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Stocks reverse course, finish mostly lower

The stock market returned to negative zone yesterday. The benchmark Philippine Stocks Exchange index (PSEi) ended lower again, finishing at 7,197.62, down 38.54 points or 0.53 percent......»»

Category: financeSource: philstar philstarOct 23rd, 2018

Asia stocks open lower on fears over US growth

Tokyo — Asian markets opened lower Monday, following Wall Street’s downbeat finish last week on fears that US economic growth has peaked, and with investors watching the Bank of Japan’s meeting. On Friday, data showed the US economy expanded at an annual rate of 4.1 percent in the second quarter, matching analyst expectations. The rise […] The post Asia stocks open lower on fears over US growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJul 30th, 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

Stocks end week in the red

Stocks closed the week in the red, as the lack of catalysts failed to sustain the market’s early day gains. The Philippine Stock Exchange index edged lower by 0.11% or 9.34 points to finish at 8,372.51 on Friday, while the all-shares index also dropped 0.25% or 12.69 points to 5,052.79. “Philippine markets still finished in […] The post Stocks end week in the red appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018

Philippine stocks end week in the red

By Arra B. Francia, Reporter LOCAL stocks closed the week in the red, as the lack of catalysts failed to sustain the market’s early day gains. The Philippine Stock Exchange index (PSEi) edged lower by 0.11% or 9.34 points to finish at 8,372.51 on Friday, while the all-shares index also dropped 0.25% or 12.69 points […] The post Philippine stocks end week in the red appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018

Stocks, peso finish lower

MANILA, Philippines -  Share prices fell yesterday on lack of market-moving news locally, prompting the market to take its cue from foreign bourses......»»

Category: financeSource:  philstarRelated NewsJun 28th, 2017

Yemen family fears drone strikes under Trump – The Guardian

Every day, as they hear the whine of the drones overhead, the Tuaiman family waits for Donald Trump to finish killing them. The drones used to hover about once a week over al-Rawdah, the Yemeni village where the family lives, sending children running for cover. Now, according to Meqdad Tuaiman, the drones come every day – sometimes three or four times. Usually they arrive in the afternoon. Other times they come after sundown and linger until sunrise. The drones have not fired their weapons in four months, but their patrols have intensified since late January, when Trump took office. Meqdad, a 24-year-old used-car salesman and occasional pipeline guard, considers it no coincidence. In October 2011, Meqdad’s father, Saleh, and his 17-year-old brother Jalal were killed in a drone strike after they drove into the desert to find some missing camels. Another brother who was with them – Ezzaldeen, 14 – escaped the blast and hid until morning, when he found the two shattered bodies. In 2014, the Guardian gave Meqdad’s 13-year-old brother a camera to record his daily life. In January 2015, he too was killed in a drone strike. US drone strikes in Yemen are a key part of the campaign against al-Qaida in the Arabian Peninsula (AQAP), but the Tuaiman family denies any links to terrorism and say the family has never received any explanation from either US authorities or their Yemeni government allies. According to Meqdad, his brother Ezzaldeen has started to say: “They’re going to kill me next.” Under the Trump administration, airstrikes have escalated dramatically in Iraq and Syria, sending claims of civilian casualties skyrocketing. Airstrikes have also increased in Yemen, where the US campaign against Islamists has played out alongside a tangled civil war, which has already drawn in regional rivals Saudi Arabia and Iran. The Trump administration is considering plans to deepen US involvement in the civil war, which pits Iranian-backed Houthi rebels against the Persian Gulf states who support the exiled president Abd-Rabbu Mansour Hadi. The Tuaiman family feels pinioned between the two campaigns: its support for Hadi aligns them with the US – even as they fear being marked for death by US drone strikes. In Washington, Obama was criticized from the right for being too risk-averse even as human rights monitors said his administration’s guidance on avoiding civilian casualties was to lax. And under Trump, the guidance is a dead letter, an administration official recently told the Guardian. “Under Obama, Republicans constantly expressed concerns that White House micromanagement of how and where drones were deployed – and unrealistic rules of engagement for drone strikes – hampered US counterterrorism strategy. Even without formal guidance, Trump can reverse this by devolving strike authority to lower-level officials, and signal an acceptance for more strikes and thus more civilian casualties,” said Micah Zenko, who studies counterterrorism at the Council on Foreign Relations. Meqdad fears that Trump intends to make good on a promise he made in 2015: “When you get these terrorists, you have to take out their families.” US officials deny plans to implement such a policy, which legal experts say would constitute a war crime. But with three dead relatives, Meqdad is disinclined to rule it out. “Basically, we felt that [Trump has] no respect for human life. We felt very afraid”, Meqdad said, in a telephone interview arranged by the human rights group Reprieve. Meqdad said that if the US possesses any evidence against his family, “please bring it to court. We’re ready to explain in any US court.” From the Tuaiman’s Yemeni home to Iraq and Syria, the pace of US airstrikes has increased in recent weeks. Central Command has denied relaxing any relevant rules of engagement. Yet it has acknowledged, a December devolution of decision-making that made it quicker for US military “advisers” fighting alongside Iraqi forces in Mosul to call in airstrikes. “I think philosophically the president has made it very clear that he wants to give the commanders on the ground much more flexibility to execute their mission, especially when it comes to defeating Isis,” White House press secretary Sean Spicer said on Monday. US air force statistics show that since December, the US dropped vastly more bombs on Iraq and Syria than ever before in the two-and-a-half-year old war. In January, US warplanes loosed 3,600 munitions, followed in February by another 3,440. (March statistics are not yet available.) That blew away the previous high-water mark for monthly weapons releases: 3,242 in November 2015. The UK-based monitor group Airwars has said claims of civilian casualties caused by the US and its allies have risen so sharply that it lacks the resources to continue monitoring those alleged to have been caused by Russia, which the US had once criticized for indiscriminate bombing. In March 2017 alone, Airwars has tracked allegations of nearly 1,000 civilians killed in Iraq and Syria attributed to the US-led coalition. The Pentagon says it investigates credible claims of civilian deaths. But in Mosul, mass deaths apparently resulting from a 17 March US airstrike have caused international outcry and prompted the Iraqi government to pause its offensive. A similar trend is at work in Yemen. As of Wednesday, Trump’s 69th day in office, the US had conducted 37 drone strikes or raids beyond declared battlefields, at a rate of one strike every 1.8 days, said Zenko. Those strikes and raids have overwhelmingly focused on Yemen. [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMar 30th, 2017

