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Financial markets are set to reopen in the Philippines on Thursday as residents clear debris and authorities work to restore power after a typhoon churned across the Southeast Asian country, killing at least 20 people. Most schools remain closed in the capital and southern Luzon provinces, the most densely populated part of the country with about 17 million people. Power has been restored to just over half of the Luzon grid. Disaster officials are still assessing damage but the coconut-growing Quezon province south of Manila appears to have borne the brunt of Rammasun, which intensified into a category 3 typhoon as it crossed the Philippines.



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