Banks’ foreign currency loans inch up in 2nd quarter
FOREIGN CURRENCY loans disbursed by local banks inched up in the second quarter, backed by firms’ higher working capital requirements and lower interest rates.
BoJ debated whether to boost stimulus
TOKYO — Bank of Japan (BoJ) policy makers debated whether extra easing measures were needed to hit the central bank’s inflation target at its last policy meeting, a summary of opinions showed on Monday, as heightened risks threatened a fragile economic recovery.
Asian credit funds say junk bonds will be key in 2021
WHEN global bond markets dipped in February, fund manager John Stover dove in, predicting a rebound, only to watch prices collapse as the coronavirus pandemic raged on. Mr. Stover kept buying.
Peso edges sideways on US data, tax reform
THE PESO moved sideways against the dollar on Friday, with strong US data and the passage of the tax reform plan in the world’s...
Yields on government debt inch down after BSP meet
YIELDS ON government securities (GS) dipped slightly last week as market players took profit after the Bangko Sentral ng Pilipinas’ (BSP) kept its key rates but revised upwards its inflation outlook in the near term.
China caps real estate loans to curb risks
CHINA’S REGULATORS will impose caps on banks’ lending to the real estate sector for the first time, in their latest efforts to prevent systematic risks after a series of property curbs in recent years did little to damp buyer enthusiasm.
Korean bonds to stay strong amid rate bets
ANY RATE HIKE by the Bank of Korea (BoK) will probably be one and done for the year, and shouldn’t impact investor demand for government bonds, according to the country’s second-largest asset manager.
China feud has treasury investors eyeing foreign holdings at US Fed
THE ESCALATION of the US-China trade conflict has heightened investor focus on the upcoming breakdown of the Federal Reserve’s assets for fresh signs that the Asian nation may be trimming its Treasury pile.
Erdogan dares new central banker to think differently
PRESIDENT RECEP Tayyip Erdogan may finally get to crow “I-told-you-so.”
Thiam sees investment bank loss weighing on Credit Suisse results
TIDJANE THIAM’S final results as Chief Executive Officer of Credit Suisse Group AG validated his shift to wealth management while again demonstrating the volatility of the investment bank and trading businesses.
Peso weakens slightly as ECB delays taper
THE peso was little changed on Friday, with sideways moves driven by profit-taking in the dollar and the European Central Bank (ECB)’s decision to...
TDF bids remain weak despite cut in offerings
TERM DEPOSITS offered by the central bank yesterday continued to see tepid demand, settling below the reduced auction volume ahead of an expected rate...