Stocks end week on bearish mood

The market remained down yesterday with the benchmark Philippine Stock Exchange index (PSEi) ending 74.26 points lower at 7,461.06......»»

Category: financeSource:  philstarRelated NewsDec 7th, 2018

Atletico, Barcelona, Sevilla power through in Copa

By Tales Azzoni, Associated Press MADRID (AP) — Atletico Madrid was so poor in the first half against fourth-division visitor Sant Andreu that a shock Copa del Rey elimination wasn't a far-fetched possibility on Wednesday. But three goals in the opening 10 minutes of the second period guided Atletico's second-string team to a 4-0 victory at Wanda Metropolitano Stadium. Barcelona and Sevilla also beat lower division clubs, while Villarreal recorded an 8-0 rout of second tier Almeria with four goals by Cameroon striker Karl Toko-Ekambi. Thomas Lemar scored for Atletico in the 48th minute, Nikola Kalinic in the 53rd, Angel Correa in the 55th and Victor "Vitolo" Machin in the 81st to secure Diego Simeone's team a place in the last 16 following a 5-0 aggregate victory. "We struggled in the first half. We weren't able to play with quick transitions," said Simeone after his 400th Atletico match. "Everything changed in the second half. After the first goal the team played more freely." Atletico was without Diego Costa because of injury, while Antoine Griezmann and several other regular starters were rested by Simeone, who was banned from the bench as he served the second of a three-game suspension following a rant in a Copa match against Sevilla last season. Substitute Lemar went on at halftime and was key for Atletico, opening the scoring with a right-footed shot from outside the area. Kalinic added a header and Correa produced a fine finish with the outside of his right foot. Vitolo's goal from close range came after a pass by Saul Niguez. BARCELONA BOOST Barcelona advanced 5-1 on aggregate after its reserves cruised past third division Cultural Leonesa 4-1 at Camp Nou Stadium. Denis Suarez scored a goal in each half while Munir El Haddadi and Malcom were on target before halftime. Josep Sene netted in the second period for Cultural, the club owned by the Qatari state. Barcelona midfielder Ricard "Riqui" Puig, 19, set up one of Suarez's goals on his debut. "It was a dream come true," Puig said. "I used to come to this stadium when I was three." Malcom went off in the final minutes with an apparent knee injury. TOKO-EKAMBI'S NIGHT Toko-Ekambi became the first Villarreal player to score four goals in a match this century, leading the club to an 11-3 aggregate win. He netted three times in the first half and once in the second. Carlos Bacca scored twice, while Gerard Moreno and Dani Raba added a goal each. TOP-TIER CLASHES In all first-division ties, Girona came from behind to defeat Alaves 2-1 and advance 4-3 on aggregate, while Real Sociedad beat Celta Vigo 2-0 to go through 3-1 overall. Alaves struck first at Montilivi Stadium in Catalonia with an own-goal by Pedro Alcala in the 62nd minute, but the hosts rallied through Alex Granell in the 74th and Cristian "Portu" Portugues in the 79th to reach the last 16 for the first time. Sociedad sunk Celta with two superb goals by Mikel Oyarzabal and Adnan Januzaj. Oyarzabal netted in the 10th with a booming long-range shot into the top corner, and Januzaj scored in the 27th with a curling strike. OTHER RESULTS Sevilla edged third division Villanovense 1-0 to advance following a 0-0 first-leg draw. Andre Silva scored the winner early in the second half, converting the rebound after missing a penalty. Valladolid came from behind to defeat second tier Mallorca 2-1 and progress 4-2 on aggregate......»»

