PH shares rally in morning trade on investor optimism

PH shares rally in morning trade on investor optimism.....»»

Category: newsSource: manilatimes_net manilatimes_netSep 14th, 2017

Stocks down on renewed trade worries

Stocks fell for the sixth consecutive session on Wednesday, May 23, amid renewed geopolitical woes due to United States President Donald J. Trump’s comments on their trade talks with China. The Philippine Stock Exchange index— considered the local barometer for investor sentiment— gave up 1.12% or 85.73 points to close at 7,560.47. The broader all-shares […] The post Stocks down on renewed trade worries appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 23rd, 2018

Market down in morning trade ahead of inflation data

PHILIPPINE shares fell further in early trading on Thursday as investors cashed in on earlier gains ahead of the release of April inflation data on Friday. At the noon break, the bellwether Philippine Stock Exchange index was down 1.71 percent or 132.55 points to pause at 7,603.52, while the broader All Shares dropped 1.41 percent or 66.06 points to [...] The post Market down in morning trade ahead of inflation data appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 3rd, 2018

Inflation surge, US-China trade row weigh on sentiment

FRIDAY saw local equities cut short a slight recovery earlier in the session as the country’s quickening inflation and a worsening US-China trade row dampened investor confidence. The Philippine Stock Exchange index (PSEi) dropped 76.5 points or 0.95% to close 7,945.66, while the all-shares index gave up 35.95 points or 0.73% to finish 4,828.5. PSEis […] The post Inflation surge, US-China trade row weigh on sentiment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 6th, 2018

Oil thwarted by trade war fears as Trump doubles down on tariffs

Oil headed for its worst week in more than a month after U.S. President Donald Trump called for tariffs on more Chinese goods, souring investor optimism that tensions between the world’s two largest economies will ease with negotiations. Futures fell as much as 1.1 percent in New York and are set for a 2.6 percent […] The post Oil thwarted by trade war fears as Trump doubles down on tariffs appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 6th, 2018

Stocks down on US tariff fears ahead of Lenten break

PHILIPPINE shares fell further in early trading Monday on extended profit-taking after US President Donald Trump announced his administration planned to slap a 25 percent tariff on Chinese imports. The benchmark Philippine Stock Exchange index (PSEi) dropped 131.97 points or 1.66 percent in morning trade to pause at 7,838.83. The wider All Shares shed 67.41 points or [...] The post Stocks down on US tariff fears ahead of Lenten break appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 26th, 2018

US, China trade tensions dampen PH market in morning trade

PHILIPPINE shares wiped out gains in early trading Friday as investors’ sentiment was dampened by the escalating trade wars from US and China. The bellwether index succumbed 19.3 percent in morning trade or 156.77 points to pause at 7,967.68. The broader All Shares dropped 1.55 percent or 75.82 points to 4,814.35. “[This was] after US President Donald [...] The post US, China trade tensions dampen PH market in morning trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 23rd, 2018

Bargain-hunting lifts PSEi 1.13% in morning trade

SHARE prices rebounded in early trading on Thursday as investors went bargain-hunting after three straight sessions of being in the red. The bellwether index grew 1.13 percent or 89.18 points to 7,998.25. The broader All Shares rose 0.96 percent or 45.80 points to 4,834.86. “This is a technical bounce after several days of run-up. Several investors opted [...] The post Bargain-hunting lifts PSEi 1.13% in morning trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 22nd, 2018

Stocks in Asia rally after US jobs; yen in focus

Asian stocks gained as trade-war concerns took a backseat to economic optimism following a U.S. jobs report Friday that showed the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inflation fears. The MSCI Asia Pacific Index of stocks climbed, with markets from Tokyo to Sydney higher. The S&P 500 […] The post Stocks in Asia rally after US jobs; yen in focus appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 12th, 2018

Global economic upswing knocked back by Trump’s trade-war threat

Investors are worried that Donald Trump will derail world growth. An announcement last week of tariffs on imported steel and aluminum triggered a slide in optimism among financial-market participants, according to Sentix, which said the reaction should be a “wake-up call for the U.S. president to reconsider the matter of protectionism.” Investor confidence in the […] The post Global economic upswing knocked back by Trump’s trade-war threat appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Global stocks mixed amid trade fears; euro slips on Italy

