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Philippines cuts 2026 growth forecast, citing graft scandal and energy crisis
MANILA, June 22 : Growth in the Philippines this year will be lower than previously forecast due to the energy crisis and the lingering effects of a corruption scandal that has slowed government spending, the economic planning secretary said on Monday.Growth is now seen coming in at 3.5 per cent to 4.5 per ce
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Asian stocks gain, oil slips as Iran talks progress
SYDNEY, June 22 : Asian share markets swung higher on Monday as Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the process was breaking down.Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded an
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Thailand will raise its annual economic growth potential to 3% by 2030, Finance Minister says
BANGKOK, June 22 : Thailand plans to lift its economic growth potential to 3.0 per cent from 2.7 per cent by 2030, Finance Minister Ekniti Nitithanprapas said on Monday.• The government will drive economic growth through “four pillars” including new investment, trade and services like tourism and agricultur
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Stocks rally in Asia as Iran cites progress in talks
SYDNEY, June 22 : Asian share markets swung higher on Monday as Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the process was breaking down.Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded an
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Stocks slip in Asia, oil up on peace doubts
SYDNEY, June 22 : Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to price in more risk of higher U.S. interest rates.Sterling eased amid reports Prime Minister Keir Starmer was considering his political fut
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Brent falls as Israel, Hezbollah agree to ceasefire
BENGALURU/LONDON, June 19 : Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran.Brent crude futures were down 85 cents, or 1.1 per cent, at $79
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Brent heads for more than 8% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude steadied on Friday but held on track for a more than 8 per cent weekly decline, as traders weighed up fading prospects for a lasting U.S.-Iran truce after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were up 9 cents, or 0.1 per cent,
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Brent heads for 9% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude was set for a 9 per cent weekly decline on Friday as traders weighed fading U.S.-Iran truce prospects after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were down 24 cents, or 0.3 per cent, to $79.61 a barrel by 1100 GMT. The contrac
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Investors see Micron earnings as pulse check of AI rally momentum
NEW YORK, June 19 : Investors are seeking signs that the U.S. stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology earnings will check the pulse of chip demand to see if it is still accelerating.Despite a sharp mid-week selloff, major U.S. stock ind
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Brent heading for over 8% weekly loss as traders weigh US-Iran truce outlook
BENGALURU/LONDON, June 19 : Brent crude steadied on Friday but remained set for a more than 8 per cent weekly decline as traders weighed fading U.S.-Iran truce prospects after talks were called off and Israel escalated attacks in Lebanon.Brent crude futures were little changed at $79.78 a barrel by 0820 GMT.
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