Deutsche Bank suffers $3.5-billion quarterly loss
FRANKFURT — Deutsche Bank reported a bigger than forecast quarterly loss of €3.15 billion ($3.5 billion) because of major costs stemming from its efforts to reshape its business.
Gov’t fully awards T-bill offer despite higher rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates increased across the board after months of decline due to faster inflation and rising US bond yields.
Yields on BSP’s short-term securities end mixed
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities ended mixed on Friday even with both tenors going oversubscribed.
The BSP bills fetched bids...
BPI looking to add more features to its new mobile app
BANK of the Philippine Islands (BPI) is looking to add more features to its new mobile application, including goal-setting and an expense tracker, among...
Peso to move sideways amid ongoing trade tensions
THE PESO will likely move sideways against the dollar this week as investors look at the continuous trade tensions abroad amid strong labor data in the United States.
Abe pressures BoJ to ramp up stimulus ahead of rate review
TOKYO — Japanese Prime Minister Shinzo Abe said the government will work closely with the Bank of Japan (BoJ) to stabilize markets, piling pressure on the central bank to ramp up stimulus next week to fend off risks to the economy from the coronavirus outbreak.
BPI appoints Cruz as new institutional banking head
BANK of the Philippine Islands (BPI) has appointed Luis Geminiano E. Cruz as its new institutional banking business head.
“The Bank of the Philippine Islands...
Rates of Treasury bills may climb as central banks move to tighten
By Janine Marie D. Soliman,
Reporter
TREASURY BILLS (T-bills) on offer today are expected to fetch higher yields amid expectations of a spike in global interest...
Negative rate risk, QE overload may push central banks towards yield caps
LONDON — Central banks are delving further into their tool kits to help economies recover from the coronavirus — cue yield curve control (YCC), a form of pinning down borrowing costs that more countries might need to embrace in the months and years ahead.
Strong Singapore dollar signals inflation battle
SINGAPORE’S DOLLAR is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation.
T-bond yields drop as market awaits BSP move
THE GOVERNMENT made a full award of the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday at a lower average rate amid strong...
BSP to keep rates low as long as inflation stays stable
THE CENTRAL BANK will keep its policy stance supportive of the economy as long as inflation remains stable, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.