Investor nerves remained on show across global stock markets Monday amid continued fretting about the potential for a full-fledged trade war. The dollar strengthened against most major peers and Treasury yields dropped, while the euro weakened as Italy headed toward a hung parliament. European shares eked out gains following four days of losses, but equity […] The post Global stocks mixed amid trade fears; euro slips on Italy appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Jerry West: This game is going to overtake all the other sports

By Steve Aschburner, LOS ANGELES – Jerry West’s longevity is surpassed only by his excellence, which is surpassed only by his credibility, which is surpassed only by his legacy, which is surpassed only by his continued relevancy, which is surpassed only by his humility, which is surpassed only by his longevity... Aw, you get the idea. The man known as “Zeke From Cabin Creek” early in his NBA playing days, as “Mr. Clutch” by the time he was putting the finishing touches on a Hall of Fame career and as “The Logo” for much of the league’s past half century got credit for only 81 steals in the 14 seasons he played for the Los Angeles Lakers from 1960-1974. The reason: that stat only got tracked starting in West’s farewell season. But he racked up No. 82 by stealing the show with his acceptance speech of the NBA’s Lifetime Achievement Award presented at the annual All-Star “Legends Brunch” at the L.A. Convention Center. West’s appreciation of NBA history, gratitude for his place in it, optimism for the game’s future and competitive fire all shone through when he stood before the audience filled with both his peers – some of the greatest players ever – and fans sampling for the first time one of All-Star Weekend’s most reliable highlights. Three months shy of his 80th birthday, West – who won one NBA title as a player, eight more as an executive with L.A. and Golden State, and as a consultant now to the Clippers, had input into that team’s blockbuster trade of star Blake Griffin – was one of four former Lakers honored per the brunch program’s tradition of recognizing men who associated with the host city. James Worthy received the Global Ambassador Award, Bill Walton was presented with the Hometown Hero Award and Magic Johnson was named the 2018 Legend of the Year. In introducing West, NBA commissioner Adam Silver said: “One thing people know about Jerry is, he pulls no punches. And so, Jerry is someone I know I can count on. When there’s things happening in the league, Jerry will tell me exactly what I should know about today’s game and what’s happening with today’s players.” West used some of his time on stage, though, to acknowledge and thank a fifth Los Angeles legend: HOFer Elgin Baylor. In fact, he got emotional, pausing to collect himself while praising his former teammate and dear friend, long considered one of the most underrated players in NBA history. Baylor got to the Lakers two years before West, before they left Minneapolis, and was an 11-time All-Star from 1958 to 1971 who still ranks third all-time at 27.4 points per game. “Elgin, I won’t ever forget the way you treated me when I came here,” he said to Baylor, who was seated at a nearby table. “Amazing player but more amazing man. I remember when I was in college, never being able to watch the game, no TV, and of course we didn’t have one in my house. But I used to hear about this guy and I thought ‘Oh my God, I’m going to have a chance to play with him.’ “He’s my hero. I used to watch him practice, I’d watch him out of the corner of my eye. Just the way he conducted himself with people. Just one classy man.” West talked up others in the room whose lives he touched, and both lauded and encouraged current NBA players in their performances and in their commitments off the court. “You can be leaders because you have a voice. Don’t ever pass that up. Don’t ever lose your voice,” he said. “I really believe in humility. I also believe in civility.” After talking about the NBA’s astounding growth over the run of his equally astounding career, West’s competitiveness flickered through once more. “I’m going to say this – and I don’t like to say things that are controversial – but this game is going to overtake all the other sports,” he said. Comedian Billy Crystal, a long-suffering Clippers fan, opened the program with a hoops-themed monologue. “When I first started going to Clippers games, there was me, [broadcaster] Ralph Lawler and the players,” Crystal said. “A triple-double meant there were three couples in the stands. ... Watching all of this talent, I was glued to my seat – because that’s the way the Clippers would keep you from leaving.” Crystal provided some imagery when he likened pro basketball’s legendary stars to great musicians. “Wilt in jazz terms was a big band. He was powerful, huge, big brass section,” Crystal said. “Then Elgin came into the league and his style changed the way the game was played. ... He was cool, improvisational jazz. Then came the Big O [Oscar Robertson], who was the Dave Brubeck of basketball – easy but powerful and complex rhythms all at the same time. “That led the way to Dr. J [Julius Erving] and Kareem – Doc was [John] Coltrane, Kareem was Thelonious Monk with a little bit of Duke Ellington. ... Magic was unbelievable [and] brought us to Motown. Also, the country sounds of Mr. Larry Bird. Then came Michael – I can’t remember his last name but he played for the White Sox. He played to the beat of his own drummer. “Tim Duncan was not jazz; Tim Duncan was Beethoven. Then came the rappers, Shaq and [Allen] Iverson. And other virtuosos like Kobe [Bryant], LeBron [James] and Steph [Curry] and KD [Kevin Durant], [Russell] Westbrook. And the best goes on and on and on.” Silver, though, might have had the morning’s best line. In a shout-out to Magic Johnson – who has been fined $550,000 in the past six months for violating league tampering rules in talking publicly about Oklahoma City’s Paul George and Milwaukee’s Giannis Antetokounmpo – the commissioner said: “Magic, thank you for paying for the brunch today.” Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsFeb 19th, 2018

