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LONDON: The euro dived on Monday to a new 11.5-year low against the dollar as the European Central Bank (ECB) kicked off its radical 1.1-trillion-euro ($1.2-trillion) bond-buying program, known as quantitative easing. Sentiment was also weighed down by concerns over Greece, with Athens due to present its reform plans to…

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TOKYO: Japan’s economy grew less than initially thought in the final quarter of 2014, revised government data showed on Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world’s…

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SINGAPORE: Oil prices fell in Asia on Monday, pressed by a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) dipped 11 cents to $49.50 a barrel while Brent shed 33 cents to…

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HONG KONG: Asian markets mostly retreated Monday after a strong US jobs report increased expectations the Federal Reserve will hike interest rates soon, while Tokyo took a hit from data showing Japan’s economy grew slower than first thought in the last quarter of 2014. The euro struggled at 12-year lows…


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IN a seminar presented at the University of Asia and the Pacific last week, officials from local government units were told they may soon receive a P600-billion windfall in overdue Internal Revenue Allotment (IRA) payments from the national government, if the Supreme Court rules favorably in a suit brought by…

MOODY’S ANALYTICS ESTIMATES:

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Manufacturing in January likely accelerated to 8.1 percent from 7.5 percent recorded in December and 4.4 percent in January 2014, given buoyant global and domestic demand, a unit of Moody’s Investors Service said in its latest weekly report. The Philippine Statistics Authority (PSA) is expected to release the official January…

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The five Leyte lawmakers and 10 other members of the House of Representatives have asked President Benigno Aquino 3rd to declare the whole country in a state of emergency in light of the catastrophe brought by Super Typhoon Yolanda (international name: Haiyan). Leyte lawmakers Martin Romualdez, Sergio Apostol, Lucy Gomez,…

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Philippine authorities were sure they had done enough to prevent mass casualties from Super Typhoon Yolanda (international name: Haiyan), but with 10,000 people now feared dead experts say parts of the country may be helpless against relentless storms. The Southeast Asian nation endures seemingly never-ending natural disasters, many of them…

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THE Makati city government has pledged P10-million relief assistance for the areas largely hit by super typhoon Yolanda (international name: Haiyan) in the Visayas region. Mayor Jejomar Erwin Binay of Makati City said he already asked the City Council to immediately approve the said amount. “We are convening the City…

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A migrant workers group on Monday called on the officials of Philippine embassy in Riyadh, Saudi Arabia to check if Filipinos were among injured in riots between illegal migrants and Saudi authorities. Citing police reports, the Saudi Press Agency (SPA) reported that riots have ensued last week involving illegal migrants…

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A MONTH to go before the Yuletide, the Commission on Audit (COA) has seemingly sent a warning to government officials when it ordered a government-controlled company to almost P3 million of Christmas bonuses. In the decision of the COA en banc, the top three auditors denied with finality the petition…