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PSEi gains on lack of strong cues

The market was able to close with gains amid the afternoon bargain hunting backed by optimistic anticipation of third quarter company earnings. The post PSEi gains on lack of strong cues appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneOct 17th, 2019

Stock Market: PSEi recovers as Wall St. rallies on strong US data

THE MAIN INDEX posted gains on Tuesday, tracking the rise of US markets driven by the release of the data from the world's largest economy showing acceleration in their services sector......»»

Category: financeSource:  bworldonlineRelated NewsDec 6th, 2016

Index sustains gains for 3rd straight day

The Philippine Stock Exchange index (PSEi), the stock market gauge, finished yesterday’s session with a modest gain of 22.53 points or 0.40 percent to close at 5,604.49......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2020

Oil set for positive finish to week as lockdowns eased

Oil prices rose in Asian trade Friday and were set to end the week with strong gains on signs demand is returning as some governments ease tough coronavirus lockdowns......»»

Category: newsSource:  thestandardRelated NewsMay 8th, 2020

PSEi jumps back to 5,500 on Wall St. rally

The stock market rebounded from its one-day slump to finish at the 5,500 territory once more after taking cues from positive sentiment on Wall Street. The benchmark Philippine Stock Exchange index (PSEi) climbed by 2.28 percent, or 124.53 points, to close at its intraday high of 5,574.98; while the wider All Shares gained 1.56 percent, […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 28th, 2020

