Foreign currency loans extended by local banks rose at end-March from the quarter prior as demand for credit increased, with businesses having higher financing requirements and becoming more bullish as the economy continues to recover from the downturn caused by the pandemic.

FRANKFURT/NEW YORK — Two outspoken skeptics of the European Central Bank’s (ECB) stimulus policy on Wednesday demanded a radical rethink of the ECB’s strategy under incoming President Christine Lagarde.

THE GOVERNMENT partially awarded the T-bills it auctioned off on Monday at higher rates on expectations of a higher April inflation, which could give the central bank an impetus to hike borrowing costs earlier than planned.

THE PESO weakened against the dollar on Thursday following more hawkish statements from the US Federal Reserve chairman.

TOKYO — Japan’s efforts to stop the yen’s sharp falls through unilateral market intervention would only have a limited impact, a senior member of the country’s ruling party warned, as data showed the currency’s recent tumble blowing the trade gap out to a record.

THE year 2018 has been marked by disruptions in the global market, evidenced by the growth of e-commerce platforms, fintechs, and start-ups that shake up traditional industries and businesses, especially the retail sector. Toys “R” Us closed its US stores in March, Nine West filed for bankruptcy in April, Sears, once the largest retailer in the world, filed for Chapter 11 bankruptcy protection on October, and a host of others. An all-time high of 16 US retailers have filed for bankruptcy or announced liquidations so far in 2018.

THE GOVERNMENT fully awarded P15 billion worth of reissued five-year Treasury bonds (T-bond) on Tuesday, accepting higher yields as the market priced in rate hikes by the Bangko Sentral ng Pilipinas (BSP).

THE PESO weakened versus the greenback on Tuesday as market participants were cautious due to hawkish signals from US Federal Reserve officials and tensions between Russia and Ukraine.

UNIONBANK of the Philippines, Inc. will no longer tap its long-term negotiable certificates of deposit (LTNCD) program as the lender can now raise fresh funds through corporate bond issuances.

TOKYO /WASHINGTON/FRANKFURT — Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including US Federal Reserve officials grappling with how to bolster their options as prospects for the global economy darken.

THE PESO weakened to a near one-month low against the dollar on Monday following strong US labor data and as markets anticipate the latest...

THE CENTRAL BANK fully awarded its offer of 28-day bills on Friday, with yields inching lower on investors' strong appetite for safe assets due...