TODAY'S BUSINESS HEADLINES

Investor caution tempers PH stock market rebound 21-Oct-14, 4:56 PM | Krista Angela M. Montealegre, InterAksyon.com

Early turnover of LRT2 maintenance contract pushed to minimize political risks 21-Oct-14, 4:48 PM | Darwin G. Amojelar, InterAksyon.com

Energy department's worst-case scenario for summer: 3-4 hours long brownouts 21-Oct-14, 4:31 PM | Euan Paulo C. Añonuevo, InterAksyon.com

First-half profit of listed companies grow by a tenth 21-Oct-14, 3:11 PM | Krista Angela M. Montealegre, InterAksyon.com

Bangko Sentral casts cautious glance at consumer loans 12:15 pm | Krista Angela M. Montealegre, InterAksyon.com Despite the rapid increase, consumer loans still comprise a small portion of banks' overall portfolio.

FACTBOX | Is businessman Antonio Tiu merely a \ FACTBOX | Is businessman Antonio Tiu merely a 'dummy' for the VP? 11:44 am | Krista Angela M. Montealegre, InterAksyon.com As the Senate begins grilling the alleged "dummy" owner of the Vice President's landholdings, the question arises as to whether Antonio Tiu is no businessman…

EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels 11:22 am | Reuters The penalties were imposed for various offenses, including rate-rigging and breaking trade sanctions.

Lucio Tan to acquire minority shares in PAL at a discount Lucio Tan to acquire minority shares in PAL at a discount 11:01 am | Darwin G. Amojelar, InterAksyon.com The tender offer was priced at P1.19 a share, for a 78-percent discount to yesterday's closing price of P5.31 apiece.

Asian shares bask in glow of U.S. tech earnings Asian shares bask in glow of U.S. tech earnings 10:27 am | Reuters Leading the charge on Wall Street last night were Apple and Texas Instruments following stronger-than-expected earnings.

Bangko Sentral requires \ Bangko Sentral requires 'too-big-to-fail' banks to put in more capital 5:57 pm | InterAksyon.com Their common equity tier 1 ratios would be increased by 1.5-3.5 percentage points.

Philippine exporters a step closer to greater access to EU market Philippine exporters a step closer to greater access to EU market 5:48 pm | Darwin G. Amojelar, InterAksyon.com The Council of the European Union last week posed no objection to the Philippines' inclusion in the GSP Plus.

US urges air bag repairs as Toyota expands recall 5:30 pm | Agence France-Presse US urges air bag repairs as Toyota expands recallUS authorities on Monday urged owners of vehicles with potentially deadly defective Takata air bags to seek repairs as Toyota recalled about 247,000 vehicles over the parts flaw.

Three-year Treasury rate falls amid easing inflation 5:20 pm | Rain Castro, InterAksyon.com Three-year Treasury rate falls amid easing inflationThe Bureau of Treasury raised P25 billion as programmed, even though banks were willing to lend double that amount.

Investor caution tempers PH stock market rebound 4:56 pm | Krista Angela M. Montealegre, InterAksyon.com Investor caution tempers PH stock market reboundWeighing on sentiment were weak economic data from China and concern over the direction of monetary policy when the BSP meets on Thursday.

Early turnover of LRT2 maintenance contract pushed to minimize political risks 4:48 pm | Darwin G. Amojelar, InterAksyon.com Early turnover of LRT2 maintenance contract pushed to minimize political risksThe political risk stems from a change in administration since under the original timetable, the contract would be awarded only in the second quarter of 2016, an election year.

Energy department's worst-case scenario for summer: 3-4 hours long brownouts 4:31 pm | Euan Paulo C. Añonuevo, InterAksyon.com Energy department\The DOE's forecast is based on a worst-case scenario of power plant outages because of technical problems.

Slight hike in forecast for third-quarter rice harvest 4:02 pm | Orti Despuez, InterAksyon.com Slight hike in forecast for third-quarter rice harvestDespite the improvement, output would still be 10 percent lower year-on-year.

Contractors sought for improvment of 5 airports, 2 seaports 3:44 pm | Darwin G. Amojelar, InterAksyon.com The seven projects, which fall under DOTC, have a combined cost of P150 million.

First-half profit of listed companies grow by a tenth 3:11 pm | Krista Angela M. Montealegre, InterAksyon.com First-half profit of listed companies grow by a tenthPSEi member-companies' combined earnings, which comprise 71 percent of the total, rose by as much.

Ayala sets dividend rate of preferred share sale 2:09 pm | Krista Angela M. Montealegre, InterAksyon.com Ayala sets dividend rate of preferred share saleThe preferred shares will carry a dividend rate of 5.575 percent a year and will accumulate if not paid as scheduled.

Phoenix Semiconductor expects brisk IPO at below-ceiling offer price 1:41 pm | Krista Angela M. Montealegre, InterAksyon.com Phoenix Semiconductor expects brisk IPO at below-ceiling offer priceAccording to underwriter BDO Capital, demand was brisk at the P2.82-3.13 range, or below the P3.76 ceiling.

Robinsons Land to spend same amount for capex in 2015 11:33 am | Krista Angela M. Montealegre, InterAksyon.com Robinsons Land to spend same amount for capex in 2015The Gokongwei-owned property developer is spending P16 billion this year.

China posts slowest growth since global crisis, more stimulus expected 11:09 am | Reuters China posts slowest growth since global crisis, more stimulus expectedThird-quarter GDP growth was above analyst forecasts but slower than the second-quarter figure.

CEO of French oil giant Total killed in Moscow plane crash 10:53 am | Anna Malpas, Agence France-Presse CEO of French oil giant Total killed in Moscow plane crashThe CEO of French oil company Total, Christophe de Margerie died in a plane crash at a Moscow airport after his private jet struck a snow plough on takeoff.

Asian shares crawl higher on China GDP relief 9:26 am | Reuters Asian shares crawl higher on China GDP relief(UPDATED 11:19 a.m.) MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

Cosco to build community mall in Marikina 9:10 am | Krista Angela M. Montealegre, InterAksyon.com Cosco to build community mall in MarikinaUnit Ellimac Prime Holdings acquired a 7,168-square meter lot from Rotonda Development Corp.

Maybank ATRKE Securities remains 'overweight' on Philippine stocks 8:34 am | InterAksyon.com Maybank ATRKE Securities remains \The brokerage said its two model portfolios beat the PSEi as of October 17.