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Stock markets shrug off US government shutdown fears

NEW YORK, United States – Global stock markets mostly rose on Monday, shrugging off concerns about a looming US government shutdown as markets eyed key budget talks set for Monday afternoon. Following a mostly positive round of trading in Europe and Asia, Wall Street’s main indices finished modestly higher. US President Donald Trump was expected

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PNB to bolster core business with exit from Bahrain

MANILA, Philippines — Philippine National Bank’s (PNB) move to let go of its Bahrain operations and dissolve two of its units would allow it to cut costs and focus on expanding its core business, according to an analyst. Ron Acoba, chief investment strategist at Trading Edge Consultancy, told the Inquirer PNB could still serve its

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Safeguard duty on cement won’t raise prices, say firms

MANILA, Philippines — The proposed safeguard duty on cement imports is unlikely to raise prices but instead help safeguard the local industry against unfair competition, an industry group said. “The measure is needed to give local manufacturers a fair chance to compete against foreign suppliers that enjoy government support,” the Cement Manufacturers Association of the

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PVL: Petro Gazz, Lindsey Vander Weide run it back

MANILA, Philippines — Lindsey Vander Weide is coming back to the PVL to lead the Petro Gazz Angels in the 2025 Reinforced Conference starting on October 7. The Angels on Sunday welcomed back Vander Weide, who steered them to their second Reinforced title and won the Finals MVP and Best Foreign Guest Player three years

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Mika Immonen, world pool champion, dies at 52

MANILA, Philippines–Mika Immonen, the Finnish pool player who won two world championships, died on Monday after a bout with cancer. He was 52. Tributes from Matchroom Sport and fellow cue artists poured in for Immonen, winner of the 2001 World Pool Championship and the 2009 World 10-Ball Championship. READ: Mika Immonen-Norris upends Reyes-Bustamante in MP

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