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Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world's second-biggest economy.

Asian currencies were treading water against the U.S. dollar, while equities jumped on Wednesday after weak U.S. labour data cemented bets of a pause in interest rate hikes by the Federal Reserve and on optimism over the potential for additional stimulus in China. 

The International Finance Corporation (IFC), the private sector finance arm of the World Bank, has poured $11 billion worth of projects across emerging markets in Asia-Pacific in fiscal year ended June this year.

Transport giants as Fedex and DHL are losing business to freight forwarding companies who cater to the shipping requirements of online Filipino shoppers and charge only competitive fees, according to a report by the US Department of Agriculture (USDA).

The chairman of the House appropriations committee on Monday committed to look for ways to augment the budget for the Department of Trade and Industry, the country’s main investment promotion agency, whose proposed 2024 spending plan pends at House of Representatives.