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Trump flirts with currency war in escalating conflict with China

Heather Scott, Agence France-Presse
Updated as of Aug 09 09:33 AM

President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong US dollar. Read more »

US designates China as a 'currency manipulator'

Agence France-Presse
Updated as of Aug 06 08:15 AM

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. Read more »

Cash remittances hit $2.6-B in May

ABS-CBN News
Updated as of Jul 15 06:03 PM

This brought cash remittances in the first 5 months of the year to $12.3 billion, 4.5 percent higher than in the same period in 2018.  Read more »

Trump accuses China, Europe of currency manipulation, stimulus

Agence France-Presse
Updated as of Jul 04 06:32 AM

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States. Read more »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

Reuters
Updated as of Jul 03 08:11 AM

Bitcoin skidded as much as 9 percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original cryptocurrency hit an 18-month-high last week. Read more »

Yen sags, yuan soars after US-China trade truce

Reuters
Posted at Jul 01 07:05 AM

The yen sagged and the yuan rose in early Monday trade after the United States and China agreed to restart trade talks as US President Donald Trump offered concessions on new tariffs and restrictions on tech company Huawei.   Read more »

Peso strongest in 16 months as dollar weakens, Fed signals easing

ABS-CBN News
Updated as of Jun 25 10:07 PM

The Philippine peso touched its strongest level since February last year as the dollar fell against a basket of currencies amid the prospect of monetary easing by the Federal Reserve.  Read more »

Cash remittances up 4 percent in April

ABS-CBN News
Posted at Jun 17 03:23 PM

Cash remittances from overseas Filipinos reached $2.4 billion in April, up 4 percent from the same month last year. Read more »

Net inflows of foreign direct investments fell in first quarter

ABS-CBN News
Posted at Jun 10 05:35 PM

Net inflows of foreign direct investments (FDI) in the Philippines fell in the first three months of the year, the Bangko Sentral ng Pilipinas said Monday.  Read more »

US Treasury again says China is not manipulating currency

Agence France-Presse
Posted at May 29 07:16 AM

The US Treasury again found that neither China nor any other trading partners was manipulating its currency, according to the semi-annual report released Tuesday.  Read more »

Pound set for longest losing streak vs euro as Brexit plan disintegrates

Abhinav Ramnarayan and Saikat Chatterjee, Reuters
Posted at May 22 08:11 PM

Sterling fell broadly on Wednesday and was on track for its longest ever losing streak against the euro as Prime Minister Theresa May's last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party. Read more »

Gross international reserves up for 6th straight month in April

ABS-CBN News
Updated as of May 07 05:21 PM

The GIR rose to $83.96 billion last month from $83.61 in March, the BSP said, citing preliminary data. Read more »

JG Summit net income down on 'perfect storm' of fuel, peso

ABS-CBN News
Updated as of Apr 16 11:42 AM

The holding form of taipan John Gokongwei said Cebu Pacific, JG Summit Petrochemicals and Universal Robina were exposed to oil and foreign exchange shocks. Read more »

Swiss National Bank posts $14.9 billion loss

Agence France-Presse
Posted at Mar 05 07:26 AM

The Swiss National Bank on Monday posted an annual loss of 14.9 billion Swiss francs ($14.9 billion), as it continued to deploy a range of tactics to keep the franc's value under control.    Read more »

PH posts $2.7-B balance of payments surplus in January

ABS-CBN News
Updated as of Feb 19 07:47 PM

This was a reversal of the $531 million BOP deficit recorded in January 2018, the BSP said.  Read more »

Apple bombshell sends investors to safe havens, 'flash crash' jolts currencies

Josephine Mason and Helen Reid, Reuters
Posted at Jan 03 10:06 PM

Apple's rare warning on revenue rocked financial markets on Thursday, as investors sought safety in bonds and less risky assets amid renewed concerns about slowing global economic and corporate growth. Read more »

PH posts balance of payments surplus in Nov

Reuters
Posted at Dec 19 03:05 PM

The country's overall balance of payments (BOP) position yielded a surplus of $847 million in November 2018, a reversal from the $44 million deficit recorded in the same month last year.  Read more »

PH posts balance of payments surplus in Nov

Reuters
Posted at Dec 19 02:04 PM

The country's overall balance of payments (BOP) position yielded a surplus of $847 million in November 2018, a reversal from the $44 million deficit recorded in the same month last year.  Read more »

Cash remittances up 8.7 pct in October: BSP

ABS-CBN News
Posted at Dec 17 05:21 PM

Cash remittances from overseas Filipinos hit $2.5 billion in October, up 8.7 percent compared to the same month last year, the Bangko Sentral ng Pilipinas said Monday.  Read more »

Safe haven support keeps dollar near 19-month high on growth risks

Vatsal Srivastava, Reuters
Posted at Dec 17 09:34 AM

The dollar held near a 19-month high on Monday, bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetite for riskier assets such as stocks and Asian currencies. Read more »