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Tuesday, September 30, 2008 |
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Stock markets slump
anew
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GLOBAL stock markets tumbled on Monday, despite a breakthrough Wall
Street bailout deal, as the ongoing financial crisis forced the
state rescue of two key European banks.
Asian and European equities
suffered fresh losses as the tentative US agreement to rid the
financial sector of toxic mortgage-related assets gave only a
short-lived boost to sentiment.
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Story>>
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US crisis claims
two EU financial giants
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TWO European financial giants succumbed to the weight
of the global credit crisis, forcing their respective governments to
bail them out.
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Benchmark interest
rates ease on bailout news
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PHILIPPINE benchmark interest rates slipped on Monday
as a result of the market’s optimism that the US Congress would
approve a bill aimed at bailing out troubled American financial
institutions.
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Peso nears
47-to-a-dollar amid rising risk aversion
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THE peso slipped closer to the 47-to-a-dollar level
Monday on continued risk aversion as the US credit crisis hit two
European financial giants even as the American legislature drew
closer to a deal aimed...
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AIG may put
Philamlife on the auction block
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THE world’s biggest insurance company, American
International Group (AIG), may sell its Philippine unit, according
to the chairman of Philippine American Life and General Insurance
Co. (Philamlife).
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Oil falls after US
bailout agreement
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SINGAPORE: World oil prices fell in Asian trade
Monday after US policy makers outlined a $700 billion government
bailout of the financial sector, dealers said.
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ATN Holdings may
face trading suspension
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TRADING of the stock of ATN Holdings Inc. will be
suspended for a month should the Philippine Stock Exchange (PSE)
confirm allegations of insider trading.
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Nido, partner move
to second oil well
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NIDO Petroleum Ltd. and Kairiki Energy Ltd. are set
to drill another exploration well in their service contract (SC) in
offshore Northwest Palawan Basin after an initial well drilled by
the joint venture yielded oil
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Joint venture eyes
geothermal field
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BILIRAN Geothermal Inc. (BGI) will commence with the
exploration of geothermal resources in the Eastern Visayas region
next month.
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TeaM Energy touts
CSR project
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THE consortium of Tokyo Electric Power Co. and
Marubeni Corp said it completed what it claims to be the
Philippines’ biggest corporate social responsibility (CSR) program
by electrifying thousands of villages across the country.
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Managing For Society
By Dennis L. Berino
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Systems loss and
good citizenship
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One of the most controversial issues raised against Meralco is the
determination of the Systems Loss Charge as this is passed on to the
consumers. System Loss Charge represents recovery of the cost of
power lost due to technical...
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Story>>
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