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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 »

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  • Global Nation

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