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Asian markets cheered by Wall Street rally

HONG KONG (AFP) - Asian markets rose on Wednesday, supported by record gains in US share markets after stellar growth figures from the world's top economy. Tokyo opened 1.17 percent higher, Hong Kong added 0.15 percent, Seoul gained 0.38 and…

PH foreign debt dips to $57.7B at end-Sept.

The country’s outstanding external debt approved/registered by the Bangko Sentral stood at $57.7 billion as of end-September, down by $375 million (or 0.6 percent) from the $58.1 billion level in June, according to BSP Gov. Amando M. Tetangco, Jr. The…

Jan.-Sept. BoP swings into $3.4-B deficit

The country’s balance of payments -- the difference between its total collar receipts and total dollar expenditures -- yielded a deficit of $3.4 billion for the first nine months of 2014, a reversal of the$3.8-billion surplus recorded in 2013. This…

China Dec mfg index falls to 7-mo. low

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China’s manufacturing activity worsened in December with HSBC’s closely watched purchasing managers’ index hitting a seven-month low, the bank said yesterday, signaling more weakness in the world’s second-largest economy. The British banking giant’s preliminary PMI for the month came in…

Boom and bump: Chinese pile into shares

Hundreds of thousands of investors are piling into China's stock market on the back of a spectacular rally, driving up prices in a borrowing-fueled frenzy despite warnings of heightened risks. The benchmark Shanghai Composite index was sent skywards by a…

China sets property list-up in March

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China would implement long-awaited property-registration rules from March, a Chinese media outlet yesterday said, in a move that could give the country’s anti-corruption investigators extra ammunition and pave the way for new taxes. Under a draft of the regulations published…

Slowing inflation paves way for more ECB action

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Slowing eurozone inflation is likely to make the European Central Bank increasingly nervous and pave the way for further monetary easing, analysts say. But the ECB looks unlikely to fire the latest weapon in its anti-deflation armory as early as…

ICTSI ports among world’s best—World Finance

World Finance, a leading financial magazine based in the United Kingdom, has cited International Container Terminal Services, Inc. as among the Project Finance Deals of the Year 2014 “The World’s Best Infrastructure Projects.” Released in a supplement, World Finance presents…

BSP empowers MSMEs in Marikina

The Bangko Sentral and the Marikina City government, together with the partner institutions and participating cooperatives, is set to formally launch on November 21 the Marikina City Credit Surety Fund at the BSP Assembly Hall, BSP Complex, A. Mabini corner…

Samsung to limit smartphone models

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Samsung Electronics has announced plans to slash the number of smartphone models it issues next year by up to one-third as it tries to cut prices in the face of intense Chinese competition. The strategy, confirmed by a company spokesman…

World Bank-DSWD Summit hails Albay as DRR model

A World Bank summit held recently in Quezon City has lauded Albay as decidedly a model in Disaster Risk Reduction (DRR) for social protection, among others, and for being the only province in the country to have built 11 permanent…

Bloomberry bares P3.3-B net profit

Bloomberry Resorts Corp, owner and operator (through its subsidiaries) of the Solaire Resort & Casino’s total gross revenues grew 127 percent to P22.439 billion from the P9.887 billion generated in the same period last year. The company also turned the…

Peso advances; stocks retreat

The peso closed slightly n lower at 44.915 per US dollar on total volume of $557.2 million traded at the Philippine Dealing and Exchange Corp. Stocks finished mostly lower on the major counters. Services topped the losing column (down 2.07…

HK: The golden goose Beijing cannot sacrifice

Hong Kong’s democracy protests have stoked fears of retribution from China, but the city is simply too valuable to punish and sideline, even as it faces a long-term challenge from mainland rival Shanghai, observers said. Demonstrators, sometimes numbering in the…

Japan biz confidence up in sluggish rebound

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Confidence among major Japanese manufacturers improved in the last quarter after a precipitous drop in the previous three months, a Bank of Japan survey showed, but analysts warned the economy was not yet back on track. The surprise result followed…
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