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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

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IMI down from 4 to just 1 factory in China

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of Ayala Group, has consolidated its China operations and shuttered its Kuichong facility to further cut losses and return to profitability. In a regulatory filing on Wednesday, IMI said it would integrate operations into its Pingshan facility over the coming weeks after