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Philips reports 15.0% profit slump, flags in medical markets

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Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.

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

Asian shares mixed in holiday-thinned trade

An electronic board showing the Hong Kong share index is seen at a commercial building in Hong Kong Thursday, April 10, 2014. AP FILE PHOTO

Asian markets were mixed in Easter holiday-hit trade Monday, with Japan’s Nikkei rallying on the back of a weaker yen as data showed the country’s trade deficit quadrupled in March.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

US commerce secretary spells out economic facet of ‘pivot to Asia’

US Commerce Sec. Penny Pritzker

U.S. Secretary of Commerce Penny Pritzker April 17 laid out the commercial-economic angle of the Obama Administration’s “rebalance”—better known as “pivot”– to the Asia-Pacific region.

Posted: April 19th, 2014 in Latest Business Stories,Photos & Videos | Read More »

Asian shares mostly up in quiet trade

A man walks by an electronic stock board of a securities firm in Tokyo Thursday, Jan. 30, 2014. Asian markets slumped Thursday, extending a global rout on renewed fears about emerging economies after the US Federal Reserve pressed ahead with its stimulus reduction and Turkey and South Africa hiked interest rates.  AP

Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions.

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

Russia foray into Ukraine sinks global stocks

A view of a board listing foreign currency rates against the Russian ruble just outside an exchange office in central Moscow on March 3, 2014. Global stocks slumped and gold and oil prices soared Monday as Russia's sending of troops to Ukraine's Crimea sparked a backlash and threats of reprisal from leading Western powers.  AFP

Global stocks slumped and gold and oil prices soared Monday as Russia’s sending of troops to Ukraine’s Crimea sparked a backlash and threats of reprisal from leading Western powers.

Posted: March 4th, 2014 in Latest Business Stories | Read More »

Asian shares tumble as emerging market fears return

A man walks by an electronic stock board of a securities firm in Tokyo, Monday, Jan. 27, 2014. Asian stock markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting.  AP PHOTO/KOJI SASAHARA

Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting.

Posted: January 27th, 2014 in Latest Business Stories,Photos & Videos | Read More »

Stocks continue to rise

The local stock barometer climbed for an eighth straight session yesterday, defying mostly sluggish trading in the region, on upbeat prospects for the Philippine economy and corporate earnings.

Posted: January 24th, 2014 in Editor's Pick,Headlines | Read More »

Global tech spending seen slipping 1 pct in 2014

FILE PHOTO

The Consumer Electronics Association estimates that global spending on technology will slip 1 percent this year to $1.06 trillion as the lower average selling price of smartphones and tablets offsets unit growth in markets like China.

Posted: January 6th, 2014 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 »

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 »

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 »

Asian shares mostly higher on Wall Street lead

Screengrab from Google Finance

Asian markets mostly edged higher on Monday, taking a cue from a Wall Street rally fuelled by upbeat US and Chinese manufacturing data as well as strong US auto sales.

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

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