INFLATION was unchanged last month as declining rice prices offset modest increases in utility and food costs, the Philippine Statistics Authority (PSA) reported on Wednesday.

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The Philippine central bank will take a "measured approach" in easing policy rates, it said on Wednesday, as annual inflation held steady at 2.9 per cent in January, staying within its target range.

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A winter storm is forecast to spread ice and snow across portions of the central and eastern U.S. today, bringing widespread travel troubles and also the threat of power outages.