Sept trade data, US polls lift PH shares

The stock market continued to make gains on Wednesday after the government released its latest trade figures and as observers await the outcome of a nail-biting US presidential election. The bellwether Philippine Stock Exchange index (PSEi) rose by 2.03 percent or 128.49 points to close at its intraday high of 6,464.05 while the broader AllContinue reading “Sept trade data, US polls lift PH shares”

Manila Water: No 2021 rate increases for now

Manila Water Co. Inc. announced on Wednesday it would postpone implementing its water rate hikes next year to help relieve the impact of the coronavirus disease 2019 (Covid-19) crisis on its consumers. In a statement, the Ayala-led East Zone concessionaire said it would defer raising the rate to P2 per cubic meter (cu.m.) in “theContinue reading “Manila Water: No 2021 rate increases for now”

PH trade deficit narrows in Sept

The country’s trade gap shrank in September from its month- and year-earlier figures as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Wednesday. Preliminary data from the statistics agency showed that inbound shipments in the month contracted for the 17th straight month to $7.92 billion, 16.5 percent smaller than the $9.48 billion inContinue reading “PH trade deficit narrows in Sept”

Uber, Lyft drivers contractors, court rules

OAKLAND: App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors. California voters passed Proposition 22 and delivered a stinging rebuke to state lawmakers and labor leaders who wereContinue reading “Uber, Lyft drivers contractors, court rules”

Duties on Aussie barley legit – China

China’s anti-dumping duties on Australian barley are legitimate, and they have effectively safeguarded the interests of the domestic barley industry, Chinese experts and barley growers said on Tuesday. China has reportedly rejected Australia’s appeal to remove the 80-percent barley tariffs imposed in May, according to media reports on Monday. Xu Ru’gen, executive director of theContinue reading “Duties on Aussie barley legit – China”

Asian markets rally on stimulus hopes

TOKYO: Asian markets rallied Thursday as Joe Biden inched towards becoming the next US president, with investors now hoping lawmakers will soon pass a much-needed new stimulus package. Traders brushed off Donald Trump’s claims of fraud and calls to stop vote-counting by calling in lawyers, instead taking heart from the failure of a Democratic sweep ofContinue reading “Asian markets rally on stimulus hopes”

The markets are

“The markets are watching for extra information out of Algeria. Trading has been skinny so what we’re seeing is mainly early-morning income taking in Asia,” OANDA senior market analyst Jeffrey Halley instructed Agence France-Presse. – Key figures around 0300 GMT (eleven:00 AM MANILA TIME) – Tokyo – Nikkei 225: DOWN zero.Three percent at 16,490.41 HongContinue reading “The markets are”

Trump is essentially

Trump is essentially regarded as a market negative and virtually him doing pretty poorly in the debate would reassure a whole lot of buyers,” he stated. Sydney fell zero.7 percentage while Jakarta, Manila and Taipei had been additionally down. Some other Asian markets shrugged off Wall Street’s losses. Hong Kong shares were up zero.Eight percentage,Continue reading “Trump is essentially”

The looming debate

The looming debate, as well as reports that Berlin has refused country resource to fortify Germany’s Deutsche Bank because it faces a multibillion-greenback exceptional inside the United States, had helped send worldwide markets widely decrease Monday. Tokyo observed the trend dropping zero.Three percent by the wreck, however had pared early losses as buyers centered atContinue reading “The looming debate”

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