‘Green swan’ climate event could trigger global crisis
CLIMATE CHANGE threatens to provoke “green swan” events that could trigger a systemic financial crisis unless authorities act against such risks, according to the Bank for International Settlements (BIS).
JPMorgan Chase says ‘oui’ to Paris expansion post-Brexit
PARIS — JPMorgan Chase & Co. is the latest investment bank to significantly expand its Paris hub as part of plans to relocate some services from London after Britain’s exit from the European Union (EU), snapping up new premises in the French capital.
Chinese regulator tightens overseas derivative trading rules for state-owned firms
SHANGHAI/SINGAPORE — China’s state asset regulator on Monday urged central government-owned companies to better manage risks in overseas derivative trading as it increases regulatory oversight to prevent future trading losses.
Peso drops ahead of GDP
THE PESO continued to weaken on Tuesday due to uncertainties from regulatory risks and as the market awaits data on the country’s economic growth in the fourth quarter.
T-bills partially awarded as rates climb
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off yesterday as rates increased across-the-board amid continued worries due to the Taal Volcano eruption, which has already been considered as an upside risk to inflation.
BDO eyes P5B from bond offering
BDO Unibank, Inc. is looking to raise P5 billion via the fixed-rate bonds it began offering on Monday to diversify its funding sources and support its lending activities.
UnionBank to redeem Tier 2 notes
UNIONBANK OF THE Philippines, Inc. is set to redeem P7.2 billion worth of unsecured subordinated notes on Feb. 20 as it has exercised its call option for the papers.
Lagarde prepares to modernize ECB with a plan for the 2020s
CHRISTINE LAGARDE is poised to make her mark as president of the European Central Bank (ECB) by firing the starter gun on its biggest-ever strategy review.
BoJ’s negative rate policy has not boosted economy, prices — Reuters poll
TOKYO — The Bank of Japan’s (BoJ) negative interest rate policy has had little positive impact on the economy and prices, over half of economists surveyed by Reuters said.
UBS faces uphill battle to regain ground after Hong Kong IPO sponsor ban lifted
HONG KONG — UBS Group AG is likely to have a hard time regaining ground lost in the 10 months it was banned from the big-money business of sponsoring initial public offerings (IPO) in Hong Kong, where Chinese rivals have become formidable players, bankers and analysts said.
Peso weakens on worries over Middle East tensions
THE peso weakened on Monday amid declines in the local stock market and as worries over oil prices arose amid tensions in the Middle East.
T-bills, T-bonds to fetch higher rates on GDP data
YIELDS ON THE government securities on offer this week will likely inch up ahead of the fourth-quarter gross domestic product (GDP) data which will be released on Thursday.