Markets
SEC orders XM operator to halt unlicensed securities
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Trading Point Holdings Inc., operator of XM Group/XM.com, for offering securities in the Philippines without the required licenses.
PNB returns to bond market with P15.7-B ASEAN offering
Philippine National Bank (PNB) has made its first domestic bond market return since 2019, raising P15.7 billion through a dual-tranche ASEAN Sustainability bond issuance.
Fed rate cut sparks rally on Wall Street
Wall Street roared higher Wednesday after the Federal Reserve cut interest rates by a quarter-percentage point and Chairman Jerome Powell all but shut the door on any future hikes.
Fed delivers a quarter-point rate cut, flags risks
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday after noting cooler labor-market momentum and persistent uncertainty surrounding the economic outlook.
SEC seeks public comment on higher audit threshold
The Securities and Exchange Commission (SEC) has released a draft rule that would raise the audit threshold for corporations to more than P3 million in total assets or liabilities. The proposal aims to cut compliance costs for micro, small, and medium enterprises.
