Banking & Insurance
BSP governor rules out easing rates ‘soon’
The central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signaled that borrowing costs will remain higher for longer.
ING completes share buyback program
The Dutch financial services giant ING on Wednesday reported completing the share buyback program it announced in November last year. The shares it bought back under the program totaled 194,812,543 ordinary shares at an average price of €12.87 for a total consideration of €2,508,135,596.18.
JCRA affirms Philippines A- rating, stable outlook
The Japan Credit Rating Agency, Ltd. (JCRA) has kept the country's investment-grade credit rating of A minus (A-) with a stable outlook.
Treasury awards entire P30B offered at Tuesday’s bond auction
The Bureau of the Treasury awarded in full the P30 billion worth of reissued 7-year bonds at the auction Tuesday.
China sets 2024 GDP growth target at around 5%, same as last year
China has set an economic growth target for 2024 of around 5 percent, similar to last year's goal and in line with analysts' expectations, according to an official work report released on Tuesday.
