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Asian shares under pressure on rising coronavirus cases

Swati Pandey, Reuters
Posted at Jan 25 09:48 AM

Asian shares were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. Read more »

Asian markets set for messy open after U.S. stocks peak following Biden inauguration

Jessica DiNapoli, Reuters
Posted at Jan 22 09:46 AM

Asian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic stimulus to counteract the COVID-19 pandemic promised by newly inaugurated U.S. President Joe Biden. Read more »

Oil slips on coronavirus fears, strong dollar

Bozorgmehr Sharafedin, Reuters
Posted at Jan 19 11:42 AM

Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the coronavirus outweighed a better-than-expected quarterly rebound for China's economy.   Read more »

Hit by pandemic, eurozone sees ghost of the debt crisis

Alex Pigman, Agence France-Presse
Posted at Jan 19 09:41 AM

European governments fear the Covid-19 pandemic will punish the most fragile economies the hardest, widening gaps between EU member states and reviving memories of the eurozone debt crisis. Read more »

Asia shares step back, await China economic update

Reuters
Posted at Jan 18 10:00 AM

SYDNEY - Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy. Read more »

PH dollar reserves up to $109.8 billion in December: BSP

ABS-CBN News
Posted at Jan 15 03:42 PM

MANILA - The country's gross international reserves (GIR) for the whole year of 2020 rose to $109.8 billion in December, up $4.98 billion from $104.82 billion the month earlier.   Read more »

Asia shares mostly lower amid rising coronavirus cases, Washington turmoil

Chibuike Oguh, Reuters
Posted at Jan 12 09:28 AM

Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season. Read more »

Asia shares start new year in upbeat mood, much already priced in

Reuters
Posted at Jan 04 09:14 AM

Asian share markets got the new year off to a solid start on Monday on expectations central banks will keep money super cheap while the rollout of coronavirus vaccines helps slowly revive the global economy. Read more »

Asian shares hit record high as investors bet on recovery next year

Hideyuki Sano, Reuters
Posted at Dec 30 11:40 AM

Asian shares hit a record high on Wednesday as investors bet on a strong economic recovery next year, as there is little sign policymakers wind back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns. Read more »

Will the US dollar’s slide erode its status as the world’s currency of choice?

Karen Yeung, South China Morning Post
Posted at Dec 16 12:51 PM

In October, the US dollar lost its crown as the world’s most used global payments currency, slipping behind the euro for the first time since August 2013. Its share in global currency reserves is still dominant, but geopolitics and near-zero US interest rates have countries and investors looking for alternatives. Read more »

PH dollar reserves rise to an all-time high in November

ABS-CBN News
Posted at Dec 16 11:09 AM

The country's GIR rose to $104.51 billion, up by $710 million from $103.80 billion in October. Read more »

Philippines launches new long-term U.S. dollar bonds issue

Neil Jerome Morales and Karen Lema, Reuters
Updated as of Dec 02 04:32 PM

The Philippine government launched an offering of 10.5-year and 25-year U.S. dollar-denominated bonds on Wednesday to raise funds needed to mitigate the economic damage of the coronavirus pandemic.   Read more »

US dollar drops to lowest in more than 2 years

ABS-CBN News
Posted at Dec 01 12:14 AM

 The US dollar hit its lowest in two and a half years on Monday as broad risk sentiment improved overall, with investors looking to President-elect Joe Biden's economic team that is likely to push for more stimulus to counter the shock from the coronavirus pandemic. Read more »

Bangko Sentral should weaken peso to stimulate economy: economist

ABS-CBN News
Posted at Nov 09 01:27 PM

The Bangko Sentral ng Pilipinas should weaken the peso to stimulate the economy as simply easing monetary policy does not work during recessions, an economist said on Monday.  Read more »

Cash remittances decline 4.1 pct in August: BSP

ABS-CBN News
Posted at Oct 15 12:21 PM

Cash remittances coursed through banks dropped 4.1 percent in August due to reduced remittances from both land-based and sea-based workers, the Bangko Sentral ng Pilipinas said Thursday.    Read more »

Stocks creep higher on U.S. stimulus hopes, yuan sinks

Tom Westbrook, Reuters
Posted at Oct 12 08:37 AM

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. Read more »

ECB 'ready to act' on strong euro: board member

Jean-Philippe Lacour, Agence France-Presse
Posted at Sep 16 09:54 PM

The European Central Bank is "ready to act" to rein in the euro as it rises against the dollar, a member of the ECB's executive board told AFP. Read more »

BSP to 'actively trade' gold as precious metal prices soar

ABS-CBN News
Posted at Sep 07 10:58 AM

The Bangko Sentral ng Pilipinas will start trading gold as prices surge due to the "decreasing confidence" in US dollars, Governor Benjamin Diokno said Monday Read more »

Cash remittances drop in May due to repatriation, limited bank operations

ABS-CBN News
Posted at Aug 03 11:32 AM

Cash remittances from overseas Filipinos dropped in May due to limited bank operations and repatriation of overseas workers due to the coronavirus pandemic, the Bangko Sentral ng Pilipinas said Monday. Read more »

Where is all that gold being stored?

Danielle Braff, The New York Times
Updated as of Jul 29 01:04 PM

Gold has reached record high prices in recent days. A survey of 1,000 people by Magnify Money found that 1 out of 6 have invested in gold or other precious metals since May, and about half of Americans are seriously thinking about buying gold.  Read more »