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Business Nightly - Jun 18, 2018

Business Nightly - Jun 18, 2018

U.S. stocks open lower amid festering trade concerns. The biggest foreign fund outflows since 2008 hit emerging Asian markets. NEDA Sec. Ernesto Pernia remains unfazed by the Philippine peso’s depreciation. Fuel prices are set to increase this week. PDIC president Roberto Tan encourages rural banks to merge in order to strengthen their financial position and expand their client base.

Date
Jun 18, 2018
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
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164

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Business Nightly - Jun 18, 2018

U.S. stocks open lower amid festering trade concerns. The biggest foreign fund outflows since 2008 hit emerging Asian markets. NEDA Sec. Ernesto Pernia remains unfazed by the Philippine peso’s depreciation. Fuel prices are set to increase this week. PDIC president Roberto Tan encourages rural banks to merge in order to strengthen their financial position and expand their client base.

Business Nightly - Jun 15, 2018

U.S. stocks and treasury yields fall after U.S. Pres. Donald Trump approved the import tariffs on $50-billion worth of Chinese goods. China threatens to respond with its own tariff against the U.S. DTI Sec. Ramon Lopez says the looming U.S.-China trade war will not heavily affect the Philippines. The government vows to roll out fuel subsidies beginning next month amid the rising costs of petroleum products. Some 700 senior citizens in Pampanga receive their Unconditional Cash Transfer (UCT) grants.

Business Nightly - Jun 14, 2018

The ECB decides to end its bond buying program by the end of the year. U.S. stocks open higher as the U.S. Fed hints at more interest rate hikes this year. The Philippine peso extends declines to a fresh 12-year low. Local corporations grapple with higher costs as the peso stays weak and interest rates rise. The CA upholds the Quezon City RTC’s 2017 ruling favoring Maynilad in a rate hike arbitration case.

Business Nightly - Jun 13, 2018

Wall Street opens cautiously higher as another U.S. Federal Reserve rate hike looms. The Philippine peso sinks to a new 12-year low. "Dissecting Data" presents statistics on cash remittances growth and Philippine trade. "Outside Looking In" assesses the Philippines' level of competitiveness vis-à-vis its ASEAN neighbors as an investment destination. The 2018 FIFA World Cup is expected to bring $2.4 billion to the global advertising market.

Business Nightly - Jun 12, 2018

U.S. Treasury yields rise after U.S. Pres. Donald Trump and North Korean leader Kim Jong-un pledged their commitment to denuclearize during their meeting in Singapore. Investors pivot to U.S. inflation in May as it registers its fastest increase in six years. Philippine markets play catch-up when training resumes tomorrow following the celebration of the Philippine Independence Day. Eager job seekers try their luck in the Independence Day job and business fair in Luneta. The DOTr authorizes the LTFRB to fully regulate the fares and rates of ride-hailing services.

Business Nightly - Jun 11, 2018

U.S. stocks trade sideways as investors await U.S. Pres. Donald Trump and North Korean leader Kim Jong-un’s summit in Singapore. The Philippine peso plunges to a new 12-year low of P52.95 to $1. Cemex Holdings Philippines Inc. expands its capacity at its Luzon plant following a P3-billion upgrade. Foreign direct investments (FDIs) in the Philippines rise anew in March on robust economic prospects U.S. State Secretary Mike Pompeo says the U.S. is eager to see Pyongyang’s sincerity to denuclearize.

Business Nightly - Jun 8, 2018

European Council president Donald Tusk and European Commission president Jean-Claude Juncker hold a joint press briefing at the G7 Leaders' Summit in Quebec, Canada. U.S. Pres. Donald Trump calls for Russia to be reinstated into the G7. Wall Street opens lower on Friday as global stocks lose momentum. The Philippine trade deficit widens to a four-month high in April as the growth in electronics exports slows down. Filipino consumers remain optimistic on expectations of a better economy despite rising inflation according to the BSP's Consumer Expectations Survey (CES) for the second quarter of 2018.

Business Nightly - Jun 7, 2018

U.S. Pres. Donald Trump faces mounting pressure over trade differences at the upcoming G7 summit in Canada. China’s ZTE pays a $1-billion fine after allegedly violating U.S. sanctions. The Philippines’ foreign investment pledges drop in the first quarter of the year. Continental Temic Electronics Philippines plans to hire more Filipinos amid the strong demand for autonomous vehicles. Globe Telecom is set to bring 5G technology to the Philippines in the second quarter of 2019.

Business Nightly - Jun 6, 2018

U.S. stocks rally, while Treasuries fall as investors' worries over trade ease. Mexico bets on the Philippines as its "door" to the ASEAN. The BSP vows to be prudent, rather than be swayed by the implied policy move of elevated inflation. Pres. Rodrigo Duterte names Emilio Aquino as the new SEC chief.

Business Nightly - Jun 5, 2018

Global crude oil prices extend declines with Brent Crude falling to its lowest in more than a month. Philippine inflation picks up at its fastest pace in more than five years. The PSA reveals that more Filipinos found jobs this year, but the number of people looking for additional work also increased. Pres. Rodrigo Duterte returns to the Philippines with billions of dollars in pledges from South Korea for infrastructure projects. Fitch Ratings says the Philippines’ strong economy can absorb the higher inflation.
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