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Stocks rebound as tariff concerns ease
philstar20d ago

Stocks rebound as tariff concerns ease

The local stock market recovered yesterday after four days of losses, buoyed by investor optimism over recent developments related to US President Donald Trump’s tariff threats on some European countries.

#STOCKS
Mines that expand are not scrutinised like newly-built mines
scimex20d ago

Mines that expand are not scrutinised like newly-built mines

As the rate of opening new mining sites slows, mining companies worldwide are expanding existing mines - known as brownfield mining - to meet the ever-increasing demand for minerals to build clean energy infrastructure. But new Australian-led research has found that expanding mines can worsen environmental and social risks, and these operations tend to draw less scrutiny and regulation than new projects. The team used data on global mining and finance to show how investment has been increasingly flowing to brownfield mining rather than developing new mines. They then delved deeper for 366 brownfield mining sites, using satellite imagery and other data that track social and environmental conditions worldwide. They found more than one-fifth of the sites are within 50km of ecologically pristine or partially modified areas, while more than half are within 20km of biodiversity hotspots or protected areas. Nearly 80% of the mines they investigated are in locations facing multiple high-risk conditions, including water scarcity, weak governance, and limited press freedom. If larger, deeper, and longer-life mines are needed to meet demand, mine expansion should be thoroughly assessed for cumulative and long-term effects, rather than treating expansion as a routine decision, the authors conclude.

#COMMODITIES
Offshore borrowing tied to spending needs – DOF
philstar20d ago

Offshore borrowing tied to spending needs – DOF

The government does not follow a fixed timetable for issuing global bonds, as offshore fund-raising is carefully timed to match the national government’s expenditure requirements, even as the Philippines successfully raised $2.75 billion from its latest dollar bond sale, according to Finance Secretary Frederick Go.

#ECONOMY
BNM keeps OPR at 2.75% as expected
thestar_my20d ago

BNM keeps OPR at 2.75% as expected

The Monetary Policy Committee's (MPC) decision to keep the overnight policy rate (OPR) at 2.75% is in line with overall consensus, says Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid. Read full story

#ECONOMY
Greenwich LifeSciences Stock Jumps After FDA Update
benzinga20d ago

Greenwich LifeSciences Stock Jumps After FDA Update

Greenwich LifeSciences, Inc. (NASDAQ:GLSI) shares are trading higher after the company announced the Food and Drug Administration approved the use of its first commercially manufactured GP2 lot for the FLAMINGO-01 Phase III clinical trial.Greenwich LifeSciences stock is among today’s top performers. What’s driving GLSI stock higher?FDA Clears First Commercial GP2 Lot for Phase III TrialThe company said the FDA reviewed and approved the first commercial lot of finished GP2 vials for use in FLAMINGO-01 in the United States. The GP2 active ingredient was manufactured in an approved commercial facility in 2023, with vial filling completed in 2024, and stability programs initiated for all lots.Greenwich LifeSciences said data from the commercial manufacturing and stability ...Full story available on Benzinga.com

#STOCKS
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