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Archives: Reuters Articles

BRIEF-Rizal Commercial Banking Posts Qtrly Net Income Attributable 2,141 Million Pesos

May 13 (Reuters) – Rizal Commercial Banking:

  • QTRLY NET INCOME ATTRIBUTABLE 2,141 MILLION PESOS VERSUS 1,580 MILLION PESOS

  • QTRLY GROSS REVENUE 9,902 MILLION PESOS VERSUS 8,313 MILLION PESOS

Source text for Eikon: ID:nPSXcfKSzt

Further company coverage: RCB.PS

((Reuters.Briefs@thomsonreuters.com;))

BRIEF-Ac Energy Corp Says Appointed Juan Martin L. Syquia As Deputy CFO

May 13 (Reuters) – AC Energy :

  • APPOINTED JUAN MARTIN L. SYQUIA AS DEPUTY CFO

Source text for Eikon: ID:nPSX86wFMW

Further company coverage: ACEN.PS

((Reuters.Briefs@thomsonreuters.com;))

BRIEF-Ace Enexor Posts Qtrly Net Loss Attributable 15.8 Million Pesos

May 13 (Reuters) – ACE Enexor:

  • QTRLY NET LOSS ATTRIBUTABLE 15.8 MILLION PESOS VERSUS LOSS OF 25.5 MILLION PESOS

Source text for Eikon: ID:nPSXfQRVj

Further company coverage: ACEX.PS

((Reuters.Briefs@thomsonreuters.com;))

BRIEF-Philippine Savings Bank Posts Qtrly Gross Revenue 4.39 Bln Pesos

May 13 (Reuters) – Philippine Savings Bank PSB.PS:

  • QTRLY GROSS REVENUE 4.39 BILLION PESOS VERSUS 4.33 BILLION PESOS

  • QTRLY NET INCOME AFTER TAX 887.7 MILLION PESOS VERSUS 438.5 MILLION PESOS

Source text for Eikon: ID:nPSXb5hJWN

Further company coverage: PSB.PS

((Reuters.Briefs@thomsonreuters.com;))

BRIEF-Philippine National Bank Posts Qtrly Gross Revenue 12.36 Billion Pesos

May 13 (Reuters) – Philippine National Bank:

  • QTRLY GROSS REVENUE 12.36 BILLION PESOS VERSUS 13.51 BILLION PESOS

  • QTRLY NET INCOME ATTRIBUTABLE 2.80 BILLION PESOS VERSUS 1.77 BILLION PESOS

  • QTRLY NET INTEREST INCOME OF 8.5 BILLION PESOS, UP 3%

  • QTRLY TOTAL COMMON EQUITY TIER 1 RATIO AT 14%

Source text for Eikon: ID:nPSXj7Stl

Further company coverage: PNB.PS

((Reuters.Briefs@thomsonreuters.com;))

BRIEF-Discovery World Corp Posts Qtrly Net Income Attributable 43.7 Million Pesos

May 13 (Reuters) – Discovery World Corp:

  • QTRLY NET INCOME ATTRIBUTABLE 43.7 MILLION PESOS VERSUS 79.2 MILLION PESOS

  • QTRLY GROSS REVENUE 137.3 MILLION PESOS VERSUS 76.5 MILLION PESOS

Source text for Eikon: ID:nPSX6RtSH5

Further company coverage: DWC.PS

((Reuters.Briefs@thomsonreuters.com;))

Turkish lira extends slide to near 15.5 vs dollar

Turkish lira extends slide to near 15.5 vs dollar

ISTANBUL, May 13 (Reuters) – The Turkish lira dipped for the seventh consecutive session against the dollar on Friday, bringing its losses to nearly 5% since last Wednesday and heading towards the record lows hit last December.

The lira TRYTOM=D3 weakened as far as 15.4675 against the U.S. currency and stood at 15.4410 at 0707 GMT. It has lost some 15% of its value this year, on top of a 44% slide in 2021.

The slump has left traders predicting that authorities are targeting a new level – as weak as 15.5 to the dollar – in a months-long effort to stabilise the exchange rate using its depleted reserves together with other measures. nL5N2X4330

(Reporting by Daren Butler; Editing by Jonathan Spicer)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

JGB yields track fall in U.S. Treasuries

JGB yields track fall in U.S. Treasuries

TOKYO, May 13 (Reuters) – Japanese government bond (JGB) yields on Friday tracked overnight declines in U.S. Treasury yields as the bond market weighed the odds of the Fed keeping the economy from lurching into recession while looking to tame rising inflation. US/

The 10-year JGB yield JP10YTN=JBTC fell 0.5 basis point to 0.240% and the 20-year JGB yield JP20YTN=JBTC fell 2 basis points to 0.740%.

