The latest news stories from the major news organizations in Cebu and Manila in the Philippines, the US and other countries.

Wednesday, December 17, 2008

December 18, 2008 Major Newscast

Gwen gikiha sa IBP

Peso rallies after Fed rate cut

The peso rallied to the 46-per-dollar level after the US Federal Reserve slashed its target interest rate to nearly zero.  Strengthened to that level for the first time since September, the peso closed at 46.90, gaining 0.50 from Wednesday's finish at 47.40.  The currency was also bolstered by strong foreign exchange remittances from overseas Filipinos ahead of the Christmas holiday break.

Depositors start to calm down

Oil tumbles despite huge OPEC cuts

Arrest of 4 linked to fertilizer scam

The Senate ordered the arrest of 4 people linked to the fertilizer scam who evaded past summonses.

They're out to silence Bolante 'runner'

Full automation sa 2010 malabo

EU envoys seek renewed MILF talks

GSIS asks SC to proceed with CTPL

Time: Obama is 'Person of the Year'

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