Philippine stocks are expected to trade sideways with a downward bias this week following the hawkish stance by the US Federal Reserve and as the peso stays above the 58 against the US dollar level.
Online brokerage firm 2TradeAsia.com said lingering concerns on the macroeconomic environment due to inflation risks and further delay in interest rate cuts are big factors causing market volatility.
“The PSEi remains range-bound around the 6,400...
Lepanto Consolidated Mining Co. said Friday it plans to raise up to P2.02 billion from a stock rights offering to fund exploration projects.
Lepanto said...
Stocks sank Thursday along with the rest of Asia after minutes from the Federal Reserve’s latest policy meeting indicated it is preparing to aggressively...
Global equities sank Wednesday and oil prices retreated as Federal Reserve meeting minutes added to expectations for aggressive central bank monetary tightening.
Several US Federal...