SUPER SHOWDOWN: Ayo s Mayhem Letran vs Tan s Big, Bad Letran

In the last decade, only one school has stood between San Beda University and its complete and utter dominance of NCAA Men's Basketball. That school? The Red Lions' archrival Colegio de San Juan de Letran. In 2015, the Knights came from out of nowhere to put a stop to San Beda's search for a sixth straight title. Four years later, the Red Lions were going for a fourth consecutive championship and, more impressively, a season sweep only to be resoundingly rejected, yet again, by their archrivals. And so, Mendiola is home to 80 percent of total trophies since 2010. The other 20 percent, though? They are proudly presented in Intramuros. Come to think about it, though, which triumph over its fierce foe was sweeter for Letran? Here in ABS-CBN Sports Super Showdown, that is what we aim to answer. To determine who comes out on top between the blue and red's proud champions, we will be judging them in five categories (frontcourt, backcourt, coaching, level of competition, and shock factor) with a boxing-style 10-point must system determining the decision. FRONTCOURT The trademark of Aldin Ayo's very first championship team was that of playing much bigger than its expectations, its own size, and its, more often than not, bigger opponents. Ayo's nominal center was 6-foot-5 Jom Sollano while his regular 4-man was 6-foot-4 Kevin Racal. Off the bench, his first quote-unquote big was 6-foot-3 Felix Apreku. Still, those three played their roles to a tee and, along with the rest of the team, assembled a well-oiled machine that made the most of its speed advantage. Fast forward four years and "undersized" could no longer be used to describe Letran. In 6-7 Christian Balagasay, 6-6 Jeo Ambohot, 6-6 Pao Javillonar, 6-5 Larry Muyang, 6-4 Ato Ular, and 6-4 Mark Sangalang, Bonnie Tan finally had big, bad weapons in his arsenal. And for sure, those big, bad weapons flipped what was once a chink in the armor of the Knights into a super strength. And for sure, this department would be dominated by that rotation of ready and raring big men. Advantage 2019 Letran, 10-8 BACKCOURT The two teams' Finals MVP both come from the backcourt. Mark Cruz, like he has always done, came up big for Letran and averaged 17.3 points, 6.3 rebounds, 4.3 assists, and 3.0 steals Fran Yu, meanwhile, used the big stage and bright lights to break out to the tune of norms of 13.7 points, 6.0 assists, 3.3 rebounds, and 2.0 steals. In those two, the Knights had capable and confident counters to San Beda's own primetime playmakers in Baser Amer and Evan Nelle. The edge here, however, would have to go to Cruz whose signature play in the winner-take-all Game 3 was not a shot. Rather, it was a setup - after driving through the lane and drawing defenders with under a minute left, he found Sollano open at the baseline. Sollano only made good on the assist and his shot proved to be the go-ahead basket for the title. Add Rey Nambatac's offense and Mcjour Luib's defense here and Ayo's Letran just had a more well-rounded backcourt compared to Tan's which also included Jerrick Balanza and Bonbon Batiller. Advantage 2015 Letran, 10-9 COACHING Ayo is one of the best collegiate coaches in all of the Philippines. He has seen Tab Baldwin win the last three titles in the UAAP, but it still wasn't that long ago when he won back-to-back championships with different teams and in different leagues. Time and time again, the youthful mentor has proven to get the most out of his players - from the Cruz-Nambatac-Racal triumvirate in Letran to Ben Mbala-Jeron Teng De La Salle University and now, University of Sto. Tomas with Soulemane Chabi Yo, Rhenz Abando, CJ Cansino, and Mark Nonoy. What he doesn't have, however, are the so-called "super friends" of Tan. Through the NCAA 95 Finals, NorthPort head coach Pido Jarencio and assistant Jeff Napa were sharing their mind with the Knights themselves during timeouts. They were informal additions to regular assistants Rensy Bajar, Lou Gatumbato, Raymond Tiongco, and Ginebra point guard LA Tenorio. Even more were behind the bench in Letran special assistant to the rector for sports development and San Miguel Corporation sports director Alfrancis Chua, NorthPort team manager Erick Arejola, Columbian governor Bobby Rosales and head coach Johnedel Cardel, and Magnolia governor Rene Pardo. Asked about all those behind his back, Tan answered then, "In business, you need partners to be successful and in sports naman, we need friends lalo na yung mga may alam kung paano manalo. Friends ko yan lahat so welcome sila - brainstorm and synergy kami." Still, it's already a given by this point that competition only fuels the already burning fire inside Ayo. With that, there is just no doubt that he would only push himself harder and farther in the face of Tan and his so-called "super friends." And the one-time NCAA and one-time UAAP champion coach much more motivated than ever is nothing but a scary thought. Advantage 2015 Letran, 10-9 LEVEL OF COMPETITION NCAA 91 was the year of "Kagulo sa NCAA." Then, six squads out of 10 had a legitimate claim to a playoff berth. So competitive was the field that Jiovani Jalalon and Kent Salado's Arellano University as well as a University of Perpetual Help side that had Scottie Thompson, Prince Eze, and Bright Akhuetie fell short of the Final Four. Illustrating the competition even further, the season's Finalists only had one member of the Mythical Team between them - San Beda's Art Dela Cruz. On the other hand, NCAA 95's playoff cast was completed a week before the end of the elimination round. Yes, there was a Red Lion team that automatically advanced to the Finals and had three out of five Mythical selections. Still, that tournament's fourth-seed was San Sebastian College-Recoletos who had an 11-7 standing. Comparing that to NCAA 91's fourth-seed in Mapua University who sported a 12-6 slate and the 2019 Golden Stags wouldn't even make the 2015 playoffs. Advantage 2015 Letran, 10-9 SHOCK FACTOR It was a shock to see Letran upset San Beda in Game 1 of the NCAA 95 Finals after the latter won each and every game in the elimination round, It was even more of a shock to see the Knights actually topple the dynastic and season sweep-seeking Red Lions. Still, there was always an outside shot of that happening. "Letran is one of three shoo-ins for the Final Four – as well as a strong contender to wage war in the Finals and even possibly, hoist the trophy," ABS-CBN Sports stated in its preseason preview for the blue and red then. "This fully loaded lineup has the makings of a dynasty-ender – what’s only up in the air is if it would be motivated enough to do just that." On the other hand, nobody, nobody at all aside from Ayo had Letran contending in NCAA 91 - much more, winning it all. As ABS-CBN Sports stated in its preseason preview then, "It remains to be seen if the Knights' fortified defense and added offensive firepower can overcome their lack of size especially against the Final Four teams, all of whom have only gotten bigger." Even when the Knights finally charged to the championship round, not that many gave them a chance. In fact, all that doubt became tattooed on the mind of Ayo whose first words in the post-game conference when they finally claimed the crown was, "Joey, follow your heart!" The fiery mentor was referring to the Philippine Star's Joey Villar who said in the leadup to the Finals that his heart wants to root for Letran, but his mind knows San Beda would win. He wasn't alone. Even Ayo had to admit that his players themselves didn't believe until the season was already underway. "Sa totoo lang, nung team-building namin nung preseason, nung tinanong ko kung naniniwala ba silang magcha-champion tayo, they laughed. Nung natalo lang namin yung JRU nung (second game of the season), dun lang sila naniwala.," he said then. Advantage 2015 Letran, 10-9 FINAL SCORE: 48-46 for 2015 Letran.....»»

