Philippines Holds Key Rate at 17-Year High as Price Risks Linger

-- The Philippine central bank kept its benchmark interest rate unchanged at a 17-year high to shore up the peso and check inflation.China Considers Government Buying of Unsold Homes to Save Property Market

Price gains in the Philippines quickened for a third straight month in April as the dry weather constrains farm output. The peso’s fall to near the key 58-per-dollar level earlier this week adds to worries over the inflation outlook. NEW YORK — Your wallet may soon be getting thinner. Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant. They will be some of the biggest changes to how payments operate in the U.S. since the U.S.

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