Category: sportsSource:  abscbnRelated NewsDec 6th, 2018

Should you buy conglomerate stocks | Inquirer Business

But for holding companies that are listed on the Philippine Stock Exchange, the market value of the whole is almost always lower than the sum of all its assets. The post Should you buy conglomerate st.....»»

Category: newsSource:  philippinetimesRelated NewsNov 28th, 2018

Stocks finish higher on follow-through buying

The benchmark Philippine Stock Exchange index (PSEi) gained 57.69 points, or 0.78 percent, to finish at 7,397.87......»»

Category: financeSource:  philstarRelated NewsNov 26th, 2018

Peso Remains Strong; Local Stocks Slide

The Philippine peso remained firm against the US dollar Wednesday but the Philippine Stock Exchange index (PSEi) ended its five-day winning streak in sympathy reaction to US markets. The local currency managed to finish the day at 52.35 from 52.39 Tuesday. A trader said the peso was able to remain strong amid the slide of […].....»»

Category: newsSource:  metrocebuRelated NewsNov 24th, 2018

‘Veloxed’ budget seen with delay

LAWMAKER SMELLS GREASE If the Senate can extend its working days, Deputy Speaker Prospero Pichay sees no reason why the House of Representatives could not. It is not difficult to predict a re-enacted budget in 2019 Seeking solutions to finish the 2019 national budget, Pichay said the Lower House can also stretch its calendar if […].....»»

Category: newsSource:  tribuneRelated NewsNov 19th, 2018

Stocks reverse course ahead of holiday break

Trading was muted yesterday as market investors took on a holiday mood ahead of the holiday break and because of renewed concerns over the US-China trade war......»»

Category: financeSource:  philstarRelated NewsOct 31st, 2018

England hands Spain its first home loss in 15 years

By Tales Azzoni, Associated Press MADRID (AP) — It was an odd scene at Benito Villamarin Stadium in Seville: The few visiting English fans were chanting "Ole" at every touch of the ball by their squad, while the home Spanish crowd was jeering its own players. It was only halftime on Monday and the Spaniards had already seen their national team concede three goals for the first time ever in a competitive match at home. By the end, they were witnesses to La Roja's first home loss in 15 years. Raheem Sterling scored twice and Marcus Rashford once in a stunning first half for England, which held on to beat Spain 3-2 in the UEFA Nations League to get back in contention for a spot in the final four of Europe's newest competition. In the other match in League A, Iceland lost to Switzerland 2-1 and was relegated to the second-tier League B. Sterling ended his three-year scoring drought with England with goals on each side of Rashford's strike before the break, leading England to its first win in Spain since 1987. "For a young team, they put in an incredibly mature performance, withstood pressure reasonably well and should all be really proud," England coach Gareth Southgate said. Spain suffered its first loss in a competitive match at home since 2003 against Greece. It hadn't lost at home in 38 matches, and had not conceded three goals in a home match since 1991 in a friendly against Hungary. "It shows how tough it is to come here and win and we have done that," England forward Harry Kane said. "We came out of the blocks firing, great pressing." Paco Alcacer scored Spain's first goal early in the second half and Sergio Ramos claimed the second on the final play of the match. "We have to admit we played very badly in the first half," Spain coach Luis Enrique said. "We made a lot of individual mistakes." Despite the loss, Spain stayed ahead in Group 4 of League A with two more points than England after three matches. Croatia, with a game in hand, was five points behind Spain. Spain could have secured a spot in the last four with a win, while a draw would have ended England's chances of advancing. Only the group winner moves on. Spain started well but its high defensive line struggled against the speed of England's young forwards. The visitors were clinical, scoring on all of their attempts on goal. Spain totaled 25 attempts and 70 percent of possession, and blew it. England opened the scoring early in a fast breakaway. Rashford sent a nice ball into space for Sterling, who entered the area with only the goalkeeper to beat and found the top of the net with a superb finish. It was his first goal for England since 2015, and first ever away from Wembley. "It was a beautiful feeling," Sterling said. "I put a lot of pressure on myself to try to get in the box and score. Sometimes it works for you and sometimes it doesn't, but it's my position to score goals so I need to keep that going." Rashford added to the lead in the 30th after a perfect through ball by Kane, entering the area and finishing with a shot from near the penalty spot. Sterling got on the board again from close range after Kane's set-up in a move which started with a nice pass by Ross Barkley over the top of the Spanish defenders. Spain got on the board in the 58th through a header by substitute striker Alcacer, who has 10 goals in his last six games with club and country. Ramos' last-minute goal also was a header. RELEGATED ICELAND Iceland needed to beat Switzerland for the first time to avoid relegation but the Swiss got off to a two-goal lead and held on to victory. Switzerland routed Iceland 6-0 at home in the team's opener. It moved into a tie with Belgium for first place in Group 2. The Belgians have a game in hand. LOWER LEAGUES In League B, Bosnia-Herzegovina defeated Northern Ireland 2-1 at home to take a six-point lead over Austria atop Group 3. In Group 2 of League C, Finland beat Greece 2-0 at home to remain perfect with four wins and a clean sheet after four matches. Estonia and Hungary drew 3-3 in the group's other match. Luxembourg defeated San Marino 3-0 to take the lead in Group 2 of League D, ahead of Belarus, which was held by Moldova to 0-0......»»

