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Titan Exploration bags 3 coal supply contracts
MANILA - With close to P300 million in investments to be poured in its coal mine operations Zamboanga Sibugay and Davao Oriental, Titan Exploration and Development Corp. (TEDC) expects to open about 18,000 jobs to people living within its 5 coal contract areas.
By Paul A. Isla, Business Mirror 11/19/2009 12:38 PM
Oil down in Asian trade after breaching $80 mark
SINGAPORE - Oil prices cooled in Asian trade Thursday after breaching $80, spurred mainly by a decline in US energy stocks, analysts said.
Agence France-Presse 11/19/2009 11:58 AM
Chocolate war looms as Hershey, Ferrero mull Cadbury bid
LONDON - US chocolate maker Hershey and Italian peer Ferrero said Wednesday they are considering a bid for British confectioner Cadbury, in a move which would whip up a takeover war with Kraft Foods.
Agence France-Presse 11/19/2009 11:47 AM
Megaworld raises P5-B from bond sale
MANILA - Philippine property firm Megaworld Corp. said on Thursday it sold P5 billion ($107 million) worth of 5.5-year fixed-rate bonds to fund a development in Metro Manila.
Reuters 11/19/2009 11:00 AM
Euro falls in Asia on investor caution
TOKYO - The euro was lower in Asian trade on Thursday as disappointing US economic data prompted renewed caution among investors, reducing demand for risky assets.
Agence France-Presse 11/19/2009 10:48 AM
Singapore declares its recession over
SINGAPORE - Singapore on Thursday declared a severe recession over as data showed its economy grew for the second straight quarter in the 3 months to September.
Agence France-Presse 11/19/2009 10:39 AM
Lepanto surges over 10% in early trade
MANILA - Shares of Lepanto Consolidated Mining Co. jumped over 10% in early trade on Thursday a day after the Philippine miner said it was in talks to sell a stake to Hong Kong's First Pacific Co.
Reuters 11/19/2009 10:33 AM
EDC launches P12-B bond sale
MANILA - Philippine power producer Energy Development Corp. (EDC) announced on Thursday it had launched the sale of up to P12 billion ($257 million) worth of fixed rate bonds to refinance maturing debt.
Reuters 11/19/2009 10:22 AM