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US stocks decline as oil tumbles, dollar rallies

US stocks fell as crude plunged the most in two years and the dollar spiked higher amid renewed tensions over trade and geopolitics. The S&P 500 dropped the most in two weeks, as energy and material producers tumbled at least 2 percent on renewed angst that the Trump administration’s trade stance will damp demand for […].....»»

Category: financeSource: bworldonline bworldonlineJul 11th, 2018

Tokyo stocks open higher with yen stable against dollar

Tokyo stocks opened higher on Monday, extending rallies in New York with the cheaper yen also supporting the market. The benchmark Nikkei 225 index edged up 0.23 percent, or 51.08 points, to 21,839.22 in early trade while the broader Topix was up 0.34 percent, or 5.75 points, at 1,697.29. “After gaining in early trade, the […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 9th, 2018

Tokyo stocks close higher on weak yen

Tokyo stocks rose moderately on Friday, helped by Wall Street rallies and a cheaper yen against the dollar. The benchmark Nikkei 225 index gained 0.50 percent or 113.14 points to close at 22,851.75, logging a weekly gain of 0.69 percent. The broader Topix index was up 0.29 percent or 5.15 points at 1,789.04. It gained […] The post Tokyo stocks close higher on weak yen appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 2018

Asian stocks decline; dollar retreats as yen gains

Asian stocks drifted and the dollar retreated from a four-month high as investors digested the latest earnings reports and many markets reopened after holidays. US equity futures edged lower after a report the possibility of a subpoena has been raised for President Donald Trump in an ongoing special-counsel investigation. Ten-year Treasury yields pushed higher, though […] The post Asian stocks decline; dollar retreats as yen gains appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 2nd, 2018

Stocks decline in Asia as Trump rattles nerves

Asian stocks built on losses seen in the U.S. equities session, ending a tough week for risk assets that’s rekindled concerns about what a potential trade war and a more hawkish Federal Reserve could do to global economic growth. The dollar extended losses and the yen gained. Japan bore the brunt of declines, with the […] The post Stocks decline in Asia as Trump rattles nerves appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

Hong Kong rallies in mixed Asia trade

HONG KONG: Hong Kong stocks climbed more than two percent on Wednesday, extending a rebound from last week’s hammering but most other Asian markets were mixed as nervous investors await the release of key US inflation data fearing fresh volatility. Tokyo fell to another four-month trough as the yen strengthened against the dollar, at one [...] The post Hong Kong rallies in mixed Asia trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 14th, 2018

Stocks decline, peso weakens to 50 vs dollar

MANILA, Philippines - Financial markets ended the week on a losing streak with the peso closing at 50 to $1 due to uncertainties brought about by the possibi.....»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2017

Mexican peso, stocks fall as leftist wins presidency

The Mexican peso and stock market both fell Monday after the country elected the anti-establishment leftist Andres Manuel Lopez Obrador as its next president. After the fiery candidate known as “AMLO” swept to a landslide victory, the Mexican stock market’s key index lost 2.12 percent, while the peso closed down 0.9 percent against the dollar. […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 3rd, 2018

Stocks slump anew as bluechips suffer

The stock market’s recovery proved short-lived as share prices resumed their decline yesterday......»»

Category: financeSource:  philstarRelated NewsJun 28th, 2018

Peso Firms Up, Stocks Sink Deeper into Bear Territory

While the Philippine peso was regaining strength against the greenback on Thursday, local stocks continued their decline, plunging more than 2 percent, sinking deeper into bear territory. The local unit rose from a 12-year low to close at 53.46 from the 53.48 finish on Wednesday. It opened the day at 53.39 and hit an intra-day […].....»»

Category: newsSource:  metrocebuRelated NewsJun 22nd, 2018

Stocks in bear territory after BSP rate hike

LOCAL shares entered bear territory in early trading on Thursday after the Monetary Board’s decision to hike key rates surprised investors. At the midday break, the bellwether Philippine Stock Exchange index was down 127.21 points or 1.75 percent at 7,134.41, or a decline of 21 percent from its peak this year at 9,058.62 points, hit [...] The post Stocks in bear territory after BSP rate hike appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 21st, 2018

Euro tumbles as ECB timeframe for hiking rates surprises

The euro fell hard Thursday against the dollar after the European Central Bank sketched out a longer-than-expected timeframe for hiking interest rates. The ECB’s timeframe, included as part of its announcement that it would end stimulus bond-buying this year, stood out all the more a day after the US Federal Reserve accelerated its schedule for […] The post Euro tumbles as ECB timeframe for hiking rates surprises appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 2018

Tokyo stocks open higher on cheaper yen

Tokyo stocks opened higher on Friday helped by a cheaper yen against the dollar partly due to the European Central Bank’s policy decision and expectations for brisk US economic growth. The benchmark Nikkei 225 index edged up 0.56 percent or 127.39 points to 22,866.00 in early trade while the broader Topix index was up 0.49 […] The post Tokyo stocks open higher on cheaper yen appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 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

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:  philstarRelated NewsJun 13th, 2018

PH stocks defy regional decline

The local stock barometer outperformed regional markets on Tuesday as investors were relieved that the country's May inflation rate of 4.6 percent was not as high as anticipated by the market......»»

Category: newsSource:  philippinetimesRelated NewsJun 6th, 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

SRA moves to beef up sugar supply for local market

The Sugar Regulatory Administration is boosting domestic sugar supply by reallocating sugar earmarked for exports to stabilize the supply and prices of the commodity in the market. The SRA ordered on Wednesday the immediate conversion of all remaining and unshipped "D" sugar, or those allocated for export to the world market, to "B' sugar, or the stocks for local consumption. The decision was made in response to the call of industry stakeholders who were "alarmed" by the rise in sugar prices, which hit P1,750 per 50-kilo bag (LKg) from the standard rate of P1,450 per LKg. Given the projected decline in sugar production this crop year, prices have been escalating. This was despit...Keep on reading: SRA moves to beef up sugar supply for local market.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Asian stocks mixed as treasury yield extends rise

Asian shares traded mixed Friday, remaining on track for a weekly loss as investors mulled the implications of a jump in benchmark U.S. 10-year Treasury yields to their highest level since 2011. The dollar steadied near its strongest for the year. News that China has offered President Donald Trump a $200 billion reduction in the […] The post Asian stocks mixed as treasury yield extends rise appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 18th, 2018

Remittances expected to bounce back in April

By Melissa Luz T. Lopez Senior Reporter REMITTANCES are expected to recover by April following March’s decline, a global bank said, even as it likely kept the peso weaker versus the US dollar. “We expect remittances to exhibit some resilience in April,” Jose Mario I. Cuyegkeng, senior economist at ING Bank N.V. Manila, said in […] The post Remittances expected to bounce back in April appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

PH forex reserves continue slow decline

The Philippines' dollar reserves slipped slightly in April as the central bank spent more hard currency to stabilize the volatile peso and the national government settled some foreign debt, th.....»»

Category: newsSource:  philippinetimesRelated NewsMay 8th, 2018