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PSEi slumps to 6,946.06 due to weak Wall Street trading

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After outperforming all expectations this year, the law of gravity has finally caught up with high-flying local equities. AFP FILE PHOTO

The local stock barometer slumped for the third straight session on Tuesday as weak sentiment in Wall Street triggered more sell-down of local stocks.

Posted: October 14th, 2014 in Latest Business Stories | Read More »

Asian markets sink further on global economy fears

A man walks by an electronic stock board of a securities firm in Tokyo on Oct. 10, 2014. Most Asian markets came under fresh selling pressure Monday, Oct. 13, while the dollar dipped and oil hit multi-year lows, following another round of losses on Wall Street fueled by global growth concerns.  AP PHOTO/KOJI SASAHARA

Most Asian markets came under fresh selling pressure Monday, while the dollar dipped and oil hit multi-year lows, following another round of losses on Wall Street fueled by global growth concerns.

Posted: October 13th, 2014 in Latest Business Stories | Read More »

PSEi slips below 7,000 as markets grapple with global growth woes

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The local stock barometer slumped below the 7,000 mark on Monday as global growth woes dampened risk appetite across global markets.

Posted: October 13th, 2014 in Latest Business Stories | Read More »

PH stocks gain on Fed prospects

The local stock index firmed up Thursday above the 7,200 level as investors took heart from a rally on Wall Street which was, in turn, spurred by prospects of a “dovish” US Federal Reserve.

Posted: October 10th, 2014 in Editor's Pick,Headlines | Read More »

US stocks jump after Fed minutes; Nasdaq +1.9%

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Wall Street stocks finished with large gains Wednesday after traders viewed new Federal Reserve meeting minutes as a sign the US central bank will remain dovish on monetary policy.

Posted: October 9th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

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