Category Archives: finance

Stocks rise on US rate cut hopes, strong company earnings

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NEW YORK, United States — Stocks mostly rose and the dollar retreated Wednesday on hopes for further US interest rate cuts and a solid set of company earnings. Gold surged to a new high above $4,200 an ounce. This was boosted also by a fresh flare-up in China-US tensions. The dollar was weighed down by warnings Continue reading Stocks rise on US rate cut hopes, strong company earnings→

Remittances to the Philippines grew at a faster 3.2% in August

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MANILA, Philippines — Remittances from overseas Filipinos grew at a faster clip in August, reflecting their resilience amid global headwinds, and likely to remain strong through year’s end as the early onset of the holiday season in the Philippines encourages expatriates to send more money home. Cash remittances coursed through banks rose by 3.2 percent Continue reading Remittances to the Philippines grew at a faster 3.2% in August→

Power transmission rates dip in October billing

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MANILA, Philippines — Electricity transmission rates will slightly drop in October’s electricity billing, according to the National Grid Corp. of the Philippines (NGCP). In a media briefing Wednesday, NGCP’s head of revenue management department Julian Ryan Datingaling said overall transmission rates for the September 2025 billing period dipped by 1.23 percent to P1.3998 per kilowatt Continue reading Power transmission rates dip in October billing→