The Philippine economy grew 5.6 percent in the second quarter but concerns over China tempered the outlook.» Read More
2. "60 Minutes," CBS, 15.86 million. 3. "The Big Bang Theory," CBS, 15.73 million. 4. "Person of Interest," CBS, 13.93 million.
A look at the newest investment plays in emerging markets, including the Philippines, Thailand, and others, with Ruchir Sharma, Morgan Stanley managing director.
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.
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.
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.
BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.
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.
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.
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.
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.
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.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.
MANILA, Oct 12- The Philippines is on track to at least match its previous record sales of retail treasury bonds, having sold 128 billion pesos of 25- year retail bonds less than halfway through the public offer period. Manila has cancelled a treasury bill auction set for Oct. 15, and an Oct. 23 auction of 7- year bonds to make room for the offer.
NOTE: Reuters has not verified this story and does not vouch for its accuracy.
-Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, NestlÃ© Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.
MANILA, Oct 12- Philippine conglomerate Ayala Corp confirmed on Friday it had bought part of the stake of Singapore's DBS Group in its banking arm for 25.6 billion pesos, raising its interest to more than 40 percent. DBS's stake in the Bank of Philippine Islands falls to 9.9 percent after the sale of a 10.4 percent holding to partner Ayala Corp..
SINGAPORE/ MANILA, Oct 11- DBS Group, Southeast Asia's largest lender, is selling more than half of its $1.3 billion stake in Bank of Philippine Islands. to Ayala Corp, a source familiar with the deal told Reuters on Thursday.
SINGAPORE, Oct 11- Asian regrade prices- the price difference between jet fuel and gasoil- climbed to an almost one year high on Thursday as jet fuel found strength from the United States and China ahead of year-end travel amid short supply. Chevron had earlier bought jet fuel from Taiwan's Formosa, likely to ship it to the United States, traders said.
SINGAPORE/ MANILA, Oct 11- DBS Group, Southeast Asia's largest lender, is selling part of its stake in Bank of Philippine Islands that is currently worth around $1.3 billion to Ayala Corp, a source familiar with the deal told Reuters on Thursday. Ayala, a conglomerate, is the biggest shareholder in BPI, which is the Philippines' largest bank by market capitalisation.