Markets
Buffett’s Berkshire to buy OxyChem for USD9.7B
Berkshire Hathaway has struck a deal to acquire OxyChem, the chemical division of Occidental Petroleum, in an all-cash transaction worth USD9.7 billion, subject to customary adjustments.
US market, gold gain despite government shutdown, job losses
Major U.S. markets shrugged off a federal government shutdown and weaker labor data on Wednesday, with equities and gold both pushing higher.
Safeguard duty seen as lifeline for local cement industry
The proposed safeguard duty on imported cement is drawing strong support from industry and business groups, who claim it will not trigger price hikes but is essential to protecting the local cement industry and jobs.
T-Bill yields fall further amid easing prospect
Philippine Treasury bill yields slipped further at Monday’s auction, as investor sentiment remained buoyed by the Bangko Sentral ng Pilipinas’ recent policy rate cut and growing expectations of more easing ahead.
Intel shares rally on Apple investment talks
Intel shares surged 6.4 percent on Wednesday, closing at USD31.22, following a report from Bloomberg News that the chipmaker has initiated early-stage talks with Apple about a potential investment and closer collaboration.
