GMA Network reports P388M net income in Q1
GMA Network Inc. on Wednesday reported a net income of P388 million in the first quarter, down from last year’s P534 million.
May 16, 2012 | Posted in Business | Read More »
Archive for the Category ‘Business’
U.S. to keep decade-old anti-dumping duties on Chinese foundry coke
The United States said on Tuesday that it would continue to levy antidumping duties against foundry coke imports from China.
May 16, 2012 | Posted in Business | Read More »
S. Korea needs to boost economic vigor — finance minister
South Korea should seek to resuscitate its economic vitality and plot a policy of long-term sustainable growth to counter mounting global financial uncertainty, the top economic policymaker said Wednesday.
May 16, 2012 | Posted in Business | Read More »
Australia’s consumer confidence grows slightly in May — survey
Australia’s consumer confidence has grown slightly after the Reserve Bank of Australia (RBA) cut the cash rate by 50 basis points to 3.75 percent on May 1, a survey by Westpac Banking Corp and the Melbourne Institute of Applied Economic and Social Research showed on Wednesday.
May 16, 2012 | Posted in Business | Read More »
China yuan retreats to 6.3205 against USD Wednesday
The Chinese currency Renminbi, or the yuan, lost 95 basis points to 6.3205 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
May 16, 2012 | Posted in Business | Read More »
Budget cuts, reforms must exceed debt limit hike: U.S. House Speaker
Any increase in the U.S. public debt limit must be accompanied by spending cuts and reforms larger than the amount of the debt limit hike, U.S. House Speaker John Boehner said here on Tuesday.
May 16, 2012 | Posted in Business | Read More »
U.S. retail sales edge up 0.1% in April
U.S. retail and food services sales barely rose in April, following a stronger increase in the previous three months, the U.S. Department of Commerce reported on Tuesday.
May 16, 2012 | Posted in Business | Read More »
OECD unemployment rate stable at 8.2% in March
The unemployment rate in the OECD area remain stable at 8.2 percent in March 2012, the same level recorded since February 2011, mainly due to the result of increasing rates in some euro area countries being offset by declines in North America.
May 16, 2012 | Posted in Business | Read More »
Euro hits four-month low on Greek political uncertainties
The euro fell against the dollar on Tuesday and hit fresh four-month low as Greece failed to form new government in the final talks.
May 16, 2012 | Posted in Business | Read More »
IMF warns Sweden to face economic brake
The International Monetary Fund (IMF) warned that due to the stronger Swedish kronor, Swedish economy could face a brake this year with weak export demand and economic growth of somewhere between zero and 1 percent, local media reported on Tuesday.
May 16, 2012 | Posted in Business | Read More »
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