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Worried IMF cuts world growth forecast, warns over Brexit
WASHINGTON DC, USA – The International Monetary Fund said Tuesday, April 12, that the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe"...
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JG Summit net income rises to P22.61B in 2015
MANILA, Philippines – JG Summit Holdings, the holding firm of the Gokongwei family, saw its consolidated core net income rise by 23.9% in 2015, driven by higher income from petrochemicals, real estate,...
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Colorful 'vomit-like' Australian $5 note unveiled
SYDNEY, Australia – It may be the smallest-denominated Australian dollar banknote, but a new design for the Aus$5 bill attracted an outsized amount of criticism when it was unveiled Tuesday, April 12,...
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Al-Jazeera America signs off after less than 3 years
WASHINGTON DC, USA – Al-Jazeera America was set to sign off Tuesday, April 12, after a costly and failed effort to break into the US cable news market.The channel launched in 2013 by the global media...
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PLDT drops 'long distance,' soon to be called PLDT, Inc
MANILA, Philippines – With Viber and other over-the-top content (OTT) providers posing challenges to traditional long distance providers, soon-to-be PLDT, Incorporated – now known as Philippine Long...
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China exports rise for first time in 9 months
BEIJING, China (UPDATED) – Chinese exports surged in March, the first gain in 9 months and the latest positive data out of the world's number two economy, but analysts warned the headline figure on...
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Manila water plan draws US rep's criticism for IFC role
MANILA, Philippines – In a bustling, densely populated corner of Manila, fruit vendor Coring Gutierrez reads $35 (Php 1,611) due from her latest water bill, more than triple what her family of 6 paid...
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Salute! Italy toasts booming wine trade
VERONA, Italy – As he swirls a glass of yellowy green wine made from the trendy pecorino grape, Fabio Centini purrs with enthusiasm."I hadn't even heard of this grape 15 years ago," the Italian-born...
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PLDT targets to link 1,500 MSMEs to supply chain
MANILA, Philippines – About 1,500 local micro, small, and medium enterprises (MSMEs) will talk with Silicon Valley veterans about gearing up to be part of the global supply chain.This is the third year...
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Tokyo stocks rally as Uniqlo operator soars on price-cut news
TOKYO, Japan – Tokyo stocks rallied for a second straight session Wednesday, April 13, as clothing chain Uniqlo's parent company surged after its billionaire chairman said it would roll back price...
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OPEC warns on oil 'oversupply' ahead of crunch Doha meeting
VIENNA, Austria (UPDATED) – OPEC warned Wednesday, April 13, that the world remains awash with crude ahead of a crunch meeting in Doha between cartel members and other major producers to discuss a...
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Volkswagen top executives ready to accept 'sharp cuts' in bonuses
FRANKFURT, Germany – Volkswagen announced Wednesday, April 13, that its top executives were willing to accept "sharp reductions" in their annual bonuses as the embattled carmaker struggles to stem the...
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Rapid dev’t spurs PH home buyers’ demand for fire safety
Much like insurance, a building’s safety is often taken for granted until the need for it arises – at which point it is too late to do anything about it. Catastrophes – both natural such as...
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PAL seeks DFA's help on squabble with Kuwaiti government
MANILA, Philippines – Philippine Airlines, Incorporated (PAL) sought the help of the Department of Foreign Affairs (DFA) to resolve disagreements with the Kuwaiti government after it blocked the...
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FamilyMart PH operator's net income declines in 2015
MANILA, Philippines – Facing a more competitive environment, the country's largest specialty store retailer SSI Group, Incorporated saw its net income for 2015 slide by 18.8% to P810.7 million ($17.52...
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Singapore eases monetary policy as growth stalls
SINGAPORE – Singapore announced a shock loosening of monetary policy Thursday, April 14, to kickstart the stuttering economy, as it forecast a slower growth outlook this year and analysts warned of a...
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PH 'hot money' hits net inflow of $482M in March
MANILA, Philippines – Transactions of foreign portfolio investments hit a net inflow of $482 million in March 2016, improving on the net inflow of $58 million in February and showing a dramatic...
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San Miguel Corp forms new company for MRT7
MANILA, Philippines – Diversified conglomerate San Miguel Corporation (SMC) has formed SMC Mass Rail Transit 7 (MRT7) Incorporated, a P10-billion ($216.47-million) company that will hold its...
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Top chipmaker TSMC's first-quarter profit plunges
TAIPEI, Taiwan – Top chipmaker Taiwan Semiconductor Manufacturing on Thursday, April 14, reported a plunge in quarterly profits after a powerful earthquake delayed shipments, and slashed its outlook...
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China GDP growth slows to 6.7% in 1st quarter – gov't
BEIJING, China (UPDATED) – China's economy grew 6.7% in the 3 months of 2016, slowest quarterly expansion in 7 years, the government said Friday, April 15, but indicators for March improved. The figure...
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