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PH to be affected by US default

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Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr.: Positive for global markets. FILE PHOTO

The global economy faces dire consequences rivaling the effects of the 2007 global financial crisis if the US government fails to raise its debt ceiling and default on some of its loans by the Oct. 17 deadline.

Posted: October 7th, 2013 in Editor's Pick,Headlines | Read More »

Global stocks jittery after US government shutdown

A woman walks past a screen showing the world stock index at Hong Kong Stock Exchange in Hong Kong, Wednesday, Oct. 2, 2013. The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region's two largest economies China and India and jitters over plans to scale back U.S. stimulus that destabilized financial markets. AP

Global stocks remained jittery Wednesday on fears that a partial shutdown of the U.S. government could undermine the country’s fragile economic recovery.

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

A year after bailout fears, Spain wins back investors

AP FILE PHOTO

Cast as the sick man of the eurozone a year ago, Spain seems at last to be luring back investors despite lingering threats to its recovery.

Posted: September 22nd, 2013 in Latest Business Stories | Read More »

Eurozone recession end is cold comfort for Greece

An elderly man carries shopping bags at Athens' central fruit and vegetable market, on Tuesday, Aug. 13, 2013. Greece is beating its budget targets by a wide margin so far this year, a sign the country's painful cost cuts and tax increases, combined with international bailout funds, are paying off. AP

Europe’s recession is over, thanks to second-quarter growth in big countries Germany and France and an improvement in some of the smaller ones that have been hit hard by the financial crisis. But the pain is not over as many still have mountains of public debt to pay off and record unemployment. It’s also uncertain how long a recovery can be sustained.

Posted: August 14th, 2013 in Latest Business Stories | Read More »

Barclays to sell shares to boost capital position

Britain Barclay's

Barclays plans to sell 5.8 billion pounds ($8.9 billion) in new shares to bolster its balance sheet amid new regulatory requirements meant to prevent a repeat of the 2008 financial crisis.

Posted: July 30th, 2013 in Latest Business Stories | Read More »

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