Dominguez vows recoup funds in saving UCPB
MANILA – Finance
Secretary Carlos Dominguez III said that all means will be exhausted to recover
government’s investment in United Coconut Planters Bank (UCPB), which may...
Global stocks tumble as Chinese yuan sinks
LONDON - World stock markets plunged Monday and the
Chinese yuan fell sharply in reaction to US President Donald Trump vowing to
impose fresh tariffs on...
Low inflation sets stage for rate cut
MANILA - Inflation cooled further in July, holding
within monetary authorities’ target range for the sixth straight month, and
setting the stage for another reduction in...
Local markets weaken on global trade concerns
MANILA - Trade concerns continued to cast a dark
shadow over both the Philippine Stock Exchange index (PSEi) and the peso
Monday.
The local
equities gauge declined 2.95...
US designates China as a ‘currency manipulator’
WASHINGTON - The United States on Monday formally named
China a currency manipulator, accusing Beijing of weakening the yuan as the two
countries’ trade war escalates.
The...
China halts buying of US farm products
BEIJING - Chinese companies have stopped buying US (United
States) agricultural products, China’s Commerce Ministry said on Tuesday, a
blow to US farmers who have already...
Asian shares hit 2-month lows
SYDNEY - Asian shares extended their losses on Monday
as a sharp escalation in the Sino-US trade war kept financial markets on edge,
while the Japanese...
DBP puts up lending window for housing developers
State-owned
Development Bank of the Philippines (DBP) has opened a new financing facility
aimed at assisting housing developers to expand their housing projects through
DBP’s purchase of...
Stock market unaffected, peso weakens after Fed rate cut
ILOILO City - Last
week, the United States Federal Reserve cut the benchmark federal funds rate by 0.25 percent, the first time in a decade...
Flights canceled due to Hong Kong protests
MANILA - Several flights to and from Hong Kong were
canceled as pro-democracy protesters launched a city-wide strike to pressure
embattled pro-Beijing leaders, authorities said. As...