RPT-UPDATE 2-Weak exports, spending drag Philippine Q1 growth to 6-year low MANILA, May 28- Philippine economic growth unexpectedly slowed to a six-year low in the first quarter, but the central bank said it would not ease policy as consumer and public spending were set to pick up. Still, economists doubted Manila's 7-8 percent growth target for the full year could be met without additional interest rate cuts or a sharp increase in fiscal...
| By: Karen Lema
Blocked in China, Twitter still courts Chinese firms for ads SHANGHAI, May 26- Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. The San Francisco- based company already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group, white goods producer Qingdao Haier and flag carrier...
| By: Sue-Lin Wong
SAFT ON WEALTH-Corporate bond funds + illiquidity = risk May 20- Corporate bond fund investors react badly, if intelligently, to losing money which may mean some bond funds run into and also cause trouble when a selloff in illiquid markets starts. Given two trends- one towards lower bond market liquidity and and other of surging investment in corporate bond funds- this could end up being a big story.
| By: Jim Saft
UPDATE 1-Paulson & Co gold stakes mostly flat in 1st qtr NEW YORK, May 15- Hedge fund Paulson& Co kept its stakes unchanged in most of its gold investments in the first quarter, when the precious metal's price pared its gains, a filing with the U.S. Securities and Exchange Commission showed on Friday. The New York- based fund, led by longtime gold bull John Paulson, kept his shares in SPDR Gold Trust, the world's largest...
| By: Marcy Nicholson
Malaysia's first-quarter GDP up 5.6% Malaysia's economy grew at a slightly faster than expected 5.6 percent in the first quarter, as investment in the private sector picked up pace, its central bank said on Friday.
Cramer's game plan for the week ahead Mad Money host Jim Cramer looks ahead to market moving events, earnings and data set to take place next week, including quarterly numbers from Actavis, Zillow, Macy's and more.