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Local share prices close higher

Most local stocks on Wednesday resumed their upswing, bringing the main index back to the 6,400 level, on firmer regional markets and a good stream of local corporate earnings.

Posted: March 6th, 2014 in Editor's Pick,Headlines | Read More »

Century Pacific all set for IPO


Century Pacific Food Inc. is planning an initial public offering worth as much as P3.3 billion this year.

Posted: February 12th, 2014 in Headlines | Read More »

Twitter tumbles after warning on overvaluation


Twitter shares tumbled Friday after a brokerage analyst warned the popular messaging network was overvalued following a meteoric rise since its initial public offering in November.

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

Share prices slightly up

The traditional yearend window-dressing enabled the local stock index to inch higher for a third straight session.

Posted: December 26th, 2013 in Headlines | Read More »

Shares in Spain’s Repsol soar on news of YPF deal

A man sits on the steps of the stock exchange to make a phone call after trading finished for the day in Madrid. AP FILE PHOTO

Shares in Spanish oil company Repsol are soaring following news it has struck a preliminary deal to receive compensation from Argentina for last year’s expropriation of its YPF unit.

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

Asian shares mixed after positive US, China data

A man walks past and electronic stock board of a securities firm showing Japan's benchmark Nikkei 225, top center, that gained 183.04 points, or 1.30 percent, and closed at 14,269.84 in Tokyo, Monday, Nov. 11, 2013. Asian stock markets made a lackluster start to the week after unexpectedly strong US economic growth and hiring reinforced expectations that the Federal Reserve will start cutting back stimulus soon. Stocks in Manila sank after a typhoon devastated the eastern Philippines, killing thousands of people.  AP PHOTO/SHIZUO KAMBAYASHI

Asian shares were mixed Monday following positive economic data from the United States and China, with investors awaiting the outcome of a Beijing meeting debating major economic reforms.

Posted: November 11th, 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 »

Robinsons Retail IPO expected to raise P28 B


Robinsons Retail Holdings Inc. has priced its initial public offering at P58 per share, which translates to a potential of $650 or P28.11 billion in fresh funds to put up new stores and refurbish old ones.

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

Asian shares mixed ahead of US jobs data

A woman walks past a screen showing the world stock index at Hong Kong Stock Exchange in Hong Kong. AP FILE PHOTO

Asian markets were mixed in cautious trading on Tuesday as investors awaited the release of delayed US September jobs data later in the day.

Posted: October 22nd, 2013 in Latest Business Stories | Read More »

San Miguel streamlines structure, to mete out shares in Top Frontier

SMC president Ramon S. Ang: Confirmation.  AP FILE PHOTO

Conglomerate San Miguel Corp. is set to distribute shares in its controlling shareholder Top Frontier Investment Holdings Inc. as a prelude to the latter’s listing on the local stock exchange by way of introduction.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

Berjaya local unit buys controlling stake of car distributor H.R. Owen PLC


The local unit of Malaysian conglomerate Berjaya has acquired a controlling stake in the UK-listed luxury car distributor H.R. Owen PLC after an improved public offer to all shareholders.

Posted: October 14th, 2013 in Latest Business Stories | Read More »

Philex preps P13.8B stock rights offer

ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

Philex Mining Corp. is offering P13.8 billion worth of shares in a stock rights offering to fund mining projects and pay loans.

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



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