Local stocks up, peso down ahead of Fed meeting

The local bourse ended Tuesday with gains on bargain hunting while the peso depreciated ahead of the US central bank’s policy meeting Wednesday.

The local bourse ended Tuesday with gains on bargain hunting while the peso depreciated ahead of the US central bank’s policy meeting Wednesday.

The Malaysian tin market closed lower here on Friday, and the trading volume dropped compared with Thursday.

Hong Kong stocks closed up 0.39 percent on Friday.

The Brother Industries, Ltd. is targeting a 25 percent increase in sales by 2015.

The automotive industry sales increased by 23.3 percent to 72,988 units in the first five months of 2013 (January to May) from 59,174 sold in the same period in 2012.

The European branch of Dagong Global Credit Rating Co., Ltd., China’s domestic rating agency, officially started conducting business in Europe on Thursday after gaining authorization from the European Securities and Markets Authority (ESMA).

Hong Kong stocks closed down 2. 19 percent on Thursday, hitting a record low in eight months.

South Korean shares fell Wednesday as foreign investors kept their selling spree amid lingering concerns over slower growth of smartphone sales by Samsung Electronics.

The Department of Trade and Industry (DTI) and the Department of Foreign Affairs (DFA) through the Philippine Consulate will be promoting the Philippine business n the United States in a three-day conference.

Uruguay’s President Jose Mujica Tuesday predicted a strong growth in trade with China, one of its main trade partners.
