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US stocks gain despite weak IBM earnings

US stocks rose Monday, Oct. 20, 2014, shaking off weak IBM earnings and extending the rally that began late last week.  AP PHOTO/RICHARD DREW

US stocks rose Monday, shaking off weak IBM earnings and extending the rally that began late last week.

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

Asia shares surge after Wall St. rally

People are reflected on the electronic board of a securities firm in Tokyo on Monday, Oct. 20, 2014. Asian stock markets rose Monday, led by an almost 4 percent surge in Japan, as nerves about the outlook for the world economy steadied after big gains on Wall Street.  AP PHOTO/KOJI SASAHARA

Asian markets rallied Monday following a rise in New York at the end of last week, with Tokyo surging almost four percent thanks also to a weaker yen.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Union Bank gets BSP nod to triple capital

By
unionbank

Union Bank of the Philippines has obtained approval from the Bangko Sentral ng Pilipinas (BSP) to triple its authorized capital to P23.1 billion in line with the bank’s goal to become one of the country’s top three banks by 2020.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Tan consolidates hold on PAL

By
Lucio Tan.  INQUIRER FILE PHOTO

Businessman Lucio Tan is offering to buy out the interests of minority shareholders in flag carrier Philippine Airlines and its listed holding firm PAL Holdings Inc.

Posted: October 18th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Share prices down

A Filipino trader blows a horn during the last day of trading this year at the Philippine Stock Exchange in the financial district of Makati, south of Manila, Philippines on Friday Dec. 28, 2012. The Philippine Stock Exchange index was up 0.31% or 17.84 points to close at 5,812.73. (AP Photo/Aaron Favila)

Philippine stocks sank on Friday as investors stayed on the sidelines, amid risk-averse sentiments overseas.

Posted: October 18th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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