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Oil inches up as US plans more strikes in Mideast, Ukraine hits Russian refinery

Energy & Mining Reuters Reuters -
Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery.

Amazon beats estimates on AI-fueled cloud, ecommerce businesses, shares jump

Corporate Reuters Reuters -
Amazon.com AMZN.O beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period, sending its shares up 8 percent after the market close.

India rates extend rally on low supplies; Thai prices ease

Agriculture Reuters Reuters -
Parboiled rice export prices from India extended their record rally this week, driven by tight supplies and firm demand due to higher prices in other hubs, while Thai rates slipped as new supply from fresh harvests trickled in.

US regional banks tumble for second straight day on NYCB woes

Banking & Insurance Reuters Reuters -
U.S. regional banks sold off again on Thursday, adding to losses from a day earlier when New York Community Bancorp NYCB.N reported increased stress in its commercial real estate portfolio, renewing fears about the industry's health.

Stocks, yields slide as Fed signals no rate cut soon

Corporate Reuters Reuters -
Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was "moving sustainably" towards its 2 percent target.
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Just in

Gokongwei, Salazar named MAP Management Persons of the Year

Corporate 0
The Management Association of the Philippines (MAP) has named JG Summit Holdings Inc. President and CEO Lance Y. Gokongwei and PHINMA Corporation President and COO Dr. Chito B. Salazar as its 2026 Management Persons of the Year, recognizing their contributions to corporate transformation, education and inclusive economic growth.

DOF targets cheaper remittances, faster development financing

Finance 0
The Department of Finance (DOF) is pursuing lower remittance costs and faster access to development financing, targeting transaction expenses that weigh on Filipino households and administrative delays that can slow government programs.

FAST charts Cebu expansion after return to Chiongbian family

Transport & Logistics 0
FAST Logistics Group is looking to expand its presence in Cebu following its return to the Chiongbian family, sharpening its focus on the province as a base for strengthening supply chains and helping local businesses reach markets nationwide.

Limlingan takes SSS helm, eyes loans, investment returns

Economy 0
President Ferdinand Marcos Jr. has appointed finance and investment veteran Victor Alfonso Limlingan as president and chief executive officer of the Social Security System (SSS), effective October 16, 2026, placing loan expansion and pension fund investment performance at the center of his incoming agenda.
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