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Asia Top News and Analysis Philippines


  • Oct 29- Moody's upgraded the foreign and local currency long-term bond ratings of the Philippines by one notch to Ba1 from Ba2 On Monday, citing the country's improved economic performance and continued fiscal revenue buoyancy.

  • Philippine official: $121K for car thief's head Friday, 26 Oct 2012 | 11:19 AM ET

    MANILA, Philippines-- The vice mayor of a southern Philippine city has offered a $121,000 reward for the decapitated head of the alleged leader of a gang of car thieves.

  • *MSCI Asia ex- Japan tumbles, Nikkei eases in choppy trade. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 1.2 percent. The MSCI index of Asia-Pacific shares outside Japan tumbled 1.2 percent, and was set for a weekly drop of about 1.5 percent, which would be its largest weekly decline in two months.

  • Philippines cuts interest rates by quarter point Thursday, 25 Oct 2012 | 5:48 AM ET

    MANILA, Philippines-- The Philippine central bank Thursday cut interest rates by a quarter percentage point to record lows to boost the economy amid a global slump. Amando Tetangco said the bank's fourth rate cut this year brings the cumulative reduction to one percentage point.

  • World stocks rise on continued optimism over China Thursday, 25 Oct 2012 | 5:18 AM ET

    BANGKOK-- World stock markets mostly rose Thursday as investors kept their sights on a possible improvement in China's economy. Britain's FTSE rose 0.5 percent to 5,836.92. Wall Street appeared headed for a day of gains, with Dow Jones industrial futures rising 0.4 percent to 13,078 and S&P 500 futures adding 0.6 percent to 1,413.20.

  • *China, Taiwan, Australian companies see dismal earnings. That compares to dreary corporate profits in China and others in the Asia-Pacific region, like Australia, that depended heavily on the now weakened buying power of major economies such as China.

  • UPDATE 1-Singapore Airlines in $7.5 bln Airbus deal Wednesday, 24 Oct 2012 | 11:31 AM ET

    SINGAPORE, Oct 24- Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.

  • Enrollment up at Washington universities Wednesday, 24 Oct 2012 | 10:25 AM ET

    SEATTLE-- About a thousand more international students are enrolled at the University of Washington's Seattle campus this fall, but school officials say that doesn't mean they have cut back on the number of in-state students at the state's most selective public university.

  • *Boeing to meet airlines on large-jet needs. Jean-Marc Ayrault, who has just returned from Singapore and Philippines to help drum up business for French companies, told Airbus workers his trip had highlighted the importance of remaining competitive on world export markets.

  • Nielsen's top programs for Oct. 15-22 Tuesday, 23 Oct 2012 | 5:14 PM ET

    2. "60 Minutes," CBS, 15.86 million. 3. "The Big Bang Theory," CBS, 15.73 million. 4. "Person of Interest," CBS, 13.93 million.

  • Betting on Emerging Markets Tuesday, 23 Oct 2012 | 6:33 AM ET
    Betting on Emerging Markets

    A look at the newest investment plays in emerging markets, including the Philippines, Thailand, and others, with Ruchir Sharma, Morgan Stanley managing director.

  • Envoy says China seeks better ties with Manila Friday, 19 Oct 2012 | 9:19 AM ET

    MANILA, Philippines-- A senior official said Friday China wants to improve relations with the Philippines following a strain in relations over a territorial dispute in the South China Sea.

  • Seek Value in Emerging Market Fixed Income Thursday, 18 Oct 2012 | 8:47 PM ET
    Seek Value in Emerging Market Fixed Income

    Brett Diment, Head of Emerging Markets and Sovereign Debt, Aberdeen says EM fixed income is regaining popularity. He thinks the Philippines could be one of the bright spots in the region.

  • Philip Morris Int'l 3Q profit falls 6 percent Thursday, 18 Oct 2012 | 7:36 AM ET

    RICHMOND, Va.-- Cigarette maker Philip Morris International Inc.' s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes. Philip Morris International said it earned $2.23 billion, or $1.32 per share, in the third quarter, down from $2.38 billion, or $1.35 per share, a year ago.

  • Analysis: Lost in debate: reality of US-China ties Wednesday, 17 Oct 2012 | 10:03 AM ET

    BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.

  • Stocks shine as Thais, Filipinos nurture stability Wednesday, 17 Oct 2012 | 4:42 AM ET

    BANGKOK-- The two Asian nations with the region's best performing stock markets in the past year are unlikely havens for investors: Thailand and the Philippines. The PSE benchmark in the Philippines has soared 29 percent in the last 12 months and Thailand's SET index is up a whopping 33 percent.

  • Earnings Preview: Tougher 3Q at P. Morris Int'l Tuesday, 16 Oct 2012 | 11:02 AM ET

    RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.

  • 'Consumer Revolution' Coming: How the West Can Win Tuesday, 16 Oct 2012 | 4:08 AM ET
    'Consumer Revolution' Coming: How the West Can Win

    A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.

  • Asian Banks Outperforming Western Rivals: Analyst Monday, 15 Oct 2012 | 11:20 PM ET
    Asian Banks Outperforming Western Rivals: Analyst

    Ismael Pili, Head of Financials Research, Asia, Macquarie Securities said Asian banks are growing their market share even as their Western counterparts continue to deleverage.

  • ND soybean group hosting visitors from Philippines Monday, 15 Oct 2012 | 9:58 AM ET

    FARGO, N.D.-- The North Dakota Soybean Council is hosting a group from the Philippines for a day. The guests on Monday are touring a greenhouse, feed mill and commodity trade room at North Dakota State University, as well as the Northern Crops Institute. The council says the goal is to promote soybeans grown in North Dakota.