Cryptocurrency traders protest Indonesia’s new futures rules
JAKARTA — Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which require high minimum capital for traders, will hinder development of the young but growing market.
Peso plunges vs dollar
THE PESO plunged against the dollar on Thursday propelled by optimism on the US-China trade negotiations.
Yields on term deposits inch up
APPETITE FOR term deposits picked up this week, pushing yields slightly higher as banks sought bigger returns for their excess cash.
Investors most bullish on US Treasuries since September 2016 — survey
NEW YORK — Bond investors were the most bullish about owning US longer-dated government debt since September 2016, a couple of months before Donald Trump was elected US president, a J.P. Morgan survey showed on Tuesday.
Peso weakens ahead of US inflation data
THE PESO weakened against the greenback on Wednesday, even as it breached the P51 level intraday, as market players awaited the release of US inflation data.
Treasury fully awards seven-year bonds
THE government made a full award of the seven-year Treasury bonds (T-bond) it placed on the auction block on Tuesday, indicating strong investor demand for medium-term instruments.
Bank of Taiwan starts operations in Philippines
THE Bank of Taiwan has started its operations in the Philippines, the central bank said, which comes months after receiving its license from the regulator.
Russia expects to recover far less from ‘bad bank’ assets — sources
MOSCOW — Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank.
RBNZ may be next central bank to turn dovish as worries grow
NEW ZEALAND’S central bank may acknowledge the rising risk of an interest-rate cut when it delivers its first policy decision of the year.
Peso recovers against dollar on ‘slightly better’ trade data
THE PESO recovered against the dollar on Tuesday following the resumption of trade talks between the United States and China as well as the country’s “slightly better” December trade data.
Gov’t makes full award of T-bills
THE GOVERNMENT once again made a full award of the Treasury bills it offered on Monday, amid robust demand following the decision of the local and US central banks to keep interest rates steady.
Rediscount loans hit P14.5B in January
BANKS TAPPED the rediscount window of the Bangko Sentral ng Pilipinas (BSP) as the year opened, with the extra cash meant to support import payments and capital spending.