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Peso weakness drags down stocks anew

The stock market retreated anew yesterday as the peso tumbled against the dollar ahead of a US Federal meeting......»»

Category: financeSource: philstar philstarJun 13th, 2018

Local stocks slump on peso weakness

The peso's depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve's monetary policy-setting dragged the local stock barometer down to the 7,600.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Stocks decline as inflation worries keep investors cautious

Shares fell anew on Tuesday, May, 29, as investors remained cautious against inflationary pressures and the weakening peso given the lack of positive leads. The post Stocks decline as inflation worries keep investors cautious appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Front Page: Trump's shock victory adds to risk

REPUBLICAN Donald J. Trump's shock victory in the US presidential election has cast a cloud of uncertainty anew over the Philippine economy, as signaled by the stock market's biggest one-day loss since late January and the peso's renewed weakness followin.....»»

Category: financeSource:  bworldonlineRelated NewsNov 9th, 2016

Stocks nosedive, peso slightly up

Share prices continued to nosedive yesterday on escalating tension between the US and China and uncertainty ahead of the Bangko Sentral ng Pilipinas Monetary Board meeting, analysts said......»»

Category: financeSource:  philstarRelated News6 hr. 53 min. ago

BSP seen raising rates anew

The Bangko Sentral ng Pilipinas needs to jack up benchmark rates amid concerns of overheating due to the weak peso as well as rising inflation, the DBS Bank of Singapore said in a report......»»

Category: financeSource:  philstarRelated News6 hr. 53 min. ago

Stocks slump to 14-month low

A weakening peso and escalating US-China tension yesterday caused a bloodbath at the local stock market as trading resumed after a long weekend break, dragging the local stock barometer closer to b.....»»

Category: newsSource:  philippinetimesRelated News7 hr. 39 min. ago

Peso, stocks fall to new lows

Renewed fears of a possible trade war between the US and China again took its toll on the local financial market as foreign exchange and stock trading succumbed to new lows yesterday......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2018

PSEi down anew after Fed rate hike

THE stock market fell by nearly one percent on Thursday as investors reacted to a fresh US interest rate hike and a further weakening of the peso. The benchmark Philippine Stock Exchange index (PSEi) lost 73.44 points or 0.97 percent to close at 7,529.54 while the broader All Shares slipped 0.78 percent or 36.17 points to end [...] The post PSEi down anew after Fed rate hike appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 14th, 2018

P53-to-the-USD Barrier Breached, Stocks Dip

The Philippine peso slipped even lower, breaching the 53-to-the-greenback psychological barrier, while local stocks tumbled to the 7,600-mark on Wednesday. The local currency closed the day at 53.23 from the previous session’s finish of 52.95, thus weakening to an almost 12-year low since 2006. It opened the day at 53 and its intra-day low reached […].....»»

Category: newsSource:  metrocebuRelated NewsJun 14th, 2018

Duterte defends Calida anew over government deals

President Duterte defended anew Solicitor General Jose Calida, who has received flak over the multimillion-peso government contracts bagged by a security agency owned by his family......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2018

Peso weakens vs dollar amid rising geopolitical tensions in Europe

The peso weakened against the dollar on Tuesday, May 29, anew as geopolitical uncertainties in Europe rose. The local currency ended Tuesday’s session at P52.64 versus the greenback, down by 15 centavos from the P52.49-per-dollar finish the previous day. The peso traded weaker the whole day, opening the session declining at P52.55 against the dollar. […] The post Peso weakens vs dollar amid rising geopolitical tensions in Europe appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Gas, diesel prices up anew

Another round of price hikes on fuel products will greet motorists today as a result of the continued peso depreciation against the dollar......»»

