January 27, 2023
WASHINGTON – On Tuesday, officials said that despite resistance from the Pentagon and other sources, the Biden administration plans to announce a decision to send M1 Abrams tanks to Ukraine. The tanks, long sought after by Ukrainian President Volodymyr Zelensky, will be the heaviest weapons among the billions of dollars of military aid Washington has
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The head of Europe’s largest chipmaker, ASML, said he expects semiconductor demand to recover in the second half of the year, as the company posted a record order book of more than 40 billion euros and forecast sales growth of 25 percent this year. “The expectation of the duration of a potential recession in the
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The peso was flat while the stock market gained just a few points on Monday ahead of the release of 2022 economic growth data later this week. The currency closed at 54.54 pesos per dollar, the same as on Friday. Meanwhile, the underlying Philippine Stock Exchange Index (PSEi) gained 13.06 points, or 0.19%, to close
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The stock market is expected to try again this week to the 7100 level, and the 2022 economic growth data due this Thursday may allow it to do so, analysts said. The Philippine Stock Exchange’s underlying index (PSEi) broke above 7000 last week, peaking at 7094.86 on Wednesday before closing at 7056.62 on Friday. The
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We are in for a couple of dull days with cloudy and cool weather and a little rain. Saturday will be the wettest of the two, including several isolated storms and showers. Sunday is your best bet to get outside, temperatures will warm up a bit with bright sunshine, just plan for gusty winds. And
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The latest consumer sentiment survey by Westpac found that households started the year with a more optimistic outlook, but confidence remains “disappointingly low.” Westpac chief economist Bill Evans says he thinks it’s important as interest rates rise “for eight straight months”. “We expect another rate hike in February, but we are nearing the end of
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CNN — US Secretary of State Anthony Blinken is expected to travel to china in early February for ongoing discussions related to some of America’s most complex and important relationships. A US official said the State Department is looking forward to the February 6 Blinken meeting in Beijing, which follows President Joe Biden’s meeting with
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Analysts polled by ET said they expect TCS to post 12.4% earnings growth and 16.7% revenue growth in the third quarter as IT results season begins on Monday. Overall, Indian tech companies are expected to report modest numbers for the quarter as clients cut their spending due to macroeconomic and geopolitical concerns. Also in this
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PRAGMATISM welcomed the multibillion-dollar investment commitments announced following the state visit of President Ferdinand “Bongbong” Marcos Jr. to China, given that related programs and projects have yet to kick off. “Recent developments in around $22.8 billion in investment commitments during President Marcos’ visit to China could indeed lead to increased US dollar inflows, especially in
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CNN — California has been hit by heavy snow, damaging winds and flooding this week, and now another wave of storms will hit the west coast this weekend. “The ongoing parade of cyclones from the Pacific will bring more heavy rain and mountain snow to the West Coast, mostly in northern California,” the Weather Prediction
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