financial news of the day

Here are the news yesterday that might have a lot of significance on what we do today

• Depositor protection stressed
• Europe, Asia eye common crisis response
• Higher power rates ok’d but refund to soften blow
• Tourism seen growing despite uncertainties
• Climate change to hit insurance business
• Britain’s Prudential eyes AIG’s Asian units
• Peso skids to fresh 1-1/2 yr low
• Gov’t rejects 10-Y bond bids
• Japan mulls expansion of defenses vs global crisis
• Airlines cut fares amid easing fuel prices
• Gov’t mulls hiking price of subsidized rice
• Asia facing tougher times-Merill Lynch
• P17B palay purchase set for ‘09
• Cost of Mindanao humanitarian aid over P500M says NDCC
• P1.7B energy efficiency, environment credit line OK’d
• Local companies to also cut prices?
  
• Local stocks climb amid Asian market rally

Source: Business World

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