Category: sportsSource:  abscbnRelated NewsApr 21st, 2020

JG Summit net profit soars to P31B in 2019

Listed JG Summit Holdings Inc.’s net income surged to P31.3 billion in 2019 on the back of the strong gains of its food, airline and banking subsidiaries. In a disclosure on Wednesday, the Gokongwei-led conglomerate said the amount was a 63 percent increase from its 2018 figure, and its core net income grew by 13 […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 16th, 2020

Wild ride: PSEi gains 1% as coronavirus ramps up volatility

MANILA, Philippines – The local bourse saw one of its most volatile trading days on Friday, March 13, as the novel coronavirus continued to send jitters over the trading floor.  The Philippine Stock Exchange index gained 1% and closed at 5,793. Climbing back to the green ........»»

Category: newsSource:  rapplerRelated NewsMar 13th, 2020

Metrobank& rsquo;s profit jumps 27% to P28.1B

Metropolitan Bank & Trust Company, the country’s second-largest lender, said Thursday consolidated net income climbed 27 percent in 2019 to P28.1 billion from a year ago, on the back of moderate loan growth and margin expansion, strong trading and foreign exchange gains, double-digit increase on fee-based income and manageable cost growth......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2020

Lack of office supply driving POGOs outside MM — JLL

Strong office space take-up by Philippine offshore gaming operators or POGOs is seen to continue this year, as these firms are projected to expand outside Metro Manila due to tight supply, Jones Lang Lasalle Philippines said......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2020

‘PSEi to finish within 8,600-8,900 level’

HIGHER corporate earnings and strong macroeconomic fundamentals would propel the main index to end the year within the 8,600-8,900 level, First Metro Investment Corp. (FMIC) said. In a briefing on Tuesday, FMIC Vice President Cristina Ulang gave a bullish outlook for the Philippine Stock Exchange index (PSEi), projecting a price earnings ratio of 16.8x to […].....»»

