Wall Street caps best week since 1974 on latest Fed stunner
NEW YORK — Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the…
San Miguel donates flour for pandesal production
Ramon Ang hopes to duplicate Petron success in PAL. PHOTO FROM SANMIGUEL.COM.PH Conglomerate San Miguel Corp. is deploying flour to local government units (LGUs) and bakeries around Metro Manila to…
Oil-producing nations seek global deal to stabilize market
The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. The demand for oil continues to fall due to the new coronavirus outbreak. (AP…
Fintech platform Investree’s expansion to Philippines, Thailand on track this year
SCREENGRAB from https://investree.id/ JAKARTA — Financial technology (fintech) platform PT Investree Radhika Jaya has announced that its plans to expand its market to Thailand and the Philippines through joint ventures…
Asian shares mixed, Tokyo lower as Wall Street rally fades
BANGKOK — Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory.…
Virus outbreak delivers tech darlings a harsh reality check
AP Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of…
Wall Street jumps 3.4%, actually holds on this time
NEW YORK — Stocks shot to a 3.4% gain on Wall Street Wednesday as investors chose to focus on the optimistic side of data about the coronavirus outbreak’s trajectory. It’s…
Rice imports to help PH, not hurt local farmers
The country’s grains agency has assured local farmers that the government’s planned importation of rice would not adversely affect their livelihood but instead help the nation as it grapples with…
PH stocks run-up stalls; index down 2.46%
The local stock barometer pulled back on Wednesday as investors pocketed recent gains ahead of the long Lenten holiday break. The main-share Philippine Stock Exchange index (PSEi) gave up 139.18…
Public warned against 5 more investment scammers
The Securities and Exchange Commission (SEC) has flagged five more entities that are illegally soliciting investments from the public, taking advantage of the current coronavirus disease (COVID-19) pandemic to siphon…