Spotlight on Draghi as ECB holds key meeting

FRANKFURT -- The spotlight shines on Mario Draghi once again. The European Central Bank (ECB) president has to reconcile an economic dichotomy of robust growth with...

Citi to hire 100 wealth advisers in Australia in millionaire push

CITIGROUP Inc. is planning to hire 100 wealth advisers in Australia over the next three years as it seeks to triple its number of...

BSP ready to ‘neutralize’ speculative peso trading

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will not tolerate speculators who seek to make wide margins from excessive swings...

EastWest lists LTNCDs

EAST WEST Banking Corp. (EastWest Bank) listed a fresh tranche of long-term debt notes on the Philippine Dealing & Exchange Corp. (PDEx) last week, completing...

Peso ends flat on profit taking

THE PESO moved sideways yesterday amid mixed global developments, which was capped by profit taking as well as quiet trading as financial markets in...

Hong Kong, Singapore in talks to grab larger share of global derivatives mart

HONG KONG -- Hong Kong and Singapore are seeking to snare a bigger share of the $540-trillion global derivatives business, taking advantage of tough new...

People’s Bank of China says initial coin offerings illegal

CHINA’S central bank said that initial coin offerings (ICO) are illegal and have asked all related fund-raising activity to be halted immediately, according to...

T-bond rates to move sideways

YIELDS on Treasury bonds (T-bonds) on offer tomorrow may move sideways, with demand to remain healthy on the back of ample liquidity, amid geopolitical concerns offshore. The...

Peso expected to climb on weak US jobs report

THE PESO will likely trade higher against the dollar this week on the back of softer-than-expected US labor data and ahead of the European...

Yields on gov’t debt drop

By Christine J.S. Castañeda, Researcher YIELDS on government securities (GS) traded in the secondary market went down last week amid Bangko Sentral ng Pilipinas’ (BSP) decision...

Liquidity, credit growth pick up in July

By Melissa Luz T. Lopez, Senior Reporter MORE MONEY circulated in the economy in July as bank lending grew by a fifth, the Bangko Sentral ng...

Pag-IBIG Fund exceeds cash loan target in first half as takeouts rise

STATE-RUN Pag-IBIG Fund saw a climb in its cash loan takeout in the first six months of the year, breaching its target for the...