“Even as inflation remains high, expectations that yields on U.S. and German bonds might have peaked their highs could prompt investors to buy Japanese bonds at their dent,” said Katsutoshi Inadome, senior bond strategist at Mitsubishi UFJ Morgan Stanley Securities.

The 30-year JGB yield JP30YTN=JBTC fell 1 basis point to 0.995%.

The 40-year JGB yield JP40YTN=JBTC fell 1.5 basis point to 1.110%.

The two-year JGBs were not traded and the yield JP2YTN=JBTC was flat at -0.055%.

The five-year yield JP5YTN=JBTC fell 0.5 basis point to 0.005%.

Benchmark 10-year JGB futures 2JGBv1 rose 0.07 point to 149.54, with a trading volume of 16,283 lots.

(Reporting by Tokyo markets team;
Editing by Vinay Dwivedi)

((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters Messaging:junko.fujita.reuters.com@reuters.net;))

South Africa’s rand firms, central banks in focus

South Africa’s rand firms, central banks in focus

JOHANNESBURG, May 13 (Reuters) – South Africa’s rand firmed in early trade on Friday, extending gains made in the previous session despite a stronger dollar and data pointing to continued weakness in the domestic economy.

At 0540 GMT, the rand ZAR= was trading at 15.9900 against the dollar, 0.67% firmer than its previous close.

The currency stayed resilient against the dollar, which remains near 20-year highs, and was not largely moved by data released on Thursday showing that March mining output fell more than expected, and manufacturing production also declined year-on-year.

Market participants are now awaiting South Africa’s Reserve Bank monetary policy committee meeting next week.

A Reuters poll forecasted that the central bank is set to make its first 50 basis point hike to its repo rate in more than six years on Thursday, taking it to 4.75%, to prevent potential second-round effects from higher consumer prices.nL5N2X398J

A hike could support the rand, at a time when investors are also assessing how aggressive the U.S. Federal Reserve policy path will be after it raised its benchmark overnight interest rate by 50 basis points last week.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Subhranshu Sahu)

((Olivia.Kumwenda@thomsonreuters.com; +27 10 346 1084;))

FOREX-Yen set to snap nine weeks of losses, dollar holds firm

By Alun John

HONG KONG, May 13 (Reuters) – The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bids to the dollar, which held near 20-year peaks.

The dollar regained a little ground on the Japanese currency JPY= and was last at 128.9 per dollar after hitting a two-week low of 127.5 overnight.

However, the dollar is still down 1.2% against the yen this week, its first week of declines since early March. The euro EURJPY= has fallen 2.6% versus the yen this week, its biggest drop also since early March as the common currency has been a major victim of the “risk off” mood.

“The yen is perhaps the most obvious signal of a shift from a world where yields were dominant and risk was resilient (yen negative), to a world this week where the dominant force is sour risk appetite driving yields lower (yen positive),” said Alan Ruskin, macro strategist at Deutsche Bank in a note.

The benchmark U.S. 10-year yield US10YT=RR was 2.8877% on Friday, slightly higher, but still down sharply from Monday’s high of 3.203%.

Rising U.S. yields at a time when the Bank of Japan was intervening to keep Japanese benchmark yields pinned down caused the yen to soften this year.

Investors are continuing to move towards safe-haven assets fearing central bank rate hikes to constrain inflation could hit global economic growth while MSCI’s gauge of stocks around the world .MIWD00000PUS fell to its lowest overnight since November 2020.

Asian shares and U.S. futures edged a little higher on Friday, but analysts saw little sign of a broader recovery. MKTS/GLOB

Investors are still assessing how aggressive the Federal Reserve’s policy path will be after the U.S. central bank raised its benchmark overnight interest rate by 50 basis points last week, the largest hike in 22 years.

Expectations are completely priced in for another hike of at least 50 basis points at the central bank’s June meeting, according to CME’s FedWatch Tool.

The euro EUR=EBS was at $1.0394, up 0.16%, holding above its 2017 low of $1.034.

The weak euro kept the dollar index =USD at 104.63, just off its overnight 20-year peak of 104.92.

Sterling GBP=D3 hunkered down at $1.2221, hurt after data Thursday showed Britain’s economy unexpectedly shrank in March, and the Aussie dollar AUD=D3 was also bruised at $0.6886. nL5N2X427Z

Crypto markets were steadier on Friday after a week of turmoil, as the risk-off mood combined with the spectacular collapse of stable coin TerraUSD. nL2N2X42K9

The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap, and sent bitcoin to as low as $25,401.05 on Thursday, its lowest level since Dec. 28, 2020.

But things were calmer in early trading on Friday with bitcoin BTC=BTSP up 5.3%, trading around $30,400.

World FX rateshttps://tmsnrt.rs/2RBWI5E

(Editing by Sam Holmes and Jacqueline Wong)

((alun.john@thomsonreuters.com;))

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