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Storm Trami Kills Seven in Philippines, Currency Trading Shut

(Bloomberg) -- Seven people have died in the Philippines as storm Trami barreled across the nation’s main island, causing massive flooding and prompting closure of its currency market for a second day on Thursday. The Bankers Association of the Philippines said the dollar/peso spot and swap markets will be shut and the central bank closed monetary operations following a suspension of government work in the main Luzon island. The stock market will be open, a spokesperson for the Philippine Stock Exchange said. Trami — known locally as Kristine — has...