China cuts borrowing rate more than expected to revive housing sector
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REUTERS SHANGHAI, May — China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction…
Yellen says G7 to give Ukraine funds it needs ‘to get through this’
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REUTERS KOENIGSWINTER, Germany — US Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial…
‘Retail apocalypse’: Wall Street shaken by inflation-induced earnings hits
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CORPORATE.WALMART.COM NEW YORK — Walmart, Target, and Kohl’s were among major retailers that reported earnings this week that missed Wall Street expectations…
BSP sees reform continuity, solid growth this year
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PHILIPPINE STAR/ MICHAEL VARCAS The Philippine central bank chief said on Friday president-elect Ferdinand “Bongbong” R. Marcos, Jr., is better placed than…
IMF’s Georgieva says finance leaders must prepare for more inflation shocks
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KOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become…
TikTok plans big push into gaming, conducting tests in Vietnam – sources
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HONG KONG/HANOI — TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans…
BoP swings to deficit in April
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BW FILE PHOTO By Luz Wendy T. Noble, Reporter The country’s balance of payment (BoP) posted a deficit in April as the…
Bespoke and boutique: A new kind of home for the elite
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When Jardin Wong, Jillian Sze, and Miguel Tan approached WTA Architecture and Design Studio with their idea for their first project as…
BSP hikes rates for 1st time since 2018
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A vendor arranges vegetables at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE Bangko Sentral ng Pilipinas (BSP)…
NPL ratio eases to three-month low
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BW FILE PHOTO SOURED LOANS held by Philippine banks declined in March, bringing the nonperforming loan (NPL) ratio to its lowest in…