Markets
Cryptoverse: Bitcoin defies its doubters in 2023
If 2022 was the year that "broke bitcoin", 2023 has been the year of trauma recovery.
China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens
China's consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery.
Asian stocks brace for central bank bonanza
Asian shares started cautiously on Monday ahead of a week packed with a quintet of central bank meetings and data on U.S. inflation that could make or break market hopes for an early and rapid fire round of rate cuts next year.
China’s push to loosen Mao-era residence rules runs into hurdles
In recent months, Chinese authorities have fanned hopes among some economists that the internal passport system that has largely tethered people's destinies to their place of origin since the 1950s may be in its dying days. A distressed property market and sluggish consumption have injected new urgency into a drive to loosen restrictions and grant more people the opportunities that urban registration affords.
Treasury bond yield down at auction on excess demand
The National Treasury offered at an auction Wednesday P20 billion of treasury bond, which were originally issued at as 7-year bonds due in October 2029 at a coupon rate of 7 percent.
