Tag: chief market strategist

  • Philippine Peso Falls as Spain Concern Mounts

    The Philippine peso snapped a three- week loss after Moody’s Investors Service raised the nation’s credit-rating outlook to positive and first-quarter economic growth beat analysts’ estimates. The move by Moody’s on May 29 increases chances the country will be upgraded from Ba2, two levels below investment grade. The economy grew 6.4 percent in the three […]

  • Recession looming back again

    U.S. stocks sank the most in two weeks, almost erasing the 2011 gain for the Standard & Poor’s 500 Index, and the euro slid the most in more than a month amid rising concern that Greece will default and evidence that the American economy is slowing. Treasuries rallied. The S&P 500 fell 1.7 percent to […]