PSEi ends flat as investors stay on sidelines

AFTER hitting fresh highs this week, Philippine shares closed flat on Friday, as investors chose to stay on the sidelines and reposition their portfolios. The 30-member Philippine Stock Exchange index added 0.02% or 1.37 points to close the week at 8,814.62. The all-shares index meanwhile fell 0.05% or 2.66 points to 5,098.75. “Philippine markets settled […] The post PSEi ends flat as investors stay on sidelines appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 12th, 2018

Capital markets pause for breath as rate hike fears upset stock prices

By Krista Angela M. Montealegre National Correspondent COMPANIES seeking to tap the stock market for funding may stay on the sidelines until the dust from the global equity sell-off settles, as investors grapple with rate hike fears. The bellwether Philippine Stock Exchange index (PSEi) — a barometer of investor confidence — wiped out its gains […] The post Capital markets pause for breath as rate hike fears upset stock prices appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 11th, 2018

PSEi ends nearly flat amid lack of leads

THE PHILIPPINE STOCK EXCHANGE index (PSEi) managed to stage a last-minute rally on Friday to edge up from the past week, enabling the local benchmark to stay in step with several Asian peers. Wall Street was closed for the Thanksgiving holiday. PSEi climbed 21.88 points or 0.26% to close 8,365.11 — and up 0.65% from […] The post PSEi ends nearly flat amid lack of leads appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 24th, 2017

Inflation, mixed earnings stall market upswing

MANILA, Philippines — Share prices ended flat yesterday as investors decided to stay on the sidelines following reports that headline inflation accelerated t.....»»

Category: financeSource:  philstarRelated NewsNov 7th, 2017

Stocks end flat as traders stay on sidelines

MANILA, Philippines — Market investors stayed on the sidelines yesterday, pushing the main composite index lower due to global uncertainties, analysts said......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2017

Stock Market: PSEi to rise with ASEAN meet; French polls in focus

THE LOCAL MARKET will be taking cues from the 30th Association of Southeast Asian Nations (ASEAN) Summit taking place in the country this week after a lack of catalysts in previous weeks caused investors to stay on the sidelines......»»

Category: financeSource:  bworldonlineRelated NewsApr 23rd, 2017

Stock Market: PSEi ends flat on weak remittances, lack of leads

STOCKS traded flat on Tuesday, as investors digested weak remittance data for February and continued to search for positive leads......»»

Category: financeSource:  bworldonlineRelated NewsApr 18th, 2017

Stock Market: Stocks inch up as investors rebalance holdings

PHILIPPINE STOCKS traded flat on Thursday as investors opted to stay on the sidelines and amid window-dressing activities among corporate managers to end the first quarter of the year......»»

Category: financeSource:  bworldonlineRelated NewsMar 30th, 2017

Stock Market: Stocks likely flat as marts seek clarity from Trump

LOCAL STOCKS may continue trading within range, as investors stay on the sidelines to watch out for more policy announcements in the United States and fourth-quarter earnings data from Philippine companies......»»

Category: financeSource:  bworldonlineRelated NewsFeb 5th, 2017

Stock Market: Stocks recoup early losses ahead of Fed meeting

LOCAL EQUITIES closed relatively flat on Tuesday, recovering from losses earlier in the day as investors opted to stay on the sidelines with the US Federal Reserve set to begin a two-day policy review that is widely expected to yield the first interest ra.....»»

Category: financeSource:  bworldonlineRelated NewsDec 13th, 2016

Stock Market: PSEi declines anew ahead of US presidential vote

THE LOCAL bellwether declined anew on Monday as investors chose to stay on the sidelines ahead of the US presidential election and general volatility in the market amid negative sentiment......»»

Category: financeSource:  bworldonlineRelated NewsNov 7th, 2016

PSEi dips as investors stay on sidelines

MANILA, Philippines –  Share prices went down anew yesterday as investors took a wait-and-see stance ahead of the third quarter corporate earnings reports, a.....»»

