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Fed news sends bond yields sharply lower; U.S. stocks mixed

A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, March 20, 2019. (AP Photo/Richard Drew) Damian J. Troise and Alex Veiga, The Associated Press Published Wednesday, March 20, 2019 5:23PM EDT Banks led U.S. stocks mostly lower Wednesday after …

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Furniture makers eye Asean market

By Tyrone Jasper Piad March 20, 2019 Local furniture makers are eyeing to expand their business overseas as they try to tap the growing Association of Southeast Asian Nations (Asean) market given the region’s positive economic outlook. “The forecast globally is that in the next 10 to 15 years, Asia …

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PH to host key energy events

By JORDEENE B. LAGARE March 20, 2019 THE two regional gatherings to be hosted by the Philippines will highlight the importance of the strong partnership between the government and the private sector in the attainment of the country’s energy development agenda. For the second time in the Philippine history, the …

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Value-added processing needs right policies – PNIA

By EIREENE JAIREE GOMEZ March 20, 2019 A back hoe works at a mining site in Mount Canatuan, Siocon town, Zamboanga del Norte. PHOTO BY AL JACINTO While the Philippine mining industry recognizes the benefits of putting up value-added processing plants in the country to lower production costs and raise …

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Trade data discrepancy widens

By MAYVELIN U. CARABALLO, TMT March 20, 2019 Trade data discrepancies widened last year, the Finance department said on Tuesday as it pointed to export data collection problems. In an economic bulletin, the department said a comparison of data reported in the International Monetary Fund’s Direction of Trade Statistics and …

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PSEi down ahead of policy meetings

By ANGELICA BALLESTEROS, TMT March 20, 2019 THE stock market retreated on Tuesday as investors repositioned portfolios ahead of the results of US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) policy meetings. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.38 percent or 29.61 points to close at …

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Paris joins Singapore, HK as world’s priciest cities

By AGENCE FRANCE-PRESSE March 20, 2019 SINGAPORE: Paris has climbed to the top of the world’s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey on Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone …

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