Peso weakens as stock investors take profit
THE peso further weakened on Thursday as investors took profit in US stocks amid the rising number of cases of coronavirus disease 2019 (COVID-19) abroad.
Term deposit yields inch higher on wider August budget deficit
YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly inched up on Wednesday following the release of data showing a budget deficit in August.
BSP allows UITF distribution via third parties
TRUST CORPORATIONS will now be allowed to sell unit investment trust funds (UITFs) through individual and institutional agents to level their playing field with banks that have broad distribution networks, the central bank said.
Peso inches down vs dollar
THE PESO inched lower versus the dollar on Wednesday after the government posted a wider budget deficit in August amid lower revenues.
Crypto is beating gold as 2020’s top asset so far
A cryptocurrency mania known as decentralized finance has helped to turn digital currencies into this year’s best-performing asset by far.
Treasury rejects all tenders for 10-year bonds as yields go up
THE GOVERNMENT rejected all bids for its offer of reissued 10-year Treasury bonds (T-bonds) on Tuesday as investors sought higher yields amid expectations the central bank will keep rates steady in the near term.
Deutsche Bank leaders were warned of lapses
DEUTSCHE BANK AG’s top leaders were warned multiple times about serious compliance failures that exposed the bank to money launderers, a news investigation shows.
Peso weakens as sentiment sours on virus fears
THE PESO weakened on Tuesday amid worsening sentiment as coronavirus disease 2019 (COVID-19) cases continue to rise.
Gov’t fully awards T-bills even as investors ask for higher rates
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates rose across-the-board amid expectations of steady borrowing costs for the rest of the year.
Money service firms linked to suspicious transactions
A NUMBER of local money service businesses were found to have allowed transactions from unknown customers to unverified entities even before the massive Bangladesh Bank heist in 2016, showing the country is an “attractive venue for financial crime,” a report found.
Peso climbs on local data, US central bank decision
THE PESO strengthened against the dollar on Monday after the country’s current account deficit narrowed in the second quarter and the US Federal Reserve last week said it would keep rates near zero.
HSBC HK shares drop to lowest since 1995, StanChart falls after ‘FinCEN’ leak
HONG KONG — HSBC and Standard Chartered’s Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums...