Philippines News
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Updated 38 minutes ago
Oil fell in New York and headed for the first weekly decline in four after Saudi Arabia denied a reported pipeline explosion in its Eastern province.
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Updated 31 minutes ago
Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.
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Philippine bonds fell on speculation the central bank will refrain from cutting interest rates amid concern costlier oil will stoke inflation. The peso gained.
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Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses, and prices are as of 9:50 a.m. in Manila.
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The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of yesterday’s close.
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Hyundai Motor Co. Chairman Chung Mong Koo crosses the stage for his New Year’s address, his heels clicking as 600 employees wait in silence.
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Sugar fell to a one-week low on signs of ample supplies from Brazil, the world’s largest producer. Cocoa rose, while coffee dropped.
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