Philippines Faces Hot Money Outflows Amid Global Economic Uncertainty
Amidst a backdrop of global economic uncertainty, the Philippines has witnessed a notable outflow of speculative funds, totalling $805 million in the first five months of the year. As hot money investments decrease and concerns over inflation and interest rates persist, international investors reevaluate their positions. Despite these challenges, key sectors such as banking, food and beverage, and property continue to attract investments. With the Bangko Sentral ng Pilipinas (BSP) implementing measures to stabilize the economy and inflation, the country’s economic outlook remains cautiously optimistic.
India’s Adani Group says evaluating action against Hindenburg Research
Adani Group said on Thursday it is evaluating “remedial and punitive action” under U.S. and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens.
Turnover surges as funds rush to exit private equity stakes
Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios.
Japan ramps up intervention threats after yen slides past key 150 level
Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.
Morning Bid: Oil and jobs
World markets calmed a bit on Wednesday after a tumultuous couple of weeks – but a focus on energy prices and U.S. employment promised more tension ahead.
Analysis: Investors see risks spiking, fear market-wide liquidity crunch
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.
Uniper secures $11 bln of credit to cope with gas volatility
German utility Uniper (UN01.DE) has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum (FORTUM.HE) and state bank KfW (KFW.UL)in a move to cope with unprecedented volatility in energy markets, it said.
Online trading firm Plus500 expects annual profit to top market view
Plus500 (PLUSP.L) said on Monday it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance.
EXCLUSIVE Turkey’s cryptocurrency trades top 1 million a day amid lira woes
reuters.com/markets/us/exclusive-turkeys-cryptocurrency-trades-top-1-million-day-amid-lira-woes-2021-12-21/
Asia sits out equities rally as Alibaba slides
Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about slowing growth in the world’s second-largest economy, even as European and U.S. share futures indicated gains.