Category: financeSource:  philstarRelated NewsOct 25th, 2016

PSEi may post slight uptick this week

MANILA, Philippines – The ghost month has officially set in and investors are expected to stay on the sidelines, analysts said......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2016

Peso flat as investors await US inflation data

The peso ended flat against the dollar on Tuesday, March 13, as banks stayed on the sidelines ahead of the US inflation data. The local currency ended Tuesday’s session at P52.04 versus the greenback, flat from its finish the previous day. The peso traded sideways the whole day, opening the session at P52-per-dollar, which was […] The post Peso flat as investors await US inflation data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 13th, 2018

Capital markets pause for breath as rate hike fears upset stock prices

Companies seeking to tap the stock market for funding may stay on the sidelines until the dust from the global equity sell-off settles, as investors grapple with rate hike fears......»»

Category: newsSource:  interaksyonRelated NewsFeb 12th, 2018

PSEi ends record-high climb; peso takes a breather

Profit-taking ended the two-day surge to record-highs of the Philippine Stock Exchange index (PSEi) on Wednesday, but the peso improved as investors offloading their dollar holdings......»»

Category: newsSource:  interaksyonRelated NewsJan 25th, 2018

Index ends flat as investors reposition

MANILA, Philippines — The stock market closed flat yesterday, still unable to recover after its recent correction, as investors recalibrate their portfolios,.....»»

Category: financeSource:  philstarRelated NewsJan 13th, 2018

PSEi slightly down but stays above 8,900

The local stock barometer ended flat but stayed above the 8,900 level yesterday as some investors reassessed their portfolios following the recent run-up to record highs. The main-share Philippine Stock Exchange index (PSEi) shed 3.43 points or 0.04 percent to close at 8,920.29. While US stocks continued to rally overnight, the local market slowed after successive winning sessions from the last days of December, said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development. "Index saw some pullback amid a lack of news flow in local front and as investors await the corporate results season which will be in full swing next month," Limlingan sai...Keep on reading: PSEi slightly down but stays above 8,900.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

PSEi slips but clings to 8,900

The local stock barometer ended flat but stayed afloat the 8,900 level on Wednesday as some investors reassessed their portfolios after the recent run-up to record highs. The main-share Philippine Stock Exchange index (PSEi) shed 3.43 points or 0.04 percent to close at 8,920.29. While US stocks continued to rally overnight, the local market was "tired" after its successive winning sessions from the last days of December, said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development. "Index saw some pullback amid a lack of news flow in local front and as investors await the corporate results season which will be in full swing next month," ...Keep on reading: PSEi slips but clings to 8,900.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

