Biden nominates Philip Jefferson to number 2 spot at the Fed
US President Joe Biden on Friday nominated Philip Jefferson to the number two job at the Federal Reserve, a position ...
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US banks seen tightening lending standards in 2023
WASHINGTON, USA—Fed financial stability report details US banks tightened lending standards in the first few months this year, and expect ...
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Market extends losses; DITO CME up
Stocks fell Wednesday as traders tried to assess the Federal Reserve’s next moves in the fight against inflation, with some ...
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US inflation at slowest pace, signaling less hawkish Fed
WASHINGTON—Consumer inflation in the United States slipped in December to the lowest level in more than a year, government data ...
Read moreAsian markets mixed on US job data results
HONG KONG, China—Asian equities were mixed Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have ...
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SVB collapse ‘textbook case of mismanagement,’ says top Fed official
WASHINGTON, United States—The collapse of Silicon Valley Bank was a “textbook case of mismanagement” which requires tougher banking regulation, according ...
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US Fed lends banks $12b in wake of SVB
Washington, United States—The Federal Reserve has lent US banks nearly $12 billion under a new one-year lending program unveiled Sunday, ...
Read moreManufacturing index declined for 4th month in US
Washington, United States—Manufacturing activity in the United States contracted for a fourth consecutive month in February, despite logging a slight ...
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Interest rate worries hound Asian markets
Equity markets were mixed Friday, with traders still occupied by long-running interest rate worries, though Tokyo rallied after Japan’s incoming ...
Read moreLocal stocks extend losses; Peso recovers
Stocks fell for a second day, with little buying enthusiasm after minutes from a Federal Reserve policy meeting indicated interest ...
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Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.