BTr makes full award of 3-year bonds despite rate uptick
THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bonds) it offered on Wednesday as its yield rose with inflation expected to tick up and amid an uncertain economic outlook in the United States.
Standard Chartered sees BSP hiking rates by 25bps this week
THE CENTRAL BANK may find room to raise rates by just 25 basis points (bp) this week, a bank analyst said, provided it comes with a hawkish statement from policy makers in order to temper further price pressures.
Southeast Asia’s Grab inks deal with Mastercard for issuance of prepaid cards
SINGAPORE — Singapore-based Grab has partnered payments processor Mastercard Inc. to issue prepaid cards tailored to Southeast Asian consumers, extending the use of Grab’s digital wallet and helping its unbanked users transact online.
UnionBank expects pickup in loan growth next year
UNIONBANK of the Philippines, Inc. expects an uptick in loan growth next year driven by the brighter prospects in the domestic economy.
Gov’t debt yields decline
YIELDS on government securities (GS) went down in the first trading week of the year amid lower inflation prospects.
Peso inches higher on US-China trade deal
THE PESO inched higher against the dollar on the back of risk-on sentiment as the first phase of trade negotiations between the United States and China went well, with Beijing vowing to buy $50 billion worth of agricultural products from the world’s largest economy.
UBS fined $51 million by Hong Kong regulator for overcharging clients
HONG KONG — Swiss bank UBS was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday.
ECB launches new bond purchases worth €750 billion to stem coronavirus rout
FRANKFURT -- The European Central Bank (ECB) launched new bond purchases worth €750 billion at an emergency meeting late on Wednesday in a bid to stop a pandemic-induced financial rout shredding the euro zone’s economy and renew concerns about the bloc’s viability.
Cryan said to be losing support of top Deutsche Bank investors
CHIEF EXECUTIVE Officer John Cryan is losing the support of some investors just seven months into Deutsche Bank AG’s latest turnaround plan.
Three of the...
Peso hits new lows ahead of rate action
THE PESO weakened to a fresh 12-year low ahead of possible rate hikes by the central bank and the Federal Reserve as well as elevated trade tensions between the United States and China.
Gov’t raises P15 billion via T-bond tap facility
THE GOVERNMENT raised another P15 billion in fresh funds after opening a tap facility to accommodate excess demand from its Wednesday Treasury bond (T-bond) auction.
Senator vows to pursue financial inclusion
SENATOR Grace Poe on Friday vowed to pursue financial literacy and inclusion as head of the banks committee.