Section: The Philippine Daily Inquirer (Philippines)
PSEi surges above 7,000
MANILA, Philippines–The local stock barometer surged to a new high for the year on Tuesday, firming up above 7,000, on follow-through buying related to the MSCI rebalancing alongside a favorable regional backdrop. The Philippine Stock Exchange index racked up 55.17 points or 0.79 percent to close at 7,082.75, setting a new peak for 2014....
Remains of Malaysian MH17 victims to be flown home
KUALA LUMPUR, Malaysia — Malaysia’s defense minister says the remains of at least 16 people killed when a jetliner was shot down over Ukraine last month will be returned to Malaysia this week. All 298 people onboard died when Malaysia Airlines Flight 17 was shot down July 17. It was heading to Kuala Lumpur from Amsterdam and was shot...
US stocks rebound as Ukraine fears ease; Dow up 1.1%
NEW YORK–US stocks rebounded Monday from last week’s Ukraine-linked setback as fears of a clash with Russia ebbed, with the Dow surging 1.1 percent and Nasdaq reaching a 14-year high. Markets also got a spark from a brewing bidding war over the discount retail sector by the three “Dollar” chains. The Dow Jones Industrial...
Asian shares higher but Russia-Ukraine tensions weigh
HONG KONG–Asian shares mostly rose Monday but gains were capped by the latest tensions between Russia and Ukraine, despite some progress cited in the “difficult” negotiations between the two sides. Also weighing on sentiment was a report showing China’s foreign direct investment slumped to a two-year low, adding to a...
Ukrainian fighter plane shot down by pro-Russia rebels
Pro-Russiarebels shot down a Ukrainian fighter jet on Monday, before Kiev and Moscow’s top diplomats were due to hold urgent talks to defuse tensions over fighting in the east of the ex-Soviet nation. Ukraine’s military said its MiG-29 warplane had been shot down as it carried out “an assignment to eliminate a large group of...
Filipino crewmen stranded on ship ask for ‘humanitarian parole’
LOS ANGELES, California — Filipino crew members aboard a 700-foot freighter are asking for “humanitarian parole” from the US Customs and Border Protection after being stuck for over four months on a shop anchored in the Delaware River. The ship is manned by 17 Filipinos (not 18 as previously reportec), aged 23 to 54, two...
Malaysia Airlines steward ‘sexually assaulted’ passenger
KUALA LUMPUR—A Malaysia Airlines cabin crew member has been detained in France over allegations that he sexually assaulted a passenger who was scared of flying with the disaster-prone airline. The case, involving the chief steward of a Paris-bound flight, is the latest setback for the struggling national carrier, which was struck by twin...
Ukraine vows to block Russian ‘aid’ convoy heading for border
Moscow—A convoy of 262 Russian trucks rolled toward the Ukrainian border on Tuesday as Kiev vowed to block the aid mission from its territory over fears it was a ploy to bolster pro-Kremlin rebels. The convoy of what Russia says is humanitarian aid has sparked fears of an escalation in a conflict that has left hundreds dead in eastern...
US stocks finish higher amid global equity rally
NEW YORK–US stocks Monday finished higher, capping a sunny day for global markets in a rally that gained force from a more optimistic perception of conflicts in Ukraine and Iraq. The Dow Jones Industrial Average rose 16.05 points (0.10 percent) at 16,569.98. The broad-based S&P 500 gained 5.33 (0.28 percent) to 1,936.92, while the...
Asian markets rebound as Iraq fears wane
HONG KONG–Asian markets rose Monday following widespread falls last week, after Wall Street shrugged off fears over instability in Iraq and Ukraine. Tokyo rebounded 2.38 percent, closing up 352.15 points at 15,130.52 and making up much of the 2.98 percent dip it suffered Friday after US President Barack Obama’s announcement that he...
