TransUnion’s new-to-credit accounts grow on rise in millennial borrowers
TRANSUNION Philippines saw continued growth in new credit accounts opened by millennials last year on the back of improving finances and technology.
Federal Reserve’s Williams says strong economy warrants further rate hikes
FEDERAL RESERVE Bank of New York President John Williams gave an optimistic review of the US economy, reiterated his support for further gradual interest-rate increases and expressed no concern that market participants have dialed back expectations for policy tightening in 2019.
Peso sinks to 3-week low
THE PESO plunged further against the dollar to hit a three-week low on Wednesday on profit taking amid slower inflation print for last month.
Gov’t fully awards T-bonds, reopens tap facility
THE GOVERNMENT made a full award of the 10-year Treasury bonds (T-bond) it auctioned off on Tuesday and opened its tap facility once more to take advantage of overwhelming investor demand.
Banks’ net interest margins seen to expand as rates rise
PHILIPPINE BANKS are expected to expand their net interest margins (NIM) in 2019 as market interest rates rise, Fitch Ratings said, noting that pressures on asset quality, fee income and operating expenses will be modest.
Allianz, MSI shortlisted for Malaysian car insurer
ALLIANZ MALAYSIA Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for AmGeneral Insurance Bhd., in a deal that could value Malaysia’s second-biggest car insurer at about $800 million, people with knowledge of the matter said.
Europe set to challenge dollar’s dominance
THE EUROPEAN UNION (EU) is set to unveil plans for challenging the dollar’s dominance in global markets, including energy, as it seeks to strengthen the international role of its currency and become more independent from the US amid a widening rift in transatlantic ties.
Peso weakens ahead of inflation report
THE PESO declined against the dollar on Tuesday as the market looked ahead to the inflation data to be released today.
Gov’t makes full award of T-bills with offer twice oversubscribed
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off on Monday, with the rate of the longest tenor even slipping a tad as investors expect inflation to decelerate.
UnionBank upsizes peso-denominated bond issue
UNIONBANK of the Philippines has increased the issue size of its maiden peso-denominated bond issue to accommodate demand from investors.
ECB ballot hints at tactics for jobs overhaul
WHEN European Central Bank (ECB) policy makers cast a secret ballot to select a new supervisory head, it was with their future leadership on their minds, according to euro-area officials familiar with the matter.
Peso climbs against dollar as US, China declare trade truce
THE PESO continued to strengthen versus the dollar on Monday following the positive developments in the G-20 Summit.