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Asia Top News and Analysis Philippines

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  • *Gold steadies after 4- day advance as Fed clues awaited. LONDON, Sept 2- Gold steadied on Wednesday after a four-day rally, as uncertainty over the timing of a looming U.S. rate hike kept a lid on prices, with a retreat in stocks after weak U.S., Chinese and European manufacturing data lending some support. Gold has risen 2 percent since a sharp slide last week bottomed...

  • Changing tastes churn up ice cream industry Tuesday, 1 Sep 2015 | 6:41 AM ET

    *Unilever, Nestle challenged by niche, regional brands. ZURICH/ LONDON, Sept 1- Changing tastes and distribution challenges in emerging markets are opening up an ice cream industry long dominated by global food companies such as Unilever and Nestle. That's posing a challenge to Unilever and Nestle, which together control about a third of a global market that...

  • LONDON, Sept 1- Gold rose nearly 1 percent on Tuesday as the dollar and global equities dropped on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve's first interest rate increase in nearly a decade. Spot gold rose 0.7 percent to $1,142.40 an ounce by 0911 GMT, while U.S. gold for December delivery climbed 0.8 percent...

  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • *Gold eyes monthly gain, rebounding from 5-1/ 2- year low. LONDON, Aug 31- Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while U.S. gold...

  • *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.

  • *Gold down nearly 3 pct this week. LONDON, Aug 28- Gold edged up on Friday but was still on track to post its biggest weekly drop in five as strong U.S. economic data supported the case for a near-term increase in interest rates. "The big question for next week is whether the anxiety that crept into the market on August 10 when China devalued its currency is going to...

  • *Gold's 3- day slide erases bulk of last week's gains. LONDON, Aug 27- Gold steadied on Thursday after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure from a rebound in stock markets and a firmer dollar. Gold tends to benefit from ultra-low rates, which cut the opportunity...

  • Philippine economy grew 5.6 pct in the second quarter Thursday, 27 Aug 2015 | 2:09 AM ET

    MANILA, Philippines— The Philippine economy grew by 5.6 percent in the second quarter from a year ago, slightly below the government's target, officials said Thursday. The figure brings growth in the first six months to 5.3 percent, down from 6.2 percent for the same period a year ago. Economic Planning Secretary Arsenio Balisacan said the government is now...

  • Forbes: Mall tycoon Henry Sy tops Philippines' rich list Wednesday, 26 Aug 2015 | 10:37 PM ET

    MANILA, Philippines— Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines' richest person for the eight consecutive year, with his net worth up $1.7 billion from last year to $14.4 billion. Forbes Philippines, which puts together the list, said Thursday...

  • *Gold down for third straight session. LONDON, Aug 26- Gold slipped 2 percent on Wednesday as the dollar gained and shares recouped some of their earlier losses, while investors kept a close eye on China's efforts to support its economy. Gold's losses also hurt sentiment in the more industrial precious metals.

  • *Gold down for 3rd straight session. *Palladium not far off 5- year trough. LONDON, Aug 26- Gold slipped on Wednesday, tracking losses in other markets as concerns remained about China's economic slowdown even after it eased monetary policy.

  • *European, U.S. stocks rally after China cuts rates. NEW YORK/ LONDON, Aug 25- Gold fell more than 1 percent on Tuesday after an interest rate cut from China helped global markets rebound from the previous day's rout, with stocks rallying and the dollar also gaining, while palladium sank more than 7 percent to a five-year low. Palladium saw the steepest losses by far in...

  • LONDON, Aug 25- Gold fell on Tuesday as global markets rebounded from the previous day's rout after China cut interest rates to stimulate its wavering economy, with European stocks rising 4.5 percent and the dollar up 1 percent versus the euro. Gold had edged lower on Monday, with some traders citing liquidation to cover losses on other markets, but largely held...

  • *Palladium down more than 7 pct to lowest since 2010. LONDON, Aug 25- Gold fell on Tuesday as global markets found some respite after the previous day's rout, with European stocks rising more than 3 percent and the dollar rebounding from a seven-month low versus the euro and the yen. Gold had edged lower on Monday, with some traders citing liquidation to cover losses...

  • *Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...

  • LONDON, Aug 24- Gold edged higher on Monday to trade near a seven-week top as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a U.S. rate rise. Platinum dropped 3 percent and palladium hit its lowest in three years at $563.72 an ounce. "The weaker dollar and concerns about China's economy are the factors behind...

  • *Gold on track to rally towards $1,200- Phillip Futures. LONDON, Aug 24- Gold edged lower on Monday but remained near a seven-week high as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a U.S. rate rise. "Gold is holding on to some of the gains it made last week and that speaks to the difficulty in the global equity...

  • *Gold on track to rally towards $1,200- Phillip Futures. LONDON, Aug 24- Gold edged down on Monday, but remained close to a seven-week high as the dollar and shares tumbled on concerns about a slowdown in the Chinese economy and uncertainty about the timing of a Federal Reserve interest rate hike. "Gold is holding on to some of the gains it made last week and that speaks...

  • *Gold up nearly 6 pct from July's 5-1/ 2- year low. LONDON, Aug 20- Gold hit its highest in nearly five weeks on Thursday as the dollar eased after meeting minutes from the U.S. Spot gold hit a high of $1,141.75 an ounce, its highest since July 17, and was up 0.5 percent at $1,140 as of 1210 GMT.