| 10/6/2008 | Inquirer.net | Topics: Business |
| BSP seen holding rates to support growth |
MANILA, Philippines -- The Bangko Sentral ng Pilipinas, the country's central bank is expected to leave interest rates on hold Monday after a string of rises since June, signaling a shift of priorities towards protecting growth in the face of the global credit crisis.  Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Europe scrambles for rescue plans |
| BERLIN, Germany -- With Germany making a blanket guarantee to cover all of the country's savings, other European countries were under increased pressure on Monday to bolster their financial defenses. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Shares close 2.6% lower |
| MANILA, Philippines – (UPDATE) Share prices closed 2.6 percent lower Monday over worries of a global economic slowdown, dealers said. The composite index lost 66.68 points to 2,499.53, while the all shares index shed 2.6 percent to 1,574.03 points. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Oil drops almost $3 on demand worries |
| SINGAPORE – (UPDATE) World oil prices fell almost $3.00 in Asian trade Monday on demand worries as Wall Street's financial meltdown extended to Europe, triggering fears of a global slowdown, dealers said. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Bank woes in Europe spook Asian stocks |
| TOKYO, Japan -- Asian stock markets suffered another mauling in early trade Monday as doubts grew about whether a Wall Street bailout package will stem the global financial crisis, dealers said. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Cost of Asia default protection surges |
| HONG KONG -- The cost of protection against a default in Asian debt surged on Monday, especially on South Korea, as global growth concerns deepened after weak US jobs data and as the financial crisis intensified in Europe. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Unions gear for first 'decent work' day |
| PARIS, France -- Unions from more than a hundred countries will stage Tuesday the world's first "decent work" day with a series of protests and special events in response to the global financial crisis. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| RP banks' bad loans fall further in July |
| MANILA, Philippines -- Local commercial banks' non-performing loans (NPLs) in July slipped for a fifth month in a row to 3.98 percent of total loans, the lowest since the 1997/98 Asian financial crisis, the central bank said Monday. Comment ? |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Nikkei tumbles to 4-year low |
| TOKYO, Japan -- Japan's Nikkei stock average fell 3.6 percent to a four-year low on Monday as Kyocera Corp. and other high-tech shares slid, with growing fear that the financial crisis is hitting the wider economy prompting investors to dump shares. Comment ? |
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