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Business Nightly - Feb 16, 2018

Business Nightly - Feb 16, 2018

U.S. shares extend gain as treasury yields fall back below 2.9-percent. Analysts expect the BSP to raise rates next month following its surprise cut to the reserve requirements of lenders. The European Chamber of Commerce plans to take in more furniture exports from Cebu City. Seven life and non-life insurers close down amid higher capital requirements.

Date
Feb 16, 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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339

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Business Nightly - Feb 16, 2018

U.S. shares extend gain as treasury yields fall back below 2.9-percent. Analysts expect the BSP to raise rates next month following its surprise cut to the reserve requirements of lenders. The European Chamber of Commerce plans to take in more furniture exports from Cebu City. Seven life and non-life insurers close down amid higher capital requirements.

Business Nightly - Feb 15, 2018

Wall Street futures signal a higher open. The BSP cuts its reserve requirement ratio by about 1 percent. The PSE ends its era at the Ayala trading floor before it moves to Bonifacio Global City. Revelers prepare to welcome the Chinese New Year.

Business Nightly - Feb 14, 2018

U.S. inflation quickens. The peso falls to its weakest level in nearly 12 years. The Metro Pacific Investments Corp. (MPIC) appeals the Philippine government’s move to set aside the court order over the Maynilad case. Ortigas and Company doubles its net income to P1.5 billion in 2017.

Business Nightly - Feb 13, 2018

Risk appetite sways in western markets as volatility persists. The PSEi closes above the 8,500 level but the peso weakens further. A “super consortium” led by seven of the country’s biggest conglomerates submits its bid to rehabilitate the NAIA. Pres. Rodrigo Duterte is again on good terms with Chinese tycoon Lucio Tan after PAL provided planes for distressed OFWs.

Business Nightly - Feb 12, 2018

Risk appetites are back as U.S. futures point to a higher open ahead of a key inflation report. Philippine investors still remain cautious as shares wobbled in this truncated work week. Chevrolet Philippines expects a banner year amid the higher excise tax on automobiles.

Business Nightly - Feb 9, 2018

U.S. stock futures are mixed minutes before trading kicks off on a volatile week that has wiped out gains for the year. Philippine shares lose all the gains racked up this year with the PSEi ending its second weekly loss. The Philippines' trade deficit widens to a record as imports outpace exports anew. The Philippines is set to lose its competitiveness versus Vietnam if investors lose incentives under the TRAIN Law.

Business Nightly - Feb 8, 2018

U.S. stock futures signal a higher open. The BSP keeps rate on hold but raises its inflation forecasts for 2018 and 2019. The so-called super consortium eyes partnership with Singapore's Changi Airports International (CAI) for its bid to rehabilitate the NAIA. Acer founder and honorary chairman Stan Shih talks about his long-term commitment in the Philippines and Southeast Asia. The Mayon Volcano spews ash and lava tonight.

Business Nightly - Feb 7, 2018

Wall Street is poised to open lower as volatility continues. All eyes are on the BSP as it holds its policy meeting on Thursday after Philippine inflation reached a three-year high. The Bangladesh Central Bank plans to sue RCBC over the $81 million cyber heist. Center for Creative Leadership CEO John Ryan gives advice to millennials on how to be successful.

Business Nightly - Feb 6, 2018

U.S. stocks set for a further drop as volatility peaks. Philippine shares turn out least affected among regional peers amid the global shake out in equity. Local inflation in January scales a three-year high. Pres. Rodrigo Duterte threatens a BIR audit on telcos that refuse to give up frequencies to allow the entry of a third telco player. OFWs in Saudi Arabia face job cuts due to Saudization policy.

Business Nightly - Feb 5, 2018

The U.S. stocks signal another leg down at the open, further denting global risk appetite. Philippine shares underperform in Asia as global stocks see their biggest sell-offs since 2016. The Philippine inflation rate in January is set to be released tomorrow, revealing the full impact of the tax reform on consumer prices. Beauty businesses are still bullish in spite of the five-percent excise tax on invasive procedures.
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