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PH foreign debt dips to $57.7B at end-Sept.

The country’s outstanding external debt approved/registered by the Bangko Sentral stood at $57.7 billion as of end-September, down by $375 million (or 0.6 percent) from the $58.1 billion level in June, according to BSP Gov. Amando M. Tetangco, Jr. The decline resulted from negative foreign exchange revaluation adjustments ($1.1 billion)…

Jan.-Sept. BoP swings into $3.4-B deficit

The country’s balance of payments -- the difference between its total collar receipts and total dollar expenditures -- yielded a deficit of $3.4 billion for the first nine months of 2014, a reversal of the$3.8-billion surplus recorded in 2013. This developed as heightened uncertainty in the global financial markets resulted…

China Dec mfg index falls to 7-mo. low

China’s manufacturing activity worsened in December with HSBC’s closely watched purchasing managers’ index hitting a seven-month low, the bank said yesterday, signaling more weakness in the world’s second-largest economy. The British banking giant’s preliminary PMI for the month came in at 49.5, below the break-even point dividing expansion and contraction,…
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Boom and bump: Chinese pile into shares

Hundreds of thousands of investors are piling into China's stock market on the back of a spectacular rally, driving up prices in a borrowing-fueled frenzy despite warnings of heightened risks. The benchmark Shanghai Composite index was sent skywards by a surprise interest rate cut on November 21, since when it…

China sets property list-up in March

China would implement long-awaited property-registration rules from March, a Chinese media outlet yesterday said, in a move that could give the country’s anti-corruption investigators extra ammunition and pave the way for new taxes. Under a draft of the regulations published in August, a national registration system would be established sharing…
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