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.

People who travel to foreign countries get in a comfort zone when they see a Bank of America or Wells Fargo when they need to exchange currency or conduct other financial business.

The eurozone trade surplus reached 14.9 billion euros (19.9 billion U.S. dollars) in April, the European Union’s (EU) statistics bureau Eurostat said on Monday.

The peso closed sideways against the dollar Monday ahead of the Federal Open Market Committee (FOMC) meeting Wednesday.

The the Department of Environment and Natural Resources (DENR) today said they will forgo the burning of the the seized elephant trunks in response to an appeal made by an environmental group.

U.S. President Barack Obama arrived in Belfast, Northern Ireland Monday morning ahead of the two-day 39th summit of G8 leaders.
Philippine Consul General Ma. Hellen Barber De La Vega together with international trade experts spoke at the Riverside County World Trade & Investment Summit 2013 held at the Diamond Club, Diamond Drive, Lake Elsinore, California on 6 June 2013.

The peso seconded the rise in Wall Street resulting to a major strengthening to the 42-level Friday.

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.
