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Asia Top News and Analysis Philippines

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  • NEW YORK/ LONDON, July 31- Gold reversed earlier losses on Friday as the dollar fell after weaker-than-expected U.S. data, but prices remained on course for their biggest monthly decline in more than two years on expectations the Federal Reserve will soon raise interest rates. "There is no wage inflation in the U.S. and that was the trigger for the sharp move in the...

  • LONDON, July 31- Gold reversed earlier losses on Friday as the dollar fell after weaker-than-expected U.S. data, but prices remained on course for their biggest monthly decline in more than two years on expectations the Federal Reserve will soon raise rates. "There is no wage inflation in the U.S. and that was the trigger for the sharp move in the euro/dollar rate,...

  • *Gold eyes biggest monthly fall since June 2013. LONDON, July 31- Gold slipped on Friday and was on course for a sixth straight weekly fall, its longest retreat in 16 years, as the dollar remained firm after upbeat U.S. economic data encouraged bets on the Federal Reserve raising interest rates in September. "Gold is an asset that pays no interest or coupon and the rate...

  • LONDON, July 30- Gold fell more than 1 percent on Thursday, trading close to a 5-1/ 2- year low hit last week, as the dollar jumped after the Federal Reserve left the door open for a rate rise in September and ahead of U.S. Spot gold dropped 1.3 percent to a session low of $1,081.85 an ounce in earlier trade, not far from its cheapest since February 2010 at $1,077 hit after a...

  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.

  • LONDON, July 29- Gold steadied on Wednesday as the dollar softened, but was still trading around a 5-1/ 2- year low hit last week as investors awaited the outcome of a Federal Reserve's meeting for cues on the timing of the first U.S. rate rise in nearly a decade. "We bounced from the low but we are little changed and waiting for the Fed's statement tonight and the...

  • MANILA, Philippines— The Asian Development Bank said Tuesday it is ready to boost lending to the Philippines by 66 percent to about $3 billion to support the country's infrastructure and development needs. A joint statement after a meeting of ADB President Takehiko Nakao and Philippine Finance Secretary Cesar Purisima said the Manila- based lender is ready...

  • MANILA/ LONDON, July 28- Demand for gold slid to its lowest in six years in the second quarter of this year as buyers from top consumer China poured funds into its now troubled equities market, an industry report showed on Tuesday. Retail investment from China fell by a quarter and jewellery demand by 23 percent in the April to June period as stock markets there...

  • LONDON, July 28- Gold edged higher on Tuesday but remained near 5-1/ 2- year lows as markets braced for this week's two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase. Gold hit a low of $1,077 on Friday, its cheapest since early 2010, in a fifth week of losses. "Gold is treading water despite a...

  • NEW YORK/ LONDON, July 24- Gold turned higher after sliding more than 1 percent to its lowest since early 2010 on Friday, as the dollar fell from its highs and U.S. stocks extended losses, but the precious metal was on track to see the biggest weekly decline since March. Spot gold hit the lowest since February 2010 at $1,077.00 an ounce but was up 0.5 percent at $1,096.29...

  • MANILA, Philippines— Grammy award-winning singer Chris Brown is finally on his way out of the Philippines after a three-day delay due to a fraud complaint against him for a canceled concert last New Year's Eve. The 26- year-old R&B artist has been stuck in Manila for a third day after running afoul of a corporation, run by an influential religious group's members,...

  • *Gold prices fall for ninth out of 10 sessions. LONDON, July 24- Gold slid more than 1 percent on Friday to its lowest since early 2010 as fresh strength in the dollar prompted another wave of selling, putting the metal on course for its biggest weekly loss in nine months. Gold has been hurt this year by expectations that the Federal Reserve is on track to raise interest...

  • MANILA, Philippines— Grammy award-winning singer Chris Brown's departure from Manila was delayed Wednesday because of fraud allegations against him and his promoter for a canceled concert last New Year's Eve. The recording artist, who performed at a packed concert Tuesday night in Manila, was prevented from leaving on a private plane Wednesday pending...

  • *Gold prices slide to lowest since March 2010. LONDON, July 22- Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week. Spot gold was down 1.1 percent at $1,088.78 an ounce at 1213 GMT, while U.S. gold futures for...

  • LONDON, July 22- Gold fell back towards five-year lows on Wednesday as investors continued to pull away from the precious metal, with a slide through key chart levels earlier this week setting prices up for further losses. Holdings in top gold-backed exchange-traded fund SPDR Gold Trust fell for a fourth day on Tuesday, declining another 4.8 tonnes to hit their...

  • MANILA, Philippines— The Chinese ambassador in Manila said Wednesday that trade between China and the Philippines grew last year despite their protracted territorial conflicts, providing hope their relations could flourish even as tensions remain. Ambassador Zhao Jianhua also played down reports that Chinese President Xi Jinping may skip the annual...

  • *NDB to help emerging economies develop faster- China finmin. SHANGHAI, July 21- Officials from the world's largest emerging nations launched the New Development Bank on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank. The new bank will fund...

  • *Gold hovering just above $1,100 support level. LONDON, July 21- Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday's "bear raid" when sellers dumped an estimated 33 tonnes in just two minutes. Gold worth $1.3 billion changed hands on the Chinese and U.S. markers, and the lack of liquidity on a day when...

  • *Gold sinks more than 4 pct to $1,080. NEW YORK/ LONDON, July 20- Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years. Within two minutes, an estimated 33 tonnes of gold in...

  • *Gold falls as much as 4 pct briefly to $1,088.05. LONDON, July 20- Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal. "The Asian market missed the action on Friday when U.S. players were already attempting a break of $1,130, a major support level, and has pushed prices much lower...