PSEi down on profit-taking ahead of SONA

PHILIPPINE shares retreated on profit-taking in Monday morning trade following Friday’s gains. Most investors stayed on the sidelines ahead of President Rodrigo Duterte's second state of the nation address (SONA), which is scheduled to start after the market has closed. The benchmark index slipped 0.28 percent or 22.35 points to finish the morning session at [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 24th, 2017

Anger grows in South Korea over US anti-missile system – ABC News

The anger is palpable on a narrow road that cuts through a South Korean village where about 170 people live between green hills dotted with cottages and melon fields. It's an unlikely trouble spot in the world's last Cold War standoff. Aging farmers in this corner of Seongju county, more than 200 kilometers (125 miles) south of the capital Seoul, spend the day sitting by the asphalt in tents or on plastic stools, watching vehicles coming and going from a former golf course where military workers are setting up an advanced U.S. missile-defense system. &'8220;Just suddenly one day, Seongju has become the frontline,&'8221; said a tearful Park Soo-gyu, a 54-year-old strawberry farmer. &'8220;Wars today aren't just fought with guns. Missiles will be flying and where would they aim first? Right here, where the THAAD radar is.&'8221; THAAD is shorthand for Terminal High Altitude Defense, which the South Korean and U.S. governments say is critical to cope with a growing missile threat from North Korea. When completed, the battery will consist of six truck-mounted launchers that can fire up to 48 interceptors at incoming missiles detected by the system's x-band radar. Anger has boiled over in Seosongri village since last week when U.S. and South Korean military workers used the early-morning hours to rush key parts of THAAD into place. The system had been scheduled to enter operation by the end of the year, but South Korea's Defense Ministry said Tuesday that it is already capable of defending against North Korean missiles. The ministry didn't say when the deployment would be completed. Hundreds of banners hang on trees and fences along a kilometer (half-mile) stretch of the road up to where police have cut off access. They say &'8220;Withdraw the illegal THAAD immediately&'8221; and &'8220;Stop US militarism,&'8221; slogans that would feel familiar in a leftist rally but are unusual in the country's traditionally conservative southeast. &'8220;Yankee, go home!&'8221; a man yelled as he banged his fist on a car apparently carrying American soldiers, before dozens of police officers peeled him and other protesters away from the vehicle. The local anger highlights what has arguably become the most explosive issue ahead of a presidential election next week. The May 9 vote will likely end a decadelong conservative rule that maintained a hard line against North Korea and agreed to the THAAD installation. Front-runner Moon Jae-in, who calls for engagement with the North, has said the deployment of THAAD should be reconsidered. Some media have questioned whether the United States and a caretaker government that took over for ousted former President Park Geun-hye are rushing to complete THAAD before the election. Earlier polls had showed overwhelming public support for THAAD following North Korean nuclear tests and a long-range rocket launch last year. But public opinion has become more divided amid the corruption scandal that led to Park's downfall and criticism that the government was pushing ahead without seeking the consent of Seongju residents. Opposition was further inflamed after President Donald Trump said he would make South Korea pay $1 billion for THAAD. Seongju residents say comments by Trump show the United States may be preparing for a pre-emptive strike against North Korea. They worry that if the North retaliates, THAAD would make their county a main target. There's also frustration about an increasingly heavy police and military presence in an area where outsiders had been mostly limited to small groups of weekend golfers. Residents are also concerned