Peso climbs as markets hope for US-China deal
THE PESO rose on Monday amid optimism on the trade talks between the United States and China, even as US President Donald Trump expressed reluctance to seal a deal in the near term.
Treasury bill rates likely to drop on weaker peso, recession fears
TREASURY BILLS (T-bill) on offer today are seen to fetch lower rates on the back of the weakening peso and amid fears of a global recession.
Peso to trade sideways
THE PESO is seen to trade sideways this week as the market awaits developments in the ongoing trade dispute between the world’s two largest economies.
US eyes 50- and 100-year debt
WITH interest rates on 30-year US debt hitting all-time lows last week, the government is once again considering whether to start borrowing for even longer.
Yields on gov’t securities end flat as US curve inverts
YIELDS ON government debt papers traded at the secondary market were flat last Friday amid a slew of developments, most notably the inversion of the US Treasury yield curve, driving investors towards safe-haven assets.
Bill seeks regulation of ATM transaction fees
THE Bayan Muna Party-list has refiled a bill regulating fees and charges on transactions done via automated teller machines (ATM).
Peso gains ground on upbeat US data
THE PESO ended stronger on Friday as traders took profit after favorable July retail sales data from the United States.
BPI eyeing fresh dollar bond issuance this year
AYALA-LED Bank of the Philippine Islands (BPI) will remain “opportunistic” in tapping the dollar bond market this year for its funding requirements, a senior bank official said on Thursday.
Philippine Bank of Communications posts higher Q2 net income
PHILIPPINE BANK of Communications (PBCom) and its subsidiaries booked higher earnings in the second quarter on higher income from service charges, fees and commissions and a recovery in trading gains.
Deutsche Bank chair searches for successor
DEUTSCHE BANK AG Supervisory Board Chairman Paul Achleitner is searching for his successor after overseeing a tumultuous period marked by multiple restructurings, top management changes and a slumping share price.
Jobs boon at risk as RBA warns firms vs turning glum
SYDNEY — As the Sino-US trade war raise fears of a global recession, businesses run the risk of being caught in a self-fulfilling vicious cycle, a top Australian central banker warned on Thursday, threatening the country’s sturdy jobs market.
Gap in Chinese bond rates hides risks as defaults rise
AS CHINA moves toward a more market-based approach to determining the cost of money in its economy, one metric suggests corporate debt is going in the opposite direction.