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Bourse dips on weak foreign leads

By TYRONE JASPER C. PIAD August 16, 2019 The stock market fell on Thursday as investors digested the weak economic data from China and Germany. The bellwether Philippine Stock Exchange index dropped to as low as 7,624 in intraday trading before closing at 7,828.86, 0.38 percent or 29.79 points lower …

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Lopez Holdings H1 income hits P14.1B

By TYRONE JASPER C. PIAD August 16, 2019 LISTED Lopez Holdings Corp. saw its consolidated net income in the first half of 2019 soar to P14.12 billion on the back of the robust performance of its renewable energy (RE) and media units. In a regulatory filing on Thursday, the holding …

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State agencies’ budget utilization rises in Jan-July

By MAYVELIN U. CARABALLO, TMT August 16, 2019 THE budget utilization of government agencies has improved in the first seven months of 2019, the Department of Budget and Management (DBM) reported on Thursday. Pedestrians pass by the Department of Budget and Management building in Manila in this file photo. PHOTO …

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OFW remittances fall to 9-mo low in June

By MAYVELIN U. CARABALLO, TMT August 16, 2019 MONEY sent home by overseas Filipino workers (OFWs) dropped to a nine-month low in June, data from the Bangko Sentral ng Pilipinas (BSP) showed on Thursday. A man counts dollar bills inside a money changer in Manila. PHOTO BY J. GERARD SEGUIA …

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Cathay Pacific CEO resigns after Beijing pressure

FILE – In this March 15, 2017, file photo, from right, Cathay Pacific Chief Operating Officer Rupert Hogg, Chairman John Slosar and Chief Executive Ivan Chu attend a news conference as they announce the company result in Hong Kong. (AP Photo/Kin Cheung, File) The Associated Press Published Friday, August 16, …

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London Stock Exchange trade resumes after delay

A man walks past London’s Stock Exchange, on Friday, May 21, 2010. (AP / Lefteris Pitarakis) The Associated Press Published Friday, August 16, 2019 4:27AM EDT Last Updated Friday, August 16, 2019 5:10AM EDT LONDON — The London Stock Exchange resumed trading Friday after a "services issue" delayed regular activity …

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Google employees call for pledge not to work with ICE

The Google logo is seen at the Google headquarters in Brussels, in March 2010. (AP / Virginia Mayo) Rachel Lerman, The Associated Press Published Friday, August 16, 2019 2:56AM EDT SAN FRANCISCO — Hundreds of Google employees are calling on the company to pledge it won’t work with U.S. Customs …

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Global shares mostly rise despite U.S.-China trade worries

Yuri Kageyama, The Associated Press Published Friday, August 16, 2019 12:30AM EDT Last Updated Friday, August 16, 2019 5:11AM EDT TOKYO — Global shares were mostly higher Friday, although turbulence continued on global markets amid ongoing worries about the U.S.-China trade conflict. France’s CAC 40 rose 0.7% in early trading …

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U.S. stocks end turbulent week with broad gains

Stan Choe And Alex Veiga, The Associated Press Published Friday, August 16, 2019 12:30AM EDT Last Updated Friday, August 16, 2019 5:31PM EDT You’re not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a …

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