Category: newsSource:  manilatimes_netRelated NewsJan 15th, 2020

Valverde questioned after another late collapse by Barcelona

By Joseph Wilson, Associated Press BARCELONA, Spain (AP) — Barcelona had once again played great, led through goals by Lionel Messi and Antoine Griezmann, yet still managed to let it slip away. Barcelona squandered one of its best performances of the season by conceding two late goals to Atlético Madrid, falling 3-2 in the semifinals of the Spanish Super Cup in Saudi Arabia. Messi equalized after Jorge “Koke” Resurreccion scored for Atletico, and Griezmann put Barcelona deservedly ahead 2-1. But the goalkeeping of Jan Oblak, Atlético's star this season, kept Barcelona out for the rest of the way while Álvaro Morata leveled with a penalty kick in the 82nd minute and Ángel Correa completed the dramatic turnaround in the 86th. For Barcelona, the chance to add a minor trophy from a mini-tournament played thousands of miles away is not the main worry. The concern is Barcelona’s odd knack of losing control of games that look like a sure victory. Whether it's a question of overconfidence, a lack of fitness or just momentary lapses that cost the team dearly, the pressure is on coach Ernesto Valverde. Messi and other team leaders defended Valverde, whose very good overall record at Barcelona has been blemished by shocking defeats. “It’s normal that when you lose and don’t reach your objectives, and when our fans see that the team is not playing like they would like, that people talk and say things,” Messi said. “We have to be more united than ever, remain a strong group and get through this. “This year we will try to play like we did today (before the late goals) and not commit childish errors like those we committed.” But that didn’t stop the Spanish sports media reporting that Barcelona club officials met with midfield great Xavi Hernández to probe him as a possible replacement for Valverde either now or next season. Xavi left Barcelona in 2015, following 17 trophy-laden seasons, for Qatari club Al-Sadd, where he coaches. The speculation that he could soon be returning home led to Al-Sadd saying no move was imminent. “The issue of Xavi going to Barcelona is normal and expected because he will be at his club and it’s his first home and he must return there in the future, but as of today, Xavi is the coach of Al-Sadd.” Al-Sadd general manager Turki Al-Ali said in a statement on the club website. “Xavi and his team are focusing on tomorrow’s match against Al-Rayyan, and we know that a club with the size and professionalism of Barcelona will take to official channels to speak of such matters,” Al-Ali said. Barcelona’s loss at the King Abdullah Sports City on Thursday came five days after it conceded an 88th-minute equalizer at Espanyol in the Spanish league. The late goal by Wu Lei also came on a desperate counterattack similar to both of Atlético's late attacks that led to goals, when Barcelona’s backline was out of sync and let a pass through to a player with only goalkeeper Neto to beat. Wu’s goal ruined a superb match by Luis Suárez, who had scored with a fine touch and made a difficult pass for an assist. Suárez also backed Valverde on Thursday by taking the blame for the stumble against Atlético. “This loss shows we have room to improve,” the Uruguay striker said. “It shows us that there are mistakes that we can’t make because we were in charge of the game and we let them mount counterattacks … but the coach is not at fault. They were mistakes that we made.” Barcelona has drawn three of its last four league matches, but still lead the competition on goal difference ahead of Real Madrid. The team was leading before finishing 2-2 at Real Sociedad last month; lost 3-1 at Levante after Messi had put them ahead in November; and gave up a goal in the 81st in a 2-2 draw at Osasuna in August. Those setbacks would not be as worrisome for Barcelona if the team had not completely collapsed in the Champions League in recent seasons, most recently a humiliating 4-0 loss at Liverpool after winning the first leg of the semifinals 3-0. Valverde’s job was then in even more jeopardy at the end of last season after Barcelona lost the Copa del Rey final to Valencia, casting a shadow of doubt over the Spanish league champions. Club president Josep Bartomeu, however, has stuck by the former player who is known for his intelligence and unflappable attitude. Valverde is in his third season at Barcelona. He has won back-to-back Spanish league titles and one Copa del Rey final. A European Cup has eluded him. Valverde said he was used to the criticism as part of a job that was never secure. “We coaches always work with the idea of giving it our all to each match,” Valverde said. “We know how soccer is and that there is a permanent instability in teams when you are not getting good results or when you lose. Now that we have lost I suppose people will talk about it, but I remain focused on my job.” Valverde’s next job is to prepare for the visit of Granada on Jan. 19. In the meantime, Atlético will face crosstown rival Real Madrid in the Super Cup final on Sunday......»»

