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TOKYO: The dollar strengthened against the euro and yen in Asia on Monday, in line with a regional equities rally after a surge on Wall Street at the end of last week. In Tokyo afternoon trading, the greenback bought 107.26 yen against 106.78 yen in New York, and sharply higher…

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LONDON: The British economy will slow down sharply next year due to political uncertainty and a potential referendum on membership of the EU, a leading forecaster said on Monday. In an autumn forecast released after a turbulent week on world markets, EY ITEM Club said gross domestic product growth would…

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Two comments made over the weekend by leaders of important global organizations should give the rest of us reasons to be gravely concerned about the ongoing Ebola epidemic. Late Friday, Jim Yong Kim, the current head of the World Bank, warned: “We are losing the battle” against Ebola and that,…

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Thursday can either be a boon or a bane depending on the worker. It could simply mean having one more day of work before a much-awaited weekend or could also mean having to suffer another 24 hours of gloom and dread in front of the computer, customers and clients. We…


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THE Monetary Board of the central bank has decided to raise the minimum capital requirements for banks to comply with Basel 3 regulations and further strengthen the financial system. The Bangko Sentral ng Pilipinas (BSP) said in a statement on Monday that under the new regulations, the minimum capital level…

BSP CONFIDENT OF ANTI-INFLATION, MOPPING-UP MEASURES

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The central bank is optimistic that growth in the country’s money supply will continue to moderate, averting a worsening of inflation in the months ahead as the recent series of monetary policy actions take effect in mopping off excess liquidity from the financial system. “We can say at this point…

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Immigration (BI) agents arrested a Briton wanted by federal authorities in the US for manufacturing, importing and exporting marijuana. Immigration Officer-in-Charge Siegfred Mison said Gypsy Nirvana, 53, was arrested last August 27 at the Subic freeport in Olongapo and was taken to the Immigration detention center in Bicutan, Taguig City.…

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President Barack Obama said the United States was weighing “limited, narrow” action against Syria, as UN inspectors left the country Saturday and opened a window into a possible strike. Obama emphasized he had made no “final decision” on unleashing military strikes against Bashar al-Assad’s regime, but gave his clearest indication…

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Two men were shot and killed Friday afternoon in a drug deal that went awry in a suburban village in Bayugan City, Agusan del Sur, police said Saturday. Police identified the victims as Kheddy Joy Algabre, 27, and Dawndi Tubo, 22, both from Bayugan. The gunman was identified only as “Tintin.” Algabre…

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An earthquake hit a remote mountainous part of southwest China on Saturday near the popular tourist area of Shangri-La, triggering landslides that killed at least one person, state media said. The 5.8 magnitude quake, which stuck at 0004 GMT, was centred on Benzilan town in Yunnan province on the border…

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KIDAPAWAN CITY: Two soldiers were wounded when an improvised bomb exploded Friday morning in a barangay in Midsayap town, North Cotabato. Military officials identified the wounded soldiers as Staff Sergeants Rudolfo Ubugan and Remond Sapun, both from Charlie Company of the Army’s 40th Infantry Battalion. The two were fetching water…

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Good weather condition is expected to prevail in most parts of the country except in Northern Luzon as a potential cyclone moves closer to extreme Northern Luzon, the state weather forecaster said on Saturday. Pagasa said that as of 4 a.m., the low-pressure area (LPA) was estimated at 980 km…