Thriller in Manila

Article Abstract:

The head of the Securities and Exchange Commission of the Philippines, Perfecto Yasay, is retiring, while a financial scandal has led to a drop in Philippine stock prices and deterred foreign investors. Stock exchange investigators claim that businessman, Dante Tan, has acquired stocks in BW Resources and not declared this, and planning a merger between BW and one of his own firms, as well as faking transactions with stockbrokers to push up BW stock volumes. There was pressure on investigators not to go too deeply into the issue.

Financial services industry, Financial services, Investigations, Philippines

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It's a toss up: Russia's stockmarket

Article Abstract:

The Russian stock market has risen on speculation that Boris Yeltsin will win re-election in June 1996. 1996 may prove to be the Russian stock market's best year yet, with prices rising 50-80%. If communist party candidate Gennady Zyugavov wins, the market is expected to drop precipitously.

Economic aspects, Economic policy, Political aspects, Elections, Russia, Yeltsin, Boris, Zyuganov, Gennadi

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Cliffhanger on Wall Street

Article Abstract:

The US stock market plunged on Oct 27, 1997, in the wake of bad international economic news. The Dow Jones Industrial Average plummeted by 554 points in a single day. Investors are watching to see if the downward spiral continues.

Cover Story, Statistics, Dow Jones Industrial Average (Index)

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