Category: sportsSource:  abscbnRelated NewsOct 16th, 2018

Peso down on risk-off sentiment

BW FILE PHOTO THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The local currency ended Tuesday’s session at P54.24 versus the greenback, 5.5 centavos lower than the P54.185-per-dollar finish last Monday. The peso opened the session slightly… link: Peso down on risk-off sentiment.....»»

Category: newsSource:  manilainformerRelated NewsOct 9th, 2018

Asian stocks fall as US accuses China of election meddling

A man sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Oct. 5, 2018. Asian markets were mostly lower on Friday after U.S. Vice Pres.....»»

Category: newsSource:  philippinetimesRelated NewsOct 7th, 2018

13 foreign firms eye rice import contract

THIRTEEN firms, mostly from Thailand and Vietnam, have expressed interest in supplying an initial 250,000 metric tons (MT) of rice needed by the Philippines to boost buffer stocks and lower domestic prices. Bidding applications submitted to the National Food Authority (NFA) on Friday showed five of the traders were from Thailand, four from Vietnam, two [...] The post 13 foreign firms eye rice import contract appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 5th, 2018

Stocks fall further on foreign selling

The stock market fell further into bear territory on Tuesday due to continued foreign selling and repositioning ahead of Friday’s release of September inflation data. The Philippine Stock Exchange index (PSEi) plunged by 1.24 percent or 89.72 points to close at 7,132.36, down 21.3 percent from January 29’s record finish of 9,058.62. The broader All [...] The post Stocks fall further on foreign selling appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 2nd, 2018

Stocks finish flat on lack of catalysts

The stock market ended flat yesterday amid the lack of market catalysts......»»

Category: financeSource:  philstarRelated NewsSep 17th, 2018

PVL: Adamson, UST in grudge match for third place

School pride will be at stake when Adamson University and University of Sto. Tomas take center court Sunday in the Premier Volleyball League Season 2 Collegiate Conference battle for third best-of-three series opener at the FilOil Flying V Centre in San Juan. After seeing their title hopes dashed by their respective lower seeded opponents in the semifinals, the Lady Falcons and Tigresses look to salvage a podium finish. The match will begin at 4:30 p.m. and will air via livestream. Replay of the game will air at 8:30 p.m. at ABS-CBN S+A Channel 23 and ABS-CBN S+A HD Channel 166. Adamson wants to prove that their elims win over UST is no fluke as the Lady Falcons eye a repeat over the Tigresses. But UST will have its top rookie Eya Laure, who skipped their first meeting with Adamson due to a shoulder injury, back making the match a must-see action. The Lady Falcons swept the elims to take the semis top seed but suffered an upset at the hands of University of the Philippines to bomb out of the Finals race. Meanwhile, the Tigresses absorbed a painful semis series loss to Far Eastern University as UST squandered a 1-0 lead in the showdown.     --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsSep 9th, 2018