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Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
BSP to keep policy stance unchanged
Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»
BSP seen to keep rates unchanged
The Bangko Sentral ng Pilipinas is likely to leave rates unchanged anew this week as it remains on a hawkish stance despite easing inflation......»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Market succumbs to profit-taking anew
The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
48ºC heat index hounds Aparri, Cagayan – Pagasa
MANILA, Philippines — A scorching 48ºC heat index hounded Aparri, Cagayan on Tuesday while 30 other areas / locations likewise experienced a dangerous heat index, according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Pagasa defines heat index as a measure of the contribution that high humidity makes with abnormally high temperatures in reducing the body’s.....»»
Heat index in Puerto Princesa City reaches 46ºC
MANILA, Philippines — A dangerous peak heat index of 46ºC (degrees Celsius) hounded Puerto Princesa City, Palawan on Monday, while 26 other areas / locations likewise logged a heat index within the danger category, according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Pagasa said heat index refers to the measure of the contribution that.....»»
6 areas hit dangerous heat index hits on Monday
MANILA, Philippines — Six areas experienced a dangerous peak heat index on Monday according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Based on Pagasa’s latest computed heat index as of 5:00 p.m., Dagupan City, Pangasinan and Bacnotan, La Union both had a 44ºC (degrees Celsius) heat index. Meanwhile, Sinait, Ilocos Sur, Puerto.....»»
SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
Stocks slip on profit-taking
The stock market fell for a second consecutive session yesterday as investors stayed mostly on the sidelines ahead of the release of the country’s gross domestic product......»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
Duterte has stopped taking fentanyl before becoming President — Panelo
MANILA, Philippines — Former President Rodrigo Duterte stopped taking Fentanyl even before his election as the chief executive of the country in 2016, according to his then chief legal counsel, Salvador Panelo. President Ferdinand R. Marcos Jr. on Monday alleged that the former president is taking fentanyl. In a text message to INQUIRER.net, Panelo reiterated.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 31
TOKYO -- Tokyo stocks closed higher on Wednesday, as investors took an optimistic attitude for the domestic earnings season over positive results reported by Japanese firms. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 220.85 points, or 0.61 percent, from Tuesday to close the day at 36,286.71. The broader Topix index, meanwhile, finished 24.17 points, or 0.96 percent,.....»»
BSP seen defending peso at below 58:$1
The peso has been a “clear laggard” among Asian currencies against the dollar recently, which may prompt the Bangko Sentral ng Pilipinas (BSP) to defend the local unit and keep it below the 58 to $1 level, according to British banking giant HSBC.....»»