Negative rates starting to worry ECB
FIVE WEEKS since Mario Draghi retired from running the European Central Bank (ECB), finding an outright fan of his legacy of negative interest rates has become a lot harder.
Reserve Bank of India unexpectedly holds benchmark interest rate as inflation spikes
INDIA’S CENTRAL BANK unexpectedly kept its benchmark interest rate unchanged as headline inflation breached its medium-term target for the first time in more than a year.
Life insurers in Japan are taking more dollar risks
AS THE DECADE that welcomed unprecedented quantitative easing (QE) comes to a close one thing is clear: Japan life insurers are taking more and more risk with their investments.
Australian banks need extra $8.5B to meet tougher rules
WELLINGTON/HONG KONG — Australia’s major banks shrugged off concerns about further weakness in dividend payout ratios and earnings downgrades after New Zealand announced tougher capital requirements on Thursday.
Winners galore
By J. Albert Gamboa
Kudos to the Filipino athletes who achieved podium finishes in the ongoing Southeast Asian (SEA) Games. At the rate they’re winning medals, it is almost certain that Team Philippines will become the overall champion of the 30th SEA Games just like when we last hosted the biennial event in 2005.
Peso rebounds on inflation, US-China trade talks
THE PESO regained its strength versus the dollar on Thursday as markets picked up a sense of optimism that trade talks between the US and China are still in progress despite the situation in some of China’s territories and following data showing manageable inflation in November.
TDF yields up on bets of rising inflation
YIELDS ON term deposits went up amid fewer bids, with the market factoring in an uptick in inflation after two months of slowdown.
Fitch flags emerging asset quality issues for Philippine banks amid credit growth
AMID A supportive economic environment in the Philippines, emerging asset quality issues may be hard to spot amid rapid credit growth, according to Fitch Ratings.
RCBC Bankard targets higher card issuance
RCBC BANKARD Services Corp. has reached its full-year target for credit card issuance and is eyeing grow its pool to breach the one million mark in second semester next year.
Australian fund managers are already betting on quantitative easing
AUSTRALIAN asset managers are gearing up for what was once unthinkable: the prospect of quantitative easing (QE) in their own backyard.
Peso down on trade deal issues
THE PESO weakened to the P51-per-dollar level anew on Wednesday following US President Donald J. Trump’s statement on Tuesday that he has “no deadline” for a phase one deal with China amid their ongoing trade war.
Rural banks looking to digitize operations to boost efficiency
RURAL BANKS are joining their larger peers as they go into digitizing their operations to improve efficiency and to ramp up their push for financial inclusion.