about the rumored harmful effects the electromagnetic waves from THAAD's radar might have on them and their crops. Seoul's Defense Ministry calls such worries groundless. &'8220;We have been living very peacefully as farmers, but our daily lives have been shattered after the arrival of this weapon; we can't rest comfortably for a day and can't work without worrying,&'8221; said Kim Yoon&''seong, a 60-year-old melon farmer. He says many younger residents with children are considering leaving Seongju. Residents say at least 13 people were treated at hospitals for injuries including broken bones and teeth after a violent clash last week between dozens of villagers and supporters and some 8,000 police officers who were mobilized to remove them from the road. Three days later, more than a hundred police officers ended an hourslong standoff by swarming a handful of people who had been blocking a mountain path with a tractor to prevent construction equipment from entering the THAAD site. Police detained a man and drove away the tractor as villagers showered them with insults, including &'8220;dogs&'8221; and &'8220;Americans' slaves.&'8221; &'8220;We won't allow any U.S. military and construction vehicles to pass through the two roads,&'8221; said Rev. Kang Hyun-wook, a minister of Won Buddhism, an indigenous form of the religion. The grounds include a site Won Buddhists consider as sacred and are no longer allowed to visit. &'8220;If they fly in (the THAAD parts) with helicopters, then fine, it's their money to spend and we can't do anything about that.&'8221; Several people were hurt in another clash on Sunday as police tried to remove protesters blocking two U.S. military oil trucks from entering the THAAD site. Residents said the trucks turned away because cars protesters had parked to block the road couldn't be towed. Moon, the presidential front-runner, says THAAD's security benefits would be offset by deteriorating relations with China, which sees THAAD's powerful radar as a threat to its own defense. South Korea's largest trade partner, China has [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMay 3rd, 2017

Stock Market: Shares end lower as Trump tax plan disappoints

STOCKS snapped their rally as the lack of details about Washington's tax reform program soured investor sentiment......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2017

Stocks gain on Wall St rally

MANILA, Philippines - Share prices rose yesterday, tracking the rally on Wall St following investor optimism after US President Donald Trump’s speech in Cong.....»»

Category: financeSource:  philstarRelated NewsMar 2nd, 2017

Stock Market: PSEi tracks Asian markets' rally in thin trade

PHILIPPINE SHARES joined Asian stocks that rallied on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays......»»

Category: financeSource:  bworldonlineRelated NewsDec 27th, 2016

PSEi rallies ahead of ECB meeting

MANILA, Philippines - A rally in Wall St. and investor optimism ahead of the European Central Bank meeting lifted the stock market yesterday......»»

Category: financeSource:  philstarRelated NewsDec 8th, 2016

Stocks rally on China state visit

MANILA, Philippines – Share prices rallied for the second straight day yesterday on the back of positive economic news from China, investor optimism on Presi.....»»

Category: financeSource:  philstarRelated NewsOct 19th, 2016

Global stocks most lower amid trade uncertainty

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 15, 2018. Asian shares were mostly lower in muted trading Tuesday amid co.....»»

Category: newsSource:  philippinetimesRelated NewsMay 16th, 2018

Stocks rally as investors remain optimistic

Stocks jumped on Tuesday, May 15, as investors remained optimistic on the rate hike implemented by the local central bank last week. The 30-member Philippine Stock Exchange index climbed 1.73% or 133.86 points to close at 7,885.97. The broader all-shares index likewise increased 1.3% ot 60.99 points to finish at 4,770.14. “I guess it’s the […] The post Stocks rally as investors remain optimistic appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018