Trends - MANILA - Business Recorder

Markets

Asian markets swing after Yellen spooks Wall St, eyes on US jobs

"Sure, a five percent pullback below 4,000 is quite possible -- and more likely probable, in that the narrative of the past week was to sell on the earnings news, regardless of the blowout numbers crossing the tape."

Published 05 May, 2021 11:12am

Markets

Philippine stocks mark best day in 3 months; Asian currencies weaker

Malaysian stocks were down 0.2% and the ringgit 0.1% weaker despite government data showing exports jumped 31% in March from a year earlier, rising at their fastest pace in nearly four years.

Published 28 Apr, 2021 01:35pm

World

Philippines' Duterte prepared to deploy navy over South China Sea claim

The dispute comes as the Philippines receives millions of doses of Covid-19 jabs from China's Sinovac -- many of them donated.

Published 20 Apr, 2021 11:20am

Markets

Asian markets mixed as traders stuggle to build on rally

Shanghai and Hong Kong led losses in Asia, while Sydney, Manila and Wellington were also in the red.

Published 15 Apr, 2021 11:02am

World

Philippines locks down economic hub to fight coronavirus surge

Budget Secretary Wendel Avisado said assistance would be available for nearly 23 million people under lockdown -- almost everyone affected -- but did not offer details.

Published 29 Mar, 2021 01:00pm

Markets

Philippine shares reverse losses, lead region higher on global recovery bets

"Vietnam's growth prospects will continue to outshine regional peers," Mizuho Bank said in a note.

Published 29 Mar, 2021 11:41am

World

Philippine to reimpose stricter COVID-19 curbs in capital to arrest surge in cases

The health ministry on Saturday reported 9,595 new coronavirus cases, marking the second straight day the daily jump in infections remained above 9,000. The country posted a record rise in three of the past five days.

Published 27 Mar, 2021 06:17pm

Markets

Asia markets swing as inflation fear tempers recovery hope

The currency fell to as low as 8.47 per US dollar in early trade Monday, having closed at 7.22 at the end of last week. It later recovered slightly.

Published 22 Mar, 2021 10:41am

World

Philippines to shut border to foreigners as virus cases surge

The government hopes to have "a stable supply of vaccines starting April or May", said retired general Carlito Galvez, who is overseeing the effort.

Published 17 Mar, 2021 10:05am

Markets

Philippine shares slide on surging infections, region edges higher

Stocks in the trade-reliant economies of South Korea and Taiwan dipped.

Published 15 Mar, 2021 12:14pm

Markets

Asia markets track Wall St record as inflation fears ease

Eyes are now on the European Central Bank's policy meeting later in the day, which will be followed for its outlook on interest rates and its vast bond-buying programme as the world economy recovers from last year's collapse.

Published 11 Mar, 2021 10:31am

World

Philippines to evaluate China's Sinopharm COVID-19 vaccine for emergency use

Sinopharm is the sixth vaccine maker to apply for emergency use authorisation in the Southeast Asian country.

Published 02 Mar, 2021 01:35pm

World

'Light' after darkness as Philippines Covid-19 vaccinations begin

"Getting a jab is a moral obligation for everyone. We must not wait for the so-called best vaccine because there is no such thing," he said.

Published 01 Mar, 2021 10:30am

Markets

Asian markets mixed as inflation fears play against recovery hopes

The US troubles overshadowed Riyadh's decision to ease production cuts within the next few months.

Published 18 Feb, 2021 10:05am

Markets

Most Asian markets down on profit-taking but optimism remains

"There's a great deal of optimism in the air and that's one of the biggest reasons we've seen this rise in interest rates in the US and globally," Tom di Galoma, at Seaport Global Holdings, said.

Published 17 Feb, 2021 10:26am

Markets

Equities rally on pandemic recovery, US stimulus optimism

Sydney, Seoul, Singapore, Manila and Jakarta were also higher. Shanghai and Taipei were closed for holidays.

Published 16 Feb, 2021 10:20am

Markets

Asian markets push higher as traders focus on recovery outlook

Bitcoin was also struggling to push past $50,000 after this week's rally that came on the back of news that Elon Musk's electric carmaker Tesla had invested $1.5 billion in the cryptocurrency.

Published 10 Feb, 2021 10:20am

Markets

Asian markets stumble on stimulus timing and size

Investors are also keeping tabs on the ongoing earnings season, while the Federal Reserve's next board meeting this week is expected to shed light on its plans for monetary policy in light of the stimulus proposal.

Published 26 Jan, 2021 10:57am

Markets

Asian markets take a step back after Biden-fuelled rally

National Australia Bank's Ray Attrill said that traders were a long way from worrying about the possible negative aspects of Biden's presidency, such as tax hikes and re-regulation.

Published 22 Jan, 2021 10:19am

Markets

Asia markets mostly up on hope for Biden recovery agenda

The comments suggest the new administration intends to maintain pressure on Beijing, after Trump kicked off a trade war between the two superpowers.

Published 20 Jan, 2021 09:44am

Markets

Investors eye recovery as most Asia markets rise, Yellen in focus

But Axi strategist Stephen Innes said vast financial support from the Fed, government spending and the vaccine rollout "still points to gleaming days ahead".

Published 19 Jan, 2021 09:24am

Markets

Most Asia markets, dollar rise as Biden's pledges huge stimulus

He also pointed to ongoing China-US tensions after the White House said it would end self-imposed restrictions on official contacts with Taiwan, a move likely to irk Beijing.

Published 11 Jan, 2021 10:23am

Markets

Most Asia markets advance after Wall St sets new records

Tokyo and Wellington piled on more than one percent each, while Hong Kong, Sydney, Singapore, Manila and Jakarta also enjoyed healthy gains.

Published 29 Dec, 2020 08:43am

Markets

Asian markets mostly up on US relief bill

The new strain, which experts fear is more contagious, has prompted more than 50 countries to impose travel restrictions on the UK.

Published 28 Dec, 2020 11:02am

Markets

Asian markets bounce but Trump throws stimulus grenade

The EU has rejected the latest UK offer on the crucial sticking point of fishing but is ready to pursue an agreement even beyond the end of the year cut-off, diplomats said.

Published 23 Dec, 2020 08:44am

Markets

Iron ore slumps over 4% as speculative buying dissipates

"However, a gradual rollout means we would probably see more lacklustre demand growth, which could push the iron ore market back into surplus, weighing on prices," they said in a note.

Published 14 Dec, 2020 10:41am