financial markets - updates

Rappler's latest stories on financial markets

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Philippine stocks hit fresh all-time high on 2017's last trading day

Dec 29, 2017 - 7:44 PM

This is the 14th time the main index closed at an all-time high this 2017. For the year alone, the Philippine Stock Exchange index gained 25.1%.

ALL-TIME HIGH. The executives of Philippine Stock Exchange on Friday, December 29 celebrate last trading day of 2017. Photo from PSE Corporate Communications

Philippine stocks, peso fall on Brexit victory

Jun 24, 2016 - 5:41 PM

Stock analysts say local and foreign investors cash in gains as they were surprised by the decision

RISK AVERSION. Philippine stocks were offloaded as risk off sentiment dominated in reaction to the Brexit

Pound plunges, stock markets in turmoil on Brexit vote

Jun 24, 2016 - 11:31 AM

UPDATED Sterling hit a 31 year low crashing 10 to 1 3229 at one point and the euro also plummeted against the US currency

A close-up of a mixture of British five, ten and twenty pound notes in London, Britain, September 8, 2014. Andy Rain/EPA

Feeling global slowdown, Fed keeps interest rate unchanged

Mar 17, 2016 - 2:25 PM

The Federal Open Market Committee expects the US economy to grow only 2 2 in 2016

epa05214765 Chair of the US Federal Reserve Janet Yellen responds to a question from the news media during a press conference at the Federal Reserve in Washington, DC, USA, 16 March 2016. The press conference comes at the conclusion of a two-day meeting of the Federal Open Market Committee (FOMC), led by Fed Chair Yellen. EPA/SHAWN THEW

China cuts 2016 growth target to '6.5% to 7%'

Mar 05, 2016 - 12:24 PM

Downward pressure on the economy is growing Domestically problems and risks that have been building up over the years are becoming more evident says Premier Li Keqiang

CHINESE ECONOMY. A construction site in the central business district (CBD) of Beijing, China, January 19, 2016. File photo by Wu Hong/EPA

HSBC 2015 results disappoint amid 'seismic' economic shifts

Feb 22, 2016 - 6:00 PM

UPDATED The bank also reveals it is under investigation over its hiring practices in Asia Pacific

epa05161638 (FILE) A file picture dated 09 June 2015 shows a pedestrian walking past a HSBC bank branch in London, Britain. Multinational banking giant HSBC will keep its headquarters in London, ending deliberation of a potential plan to relocate to Hong Kong, the company announced late 14 February 2016. The bank's 19-member board voted unanimously to remain in Britain, the company said in a statement. The decision, made following a 10-month review, was seen as a victory for Britain's finance sector. 'London is one of the world's leading international financial centers and home to a large pool of highly skilled international talent. It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC,' the bank said in a statement. 'Asia remains at the heart of the Group's strategy,' the company added, noting that 'Hong Kong will play a pivotal role.' HSBC's Hong Kong-listed shares rose 3.5 percent on 15 February 2016 in early trading. EPA/ANDY RAIN

China sets 2016 growth target at 6.5-7%

Feb 04, 2016 - 2:10 PM

The world s second largest economy admits its slowdown will continue this year

epaselect epa05110096 A migrant worker and a Chinese man walk passing by a construction site in central business district (CBD) of Beijing, China, 19 January 2016. China's economy grew 6.9 percent in 2015, according to official figures released 19 January, marking the slowest growth in more than a quarter of a century. The growth missed the 7-per-cent target that the government had set for the year and is the weakest since 1990. It matched predictions of 6.9 percent by economists. EPA/WU HONG

Asia-Pacific finance ministers vow to shun competitive devaluation

Sep 12, 2015 - 9:57 AM

We will refrain from competitive devaluation and resist all forms of protectionism say APEC finance ministers in a statement

UNVEILED. APEC finance ministers unveil a marker to commemorate the Cebu Action Plan. The work of Toym Imao, the marker is a 4-meter tall sculpture of pounded brass on 4 black granite pedestals representing the plan's pillars. Photo from the Department of Finance

Philippine electronics body abandons 2015 growth target

Sep 02, 2015 - 5:33 PM

SEIPI slashes its full year growth projection due to the downturn in major market China

SLOWER GROWTH. The Philippines saw electronics export earnings in 2014 to increase by 9.02% to $61.81 billion, much higher than SEIPI's slashed 2015 growth target

5 reasons why inflation eased in Q2

Jul 24, 2015 - 1:05 PM

Adequate domestic supply slowed down price increases in most food items contributing to the continued easing of inflation in the previous quarter the central bank says

Greek crisis has no direct impact on Philippines

Jul 02, 2015 - 5:35 PM

The minimal trade and financial linkages between European economies and the country is now shielding the local economy from the Greek debt crisis says economist Romeo Bernardo

epaselect epa04623184 Greek flags are waving in front of the parliament building in Athens, Greece, 16 February 2015. A rally called through social networks took place at central Syntagma Square in Athens in support of the Greek government's negotiations at the Eurogroup meeting in Brussels. EPA/SIMELA PANTZARTZI

PSEi: Stable for rest of 2014, bullish in 2015

Aug 06, 2014 - 12:22 PM

For the balance of the year the market will remain weak but strong economic growth and slower than expected monetary tightening will buoy the market in 2015

Senators told: Protect PH growth, strengthen AMLA now

Jan 08, 2013 - 8:00 AM

Strengthening the Anti Money Laundering Act will prevent illegal transactions from disrupting the Philippine financial system according to the senator

Drama in Washington as fiscal cliff looms

Dec 31, 2012 - 8:41 AM

Leaders in deeply polarized Washington groped Sunday December 30 for a stop gap deal to avert a fiscal calamity due to strike in a matter of hours and with potential to shock markets and spark global economic turmoil

The Capitol Dome is seen through the glass in the Captitol Visitors Center on Capitol Hill, on December 27, 2012 in Washington, DC. Drew Angerer/Getty Images/AFP

Philippine markets closed November 1 to 2

Nov 01, 2012 - 8:55 AM

Financial markets in the Philippines are closed from November 1 to 2 as the nation observes All Saints Day and All Souls Day