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MANILA, Philippines — Two strong earthquakes hours apart struck a group of sparsely populated islands in the Luzon Strait in the northern Philippines early Saturday, killing at least eight people, injuring about 60 and causing substantial damage.

Lu handled precious metals sales for Standard Bank. He recalled that the African lender was at that time the biggest buyer of Chinese silver. He worked there for five years and then left to head and expand Standard Chartered Bank's Greater China metals sales desk.

MANILA - Philippine President Rodrigo Duterte has signed a law that authorizes him to exercise "stand-by powers" necessary to carry out urgent measures to deal with the COVID-19, Senator Christopher Go said early on Wednesday.

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Lu Xiaodong, deputy general manager of Sinograin, said the group will continue to adapt to new international economic and trade conditions, and actively adjust its source for soybean imports, as well as further expand the scale of soybean procurement in South America as it has become a mature and stable trade market channel for its global business.

MOSCOW - Russia, the United States and Saudi Arabia have agreed to coordinate actions on stabilizing oil markets and minimize the impact of oil price volatility on global economy, Russian president's press office said in a statement on Thursday.

Luo said steel-makers' inventories are likely to grow further, because the outbreak has a higher influence on demand than production.

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Lu Lin, an iPhone wholesaler who has been working in the area for many years, told China Daily that wholesale prices of the latest iPhones, which include the iPhone XR, iPhone XS and iPhone XS Max, in Huaqiang North have all been declining this month, with the iPhone XR dropping the most.

MACAO - The base rate of the discount window in Macao is raised by 25 basis points to 1.75 percent, the monetary watch dog of the special administrative region (SAR) said on Thursday, which is the fifth time to raise the policy rate since December 2015.

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Lufax hired five banks to work on an IPO in Hong Kong to raise up to billion in the first half of 2018, Refinitiv’s IFR reported last December.

Lunjiao rice cakes and a custard made from buffalo milk and coconut juice.[Photo provided to China Daily]