TDF yields pick up as offer still undersubscribed
By Melissa Luz T. Lopez,
Senior Reporter
YIELDS under the term deposit facility (TDF) picked up yesterday as the trimmed auction volumes went undersubscribed, even as...
Cathay Life Insurance buys more RCBC shares
TAIWAN-BASED Cathay Life Insurance Co. Ltd. raised its stake in Rizal Commercial Banking Corp. (RCBC) this month as it bought new shares worth P416.397...
Peso slips ahead of data
THE PESO snapped its week-long rally versus the dollar as it resumed trading yesterday as sentiment towards the United States recovered, and ahead of...
Federal Reserve’s patient or preemptive clash looms as inflation fails to hit goal
FORMER Federal Reserve Chairman Alan Greenspan, in year nine of a US economic expansion, conceded in 1999 that patience was sometimes a better policy...
Portfolio outflows may reverse before yearend
By Melissa Luz T. Lopez,
Senior Reporter
THE PHILIPPINES could see more foreign capital entering the country in the coming months which could trim the outflows...
BPI, WorldRemit sign deal to improve money transfers
BANK of the Philippine Islands (BPI) has partnered with London-based firm WorldRemit to fast-track remittance transactions, with the country standing as the biggest market...
Australia takes aim at major banks
SYDNEY — Australia’s corporate regulator on Tuesday took aim at the nation’s four major banks, saying they suffer from “a lot of hubris” and...
Most Asian currencies weaken as North Korea concerns ease
MOST ASIAN currencies weakened on Tuesday as the US dollar strengthened for a second day as Hurricane Irma proved not as destructive as first...
Japan’s regional banks turn to private equity, hedge funds for returns
JAPAN’S regional banks are turning toward private equity, hedge funds and real estate in search of higher returns as regulatory concerns restrict ownership of...
Gov’t fully awards T-bills as yields drop
TREASURY BILLS (T-bills) on offer yesterday were fully awarded and more than thrice oversubscribed as they fetched lower yields, as liquidity was released resulting...
Bangko Sentral may need to hike rates amid rising inflation, weakening peso
By Melissa Luz T. Lopez,
Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) would need to raise rates twice next year in order to catch up...
Peso dips amid lack of fresh leads
THE PESO traded sideways on Monday as it consolidated below P50 trading level amid the lack of fresh leads.
The local currency closed at P50.905...