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S&P 500 edges to record on Allergan, Baker Hughes deals

Specialist Michael O'Mara looks at the board at his post on the trading floor of the New York Stock Exchange Monday, Nov. 17, 2014. Allergan has reached a friendly deal to be acquired by Actavis PLC in a deal valued at $66 billion, while Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.  AP PHOTO/RICHARD DREW

Huge takeovers in the oil and pharmaceutical sectors helped lift the S&P 500 to a record Monday, while the Dow fell shy of a new mark.

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

PH economy seen to survive DAP row

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AP FILE PHOTO

President Aquino’s reform agenda is expected to survive the current controversy over its budget savings-funded stimulus package, with the recent court decision declaring it illegal seen more as a speed bump than a brick wall.

Posted: July 15th, 2014 in Editor's Pick,Headlines | Read More »

How can I benefit from credit upgrade?

By
pse

Q: The stock market went up last week because of the credit rating upgrade by S&P for the Philippines. I am curious about how this credit rating will exactly affect our economy and the stock market in general. Can you explain?—Marjeline Lao by e-mail

Posted: May 14th, 2014 in Columnists,Inquirer Columns | Read More »

PH credit rating upgraded

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The Philippines has obtained its highest credit rating in history (BBB classification from S&P) in recognition of the reforms undertaken by the Aquino administration which have allowed the country to outperform its Southeast Asian neighbors in terms of economic growth.

The Philippines has obtained its highest credit rating in history in recognition of the reforms undertaken by the Aquino administration which have allowed the country to outperform its Southeast Asian neighbors in terms of economic growth.

Posted: May 9th, 2014 in Latest Business Stories | Read More »

PH banks not ready for Asean integration

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Standard & Poor's Ratings Services upgraded its outlook Monday, June 10, 2013, for the US government's long-term debt but affirmed its credit rating for the country at AA+.  AP PHOTO/HENNY RAY ABRAMS

Standard & Poor’s said it believed that banks in the Philippines were not yet prepared for the tougher competition that would result from the integration of Southeast Asian economies.

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

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  • Senate bill makes headway to help Filipinos with rare diseases
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  • Website promoting illicit affairs launched in PH
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  • DOJ asked to probe phone, Internet use at penitentiary
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  • Editorial Cartooon, November 29, 2014
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  • Ting Paterno, economist
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