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Market fragility on show as trade war curbs optimism

Bloomberg The trade war just ratcheted up another notch and the outlook for Chinese manufacturing deteriorated further, signalling the caution that characterised a tumultuous August for global markets may have further to run. The ground is laid for a volatile start to September, exacerbated by the US Labor Day holiday on Monday crimping trading volume with Treasuries and equity markets ...

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Philippine stock index may rise to 8,450 by year-end

Bloomberg The benchmark Philippine Stock Exchange Index may rise to 8,450 by the end of 2019 with corporate earnings expected to grow faster this year and as government ramps up spending in the second half, according to Philequity Management Inc. The stock gauge will further climb to 9,125 in 2020 when earnings are estimated to increase 11 percent, according to ...

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Interjet warns of ‘technical bankruptcy’ amid tax feud

Bloomberg Mexican airline Interjet is in “technical bankruptcy” and at risk of collapse, according to its finance chief, following an order to start paying off nearly $30 million in back taxes. Interjet beat back an attempt by authorities to seize control of its bank accounts in an effort to collect nearly 550 million pesos ($27 million) in unpaid taxes dating ...

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