Markets
SEC warns of danger from unregistered crypto platforms targeting Filipinos
The Securities and Exchange Commission (SEC) has raised the alarm over a growing number of unregistered cryptocurrency platforms actively targeting Filipino users.
Wall Street slips ahead of Fed Chair Powell speech
Major U.S. markets closed lower Thursday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium—an elite annual gathering of global central bankers that often sets the tone for global interest rate direction.
PSEi undervalued but poised to climb, says broker
Broker Unicapital Securities Inc. has revised its year-end forecast for the Philippine Stock Exchange index (PSEi) to 7,100 points, down from a previous projection of 7,800, but still implying a 9 percent gain from the 2024 close of 6,528.
PSBank’s P5B bonds draw strong demand
Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.
Paramount Skydance inks USD7.7B UFC broadcast deal
Newly-formed media giant Paramount Skydance has agreed to pay USD7.7 billion to TKO Group Holdings for exclusive U.S. broadcast rights to Ultimate Fighting Championship (UFC) events over the next seven years, starting in 2026.
