A mass evacuation is underway in the Philippines, where an erupting volcano 40 miles (65 kilometers) south of the capital has triggered some 75 earthquakes and spewed “ballistic fragments,” forcing the nation’s financial markets to suspend trading and Manila airport …
The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from, , …
A moderately strong earthquake cracked buildings and knocked televisions and glassware from tables Tuesday in a central Philippine province, injuring at least 10 people and sending others rushing outside in panic, officials said. The quake came a month after 58 …