The €500 billion ($547 billion) COVID-19 recovery fund proposed by German Chancellor Angela Merkel and French President Emmanuel Macron has

BDO Unibank today added another P20 billion in loan loss provision in what it said was a preemptive move following the expected souring of l

The European Bank for Reconstruction and Development is launching a free-to-use online learning and advice programme to support micro, smal

Pope Francis on Saturday, May 30, 2020, urged politicians to divert funds spent on weapons to research to prevent another pandemic, as he le

US taxpayers may be furious to learn that the $660 billion Paycheck Protection Program (PPP) meant to save small firms convulsed by the pand

US stocks finished mostly higher on Friday (Saturday, May 30, 2020 in Manila) after President Donald Trump announced measures against China

The US Justice Department has accused North Korea’s state-owned bank of evading sanctions and charged 28 North Koreans and five Chinese citi

Grayscale Investments has acquired 18,910 Bitcoins (BTC) since the May 11 block halving even as Goldman Sachs continues to tell its clients

The Financial Executives Institute of the Philippines (FINEX), Federation of Filipino Chinese Chambers of Commerce and Industry (FFCCCI) and

The Yuchengco conglomerate's Rizal Commercial Banking Corp (RCBC) has approved the declaration of dividends by its board of directors in a m

The Bureau of Treasury has fully awarded today (May 26, 2020) its offer of treasury bills with amounts tendered more than four times the auc

Argentina defaulted on Friday, May 22, 2020, for the second time in less than 20 years after failing to pay $500 million of interest on its

Moody's Investors Service says an unprecedented plunge in oil prices since March this year is adding to asset risks for banks in Singapore,

The Bank of Japan (BOJ) vowed on Friday, May 22, 2020, to provide some 30 trillion yen ($280 billion) to banks for financing small and mediu

U.S. stocks went south on Thursday (Friday in Manila), May 21, 2020 as traders expressed worries about historic 2.4 million jobless claims f

Mastercard is letting its employees worldwide to work from home until they are sure that the COVID-19 pandemic is under control, Noor Zainab

Gold has shown its strength as an asset, beating all other commodities by shooting its price through the roof and threatening to surpass...

Three countries saddled with huge debt have already defaulted this year and more may join the financial disaster.

Berkshire Hathaway, Warren Buffett’s investment firm, has dumped 84% of its holdings in Goldman Sachs and got out of Phillips 66 and Travele

The Federal Reserve's latest corporate-credit facility took in $305 million worth of exchange-traded funds (ETFs) on the first day of its op

The German economy, the biggest in the European Union (EU) contracted by 2.2% in the first quarter of this year, the biggest contraction sin

EastWest Bank (EW) has posted a 75 % increase in its net income to P2.3 billion for the first quarter of the year on better margins from i

Local treasurers of local government units (LGUs) have been asked to monitor the “Bayanihan” grants the government released to each municipa

Listed Manulife Financial Corporation today disclosed to the Philippine Stock Exchange that it is issuing $500 million in debt notes priced