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Philippine Growth Disappoints at 2.3% as War, Graft Sap Demand

Philippine economic growth slowed dramatically in the second quarter, defying expectations of a pickup, as consumer spending slowed and investment shrank. The peso and stocks fell.

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Crude oil supplies at 45-year low

U.S. crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves. Bank of America Global Research data shows that the level of the U.S. Strategic Petroleum Reserve is at its lowest level since 1983, leaving the country with 43 days of crude oil supply, as reported by the...

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