| 9/8/2008 | Inquirer.net | Topics: Business |
| Asian stocks soar on US mortgage bailout |
| TOKYO, Japan -- Asian stock markets surged Monday as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiraling global financial crisis, dealers said. |
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| 9/8/2008 | Inquirer.net | Topics: Business |
| (UPDATE) Shares close little changed |
| MANILA, Philippines -- Share prices closed little changed Monday as investors locked in early gains sparked by the US government's bailout of two ailing American mortgage giants, dealers said. |
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| 9/8/2008 | Inquirer.net | Topics: Business |
| OPEC set to keep output steady, wants high price |
| VIENNA, Austria – Members of the Organization of Petroleum Exporting Countries (OPEC) could rein in excess supply to shore up oil prices, still above $100 a barrel, but they are expected to leave agreed output targets unchanged at their meeting on Tuesday. |
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| 9/7/2008 | Inquirer.net | Topics: Business |
| BSP OKs transfer of $400-M Napocor debt |
| THE BANGKO SENTRAL NG PILIPINAS approved last week the transfer of about $400 million worth of liabilities of state-owned National Power Corp. to Power Sector Assets and Liabilities Management Corp., as part of ongoing structural reforms in the power sector. |
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| 9/7/2008 | Inquirer.net | Topics: Business |
| Japan rating firm keeps positive outlook on RP |
| JAPANESE CREDIT WATCHDOG Rating and Investments Information maintained an investment grade with “positive” outlook on Philippine sovereign debt, citing the government’s pursuit of “appropriate” efforts to expand infrastructure investment while continuing measures to reduce fiscal deficits. |
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| 9/6/2008 | Inquirer.net | Topics: Business |
| MPIC drops ethanol deal |
| MANILA, Philippines—Metro Pacific Investments Corp. (MPIC) has dropped a plan to invest in a P6-billion ethanol project of Basic Energy Corp. |
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| 9/6/2008 | Inquirer.net | Topics: Business |
| US senator urges new approach to Asia trade policy |
| WASHINGTON -- The United States must rethink its trade policy toward China and the rest of the Asia-Pacific region and adopt new models for negotiating trade deals, a senior Democratic senator said on Friday. |
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| 9/6/2008 | Inquirer.net | Topics: Business |
| Dow, S&P end higher on financials, are down for the week |
| NEW YORK — The broader US stock market ended its worst week since May with modest gains on Friday, as a rally in financial stocks helped the market reverse earlier steep losses after a government report showed further deterioration in the US labor market. |
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