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News in brief for January 22, 2017

P/$  rate stands at P49.92/$1 The peso exchange rate stands at P49.92 last Friday  at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average…

Federal Reserve Chair Janet Yellen

Yellen backs strategy for gradual US rate increase

By Bloomberg   Federal Reserve Chair Janet Yellen backed a strategy for gradually raising interest rates, arguing that the central bank wasn’t behind the curve…