Manila News
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The Philippine peso was headed for its biggest weekly loss in nine months on speculation an improving U.S. economy will prompt the Federal Reserve to rein in monetary stimulus. Bonds and stocks declined.
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Emerging-market stocks tumbled the most in 10 months and currencies depreciated as disappointing Chinese manufacturing data and speculation the Federal Reserve will scale back stimulus cut demand for riskier assets.
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The Philippine peso dropped the most since 2010 on speculation an improving U.S. economy will prompt the Federal Reserve to scale back asset purchases that have spurred fund flows into emerging markets. Bonds and stocks fell.
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Taiwan fishing boat captain Hung Yu- chi says he was at the helm in quiet seas on the last morning of a six-day trip when he noticed a black dot on the horizon.
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The Philippine Stock Exchange Inc. agreed with the nation’s bankers association and Singapore Exchange Ltd. to pursue a combination of the country’s equities and bonds exchanges.
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Teams from the Philippines and Taiwan met today as each side investigates the death of a Taiwanese fisherman that led to a ban on new work applications for Filipinos seeking jobs on the island.
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The Philippine central bank will further limit access to special deposit accounts, stepping up efforts to curb inflows and reduce costs of managing liquidity.
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Philippine President Benigno Aquino won control of the 24-member Senate in mid-term elections, giving him a political boost as he starts the process of choosing his successor.
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Philippine Stock Exchange President Hans Sicat, who has been elected for a third term, said the bourse will focus in the next 12 months on introducing new products to boost trading in one of Asia’s smallest markets.
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Philippine stocks fell the most among Asian emerging markets, extending a decline from a record, after valuations surged and on speculation first-quarter economic growth will weaken.
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