Philippines News
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Updated 50 minutes ago
Most emerging-market stocks rose, led by the Philippines, amid speculation falling deposit rates will spur demand for the nation’s equities. East European shares gained as Italy’s presidential election eased concern about political gridlock in the euro area’s third-biggest economy.
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The Philippine peso fell, halting a three-day advance, while government bonds and stocks rose on speculation the central bank will cut the interest rate on its special deposit accounts for a third time this year.
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Updated 3 hours, 20 minutes ago
Politicians have seldom talked about immigration reform and health-care costs in the same breath. With Congress debating legislation to remake the U.S. immigration system, perhaps it’s time they did.
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Updated 3 hours, 5 minutes ago
Five years after the worst economic crisis since the Great Depression, developing nations confront a nasty pair of threats: an excruciatingly slow global recovery, and the tsunami of easy money that rich-world central bankers have unleashed as they try to revive their own economies.
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Asian currencies had their best week in seven months as Japan’s monetary easing spurred inflows into the region’s assets, and China’s central bank said it would widen the yuan’s trading band.
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Al Neuharth, the free spender and practical jokester who built Gannett Co. into the largest U.S. newspaper publisher and created the country’s biggest-selling daily in USA Today, has died. He was 89.
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China’s stocks rose the most in a month after companies from Qingdao Haier Co. to Northeast Securities Co. reported higher profit and a government economist forecast growth will rebound this year.
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The Philippine peso headed for its biggest weekly advance in three months on speculation dollar supplies will counter the central bank’s moves to spur outflows.
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After spending more money on acquisitions across Asia than any domestic rival, Australia & New Zealand Banking Group Ltd. would do better for its shareholders by unraveling some of that wager.
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Asian currencies headed for their best week in seven months as Japan’s monetary easing spurred inflows into the region’s assets, and China’s central bank said it would widen the yuan’s trading band.
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