| 10/6/2008 | Inquirer.net | Topics: Business |
| Europe scrambles for rescue plans |
| BERLIN, Germany -- With Germany making a blanket guarantee to cover all of the country's savings, other European countries were under increased pressure on Monday to bolster their financial defenses. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Nikkei tumbles to 4-year low |
| TOKYO, Japan -- Japan's Nikkei stock average fell 3.6 percent to a four-year low on Monday as Kyocera Corp. and other high-tech shares slid, with growing fear that the financial crisis is hitting the wider economy prompting investors to dump shares. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Won, rupiah at fore of Asian weakness |
| SINGAPORE -- The South Korean won and Indonesian rupiah led a sharp decline in Asian currencies on Monday, driven by tumbling stock markets, an acute shortage of dollars and broader growth concerns. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| RP banks' bad loans fall further in July |
| MANILA, Philippines -- Local commercial banks' non-performing loans (NPLs) in July slipped for a fifth month in a row to 3.98 percent of total loans, the lowest since the 1997/98 Asian financial crisis, the central bank said Monday. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| PhilamLife has 10 keen buyers, says CEO |
| MANILA, Philippines -- The Philippine unit of American International Group (AIG) said Monday it has received offers from about 10 groups after the firm was identified as among the assets to be sold by AIG to pay off its debts. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Shares close 2.6% lower |
| MANILA, Philippines – (UPDATE) Share prices closed 2.6 percent lower Monday over worries of a global economic slowdown, dealers said. The composite index lost 66.68 points to 2,499.53, while the all shares index shed 2.6 percent to 1,574.03 points. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Oil drops almost $3 on demand worries |
| SINGAPORE – (UPDATE) World oil prices fell almost $3.00 in Asian trade Monday on demand worries as Wall Street's financial meltdown extended to Europe, triggering fears of a global slowdown, dealers said. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Bank woes in Europe spook Asian stocks |
| TOKYO, Japan -- Asian stock markets suffered another mauling in early trade Monday as doubts grew about whether a Wall Street bailout package will stem the global financial crisis, dealers said. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Shares open 1.6% lower |
| MANILA, Philippines -- Shares opened 1.6 percent lower Monday, tracking regional bourses across Asia on worries about the state of the global economy, dealers said. |
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| 10/6/2008 | Inquirer.net | Topics: Business |
| Unions gear for first 'decent work' day |
| PARIS, France -- Unions from more than a hundred countries will stage Tuesday the world's first "decent work" day with a series of protests and special events in response to the global financial crisis. |
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