Panthers sale sparks buzz in political, business circles

By Steve Reed, Associated Press CHARLOTTE, N.C. (AP) — The stunning news of the rare opportunity to purchase an NFL team has quickly garnered the attention of sports figures, business investors and politicians alike. Amid reports of sexual and racial remarks made by Carolina Panthers owner and founder Jerry Richardson in the workplace, he has unexpectedly announced that he is selling the NFL franchise after this season ends. It was a bombshell that rocked the Carolinas, and generated shockwaves inside and out of the organization. The team Monday promoted Tina Becker as COO and gave her full control of the day-to-day operations. Becker said in a release that “these have been some of the most difficult days of my 19 years with the Panthers.” She added that her immediate focus will be on corporate side of the organization, “while addressing the real concerns that have been raised in recent days.” Richardson, meanwhile, stepped away from daily responsibilities to focus on the sale of the team — which will come with a multi-billion dollar price tag. That’s what is known, but Richardson’s decision to walk away after nearly 25 years as owner has left more questions than answers about the franchise’s future — most notably, who will buy it and will they keep the team in Charlotte. Charlotte Mayor Vi Lyles said she is committed to working to keep the team in Charlotte. “The City of Charlotte values its long-running relationship with the Panthers after more than 22 seasons of NFL football,” Lyles said in a statement to The Associated Press. “The Panthers are part of Charlotte’s fabric. We’ve celebrated victories and anguished over defeats. We understand transitions are inevitable, and we look forward to working with current and future ownership.” The Panthers are tethered to Charlotte through the 2018 season because of an agreement on an $87.5 stadium renovation between the city and the team in 2013. That renovation is nearly complete. But a buyer could potentially purchase the team and move it in 2019. Former North Carolina Gov. Pat McCrory, who was mayor of Charlotte when the Panthers settled into their new stadium, has seen both sides. He also was the mayor when the Hornets left town. He said another question might be about Bank of America stadium. “Will (the new owners) ask for government subsidy to continue to improve the stadium, or, in fact, even build a new stadium, like what’s happened in Atlanta and Dallas?” McCrory said. “That would be a tall order.” He said it will be a business decision— and the highest bidder will get the team, to possibly do with it as they chose. “Unless the NFL steps in and says, ’No, you need to have a local ownership group,’” he said, “which I’d encourage them to do.” Panthers coach Ron Rivera was “a little taken aback” when Richardson informed him Sunday night of his decision to sell the team. But he too believes the Panthers should remain in Charlotte. “This organization has been a source of pride and goodwill and I would like to it continue,” Rivera said Monday. “This is a great community with a very supportive fan base that has been out there for us. They have been here for me and this football team and I hope that somehow it is able to stay here.” The chance to purchase an NFL team has potential suitors coming out of the woodwork. Rapper and actor Diddy indicated his interest in purchasing the Panthers on Twitter moments after Richardson’s announcement. Two-time NBA MVP Stephen Curry, a Charlotte native, chimed in with “I want in!” NFL quarterback Colin Kaepernick has also expressed interest. Other businessmen with Charlotte connections could show interest as well. Speedway Motorsports chairman Bruton Smith and his son, CEO Marcus Smith, have previously expressed interest in purchasing the Panthers should the opportunity arise. And the Panthers are loaded with minority owners including real estate magnate “Smoky” Bissell, Family Dollar founder Leon Levine and members of the Belk family. Developer Johnny Harris, who was instrumental in luring the Wells Fargo Championship — and later the PGA Championship — to Charlotte, could also decide to increase his ownership stake in the team. Let’s not forget Michael Jordan. The six-time NBA champion owns the Hornets. However, Jordan’s interest level is unknown and his representative Estee Portnoy said she had no comment on the Panthers sale. More names will surely emerge over the next several weeks, but they need to be ready to write a big check. Forbes Magazine recently estimated the Panthers worth at $2.3 billion. And those numbers could be low. Forbes estimated the Buffalo Bills at a net worth of $935 million in 2013, but the team wound up selling in 2014 for $1.4 billion — nearly 50 percent higher than the estimate — according to magazine’s website. Before any sale can be finalized, it will need the approval of 24 of 32 NFL owners. The Panthers have a lot to offer potential suitors: — They are on the cusp of reaching the playoffs for the fourth time in five seasons. — They have sold out 225 of their 227 home games in team history, including 157 straight. — They feature several recognizable stars including 2015 NFL MVP Cam Newton and 2013 Defensive Player of the Year Luke Kuechly. Panthers tight end Ed Dickson said fans don’t deserve to have a team ripped out from underneath them. “It’s growing, it’s definitely been growing,” Dickson said of the fan base. “We are striving to build something that Dallas has, and Pittsburgh has. We don’t have that much history here. But one of the reasons I came here was to be a part of something special. When we do get to the top of the mountain and win a Super Bowl — then we have something to celebrate here” in the Carolinas. At least in 2017 and 2018, after that, it’s unclear where the party would be. ___ AP Writer Skip Foreman contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsDec 19th, 2017

