Stocks rose, but the Philippine peso fell to a new 17-month low of 57.78 against the US dollar Thursday as investors sought the safety of the greenback amid global concerns.
Regional currencies were generally weaker against the US dollar in recent days, with the Japanese yen falling to a three-decade low of 155 per dollar.
Investors were preparing for the release of key US inflation data Friday that could have a...
Stocks closed nearly flat Thursday on mild bargain hunting after slumping the other day as the US Federal Reserve Board signaled further interest rate...
Share prices sank Wednesday, with traders fearing the Federal Reserve’s determination to beat inflation with higher interest rates will tip the world’s top economy...
