National Statistician Dennis Mapa said gross domestic product in the fourth quarter of 2021 expanded 7.7 percent. He added full-year growth hit 5.6 percent, exceeding the government’s 5-5.5 percent target for 2021.
BDO Unibank Inc. chief strategist Jonathan Ravelas said investors used the recent bounce to sell shares amid rising risk aversion over the possibility that the US Federal Reserve will take more aggressive action to combat inflation.
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Earnings, alert level, Fed to weight on PH stocksThe local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates.
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In Israel, ransomware attacks against private companies pose a new kind of national security threatGroups linked to Iran rattle Israeli confidence by seeking to cause panic and doubt through computer infiltrations. Read this piece from CodaStory.
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