Category: newsSource:  philstarRelated NewsMay 28th, 2018

Rondina, Pons rule the sands anew

Petron XCS dug deep into its well of experience as it clobbered Sta. Lucia Realty A, 21-8, 21-11, to clinch the the Philippine Superliga (PSL) Beach Volleyball Challenge Cup title Sunday at the Sands By the Bay in Mall of Asia. Sisi Rondina and Bernadeth Pons displayed their deadly form early on to frustrate Jackie Estoquia and DM Demontano en route to defending their crown. Earlier, Generika-Ayala A crushed F2 Logistics 21-7, 21-14, to clinch the bronze medal of this battle. Also emerging victorious was Lemuel Arbastro and Kris Roy Guzman of Foton, who shocked erstwhile-undefeated Bryan Bagunas and James Natividad of SM By the Bay, 21-15, 21-15, to bag the gold medal in the men’s division. It was a sweet revenge for the nephew and uncle duo from University of Santo Tomas, which lost to Bagunas and Natividad of National University in the UAAP Season 80 men’s beach volleyball tournament. "It’s a big deal for me and KR after they defeated us in the UAAP,” said Arbasto. “When we heard that they will be competing, we were motivated to meet them again in the finals and, this time, to win against them.”  "In our first meeting (during the preliminary round), they defeated us in straight sets, that’s why my uncle, KR, told me that we should adjust and target their weakness, which was long balls and smart hits at the back,” added Arbasto. Philip Bagalay and Gregory Utupo of Smart, meanwhile, grabbed the bronze medal in men’s play following a 21-16, 22-20 win over Jessie Lopez and Mike Abria of Cignal. But all eyes were on the tandem of Rondina and Pons. After blowing hot and cold in their first couple of matches, the prized pair showed up with fire in its eyes as it shattered the match wide open after turning a slim 6-5 advantage into a 20-8 lead in the first set. The Lady Realtors tried to pump life into their golden hopes as they opened the second set trailing by a slim margin, 10-13, but they committed three consecutive errors while Rondina and Pons stepped on the gas to capture the championship point, 20-11. “We had a hard time because all the opponents were very competitive,” said Pons, adding that they were at their best from start to finish despite very limited time to train due to their respective UAAP commitments. “We just simply wanted to win. We wanted to beat all of our opponents and this is the result.” A down the line attack by Rondina formally gave the Blaze Spikers their back-to-back beach volleyball title. “We’re glad to survive another tough tourney,” said Rondina. “I want to say thank you to (Pons). At least our connection is still there.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 27th, 2018

Govt to borrow anew from small investors

The government is looking to raise money from small investors anew via a retail treasury bond (RTB) offering starting next week. “Please be advised that the Republic of the Philippines through the Bureau of the Treasury will issue peso-denominated three-year fixed rate retail treasury bonds in a minimum aggregate nominal principal amount of P30,000,000,000.00,” the [...] The post Govt to borrow anew from small investors appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

Bourse rebounds, gains 1.22%

  The local stock barometer yesterday rebounded on selective buying of large-cap stocks by domestic investors. The main-share Philippine Stock Exchange index (PSEi) recouped 92.06 points or 1.22 percent to close at 7,652.53. The rebound was led by the financial counter, which gained 2.28 percent ahead of another 1-percentage point cut in the reserve requirement by the Bangko Sentral ng Pilipinas to 18 percent which would take effect on June 1. "The market had partly anticipated the cut and timing. And this is likely to partly explain the peso's recent underperformance," ING Philippines economist Joey Cuyegkeng said. "In the meantime, peso liquidity in the system w...Keep on reading: Bourse rebounds, gains 1.22%.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Peso weakens further; falls to P52.55 per dollar

THE peso weakened to a near 12-year low anew on Thursday, which an analyst said could be partly attributed to a central bank decision to cut bank reserve requirements. The currency closed 8 centavos down at P52.55 to the dollar, its lowest since a P52.74:$1 finish on July 19, 2006. ING Bank Manila senior economist [...] The post Peso weakens further; falls to P52.55 per dollar appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 24th, 2018

Peso plunges to new low ahead of ‘likely hawkish’ Fed minutes

The peso plunged against the dollar anew on Wednesday, May 23, on the back of President Donald J. Trump’s statement on the trade talks between the United States and China. The local currency closed at P52.47 versus the greenback, 19.5 centavos weaker than the P52.195-per-dollar finish on Tuesday. This was again the peso’s weakest finish […] The post Peso plunges to new low ahead of ‘likely hawkish’ Fed minutes appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 23rd, 2018

Stocks stumble as market remains sluggish

Share prices were down anew yesterday, bucking the general uptrend in global stocks due to the negative market sentiment in the country......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2018

Stocks retreat on thin trades, market awaits economic data

The stock market slipped anew yesterday, closing 22.30 points, or 0.29 percent, to settle at 7,555.27 as investors opted to stay on the sidelines while waiting for fresh economic data......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the country’s wider trade deficit. The local currency closed the session at P52.015, 16.5 centavos weaker than the P51.85-per-greenback finish on Tuesday. The peso traded weaker the whole day, opening the peso […] The post Peso tracks weakness of other currencies’ vs dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018