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The Philippine economy is recovering but remains "fragile" because of periodically tighter Covid-19 mobility restrictions, particularly in Metro Manila, the Asian Development Bank (ADB) had announced this week.
NEW YORK/LONDON: Wall Street's S&P 500 posted a slim gain on Friday while major European markets slumped as investors weighed potential fallout from debt-laden China Evergrande and U.S. bond yields pushed higher after hawkish stances from central banks.
MILAN (Reuters) - Nexi is interested in working on a digital version of the euro, but there are no formal talks with the European Central Bank (ECB), the Italian payment group's corporate and external affairs director Saverio Tridico said on Friday.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (Sept 24)
PETALING JAYA: Bank Negara has launch Malaysia Overnight Rate (MYOR) as an alternative reference rate (ARR), providing financial institutions with a wider array of hedging instruments that will support additional risk management strategies.
(Reuters) - Hundreds of people protested in Kabul on Friday, demanding that the United States release billions of dollars in central bank reserves blocked outside Afghanistan as the new Taliban government struggles to contain a deepening economic crisis.
Equities in the Philippines outshone their emerging Asian peers on Friday after its central bank kept interest rates at record lows, while stocks in Singapore were hit as the city-state logged record Covid-19 cases.
KUALA LUMPUR: Bank Negara has launch Malaysia Overnight Rate (MYOR) as an alternative reference rate (ARR), providing financial institutions with a wider array of hedging instruments that will support additional risk management strategies.
Most emerging Asian currencies softened on Friday as investors remained wary of a fallout from debt-laden property developer China Evergrande, while Philippine shares outpaced regional peers after a dovish stance from the country's central bank.
HONG KONG: Asian shares were on edge on Friday, hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as increased risk appetite drove U.S. stocks and Treasury yields higher.