Nomura chief executive’s next task is avoiding a cut to firm’s credit rating
NOMURA HOLDINGS Inc. Chief Executive Officer Koji Nagai, who narrowly escaped an attempt to oust him last week, now faces the challenge of demonstrating to credit-rating companies that his latest turnaround plan will succeed where two previous efforts failed.
BSP releases banknotes with Diokno’s signature
THE Bangko Sentral ng Pilipinas (BSP) launched on Wednesday banknotes bearing the signature of central bank chief Benjamin E. Diokno.
Peso weakens further
THE PESO weakened further against the dollar on Wednesday as market participants await economic data to be released later this week.
Gov’t makes full award of 3-year T-bonds
THE GOVERNMENT fully awarded the fresh three-year Treasury bonds (T-bond) it offered on Tuesday on the back of strong demand from the market due to additional liquidity from recent cuts to banks’ reserve requirement ratio (RRR).
PSBank starts offer of peso bonds
PHILIPPINE SAVINGS BANK (PSBank) is looking to raise P3 billion via two-year bonds to diversify its funding sources and expand its consumer business.
RCBC Bankard looking to issue five million cards over 10 years
THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) eyes to issue five million cards over the next 10 years, as it sees growth in the non-card debt segment.
Australia goes for back-to-back rate cuts, keeps option for more
AUSTRALIA executed its first back-to-back interest-rate cuts in seven years and left the door open for additional easing as policy makers attempt to support a slowing economy and try to rekindle dormant inflation.
Peso declines against dollar ahead of key economic data
THE PESO weakened slightly against the dollar on Tuesday amid market uncertainty ahead of key economic data releases here and in the United States.
Peso appreciation to slow in the near term ahead of BSP easing
THE PESO is seen to strengthen at a slower pace over the near term as market optimism on cooling US-China trade tensions fades and ahead of further monetary easing by the local central bank, Fitch Solutions said.
Preserve your ammunition, BIS urges top central banks
LONDON — Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.
Bank Indonesia looking for right time to cut rates
INDONESIA’S central bank, one of the most aggressive interest rate hikers in Asia last year, is taking its time to lower rates.
Deutsche Bank plans to cut as many as 20,000 jobs in revamp
DEUTSCHE BANK AG is considering slashing headcount by more than a fifth in what’s shaping up to be its biggest makeover in years, two people familiar with the matter said.