US options markets take beating in Barclays trader’s criminal manipulation case
ALLEGATIONS OF criminal market manipulation against a Barclays Plc foreign-exchange trader were tossed in the middle of a trial by a judge, who determined that US options markets are more akin to a poker game in “the Wild West” than one governed by clearly defined rules of trust.
Peso plunges on BSP chief pick
THE PESO plunged against the dollar on Tuesday, dragged by market uncertainty following the appointment of Budget Secretary Benjamin E. Diokno as the new Bangko Sentral ng Pilipinas (BSP) chief.
Gov’t partially awards six-month T-bills
THE GOVERNMENT went with a partial award of the Treasury bills (T-bill) it offered yesterday, finding room to reject higher yields as its retail bond sale has chalked up P173 billion so far.
SSS targets to implement hike in contribution rate within first half
THE CONTRIBUTION RATE increase of the Social Security System (SSS) is expected to be implemented within the first half of the year once the implementing rules and regulations (IRR) of the pension fund’s newly amended charter are finalized.
BoJ to debate easing exit at right time, Kuroda says
TOKYO — Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Monday the central bank would debate and communicate at an appropriate timing an exit plan from its ultra-loose monetary policy.
Australia’s credit squeeze creates policy conundrum
AUSTRALIANS are borrowing and spending less at the same time as firms are hiring and investing more, creating a conundrum for policy makers trying to ascertain just what the economy requires.
Peso declines on profit taking
THE PESO depreciated slightly against the dollar on Monday as market players took profit following the local unit’s rally last week.
T-bill rates to end mixed ahead of RTB offer’s end
RATES OF Treasury bills (T-bill) on offer today will likely end mixed as market players await the final result of the retail Treasury bond (RTB) sale.
Yields on gov’t securities up slightly on retail bonds
YIELDS ON government securities (GS) went up slightly following the auction of retail Treasury bonds (RTB), the release of the US gross domestic product (GDP) growth report, and expectations of within-target domestic inflation.
Peso seen sideways on US-China
THE PESO is expected to move sideways against the dollar this week on the back of continued optimism on the trade negotiations between US and China and amid dovish bets on the European Central Bank (ECB) policy meeting.
UnionBank’s thrift arm CitySavings completes merger with PR Savings
THE THRIFT BANKING arm of UnionBank of the Philippines, Inc. has completed its consolidation with Philippine Resources Savings Banking Corp. (PR Savings Bank), in line with the central bank’s efforts to strengthen the industry through lenders’ mergers and acquisitions.
Metrobank 2018 net profit rises 21% amid growth in loans
METROPOLITAN Bank & Trust Co. (Metrobank) said net profit rose 21% in 2018, buoyed by the healthy expansion in loans.