Receding risks may give BoJ room to tweak guidance
TOKYO — The Bank of Japan (BoJ) could consider watering down later this year its commitment to keep or cut its rock-bottom interest rates, if pessimism over the global outlook continues to recede, sources say.
Malaysia cuts policy rate
MALAYSIA’S CENTRAL BANK unexpectedly cut its benchmark interest rate Wednesday, the latest emerging market to ease monetary policy amid an uncertain global economy.
Indonesia set to tighten scrutiny of insurers
WITH INDONESIA’S oldest life insurer tottering on the brink of collapse following years of alleged mismanagement, authorities plan to tighten surveillance of the industry by overhauling regulations and setting up a rescue agency.
Peso rebounds on profit taking ahead of GDP data
THE PESO rebounded on Wednesday after five straight days of depreciation as the market went profit taking a day before the release of data on the country’s growth for the fourth quarter.
Gov’t makes partial award of 7-year bonds
THE GOVERNMENT made a partial award of its offer of seven-year Treasury bonds (T-bonds) yesterday as investors asked for higher rates.
Bank of Japan stands pat on rates, raises economic growth forecasts
THE BANK OF Japan (BoJ) took a brighter view of the economy and left its main policy settings unchanged Tuesday, offering a further indication that it is unlikely to add to its stimulus.
PHL banking sector seen to weather risks this year on economy’s strength
BANKING SYSTEMS in emerging economies will face three key risks in 2020, including uncertainties from geopolitical and domestic policies, deterioration in asset-quality indicators, and risks coming from volatile investor sentiments, according to S&P Global Ratings.
‘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.