re are news stories and press reports which may influence local financial markets on Thursday:
WHAT IS HAPPENING TODAY IN THE PHILIPPINES:
- Philippine Long Distance Telephone Co holds press briefing and teleconference on its nine-months financial and operating results, PLDT mezzanine, Ramon Cojuangco Building, 1:00 p.m. [0700 GMT]
- Bureau of Customs and Department of Justice hold joint press conference on latest smuggling case, DOJ head office, Manila, 2:00 p.m. [0600 GMT]
- First Metro Investments Corp holds investors' briefing for its 5-year fixed rate corporate bond offer, Rizal Ballroom, Makati Shangri-La Hotel, 11:30 a.m [0330 GMT]
REUTERS NEWS - PHILIPPINES > Meralco Q3 profit up 24 pct, lifts guidance > WNS acquires partner's stake in Philippines JV > PLDT to issue fixed-rate notes on Nov 8 > Manila: No need to use foreign debt allocation > Philippine inflation may have picked up in Oct > Ayala power project gets $210 mln funding
LOCAL PRESS REPORTS
(Reuters has not verified these stories)
- East Asia Power Resources Corp , the backdoor listing vehicle of Century Properties Inc, said it had obtained regulatory approval to adjust its capital stock level and amend its articles of incorporation ahead of the planned takeover. (BUSINESSWORLD)
- Chinatrust (Philippines) Commercial Bank Corp said its January to September net income declined by 16 percent from a year earlier to 63.29 million pesos ($1.5 million) on lower net interest income. (BUSINESSWORLD)
- Philex Mining Corp said it was planning to meet local officials of Zamboanga del Norte to discuss a newly imposed ban on open pit mining in the province, which could jeopardise its copper-gold exploration project. (BUSINESSWORLD)
- Citigroup said it was upbeat on consumer and infrastructure stocks in the Philippines, with Energy Development Corp , Metro Pacific Investments Corp , Ayala Land Inc , Banco de Oro Unibank Inc and Alliance Global Group Inc as its top picks. (PHILIPPINE DAILY INQUIRER)
- Singapore-based Tiger Airways Holdings Ltd and the Philippines' Southeast Asian Airlines have amended their marketing agreement in a bid to lift a Civil Aeronautics Board order prohibiting the two low-cost carriers from mounting flights in Davao and Cebu, CAB deputy executive director Porvenir Porciuncula said. (MANILA TIMES)
MARKET NEWS > South East Asia stocks rebound > Global stocks, euro rise but Greece worries linger > Oil mixed weighing Europe woes, Fed outlook > Euro subdued as ECB meeting, G20 Summit loom > Gold rises after Fed sees stronger Q3; EU eyed
---------------- MARKET SNAPSHOT AT 0009 GMT -----------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1237.90 1.61 19.62 USD/JPY 78.09 0.06 0.05 US 10YR 1.99 -0.09 0.00 SPOT GOLD 1735.09 -0.15 -2.61 US CRUDE 92.05 -0.50 -0.46 DOW JONES 11836.04 1.53 178.08 ASIA ADRS 119.50 1.31 1.55 FTSE 100 5484.10 1.15 62.53 --------------------------------------------------------------
($1 = 42.8 pesos) Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China.....
OTHER MARKETS: Wall Street........... Gold....... Currency. Eurostocks........... Oil......... JP bonds.. ADR Report.......... LME metals.. US bonds.. Stocks News US... Stocks News Europe..
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LIVE PRICES & DATA: Philippine stocks Philippine peso Philippine debt Debt <0#USBMK=> World Stocks <0#.INDEX> Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 LME price overview (Reporting by Manila Newsroom)
