Twin Fed, BSP rate cuts lift Philippine stocks

MANILA, Philippines — The local stock barometer regained its momentum on Thursday, thanks to the twin interest rate cuts by the US Federal Reserve and the Bangko Sentral ng Pilipinas. The Philippine Stock Exchange Index (PSEi) rose by 0.5 percent, or 30.06 points, to close at 5,990.00.The broader All Shares Index, however, fell 0.27 percent, or