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Business Nightly - Sep 25, 2017

Business Nightly - Sep 25, 2017

Wall Street opens the trading week in the red as investors react to U.S. Pres. Donald Trump's tax plans. European markets trade mixed as investors closely watch ECB chief Mario Draghi's speech before lawmakers in Brussels. The Japanese yen falls after Prime Minister Shinzo Abe unveils a stimulus package and calls for a snap election. The PSEi falls two days in a row after breaching the 8,300 mark. Thousand of commuters are stranded as transport groups begin their two-day strike.

Date
Sep 25, 2017
About The Show
Business Nightly is the ABS-CBN News Channel's main business news platform. Anchored by ANC's Business News Head Coco Alcuaz, it carries stories on the economy, the stock market, the top companies in the Philippines, personal finance and global business. It also carries interviews with the movers and shakers of the Philippine business community. Business Nightly airs weeknights, from 9:00pm to 9:30pm.
Genre
News, Current Affairs
Views
408

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Business Nightly - Sep 25, 2017

Wall Street opens the trading week in the red as investors react to U.S. Pres. Donald Trump's tax plans. European markets trade mixed as investors closely watch ECB chief Mario Draghi's speech before lawmakers in Brussels. The Japanese yen falls after Prime Minister Shinzo Abe unveils a stimulus package and calls for a snap election. The PSEi falls two days in a row after breaching the 8,300 mark. Thousand of commuters are stranded as transport groups begin their two-day strike.

Business Nightly - Sep 22, 2017

British Prime Minister Theresa May gives her keynote speech on "Brexit" in Florence, Italy, leaving several European stocks mixed. Wall Street opens lower as North Korea threatens to test a hydrogen bomb in the Pacific Ocean. PSEi hits intra-day high of 8,311, but settles above 8,200. Finance Sec. Sonny Dominguez says the government aims to implement its first tax reform package by January 2018. Seniors citizens and PWDs can now avail of 20 percent discount for domestic flights booked online.

Business Nightly - Sep 21, 2017

China’s credit rating suffers a cut for the first time since 1999. The Chinese yuan falls to its weakest in three weeks since the U.S. Fed signaled it will raise rate again this year. DICT Sec. Rodolfo Salalima resigns from his position. Grab Philippines country manager Brian Cu says the company lost money when their rival Uber Philippines was suspended. U.S. Pres. Donald Trump says they will impose new sanctions on North Korea.

Business Nightly - Sep 20, 2017

U.S. stocks trade mixed as the dollar falls before the Fed’s policy decision. The tax reform package advances in the Senate as the Ways and Means Committee sponsors it. The Philippines’ balance of payment (BOP) posts a deficit in August in four straight months. Toys R Us is set to remain open in the Philippines even as its U.S. operations filed for bankruptcy protection.

Business Nightly - Sep 19, 2017

U.S. Pres. Donald Trump delivers his first speech before the UN General Assembly as world leaders seek a diplomatic solution to the North Korean crisis. The U.S. dollar falls, while Wall Street opens mixed on Tuesday as U.S. Federal Reserve officials begin their two-day policy meeting. The PSEi caps the "ghost month" with its best gains in three years. Travellers International aims to soft open Resort World Manila phase 3 expansion by December. The AMLC clarifies that they cannot launch a probe on any controversial bank accounts without probable cause and predicate crime.

Business Nightly - Sep 18, 2017

U.S. Pres. Donald Trump hosts the UN Reform Conference in New York. Wall Street hits record highs ahead of the Federal Open Market Committee policy meeting. PSEi scales new heights as it rallies beyond the 8,200 mark. The DOE releases a list of gas stations that sell the cheapest fuel in the metro. The NTC bares its plan to draft new rules on paperless billing.

Business Nightly - Sep 15, 2017

An explosion hits an underground train at Parsons Green station in West London. PSEi finishes with a new record high. Wall Street opens mixed amid the unexpected drop in retail sales in August. The Philippine balance of payments position swings to a surplus of $289 million in the second quarter, from a deficit of $994 million in the first quarter of 2017. ALU-TUCP says minimum wage earners in Metro Manila may not feel the P21 wage increase.

Business Nightly - Sep 14, 2017

Pyongyang ignites the rhetoric anew, threatening to use a nuclear weapon to sink Japan and reduce the U.S. to ashes and darkness. U.S. and European markets fall as the rally in oil prices continues. The British pound jumps after the Bank of England signaled a rate increase in the coming months. Philippine shares near bull market territory, rising nearly 20 percent from its April 2016 high. Foreign investors demand the Duterte administration to comply with human rights rules.

Business Nightly - Sep 13, 2017

Global oil demands rise this year by the most since 2015 as crude oil prices extend gains. The Standard Chartered Bank hikes its 2018 inflation forecast for the Philippines to 3.2 percent due to higher gas prices. The Aboitiz Group talks about the impact of the weakening Philippine peso, the proposed tax reform, and its regional expansion plans at its annual media party.

Business Nightly - Sep 12, 2017

Tropical Depression Maring sends heavy rains in Metro Manila and parts of Luzon, leaving at least five people dead and thousands others stranded. Apple is set to unveil iPhone X, iPhone 8, and iPhone 8 Plus. Inclement weather forces the suspension of trading at the PSE. Poor weather may delay repairs to submarine cables. French economist Thierry Apoteker says the Philippines is not yet ready for ASEAN integration due to poor connectivity.
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