Category: sportsSource:  abscbnRelated NewsJan 11th, 2020

San Francisco roars back into playoffs as NFC s top seed

By Arnie Stapleton, Associated Press For the first time since 1997, the San Francisco 49ers are the top seed in the NFC playoffs, a stunning turnaround for a team that owned the second overall pick in the NFL draft just nine months ago. After four straight losing campaigns, including only 10 wins in coach Kyle Shanahan's first two seasons, the 49ers went from 4-12 to 13-3 this season. They emerged as the top team in the NFC thanks a big-play offense and a vastly improved defense sparked by Nick Bosa, whom they chose with that No. 2 draft pick. They earned the top seed with a thrilling finale at Seattle when rookie linebacker Dre Greenlaw made a stop inches from the goal line, earning his team a week off and up to two home games in the 49ers' quest to reach the Super Bowl for the first time in seven years. "It feels good to get where we're at," Shanahan said. "Our goal was to get in the playoffs, it feels much better with being the one seed. By now everyone knows there is only one team that is happy at the end of year." The Green Bay Packers secured the other first-round bye. The Seahawks visit the Philadelphia Eagles on Sunday and the Minnesota Vikings visit the New Orleans Saints in the other NFC wild-card game. 1. SAN FRANCISCO 49ers (13-3). AP Pro32 Ranking: No. 3. Last Lombardi: Super Bowl 29, 49-26 over San Diego Chargers on Jan. 29, 1995. Last year: 4-12. First trip to NFC playoffs since 2013. YEA: The 49ers have won different ways with the defense dominating early and the offense playing better late. The returns of edge rusher Dee Ford and S Jaquiski Tartt should help the defense return to its early season form. If QB Jimmy Garoppolo and the offense can maintain its play from the second half when the team ranked second in plays of at least 20 yards, the Niners should be tough to beat. NAY: The Niners will still be missing at least one key defensive piece at the start of the playoffs in LB Kwon Alexander and several depth pass rushers also are out for the year. That could limit the improvement on defense and there is little playoff experience on offense with WR Emmanuel Sanders the only key skill position player who has been in the postseason. Garoppolo has improved the past few weeks but still has a propensity for turnovers, which could prove costly. SAY: "We knew going into the year we had a chance to be pretty good with what we had on paper and watching the guys throughout training camp. We knew that pretty well after the first five games, we could feel it. Then you go through a number of injuries and stuff and you never know how you're going to be able to fully handle that. That's what I have been impressed the most with the guys, no one has wavered." — Shanahan. 2. GREEN BAY PACKERS (13-3). AP Pro32 Ranking: No. 5. Last Lombardi: Super Bowl 45, 31-25 over Pittsburgh Steelers on Feb. 6, 2011. Last year: 6-9-1. First trip to NFC playoffs since 2016. YEA: RB Aaron Jones is the team MVP. The third-year pro is Green Bay's first 1,000-yard rusher since Eddie Lacy in 2014 and his 19 total touchdowns (16 rushing, three receiving) tied Carolina's Christian McCaffrey for the league high. In the Packers' three losses this season, Jones averaged fewer than 42 scrimmage yards. If first-year coach Matt LaFleur gets Jones the ball early and often and QB Aaron Rodgers can add in a splash of his old magic, Green Bay could find itself in Miami in February. NAY: Though Rodgers has had flashes of his old greatness, the 36-year-old two-time MVP has played far below his soaring standards. Rodgers had a passer rating of less than 80.0 in each of his last three starts and had a career-high 16 overthrows against Detroit in the regular-season finale. If the Packers are going to win another Super Bowl, they're going to need the Rodgers of old, not the old Rodgers. SAY: "We haven't always made it easy and we haven't always made it pretty, but for the most part, we've found a way to win every game. You have to say a lot about the resiliency of this team, because we've gotten ourselves into a lot of different scenarios, but we always believe we can go out there and put up a bunch of points in a hurry." -- WR Davante Adams 3. NEW ORLEANS SAINTS (13-3). AP Pro32 Ranking: No. 2. Last Lombardi: Super Bowl 44, beat Indianapolis 31-17 on Feb. 7, 2010. Last year: No. 1 seed, beat Philadelphia Eagles 20-14 at home in divisional round, lost to Los Angeles Rams 26-23 (OT) in NFC championship at home. Third consecutive trip to NFC playoffs. YEA: QB Drew Brees, who'll turn 41 on Jan. 15, has been in vintage form lately with a big assist from the NFL's top WR Michael Thomas. Brees has passed for 1,188 yards and 15 TDs in the past four games, evidence of his strong comeback from a thumb surgery that sidelined him five games. Thomas racked up a single-season record 149 catches for 1,725 yards and nine