Heavy rain floods Philippine capital; markets, schools shut

Reuters: A tropical storm dumped heavy rain on the Philippine capital on Friday, flooding many parts of the city, shutting schools, government offices and financial markets. Thousands of residents in low-lying areas were moved to higher ground, officials said, as flood waters rose quickly after the equivalent of half a month's usual rain fell in six hours. The Philippine Stock Exchange suspended trade after the government canceled work and classes in the capital. Trading at the electronic foreign......

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