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(Eagle News) – The Philippine peso plunged to a new record low against the US dollar at P57.43 on Friday, September 16. The previous lowest closing of the peso was recorded on Sept. 8 when the peso went down to P57.18 to a US dollar. According to data from the Bankers’ Association of the Philippines (BAP), intraday trading saw the peso even going as low as P57.44 against the dollar. It settled at P57.43 […]
(Eagle News) — The Philippine peso dropped to its lowest value in almost 13 years as it breached the P54 to a dollar on Wednesday, Sept. 12, settling at P54.13 after the day’s trading session. This as the country’s trade deficit further widened to $22.49 billion at the end of the first seven months. The P54.13 to a dollar was only less than almost three centavos lower than the record low of P54.155 set on […]
TOKYO, Japan (AFP) — From clampdowns to a warm embrace, regulators in Asia have taken very different approaches to dealing with the bitcoin phenomenon. Here are the developments in a few key markets: Chinese clampdown In mid-September, China’s central bank, the People’s Bank of China (PBOC), told virtual currency trading platforms based in Beijing and Shanghai to cease market operations. Authorities also clamped down on ethereum and any other electronic units that are exchanged online without being […]
(PNA) –The peso gained P0.10 to a dollar Monday (April 7) after investors noted the lower-than-expected growth of non-farm payrolls in the United States in March 2014. It ended the day at P44.84 from P44.94 last Friday after the market noted the 192,000 increase in non-farm payroll for the third month this year, which the U.S. Bureau of Labor Statistics’ reported Friday last week (Friday night, Manila time). The growth of non-farm payrolls last March […]
