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Peso rises on news of US budget deal

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AFP FILE PHOTO

The peso strengthened by 19 centavos on the first trading day of the year as the market cheered an agreement among American lawmakers that would prevent a fall of the US economy from the so-called “fiscal cliff.”

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

Markets seen to turn volatile

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BSP governor and AMLC chairman Amando Tetangco Jr.: Further strengthening of AMLA. FILE PHOTO

Domestic financial markets are expected to be volatile in the coming days as investors become more anxious over the US “fiscal cliff,” said Amando Tetangco Jr., Bangko Sentral ng Pilipinas governor.   But the BSP chief stressed that the volatility would be short-lived, and financial markets in the Philippines would eventually focus on the country’s [...]

Posted: December 30th, 2012 in Editor's Pick,Headlines | Read More »

Asian markets mostly higher on US fiscal hopes

Men look at the electronic stock board of a securities firm in Tokyo on Tuesday, Dec. 18, 2012. Asian stock markets were mostly higher Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.  AP PHOTO/ITSUO INOUYE

Asian markets mostly rose Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.

Posted: December 18th, 2012 in Latest Business Stories | Read More »

Peso slightly up as investors watch US budget issues, China’s manufacturing

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Lower food and fuel costs offset the effects of a weaker peso on imported goods, Bangko Sentral ng Pilipinas says.

The peso moved sideways as investors weighed reports about a pickup in manufacturing in China and lingering concerns about budget problems of the US government.

Posted: December 3rd, 2012 in Latest Business Stories | Read More »

Peso falls amid fears of US fiscal crisis, world oil price hikes

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AFP FILE PHOTO

The peso fell anew on Thursday amid concerns over the US “fiscal cliff” and the increase in oil prices in the world market.

Posted: November 15th, 2012 in Latest Business Stories | Read More »

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