Reuters

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India cuts floor price for basmati rice exports to revive shipments

India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.

Subaru CEO: working with suppliers to lower procurement risks of EV battery materials

Japan's Subaru is working with suppliers to decrease risks related to procuring materials used in electric-vehicle batteries, its chief executive said on Wednesday, as automakers grapple with China's move to curb exports of graphite.

BioMarin’s dwarfism therapy gets FDA nod for expanded use

The U.S. health regulator on Friday approved the expanded use of BioMarin Pharmaceutical's once-daily injection to treat children under the age of 5 with the most common form of short-limbed dwarfism.

Wall St ends sharply lower, posts weekly losses; Mideast fears increase

U.S. stocks ended sharply lower for the day and week on Friday as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.

US stocks end sharply lower, crude jumps on Middle East tensions

Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns.

Just in

New Kamuning Busway Station opens, replacing “Mt. Kamuning” footbridge

The government on Thursday inaugurated the new EDSA Kamuning Busway Station and footbridge, replacing the steep and widely criticized “Mt. Kamuning” pedestrian bridge that commuters had long struggled to use.

DA orders nationwide survey to check issues in farm aid distribution

The Department of Agriculture (DA) has ordered a nationwide ground survey of farmer-beneficiaries to verify complaints about allegedly substandard seeds, questionable fertilizer quality, and unreliable farm machinery distributed through government programs.

DTI empowers OFWs with P2B Negosyo Fund

The Department of Trade and Industry (DTI) is providing a boost to returning migrant workers with the launch of its P2-billion OFW Negosyo Fund, a program aimed at turning remittances into thriving local enterprises.

Rising price pressures seen despite February inflation staying within target

Price pressures have been gradually building in recent months, even as February inflation remained within the central bank’s target and broadly in line with market expectations, according to economist Jonas Ravelas.
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