Samurai, Ninja loans boom as Japan’s regional banks hunt for yield
TOKYO — Japanese regional banks are increasingly lending to foreign companies and other borrowers via samurai and ninja loans as they struggle with interest rates stuck at zero and seek to diversify their customer base.
Peso weakens on US-China issues
THE PESO weakened against the dollar on Wednesday due to mixed signals from the US and China on the new set of tariffs on Chinese goods set to take effect this month.
Peso may strengthen on US-China phase one deal
THE PESO may strengthen against the dollar this week on the back of better risk appetite as the market waits for the ceremonial signing of the phase one trade deal between the United States and China.
China fixes yuan at weakest since 2008
CHINA SET its daily yuan reference rate at the weakest level since 2008 after the currency hit a seven-month low in onshore trading Friday amid increasing political tensions with the US.
TDF yields inch higher as BSP keeps rates steady
YIELDS ON the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly climbed on Wednesday following its decision to maintain benchmark rates and due to expectations of faster inflation this year.
BSP fully awards one-month bills
THE CENTRAL BANK fully awarded the short-term debt papers it offered on Friday as demand remained strong on ample liquidity in the financial system.
The...
Peso climbs as focus turns to US leadership change
THE PESO strengthened against the greenback on Wednesday on investor optimism hours ahead of the formal transition to the presidency of Joseph R. Biden, Jr.
UCPB to open branches on Saturday ahead of non-EMV cards’ deactivation
THE United Coconut Planters Bank (UCPB) will give its clients more time to claim their microchip-enabled cards, extending its operations on Saturday, July 29.
The...
M3 rises 15.4%, lending up 20.4% in August
MONEY supply growth quickened in August – at an annual 15.4% – after bank lending sustained its double-digit pace, the Bangko Sentral ng Pilipinas...
Yields on gov’t debt drop on Fed hike, BSP review
YIELDS on government securities (GS) traded in the secondary market declined last week amid an interest rate hike in the US and the Bangko...
Yields on gov’t debt go up
YIELDS on government securities (GS) went up last week due to a rate hike in the United States as well as expectations on the outcome of overseas central banks’ policy meetings.
T-bills may fetch lower rates ahead of BSP’s policy review
YIELDS on Treasury bills (T-bills) on offer today are seen to go down a tad as the market see indications a break in the central bank’s monetary tightening, although some upward pressure still remains over slower economic growth.