Search Results for: Philippines
Most Asian currencies struggled for direction on Friday
August 21st, 2020
Most Asian currencies struggled for direction on Friday as the yuan pulled back after hitting a seven-month high against the U.S. dollar, while the Taiwan dollar strengthened on the back of better-than-expected export orders. The yuan often tends to ...
Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal
June 25th, 2020
Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive. The digital payments company said in ...
Most Asian currencies inch up
October 25th, 2019
Most Asian currencies edged up on Thursday ahead of central bank policy meetings and in the absence of new signals or developments in the Sino-US trade war and the Brexit saga. Indonesia’s central bank is widely expected to cut ...
Raid on Chinese-manned firm exposes cryptocurrency scam
September 17th, 2019
Philippines local authorities acting on a tip from the Chinese government have uncovered what could be a growing online investment scam hiding behind a fledgling industry based in one of the country’s special economic zones. This was after government ...
Cyber wars and all that
May 3rd, 2019
Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital ...
Pound and Yen fell, Asian stocks pointed to a firm start; These are the main moves
November 12th, 2018
Asian stocks and futures pointed to a firm start for equity markets in London and New York as investors assessed whether the recent rallies can endure. The pound slid as U.K. Prime Minister Theresa May fought to keep her ...
Global economy is facing a ‘perfect storm’, warns BIS chief
August 29th, 2018
The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a complex, sophisticated and global ecosystem. The Bank of International Settlements’ ...
US seeks record $75m. from marketer for steering victims to Israeli binary scams
July 19th, 2018
While Israeli law enforcement continues to ignore the country’s robust online fraud sector, the United States government has asked a Florida court to impose some $75 million in fines and penalties against a single alleged US-based binary options fraudster. ...
Asian stocks fell, gold rose, Aussie dollar declined; Key events to watch for this week
June 19th, 2018
Asian stocks fell alongside U.S. equity futures and the yen spiked as the U.S. and China engaged in a new round of trade threats. Gold and Treasuries climbed. The steepest slides were seen in Hong Kong and China — ...
U.S. stock futures headed lower; Euro little changed, Pound and Aussie were steady
February 5th, 2018
Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields. Shares sank across the region, with Japan’s benchmarks falling the ...