Atlanta Hawks get in sync at new practice facility

By Shaun Powell, ATLANTA -- The pregnant check written by Hawks owner Tony Ressler for the team’s glossy new 90,000 square foot training center didn’t concern him as much as the more numerous, smaller ones. As in: Double practice courts? Check. Outdoor swimming pool? Check. Grilling area and on-site gourmet chefs? Check. Video game consoles and a fleet of flat-screen TVs? Check and double check. Still, Ressler and the folks at Emory Healthcare, which teamed with the Hawks to blueprint the place, wanted more for the $50 million. And so they checked off another amenity: An East Coast hub of a California sports science lab that developed a cult following among a number of players and over half the league’s teams. Peak Performance Project carted computers, high-tech gadgets and cutting edge fitness equipment from its Santa Barbara headquarters to set up shop in Atlanta. The company, or P3, helped the Hawks raise the bar in what’s become a practice facility building boom in the NBA, where the Bulls, Sixers, Nets, Kings and Raptors all recently moved into or building swanky centers that could double as country clubs. Yes, the gourmet meals, hydrotherapy pools and theater seating is quite a refreshing change from the prehistoric places in which teams trained before. The Hawks’ old setup was inside Philips Arena, where ironically players had to climb stairs to reach the Stairmaster machines and had the disadvantage of only one practice court. Perhaps the Ground Zero of practice centers, however, was used by the Nets some 20 years ago in New Jersey. They shared a gym, weight room and a locker room with pot-bellied drivers from the owner’s trucking company. Yes, Derrick Coleman sometimes showered next to Fred from Bayonne. Not only have facilities come a long way — the Nets now train on the Brooklyn waterfront with a panoramic view of Lower Manhattan — so has sports science and how it’s being embraced as a necessary part of the game. Ten years ago nobody in the NBA had their bodies poked by scientists or 'scoped by modern technology to learn more about the way those bodies function. Then P3 came along and quickly became the gold standard of technology and sports and a go-to place in the offseason for players looking for an edge. If the NBA All-Star Game draws the biggest collection of talent around the league during the year, then an athletic science lab in Santa Barbara might be next. Damian Lillard, Karl-Anthony Towns, Rudy Gobert, Zach LaVine, Andre Drummond and Kyle Korver are just some of those seduced by science. P3 collects data through assessments of a player’s body and his high velocity movements to identify his physical strengths and weaknesses, raise red flags for areas that could be prone to potential injury, and give him and his team information to help improve performance. There’s also training sessions designed to prevent injuries and enhance the muscles and movements needed to reach potential, an elite athlete optimization that’s suddenly vital to careers. “Their assessments and the data they collect are so valuable to helping you understand what needs to be done,” said Korver. “No question it was so important for my career.” In a section of the Hawks facility used exclusively for P3, there’s a straight running track, some free weights, and hi-tech treadmills. It looks simple, and in a sense, it is, although the science and technology sets it apart and makes it unique. The center can test and train 12 to 15 athletes at a time over a two-hour period. Thousands of athletes from various Olympic, amateur and pro sports have been through the doors in Santa Barbara. No athlete can train without an assessment first. Once the data is received, then a workout conducted by bio-mechanists and performance specialists and tailored specifically for that athlete, based on the results. There’s no one-size-fits-all philosophy at P3. “It’s all individualized,” said Adam Hewitt, the director of operations at P3. “All bodies are different. You can have two guys the same size and have completely different systems. One might have flexibility in his lower, but the other doesn’t. Our thought is, how do we make the athlete better using this technology?” Hewitt said this process is light years ahead of what athletes and teams did just a few years ago, mainly because science and technology is evolving and P3 is trying to stay ahead of the curve. “Others aren’t using bio-technology to assess their athletes,” he said. “We’re showing the value that we can offer. We’ve invested so much and for so long.” P3 looks at the bodies in motion with the help of motion-capture technology similar to those used in video games. The images and information allow P3 to craft workouts to strengthen limbs and also to avoid injury. Just as NBA teams have spent millions building new practice facilities and hiring nutritionists and massage therapists, Elliott thinks it’s wise they make an investment in science. “There’s a revolution going on in sports science and athlete care,” he said. “I think it was overdue in professional sports. Your average sprinter or speed skater has more science data in his physical development and he’s working a part time job at a restaurant to make ends meet. He has more resources going for him than someone you’re paying $20 million a year. That made no sense to me. Contracts are too big and players are too important to take anything to chance. There’s a lot to lose. Even if you don’t understand it all, why wouldn’t you at least want the information on the table? If you don’t have all the information then is hard to play the probability game. You’re making bets on big contracts and on players being able to perform and stay healthy.” The use of force plates to measure explosiveness while jumping is of great use for NBA players and why P3 has growing influence on most of the league. “The NBA is leading our pro sports leagues,” Elliott said. “As a league, they should be proud. The other leagues are trying to copy them. The NFL is trying to catch up, baseball, hockey, teams are starting to hire smarter people and investing more in their performance sports science staffs. A lot has changed. I feel the biggest thing is we’ve been so invested in getting insight into the data. “There’s people in academics asking questions, and people in sport are trying to do the best they can. Rarely do they come together. Our motto is bringing these together. It’s super exciting to see. At the risk of sounding pompous I’d say I’m proud of it. I know the NBA is happy because they can see the bar’s being raised.” The P3 in Atlanta will operate same as usual, with no advertising, just word of mouth and a growing number of clients. The lab anticipates helping NBA players improve their ankle and hip mobility and put them in better position to succeed through science. “It’s about turning it back to advantages to the athlete,” Elliott said. “These guys are super unique.” Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or 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 NewsDec 16th, 2017