Philippine chief justice signs waiver for deposits

Source: GulfToday.ae

MANILA: The impeached chief justice of the Philippine Supreme Court (SC) on Friday apologised to the Senate for his walkout and followed this up by presenting a waiver allowing members of the chamber to look into his bank deposits. “I c ...
Full article at: GulfToday.ae  More like this  4 hours ago, 4:56pm CDT

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Euro Rebounds From Week Lows

Source: Wall Street Journal

By Eva Szalay LONDON—Currency markets traded steadily after a turbulent few days ahead of the long weekend in the U.S., helping the euro and higher-yielding currencies that are enjoying a rebound from lows seen earlier this week. The euro was recently tr ...
Full article at: Wall Street Journal  More like this  14 hours ago, 6:48am CDT

Philippine Peso Weakens as Imports Drop, Trade Deficit Widens

Source: Bloomberg.com

The Philippine peso fell for a third day, poised for the biggest weekly decline in eight months, as imports dropped in March and the trade deficit widened. Inbound shipments fell 3.3 percent from a year earlier after revised growth of 2.5 ...
Full article at: Bloomberg.com  More like this  21 hours ago, 12:41am CDT

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EM ASIA FX-Rupiah hit by outflow fears, Asia FX head for weekly losses

Source: Reuters Mobile

SINGAPORE, May 25 (Reuters) - The Indonesian rupiah led emerging Asian currencies lower on Friday amid fears of more outflows from Southeast Asia's biggest economy, while other regional units were headed for another week of losses on wor ...
Full article at: Reuters Mobile  More like this  21 hours ago, 12:07am CDT

Asian Currencies Drop to 2012 Low as Funds Sell Stocks on Greece

Source: Bloomberg.com

Asian currencies fell to the lowest level of the year on lingering doubts whether Europe will succeed in containing its debt crisis, a concern that’s prompted overseas investors to cut holdings of regional stocks ...
Full article at: Bloomberg.com  More like this  1 day ago, 7:37am CDT

TradeTheNews.com Asian Market Update: EU leaders call on Greece to work harder, June meeting to provide more details on measures; China flash PMI contracts again

Source: CME Group

***Economic Data*** - (CN) CHINA MAY HSBC FLASH MANUFACTURING PMI: 48.7 V 49.3 PRIOR FINAL (7th consecutive contraction) - (NZ) NEW ZEALAND APR TRADE BALANCE (NZ$): 355M V 400ME (11-month high); TRADE BALANCE YTD: -541M V -651ME - (NZ) NEW ...
Full article at: CME Group  More like this  1 day ago, 1:50am CDT

Asian stock market, economy and companies update (May 24, 2012)

Source: Stock Markets Review

***Overview/Top Headlines*** - Late US session strength came amid rumors that Germany would announce support for a bank deposit guarantee scheme to be announced after the EU summit. However, as the various leaders trickled out of the meeting, little n ...
Full article at: Stock Markets Review  More like this  1 day ago, 1:07am CDT

EM ASIA FX-Won leads Asia FX lower; short-covering supports

Source: Reuters Mobile

SINGAPORE, May 24 (Reuters) - The won led slides among emerging Asian currencies on Thursday amid growing worries about Greece's exit from the euro zone, while short-covering lifted some battered regional, including the Singap ...
Full article at: Reuters Mobile  More like this  1 day ago, 11:48pm CDT

Philippine Peso, Bonds Drop as Funds Sell Emerging-Market Assets

Source: Bloomberg.com

The Philippine peso dropped to a four-month low and bonds fell as the risk of a Greek exit from the euro prompted funds to dump emerging-market assets. European leaders meeting in Brussels clashed over joint debt sale ...
Full article at: Bloomberg.com  More like this  1 day ago, 10:33pm CDT