TDs. The Saints' eight turnovers are an NFL record low for a season. New Orleans had 51 sacks, third most in the NFL and ranked fourth against the run. NAY: While the Saints don't have many weaknesses, they can be their own worst enemy. Their 120 penalties for 1,036 yards ranked sixth worst in the NFL in both categories and their minus-323 net penalty yards ranked second worst. New Orleans' secondary has been beset with late-season injuries. Both starting safeties and a starting cornerback did not play in Week 17. SAY: "Down the stretch here I think we've been an ascending team. We've been playing a little bit better each and every week, despite the fact that we have had some guys go down." — Brees 4. PHILADELPHIA EAGLES (9-7). AP Pro32 Ranking: No. 11. Last Lombardi: Super Bowl 52, 41-33 over New England Patriots, Feb. 4, 2018. Last year: No. 6 seed, beat Chicago Bears 16-15 in wild-card game on road, lost to New Orleans Saints 20-14 in divisional round on road. Third consecutive trip to NFC playoffs. YEA: The Eagles are hungry and Carson Wentz is determined to do what Nick Foles did in his absence two years ago — win a Super Bowl. If Wentz continues playing at the MVP level he displayed in December, the Eagles are dangerous. They have a strong rushing attack that can control the clock and an experienced defense that shuts down the run and forces teams to be one-dimensional. NAY: Seattle beat the Eagles in Philadelphia 17-9 on Nov. 24. Russell Wilson is 4-0 against Philly. The Eagles have been riddled by injuries and finished the regular season without seven starters on offense. Three of those players could return to face the Seahawks but it's likely two will be game-time decisions. SAY: "In the last couple games, (Wentz) has really put this team on his back and said, 'Hey, follow me.' And I think that's a sign of growth, a sign of maturity. I spent eight years in Green Bay with Brett Favre, and that's what Brett did. Brett just put the team on his back when the chips were against us and just said, 'Follow me.' And that's what Carson can do." — Coach Doug Pederson. 5. SEATTLE SEAHAWKS (11-5). AP Pro32 Ranking: No. 6. Last Lombardi: Super Bowl 48, 43-8 over Denver Broncos on Feb. 2, 2014. Last year: No. 5 seed, lost to Dallas Cowboys 24-22 in wild-card game on road. Second consecutive trip to NFC playoffs. YEA: Unlike years past, if the Seahawks are going to make a deep playoff run, it's going to be because of QB Russell Wilson. He's coming off the second-best season in terms of passing yards, completion percentage and a career-low five interceptions. Wilson's never been asked to carry Seattle in the playoffs but if he can rediscover the success from when he was in the MVP conversation with Lamar Jackson, Seattle has enough other parts to make some noise. NAY: Injuries have stacked up for Seattle. The Seahawks lost their top three running backs, a starting edge rusher, tight end and center to season-ending injuries. Jadeveon Clowney is playing through a painful core muscle injury. Bobby Wagner has a bad ankle as does safety Quandre Diggs. Left tackle Duane Brown underwent knee surgery after Week 16. Eventually the lack of some key stars is likely to catch up with Seattle. SAY: "We have everything we want in the locker room. We have everything that we could need. We have everything that it takes. So it's been a tremendous season. It's been a battle so far. It's been a long one, but it's been a great one so far. The good thing is it's a refresh button, you get to hit the refresh button, start over, 0-0, see how far we can go." — Wilson. 6. MINNESOTA VIKINGS (10-6). AP Pro32 Ranking: No. 8. No Lombardis. Last year: 8-7-1. First trip to NFC playoffs since 2017. YEA: The Vikings have an experienced, accomplished defense that can pose problems for elite QBs and clever play-callers on the other side. The Vikings were sixth in the NFL with an average of 18.9 points allowed and fourth with 31 takeaways. Their play-action passing attack with Pro Bowl RB Dalvin Cook poses a dual threat and QB Kirk Cousins throwing deep to WR Stefon Diggs, can be awfully dangerous, too. NAY: The downside on defense is the erosion of the pass coverage. After ranking in the top three in passing yards allowed in the league in each of the past three years, the Vikings dropped to 15th in 2019. They also fell to 19th in the NFL in third down conversions allowed after leading the league in 2017 and 18. The offense carries its own reasons to doubt a playoff run, with Cousins never having won a postseason game in the NFL and a recent dud at home against division rival Green Bay. SAY: "I know it's been done before. Why not us?" — coach Mike Zimmer on the prospect of winning three road games to reach the Super Bowl. ___ AP Pro Football Writers Josh Dubow, Rob Maaddi and Dave Campbell and AP Sports Writers Tim Booth, Brett Martel and Keith Jenkins contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsJan 2nd, 2020

