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Oil falls below $82 on profit taking SINGAPORE – Oil tumbled below $82 a barrel in Asian trade Thursday as investors took profits from a price surge that followed data showing stronger US energy demand.


RP stocks firm up on US trading, local economic data (UPDATE) Local stocks inched up closer to the year's high on Thursday, consolidating recent gains alongside an upbeat trading in Wall Street and some favorable domestic economic data.


PDEx OKs listing of P10B Robinsons land bonds The Philippine Dealing and Exchange Corp. (PDEx), the country's fixed-income exchange, has approved the listing of P10 billion bonds issued late last year by the Gokongweis' property development arm Robinsons Land Corp.


Asian markets mixed despite China exports data HONG KONG – Chinese inflation data showing a sharp jump in prices put investors in a cautious mood Wednesday while contrasting economic figures from the US and Japan left Asian stocks mixed.


US lawyers seek billions from Toyota for value loss CHICAGO – US lawyers are seeking billions of dollars from Toyota to compensate the millions of people who saw the value of their vehicles drop in the wake of a series of mass safety recalls.


Metrobank 2009 profit up 36.8% Metropolitan Bank and Trust Co. grew its 2009 net profit by 36.8 percent to P6 billion over a year ago on a double-digit growth in interest income as well as fee-based and treasury earnings.


Shale technology boom spurs revolution in gas market HOUSTON – A gas market revolution is brewing as extraction technologies on underground rock boost production in North America, where reserves are now seen supplying more than a century of demand.


Aboitiz taking 100% control of City Savings Bank in Cebu Upbeat on prospects on retail banking, the Aboitiz group is raising its stake in Cebu-based thrift bank City Savings Bank (CSB) to attain full control by buying out other shareholders.


Oil prices rally as US fuel reserves slide NEW YORK—Oil prices climbed Wednesday on declining fuel stockpiles in the United States, indicating strengthening demand in the world's top energy consumer.


Wall Street up on wholesale data NEW YORK—Wall Street stocks drifted higher Wednesday after government data showed a drop in wholesale inventories and rising sales, lifting hopes of economic recovery and improvement in the job market.