Nikkei ends at 13-month high on optimism over U.S., Chinese economies

January 5, 2017

TOKYO– The Nikkei index rose to a 13-month high Wednesday, the first trading day of the year in Tokyo, as solid U.S. and Chinese economic data boosted investor sentiment. The 225-issue Nikkei Stock Average ended up 479.79 points, or 2.51 percent,

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Japan’s Inpex in running for Azadegan oil field tender: Iran official

January 5, 2017

TEHRAN- Japanese firm Inpex Corp. has started intense negotiations with National Iranian Oil Co. to develop the Azadegan oil field in southwestern Iran and is a strong candidate for the tender, a high-ranking Iranian official said Tuesday. “Inpex has signed a

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Stock index gains close to 2.5 percent

January 5, 2017

Philippine stocks jumped on Wednesday in line with regional markets, with the main index soaring 2.47 percent. The Philippine Stock Exchange index closed at 7,030.95 up 169.64 points. Volume reached 1.38 billion shares valued at P7.59 billion. Foreign buying was

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Stocks recover from weak opening, peso down slightly

January 4, 2017

Stocks rallied to close slightly higher on the first trading day of the year on Tuesday. The Philippine Stock Exchange index gained 20.67 points to end at 6,861.31. It was down by 87.34 points after the trading bell ceremony signaling

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60% of major Japanese companies expect economy to grow in 2017

January 4, 2017

TOKYO– About 60 percent of major Japanese companies surveyed expect the economy to grow in 2017 on recovering consumer spending and hopes that U.S. president-elect Donald Trump’s policies will boost the U.S. economy, a Kyodo News survey showed Monday. But that

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Stocks lose ground after Wednesday’s advance

December 29, 2016

Stocks declined in midday trading on Thursday a day after the main index surged. The Philippine Stock Exchange index was down 30.78 points to lie at 6,815.66 points at the lunchtime break. Services was the only subsector which increased with

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Stocks jump, peso ends a bit lower     

December 28, 2016

Stocks surged on the penultimate day of trading on Wednesday as the main index jumped 188.24 points. The Philippine Stock Exchange index gained 2.83 percent to end at 6,846.44. Volume reached 1.03 billion shares valued at P3.45 billion from Tuesday’s

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