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Philippines may pause rate hike cycle in May

BLOOMBERG The Bangko Sentral ng Pilipinas (BSP) has done enough to address inflation and could pause from raising interest rates at the next policy meeting in May, Finance Secretary Benjamin Diokno said. “Contrary to some analysts’ view that the BSP’s Monetary Board could even push its policy interest rate higher than 6.5%, I think that the BSP is leaning towards ...

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Central banks cut most US debt since 2014 as dollar needs rise

BLOOMBERG Foreign central banks liquidated Treasury holdings at the fastest clip in nine years and tapped a key Federal Reserve (Fed) facility to raise cash as banking stress roils markets. Fed data show foreign official holdings of Treasury securities fell by $76 billion in the week through March 22 to $2.86 trillion. That’s the largest weekly decline since March 2014. ...

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Sarvé Jewelry & Novi Galleries spotlight Dubai

DUBAI / GULF TIME Under the patronage and presence of His Highness Sheikh Maktoum Bin Saeed Al Maktoum, Dubai witnessed a wonderful legend, A thousand nights & night was written with the most beautiful harmony of love and creativity together for the world of luxury jewellery and rare antiques, between the largest name in the world of precious gemstones “Novi ...

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