Stock News | Business News Headlines – Yahoo! Philippines News

N. Korea test-fires another short-range missile

Sun, 19 May 2013 17:38:03 +0800

North Korea on Sunday test-fired a short-range missile off its east coast, its fourth in two days, despite pleas from South Korea and the UN chief to halt the launches at a time of high tensions.

Weak yen helps drive Japan earnings, but no cure-all

Sun, 19 May 2013 13:41:55 +0800

Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, some commentators warn, the drop is not all good news.

PSEi flat after record highs

Sun, 19 May 2013 03:45:25 +0800

The Philippine Stock Exchange index managed to post only a 0.2 percent or 17.5 point increase compared to last week as investors took profits after the benchmark breached the 7,400 level on the back of strong corporate earnings and a relatively peaceful elections.

Yahoo! sets event amid Tumblr talk

Sat, 18 May 2013 23:08:57 +0800

Yahoo! scheduled a news conference Monday amid reports it was in talks on with the popular blogging platform Tumblr about an acquisition or strategic alliance.

NOL posts profit from building sale

Sat, 18 May 2013 05:08:58 +0800

Neptune Orient Lines Ltd. (NOL), Southeast Asia's biggest container-shipping company, posted a profit in the first quarter, helped by gains from selling its headquarters and lower fuel costs.

Bill Gates regains world richest lead

Sat, 18 May 2013 05:08:58 +0800

Washington (dpa) - Microsoft co-founder Bill Gates has regained the title of world's richest person with a fortune valued at $72.7 billion on Bloomberg's billionaire index, Bloomberg news service reported.

Anchor land profit up 13%, sets P5B capex

Sat, 18 May 2013 05:08:41 +0800

Niche property developer Anchor Land Holdings, Inc. reported a 13 percent growth in consolidated net income to P295.4 million in the first quarter of 2013 from the P262.24 million recorded during the same period last year.

Tableau Software shares close up 64 percent in market debut

Sat, 18 May 2013 04:15:59 +0800

By Neha Dimri (Reuters) - Shares of Tableau Software Inc rose as much as 68 percent in their trading debut as investors expect the rising interest in big data to power the data analysis software maker's growth. Tableau Software shares closed up nearly 64 percent at $50.75 on the New York Exchange on Friday. Tableau's revenue has jumped more than 800 percent to $127.7 million since 2008 as more companies use data analysis tools to manage efficiency and gauge customer preference. ...

Samsung announces ‘Google' version of the Galaxy SIV

Sat, 18 May 2013 03:20:55 +0800

Samsung has yet another variation of its latest flagship smartphone, the Galaxy SIV, on the way.

Japan PM pledges to slash red tape for growth

Fri, 17 May 2013 21:51:26 +0800

Japan's premier said Friday he would slash red tape in a bid to boost corporate investment as he seeks to capitalise on the feel-good mood of a soaraway stock market and a plunging yen.

SE Asia Stocks-Thai index up on MSCI; Singapore Airlines weak after results

Fri, 17 May 2013 18:22:23 +0800

BANGKOK, May 17 (Reuters) - Thai shares gained on Friday,led by gains in Shin Corp and Minor International that will be added to the MSCI index, but Singaporeretreated as Singapore Airlines fell after postingweak results. The Thai SET index ended up 0.62 percent at 1,627.96as shares in telecom group Shin Corp and hotel firm MinorInternational both rose more than 7 percent. ...

Malaysia's UMW may raise $1 bn in energy unit IPO

Fri, 17 May 2013 18:05:40 +0800

Malaysia's UMW Holdings Bhd plans to sell 39 percent of its oil and gas unit in an initial public offering this year that could raise up to $1 billion, a source said Friday.

EM ASIA FX-Sing dlr set for worst week in a year; Fed exit talk weighs

Fri, 17 May 2013 14:56:47 +0800

* Sing dlr near 10-mth low on stop-loss selling, hedge funds * Rupiah at 3-1/2 mth low; fuel price policy worries intact (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, May 17 (Reuters) - The Singapore dollar hit anear 10-month low on Friday after soft exports data, and is setto suffer its worst week in a year - leading weekly declines inemerging Asian currencies. The U.S. dollar rose on remarks by a regional FederalReserve president envisaging an impending scale-back and then aan end to bond-buying stimulus measures. The Singapore currency fell 0.5 percent to 1.2578 to theU.S. ...

Pertamina seeks operations in Oman

Fri, 17 May 2013 12:00:01 +0800

Jakarta (The Jakarta Post/ANN) - State-owned oil firm PT Pertamina is seeking an opportunity to operate in Oman and is currently in the middle of negotiations to purchase an oil and gas blocks in the country, the firm's CEO says.

Singapore Airlines shares fall on Q4 earnings, tough outlook

Fri, 17 May 2013 09:10:19 +0800

SINGAPORE, May 17 (Reuters) - Shares of Singapore AirlinesLtd (SIA) fell as much as 3 percent after Asia'ssecond-largest carrier reported weaker-than-expected full-yearresults and warned of a tough outlook amid competition from Gulfcarriers and low-cost regional rivals. SIA shares fell as low as S$11.11 on Friday, the weakestlevel since May 7. SIA said on Thursday net income rose nearly 13 percent toS$379 million ($304 million) for the year to March 31, below anaverage forecast of S$409.6 million, according to ThomsonReuters StarMine SmartEstimates. The fourth-quarter profit of S$68. ...