Asia stocks rise as investors look ahead to week’s data
BEIJING — Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery. A woman wearing a face mask stands…
Stocks rise on jobs data, S&P 500 ends week with solid gain
NEW YORK — Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by…
Asian shares rise after Wall Street rally, strong housing data
TOKYO — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. People wearing a face…
Loans for COVID-19 response continue to rise
MANILA, Philippines — The head of the Duterte administration’s economic team on Wednesday said they expected President Rodrigo Duterte to decide in the next couple of days if he would…
Asia shares drop after Wall Street rout as virus cases rise
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. A woman walks past…
Dow sinks 1,800 as virus cases rise, deflating optimism
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long…
BSP cites study showing cashless payments on the rise in PH
Commitment to electronic payments was renewed at a summit held on Monday, Dec. 2, headed by the Bangko Sentral ng Pilipinas (BSP). The “Digital Payments Leaders Summit” was used as…
Gov’t local debts rise to P5.56T in April at COVID-19 pandemic height
As investor appetite for government securities recovered in April, outstanding IOUs sold by the Bureau of Treasury further increased to P5.56 trillion that month. Government securities had become delectable investment…
Asian stocks rise after Fed chief optimistic about recovery
BEIJING — Asian stock markets rose Monday after the chief U.S. central banker expressed optimism the the American economy might start to recover this year from the coronavirus pandemic. A…
PSBank profit down 5.1% as it prepares for rise in bad loans
The Metrobank group’s thrift bank arm, Philippine Savings Bank (PSBank), saw a 5.1-percent year-on-year drop in first quarter net profit amounting to P646.2 million as it set aside a bigger…