Asia stocks higher after Wall Street gains on recovery hopes
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed…
Stocks shake off an early loss and end higher, led by tech
Stocks shook off an early stumble and scratched out small gains on Wall Street Monday, as the market’s momentum slows following its best month in decades. A man wearing face…
Metrobank’s Q1 profit down 9.3% on higher loan loss buffer
Metropolitan Bank & Trust Co. chalked up P6.1 billion in net income for the first quarter, down by 9.3 percent year-on-year, on higher provisions made for possible credit losses given…
Stocks charge higher on hopes for progress in fighting virus
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. A man wearing face mask walks past a bank…
BPI’s Q1 net profit down 5% on higher loan loss buffer
BPI prexy Cezar Consing Higher provisioning for probable credit losses amid the COVID-19 pandemic trimmed Bank of the Philippine Islands (BPI)’s first quarter net profit by 5 percent year-on-year to…
Study says Chinese loans, though higher in interest rates, would not lead to ‘debt trap’
While loans from China to its bilateral partners like the Philippines carry higher interest rates than the World Bank’s, Washington-based Center for Global Development (CDG) said these would not lead…