Arteta takes charge of Arsenal after learning from Guardiola

LONDON (AP) — Arsenal hired Mikel Arteta as manager on Friday, hoping its former midfielder can turn around the fortunes of the ailing London club after spending more than three years learning the coaching ropes as assistant to Pep Guardiola at English champion Manchester City. Arteta signed a 3 1/2-year contract as the full-time replacement for Unai Emery, who was fired three weeks ago. Arteta was persuaded to leave his role at City despite potentially being in line to be the natural successor to Guardiola. "What I have learned mostly is you have to be ruthless, consistent and fit the culture of the club to sustain a winning mentality," Arteta said. “Every act is important. Pep's work-rate is incredible. The staff have to be able to transmit it and when (the players) buy into that, you can be strong.” The Spaniard retired in 2016 after spending the last five years of his playing career at Arsenal. He returns to Emirates Stadium with Arsenal having regressed, no longer in the Champions League or a challenger in the Premier League. “We all know there is a lot of work to be done to achieve that but I am confident we’ll do it," Arteta said. "I’m realistic enough to know it won’t happen overnight but the current squad has plenty of talent and there is a great pipeline of young players coming through from the academy.” Arsenal is languishing in 10th place in the league, as close to the relegation zone as it is to the top four. Arteta was close to taking charge of Arsenal after the departure of long-time manager Arsene Wenger in the offseason of 2018. Emery got the job, however, but couldn’t revive the team and left it in something of a mess when he was let go last month. “I want to do things my way by convincing them it is the right way for everybody to live better,” Arteta said. "Everybody has to be responsible and I do not want them hiding, I want people who deliver passion and energy. Anyone who does not buy into this has a negative effect, is not good enough for this environment and culture.” Head of football Raul Sanllehi said the club interviewed other names before opting to pursue Arteta. "We met several top-class candidates and Mikel stood out to every single one of us as the perfect person for us," Sanllehi said. “Mikel understands and what it means to our fans around the world. We look forward to him getting down to work and bringing the best out of our squad as we work to get our season back on track.” Arteta takes over a side that is porous in defense and has a lack of quality or leadership in midfield. The team is in its worst shape since the mid-1990s, before Wenger was in charge. “Mikel Arteta has certainly a great future, he has learned a lot in his first experience, in his first position as an assistant coach,” Wenger said this week. “He will have to deal with the fact he has no experience at that level, and he will have to get surrounded well and have a good environment at the club.”.....»»

Category: sportsSource:  abscbnRelated NewsDec 21st, 2019

PSEi slips anew on HK measure

The stock market on Thursday lost the gains it secured the day before after tensions between the United States and China escalated anew over a measure supporting the pro-democracy movement in Hong Kong. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.87 percent or 68.23 points to finish at 7,768.66, while the wider All […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 29th, 2019

BPI Securities sees PSEi hitting 9,000 in 2020

MANILA, Philippines – The brokerage arm of Ayala-led Bank of the Philippine Islands (BPI) is seeing the Philippine Stock Exchange Index (PSEi)  hitting 9,000 in 2020, fueled by banks, properties, and consumer stocks. "We are currently trading at around 16 times forward earnings, near the market's 10- year average. Amidst strong ........»»

Category: newsSource:  rapplerRelated NewsNov 26th, 2019

Trade war nearly pushes PSEi off 8,000 level

The local bourse nearly slipped off the 8,000-point territory on Monday as investors pocketed gains amid uncertainties over the long-standing trade war between the United States and China. The benchmark Philippine Exchange Stock index (PSEi) dropped by 0.70 percent or 56.38 points to end at 8,009.38 while the wider All Shares dipped by 0.72 percent […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 11th, 2019

PSEi slides out of 8,000 territory on Fed news

A DAY after breaching the 8,000 level, the stock market slipped after investors cashed in on gains following news that the US Federal Reserve (Fed) is unlikely to cut rates for the rest of the year. The benchmark Philippine Stock Exchange index (PSEi) slid by 0.53 percent or 42.94 points to close at 7,977.12, while […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 1st, 2019

PSEi nears 8,000 level anew

The stock market is inching nearer the 8,000 level as strong nine-month earnings, news on the United States and China inking a trade deal, and a possible Federal Reserve cut buoyed investor sentiment. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.56 percent or 44.66 points to end at 7,991.19 while the wider All […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 30th, 2019

PSEi down, but still at 7,900 level

INVESTORS cashing in on gains led the stock market to end the week in the red territory, but managed to stay afloat the 7,900 level. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.36 percent or 28.48 points to close at 7,922.50, while the wider All Shares slid by 0.27 percent or 13.13 points […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 25th, 2019

Bourse slides on possible Brexit delay

THE stock market dipped on Wednesday after two days of gains on the strong possibility of another delay in the departure of the United Kingdom from the European Union (EU)….READ.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 23rd, 2019