Eurozone inflation accelerates to 2.2% in September

BRUSSELS, Belgium — Eurozone inflation edged up in September buoyed by energy costs, official data showed Wednesday, reinforcing expectations the European Central Bank will not make further interest rate cuts this year. Inflation rose to 2.2 percent last month, from two percent in August, the EU’s statistics agency said, above the ECB’s two-percent target. READ: European Central

GSIS opens emergency loan program to Cebu members hit by quake

MANILA, Philippines — The Government Service Insurance System (GSIS) said it would provide emergency loans to members and pensioners in Cebu, after a magnitude 6.9 earthquake struck the province this week, damaging buildings and disrupting daily life. The GSIS Emergency Loan Program will be opened to qualified members and pensioners residing or working in Cebu, the

Manila Water seals P37.8-B WawaJVCo takeover

MANILA, Philippines — Manila Water Company Inc. has completed its acquisition of WawaJVCo Inc., another unit of the Razon Group behind the water supply dam in Rizal province, for P37.8 billion. The group disclosed to the local bourse on Wednesday that the closing conditions for the deal had been met just this week. This came