UBS flags $17 billion hit from Credit Suisse takeover
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REUTERS UBS Group AG expects a financial hit of about $17 billion from thetakeover of Credit Suisse Group AG, the bank said in…
Trudeau says Canada ready to partner with South Korea on critical minerals, security
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PHILIPPINE STAR/KRIZ JOHN ROSALES SEOUL – Canadian Prime Minister Justin Trudeau said on Wednesday his country is ready to partner with South Korea…
China’s Baidu confident its AI chatbot won’t make mistakes on ‘sensitive topics’
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STOCK PHOTO | Image by Gerd Altmann from Pixabay BEIJING – Baidu Inc’s experience in tailoring its search engine to Chinese regulatory requirements makes…
Ayala poaches Credit Suisse Philippines head Uy for M&A, sources say
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Credit Suisse Group AG’s head of the Philippines Mark Robert Uy is leaving the bank and joining Ayala Corp. in August. Uy…
Q1 investment pledges hit P172.7B
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APPROVED foreign investment pledges reached P172.7 billion in the first quarter, the statistics agency said. — PHILIPPINE STAR/EDD GUMBAN By Abigail Marie…
Instead of rate cuts, BSP may reduce banks’ RRR
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The Bangko Sentral ng Pilipinas main office in Manila. MACTAN, Cebu — The Bangko Sentral ng Pilipinas (BSP) might reduce banks’ reserve…
Up to 100,000 PHL jobs may become obsolete in next 3-4 years
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REUTERS AS MANY AS 100,000 jobs in the Philippines might be at risk and could become obsolete amid “rapid global digitalization,” according…
Rising credit card usage may lead to spike in household debt
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GROSS CREDIT CARD billings surged by 47% to P410 billion in the first quarter, data from the Credit Card Association of the…
Business units drive GT Capital’s 52% profit rise
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GT CAPITAL Holdings, Inc. booked a consolidated net income of P6.64 billion in the first quarter, up 52% from P4.4 billion a…
FDC posts ‘solid recovery’ as businesses’ earnings surge
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FILINVEST Development Corp. (FDC) on Tuesday reported a surge in attributable net income to P2.2 billion in the first quarter from P874.2…