Dollar eases in Asia but expected to resume rise
The dollar eased in Asia on Monday after a Japanese minister said the recent correction against the yen was nearly over, but analysts said the greenback would soon resume its climb.
The dollar eased in Asia on Monday after a Japanese minister said the recent correction against the yen was nearly over, but analysts said the greenback would soon resume its climb.
The dollar eased in Asian trade Wednesday as dealers awaited the results of a US Federal Reserve meeting later in the day while poor eurozone data also weighed on the currency.
Two former high-ranking executives at JPMorgan Chase faced tough questions from U.S. senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of dollars.
The Philippine Stock Exchange is all set to suspend starting Jan. 2 the trading of the shares of seven listed companies that failed to comply with the 10-percent minimum public ownership requirement. Ten companies failed to comply with the minimum public float required for continuing listing, but the trading on three issues had been [...]
Local stocks are seen trading in thin volume this shortened trading week as global markets await whether the United States can strike before year’s end a budget deal that will address a looming “fiscal cliff.”
Japan’s Toyota Tsusho Corp., the trading company of the Toyota Group, has finalized its acquisition of a 25-percent stake in Sarangani Energy Corp., which is building a 210-megawatt coal facility in Sarangani province.
Cement manufacturer Lafarge Republic Inc. (LRI) went on voluntary trading suspension yesterday to curb the risk of exceeding the 40-percent maximum foreign equity limit after a share buyback program by parent Southeast Asia Cement (Seacem).
A mixed pair of economic reports kept the stock market hovering near the break-even mark Tuesday. One report on home prices looked encouraging, and another on consumer confidence was worrisome.
Oil refiner Petron Corp. is making a comeback at the country’s main stock benchmark Philippine Stock Exchange index (PSEi) effective September 10, replacing budget carrier operator Cebu Air.
The Bangko Sentral ng Pilipinas said it was closely watching trading activities in the foreign exchange market in the wake of the significant appreciation of the peso to determine whether banks were engaging in speculative activities.
Local sugar giant Victorias Milling Corp. expects to resume trading on the Philippine Stock Exchange this first semester, ending a 15-year trading freeze sanctioned by corporate regulators during the Asian currency crisis.
Oil was mixed in Asian trade Wednesday amid concerns about US energy demand and tensions between the West and major crude producer Iran, analysts said.
