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Peso weakness drags down stocks anew

The stock market retreated anew yesterday as the peso tumbled against the dollar ahead of a US Federal meeting......»»

Category: financeSource: philstar philstarJun 13th, 2018

Peso, stocks weaken anew

Financial markets suffered heavily yesterday, with the benchmark Philippine Stock Exchange index (PSEi) plunging by 101.44 points, or 1.36 percent, to end at 7,332.17, and the peso weakening by another eight centavos to settle at 54.31 to a dollar......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2018

Peso, stocks weaken anew

Financial markets suffered heavily yesterday, with the benchmark Philippine Stock Exchange index (PSEi) plunging by 101.44 points, or 1.36 percent, to end at 7,332.17, and the peso weakening by another eight centavos to settle at 54.31 to a dollar......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2018

Local stocks slump on peso weakness

The peso's depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve's monetary policy-setting dragged the local stock barometer down to the 7,600.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Stocks decline as inflation worries keep investors cautious

Shares fell anew on Tuesday, May, 29, as investors remained cautious against inflationary pressures and the weakening peso given the lack of positive leads. The post Stocks decline as inflation worries keep investors cautious appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Front Page: Trump's shock victory adds to risk

REPUBLICAN Donald J. Trump's shock victory in the US presidential election has cast a cloud of uncertainty anew over the Philippine economy, as signaled by the stock market's biggest one-day loss since late January and the peso's renewed weakness followin.....»»

Category: financeSource:  bworldonlineRelated NewsNov 9th, 2016

Peso down on risk-off sentiment

BW FILE PHOTO THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The local currency ended Tuesday’s session at P54.24 versus the greenback, 5.5 centavos lower than the P54.185-per-dollar finish last Monday. The peso opened the session slightly… link: Peso down on risk-off sentiment.....»»

Category: newsSource:  manilainformerRelated NewsOct 9th, 2018

Peso down on risk-off sentiment

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The post Peso down on risk-off sentiment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2018

BSP eases dollar hedging rules amid persistent peso weakness

Bank regulators have finalized the relaxed rules for its a dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. ......»»

Category: newsSource:  philippinetimesRelated NewsOct 4th, 2018

Customs exceeds collection target anew

For the eighth straight month, the Bureau of Customs once again hit its revenue goal last September, collecting P52.4 billion in tariff and duties amid higher import volume, weaker peso and improved enforcement......»»

Category: financeSource:  philstarRelated NewsOct 3rd, 2018

Fitch Solutions sees continuing peso weakness

THE PESO’S WEAKNESS is likely to persist amid external headwinds, Fitch Solutions Macro Research said, even as robust domestic growth and a hawkish monetary policy should help buoy the local currency......»»

Category: financeSource:  bworldonlineRelated NewsOct 1st, 2018

How inflation, falling peso affect bank stocks?

Bank stocks are known to thrive in a rising interest rate environment because of the perception that higher interest rates will lead to greater earnings growth. But ever since uncertainties over ri.....»»

Category: newsSource:  philippinetimesRelated NewsSep 26th, 2018

Philippine peso, stocks sink further

MANILA, Philippines – The Philippine peso continued to weaken on Wednesday, September 26. The local currency closed at P54.325 ........»»

Category: newsSource:  rapplerRelated NewsSep 26th, 2018

Market holds out as BSP moves to temper inflation

Philippine stocks gained on Monday, albeit on thin volume, ahead of a Monetary Board policy meeting later this week that could see the Bangko Sentral ng Pilipinas (BSP) raise interest rates anew. A.....»»

Category: newsSource:  philippinetimesRelated NewsSep 25th, 2018

Peso hits 13-year low anew

The peso weakened anew to the lowest level in almost 13 years, giving up 19 centavos at the start of the trading week amid the impending rate hikes by the US and Philippine central banks as well as worsening trade tension between the US and China......»»

Category: financeSource:  philstarRelated NewsSep 25th, 2018

Banking industry weakness weighs down Security Bank

NEWS of Security Bank Corp.’s (SECB) fund-raising via its five-year fixed rate note facility, coupled with the ongoing weakness from the banking industry in general, made it one of the most actively traded stocks last week. The post Banking industry weakness weighs down Security Bank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 24th, 2018

Peso to drop ahead of Fed, BSP

THE PESO will likely weaken anew this week due to escalated geopolitical tensions overseas and in anticipation of the possible policy tightening of the local and US central banks. The post Peso to drop ahead of Fed, BSP appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 23rd, 2018

Peso, stocks bounce back

The stock market made a giant leap yesterday, boosted by bargain hunting and a spate of good news after several days of turmoil which pushed the market deep into bear territory......»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2018

Peso Stays Afloat, Local Stocks Down on Trade War Jitters

Trade war concerns along with fears of a further rise in domestic inflation due to Typhoon Ompong’s (Mangkhut) devastation increased risk-off sentiment resulting to another slide of the Philippines main equities gauge but the peso improved in line with its regional peers. The Philippine Stock Exchange index (PSEi) ended the day on the red at […].....»»

Category: newsSource:  metrocebuRelated NewsSep 19th, 2018

BSP rushes forex measures as peso weakens anew

Monetary authorities are rushing a code of conduct governing all trades in the local foreign exchange market as the peso weakened anew yesterday, reentering the 54 to $1 level......»»

Category: financeSource:  philstarRelated NewsSep 17th, 2018

PH shares rebound, snap losing streak

The local stock barometer firmed up past the 7,500 level on selective buying of large-cap stocks on Thursday, tracking a rebound across regional markets.   The main-share Philippine Stock Exchange index (PSEi) recouped 68.17 points, or 0.92 percent, to close at 7,517.37 as investors cheered the US' proposal to hold another round of trade talks with China.   After breaking through the 7,460-7,500 support area alongside the peso depreciation on Wednesday, local stock brokerage Papa Securities said all wasn't lost for the PSEi as US markets were "finding optimism once again in anticipation of another possible round of trade talks."   All counters ended highe...Keep on reading: PH shares rebound, snap losing streak.....»»

Category: newsSource:  inquirerRelated NewsSep 14th, 2018