Peso hits 62.5:$1 anew amid Middle East tensions

MANILA, Philippines — The Philippine peso weakened below the 62.5-per-dollar level on Wednesday to hit another record low, extending its slide as a stronger greenback and rising oil prices fueled inflation concerns. The local currency opened at 62.4 per dollar before widening its losses to an intraday low of 62.58 during morning trading, according to data