Unemployment pulls Philippine stocks down

Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.


BOJ remains steady on monetary policy, bond markets volatility and other risks

Japan's central bank holds back on new measures to calm turbulent markets. (Photo : REUTERS) Central bankers considered the idea to extend the maximum duration of cheap, fixed-rate funds offered via market operations from one year to two years.

Dole Food Chairman offers to buy company's shares

David Murdock offered its shareholders $12 per share in cash to buy shares of the company out of his or his family's ownership.

Hyundai Rotem (South Korea) goes public

Hyundai Rotem IPO is now official. KOSPI gives the go signal for Hyundai Rotem Co's IPO. This forecasts high gains for its majority holders Hyundai Motor and Morgan Stanley.


Latest News

Indonesian stocks fall to a four-month low after the rupiah suffers a setback, falling to its lowest level in three years.
Given provisional approval, Britvic reconsiders its merger with AG Barr after significant synergies could have been generated if the previous merger between the two pushed through.
The Australian dollar fell to a three-year low due to the country's slow approval rates on home-loans.
SoftBank Corp. drove the growth of stocks in Asia led by Japan's gradual rise. (Photo : Reuters )Asian stocks declined and the euro plummeted to a three-week low against the dollar as fears of renewed recession in the United States forced investors to sell riskier assets.
The British construction company, Keller Group will be buying North American Energy Partners for its expansion in Canada.
Daniel Loeb claimed that his hedge fund owns the biggest in Sony Corp and proposed a breakup of said company.
Marfrig gets rid of it $6.1 billion debt burden, through JBS buy-out. (Photo : REUTERS)JBS employee Seara Brasil and Zenda, Marfrig's subsidiaries are sold to its rival JBS.
A US$20 billion investment is expected by Petronas for its LNG project with decisions to be finalized within this year.
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
Lululemon Chief Executive Officer Christine Day is said to depart from the retail company after recent departure of the firm's chief product officer.