friday sales for first time

Shoppers pack into the Manhattan Mall during the Black Friday sales on November 23, 2012 in New York City. AFP

US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day, analysts and retailers said.

Posted: November 26th, 2012 in Latest Business Stories | Read More »

Pay right holiday pay, employers told

Labor Secretary Rosalinda Baldoz: Pay before Dec. 24. INQUIRER FILE PHOTO

Labor Secretary Rosalinda Baldoz on Thursday reminded employers to strictly adhere to holiday pay rules and core labor standards for their workers for Eid al-Adha on October 26, the All Saints’ weekend on November 1 and 2, and Bonifacio Day on November 30.

Posted: October 19th, 2012 in Latest Business Stories | Read More »

Philippine financial markets closed for holiday

philippine-stocks-exchange

Philippine financial markets are closed on Tuesday for a public holiday. Trading will resume on Wednesday.

Posted: June 12th, 2012 in Latest Business Stories | Read More »

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