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G7 warns over global economy as currency row flares
SENDAI, Japan – G7 finance ministers on Saturday, May 21, voiced concern about the sputtering global economy as they looked for a plan to stoke growth, while a currency policy clash overshadowed their...
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Apple, Google locked in battle for supremacy
SAN FRANCISCO, USA – At the top of the corporate world, Apple and Google are in a back-and-forth battle to be number one.It's not clear which of the two Silicon Valley giants will emerge on top in a...
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Cebu airport operator sees net income surge by 55%
MANILA, Philippines – Megawide Construction Corporation saw its net income for the first quarter the year jump by 55% compared to the same period last year, thanks to strong earnings from construction...
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PH metal production drops as world ore prices decrease
MANILA, Philippines – The country's metal production dropped by 23% to P108.21 billion last year – an exact reversal of the growth enjoyed in 2014 – dragged by the downward trend in world ore...
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DPWH post: Can Mark Villar rise above business interests?
MANILA, Philippines – Shares in Vista Land & Lifescapes, Incorporated rose 5.18% on May 17, 2016 – the day its founder's son Mark Villar accepted president-elect Rodrigo Duterte's offer to become...
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Purisima, Dominguez prepare for DOF transition
MANILA, Philippines – Finance Secretary Cesar Purisima met with his successor Carlos Dominguez on Friday, May 20, seeking to implement a smooth transition of power on June 30.The Department of Finance...
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Economists maintain 2016 growth projections despite strong start
MANILA, Philippines – The Philippine economy flew out of the gates in 2016, but despite the strong start, analysts aren't getting carried away with their projections.Data released by the government on...
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Bayer targets Monsanto in biggest-ever German takeover bid
BERLIN, Germany (3rd UPDATE) – German drugs and chemicals giant Bayer said Monday, May 23, it had offered $62 billion for US agriculture group Monsanto as it seeks to create the world's biggest...
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Obama confident Trans-Pacific Partnership can be ratified in US
HANOI, Vietnam – US President Barack Obama said Monday, May 23, he remained confident the Trans-Pacific Partnership (TPP) trade deal would be ratified in the United States despite strong political...
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VietJet to buy 100 Boeing aircraft for $11.3B
HANOI, Vietnam – Vietnamese budget airline VietJet, famed for its bikini-clad air hostesses, has agreed to buy 100 passenger jets from US aircraft maker Boeing for $11.3 billion, the airline said...
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Apple suppliers, Taiwan stocks boosted on iPhone 7 reports
TAIPEI, Taiwan – Taipei-listed Apple suppliers got a boost Monday, May 23, after a report the smartphone maker has placed a bullish order for its iPhone 7 series, telling suppliers to kickstart...
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Toy 'arms race' turning Lego violent – study
WELLINGTON, New Zealand – Lego products are becoming increasingly violent as toymakers engage in an "arms race" to retain children's attention in the digital age, New Zealand researchers said Monday,...
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IMF: Greece needs 'unconditional' debt relief from EU creditors
WASHINGTON, USA – A new International Monetary Fund (IMF) report on Greece's financial situation said the country needs unconditional debt relief from European Union creditors over the long term to...
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Spotify breaks $2 billion in revenue but still in red
STOCKHOLM, Sweden – Streaming leader Spotify said Monday, May 23, that its losses deepened last year even as the company topped $2 billion in revenue amid the global boom in online music.The Swedish...
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ABS-CBN unit, Western Union form strategic alliance
MANILA, Philippines – A unit of ABS-CBN Corporation inked a 3-month contract with New York Stock Exchange-listed The Western Union Company for a promotion seen to attract new customers and retain the...
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National ID to benefit unemployed, unbanked Filipinos
MANILA, Philippines – Digital innovation could be the key to getting every Filipino banked, but the country needs to set up the proper infrastructure before that could happen, according to experts...
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Half of Filipinos splurge on food during payday – Lazada poll
MANILA, Philippines – A new survey released by e-commerce giant Lazada on Tuesday, May 24, showed that food is king once payday rolls around.An online survey of 345 respondents by Lazada Market...
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Okada's Philippine casino on track for 2016 opening
MANILA, Philippines – Tiger Resort Leisure and Entertainment, Incorporated of Japanese billionaire Kazuo Okada is on track to open its $2.7-billion integrated entertainment and gaming center at the...
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Monsanto: $62B Bayer bid too low, but open to talks
NEW YORK, USA – US agribusiness giant Monsanto Co. rejected Tuesday, May 24, the $62 billion takeover bid by Germany's Bayer AG as too low, but said it was willing to entertain further talks on a...
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London's City finance hub braces for possible Brexit
LONDON, United Kingdom – With one month to go before Britain's vital in-out EU referendum, London's City finance district is busily planning ahead for a potential "Brexit."Big City firms, many of which...
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