Bidding to Rehabilitate Export and Industry Bank
The Philippine Deposit Insurance Corp. announced Tuesday preparations for the bidding to rehabilitate the closed Export and Industry Bank is on track and proceeding smoothly. It said the bidding for the bank’s rehabilitation is on Oct. 18, 2012, at the PDIC Office in Ayala Avenue, Makati City. PDIC launched the rehabilitation process after strategic third [...]
Philippine Stock Exchange index (PSEi) Improves Today
By Joann Santiago The Philippine Stock Exchange index (PSEi) rose to 5,120.07 points Friday, up 10.64 points or 0.21 percent from the previous day’s 5,109.43 points. The all shares index, on the other hand, contracted by 0.13 percent or 4.34 points to 3,376.60 points from Thursday’s 3,380.94 points. Most of the sectoral indices, including the [...]
Price of Dubai Crude Oil
Independent oil player Phoenix Petroleum Inc. sees international prices of crude oil to go up, reaching US$ 100 per barrel this year. Phoenix president and chief executive Dennis A. Uy, said there were indications that price trends in the international market would go up. But he said the increase in global prices should not be [...]
Oil prices slipped slightly as the U.S. dollar rebounded
Oil prices slipped slightly as the U.S. dollar rebounded against major currencies on Monday. Crude futures initially rose to near 83.50 U.S. dollars a barrel in early trading session but fell below 82.66 dollars through mid-day trading as the dollar strengthened, despite a strike at a key French oil port continued for the third week. [...]
Vietnam Stock Exchange: Latest Update on Vietnam Stock Market
The indices on both of Vietnam’s stock exchanges closed slightly higher yesterday after the publication of economic growth figures. Gross domestic product (GDP) was reported to have risen 6.52 per cent during the first nine months of the year. Growth was even more robust in major cities, reported at 11.2 per cent in HCM City [...]
Stock markets in the Gulf Cooperation Council
Stock markets in the Gulf Cooperation Council (GCC) failed to sustain positive momentum they gained in the first week of February, keeping down or unchanged due to global bearish sentiment. The Dubai Financial Market (DFM) Index fell Sunday by 1.95 percent and ended at 1,630.81 points. Some 124.75 million shares changed hands on the first [...]
Dow Jones Update After US Credit Rating Downgrade
The blue-chip Dow Jones Industrial Average tumbled below the psychological level of 11,000 Monday afternoon, dropping 4.58 percent, or 524.49 points, to 10,968.97 as investors lost their confidence. After downgrading the U.S. debt, credit ratings agency Standard & Poor’s slashed its ratings of Fannie Mae and Freddie Mac due to the two companies’ close ties [...]
Standard Model of Finance – Showing the Shareholder Value Criterion
A Simple Application of the Standard Model – Showing the Shareholder Value Criterion We have shown how the Standard Model of Finance came into existence, as each of its pillars appeared and achieved widespread success. Now we can look at a business decision and see how the Standard Model guides corporate financial managers to the [...]
Stock Market Today – Oil Price Affects U.S. Stocks
U.S. stocks ended lower on Monday as surging oil prices continued to weigh heavily on Wall Street. About three stocks rose for every one that fell on the New York stock exchange, while on Nasdaq seven stocks rose for every two that fell. The blue-chip Dow Jones industrial average dropped 79.85 points, or 0.66 percent, [...]