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Explosion in forex volatility due to coronavirus cheers some, bruises others

Saqib Iqbal Ahmed, Reuters
Posted at Mar 12 08:03 AM

Investors are scrambling to adjust their portfolios to a surge of volatility in foreign exchange markets, as the coronavirus outbreak and massive swings in oil prices roil currencies around the globe. Read more »

Entry, exit of large sums of cash allowed under PH law: Customs bureau

ABS-CBN News
Posted at Mar 04 11:44 AM

The Philippines allows travelers to bring in and out of the country large sums of cash as long as it is declared, the Bureau of Customs said Wednesday as lawmakers look into foreigners' alleged money laundering activities. Read more »

Customs bureau says travelers declaring huge amounts of cash identified

ABS-CBN News
Updated as of Mar 01 04:43 PM

The Bureau of Customs on Sunday said it has identified several groups of travelers declaring a huge amount of foreign currency as lawmakers flagged alleged money laundering activities. Read more »

PH peso depreciating in medium to long-term: analyst

ABS-CBN News
Posted at Feb 22 12:54 AM

Asian currencies take a hit from the continued spread of the new coronavirus. Read more »

US Treasury removes currency manipulator label on China

Agence France-Presse
Posted at Jan 14 08:34 PM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the economic powers after nearly two years of conflict. Read more »

US Treasury reverses currency manipulator label for China

Agence France-Presse
Updated as of Jan 14 08:19 AM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly 2 years of conflict.  Read more »

Hackers cripple airport currency exchanges, seek $6 million ransom

Amie Tsang, The New York Times
Updated as of Jan 10 08:50 AM

The disruption has also affected banks like Barclays, Royal Bank of Scotland and HSBC, which have been unable to fulfill foreign currency orders for their customers. Read more »

Safe-haven currencies in demand amid US-Iran tension

Olga Cotaga, Reuters
Posted at Jan 06 09:09 PM

The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted over a possible escalation of tensions in the Middle East. Read more »

Dollar off to a flat start for 2020 as others find the fizz

Wayne Cole, Reuters
Posted at Jan 02 02:41 PM

The dollar started the new year where it left the old one, on the back foot as investors wagered US economic outperformance might be drawing to a close as optimism on trade brightens the outlook for growth globally. Read more »

US dollar eases, on track for smallest return in 6 years

Swati Pandey, Reuters
Posted at Dec 31 10:21 AM

The dollar dipped to a near 3-week low against the yen in thin year-end volume on Tuesday as investors favored riskier assets, led by renewed optimism about global growth. Read more »

THE DAY IN PHOTOS: December 17, 2019

ABS-CBN News
Updated as of Dec 18 02:25 AM

Here are the big stories today in photos. Read more »

Baryang P20, bagong disenyo ng P5 coin inilabas na

ABS-CBN News
Updated as of Dec 17 05:31 PM

Inilabas na ng Bangko Sentral ng Pilipinas ang baryang P20, na papalit sa papel na bersyon ng pera, pati ang bagong disenyo ng P5 coin. Read more »

BSP launches new 20-piso coin

Jonathan Cellona, ABS-CBN News
Updated as of Dec 17 03:26 PM

Central Bank Governor Benjamin Diokno holds a newly minted set of 20-piso and Enhanced 5-piso NGC coins at the Executive Business Center at the Bangko Sentral ng Pilipinas, (BSP) in Manila on Tuesday. Read more »

Bangko Sentral launches new P20 coin, enhanced P5

Bruce Rodriguez, ABS-CBN News
Updated as of Dec 17 11:44 AM

The P20 coin retains the image of former President Manuel L. Quezon on the front side, and the BSP logo and the Malacañang Palace on the flip side. Read more »

The world’s No. 1 Forex Trading school celebrates its 3rd year of excellence in the PH

Frances Sales
Updated as of Nov 09 08:07 PM

More Filipinos are learning to sharpen their trading skills to achieve financial success. Read more »

Lalaking namili ng alak, yosi nahulihan ng pekeng pera sa Iloilo

ABS-CBN News
Posted at Nov 07 01:06 PM

Umabot sa P48,500 halaga ng pekeng pera ang narekober umano sa suspek nang inspeksiyunin matapos maaresto, ayon sa mga awtoridad.    Read more »

Xi's pep talk on blockchain lifts Chinese tech shares

Agence France-Presse
Posted at Oct 28 04:26 PM

Dozens of tech shares seen as benefitting from a blockchain boom soared by the 10 percent daily limit allowed on China's main exchanges after Xi made the comments in a meeting of top Communist Party leaders focused on the sector.   Read more »

Peso outlook ‘neutral' with strong fundamentals as buffer: Fitch Solutions

ABS-CBN News
Updated as of Oct 07 11:32 AM

Fears on global growth pose risks to ASEAN currencies but the Philippines’ strong reserve, strong foreign direct investment (FDI) inflows and the recent policy rate cuts are “real positive story for the peso,” Fitch Solutions senior country risk analyst Michael Langham told ANC.  Read more »

PayPal abandons Facebook-backed Libra cryptocurrency group

Glenn Chapman, Agence France-Presse
Posted at Oct 05 08:28 AM

Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators. Read more »

Libra partners reconsider as governments grumble: report

Agence France-Presse
Posted at Oct 02 09:16 AM

Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. Read more »