Some regional heads of the US Federal Reserve caused worry in the financial markets recently by suggesting that the central bank will continue to raise interest rates as planned. However, chairwoman J ...More
EJ Insight2016-04-01
A Chinese casino junket operator has returned US$4.63 million of the US$81 million stolen by hackers from the Bangladesh central bank's account in the US Federal Reserve and laundered in Manila's casi ...More
EJ Insight2016-04-01
As Federal Reserve chief Janet Yellen mentioned in her speech recently, the appreciation of the dollar would impose pressure on inflation and exports. Her words imply that a strong dollar will not las ...More
EJ Insight2016-03-31
Global equity markets rallied following dovish comments from Federal Reserve chairwoman Janet Yellen on Tuesday. Short-sellers rushed to wind up their positions, and fund managers bought more shares. ...More
EJ Insight2016-03-31
... e Federal Reserve released three rounds of quantitative easing monetary policies to stimulate the economy. Everything is still so vivid in my memory. Seven years later, the US finally started to norma ...More
EJ Insight2016-03-30
Slowing US consumer spending, coupled with easing inflation, is dampening expectations for an imminent increase in the Federal Reserve's benchmark rates. The US dollar index, a measure of the greenbac ...More
EJ Insight2016-03-30
... e Federal Reserve Bank of New York it uses for international settlements. Many attempted transfers were blocked but US$81 million ended up in casinos in Manila and with junket operators and most of it ...More
EJ Insight2016-03-30
Federal Reserve chair Janet Yellen said the US central bank should proceed cautiously in raising interest rates, pushing back on a handful of her colleagues who have suggested another move may be just ...More
EJ Insight2016-03-30
... S Federal Reserve hinted last week that there will be fewer rate hikes than expected this year. The central bank has a cautious outlook on the global economy. The dovish tone of the Fed has surprised ...More
EJ Insight2016-03-23
Bangladesh's central bank is weighing the possibility of a lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from the Bangladesh bank's account with the NY Fed, ac ...More
EJ Insight2016-03-23
... e foreign reserves, it has the means to restore order in the financial market. The size of that war chest has been shrinking but we expect it to remain above US$2.8 trillion by the end of the year. An ...More
EJ Insight2016-03-22
... e Federal Reserve Bank of New York. The criminals, posing as Bangladeshi central bank officials, sent dozens of secure messages to the New York Fed, which transferred funds belonging to Bangladesh fro ...More
EJ Insight2016-03-22
China's central bank sent an urgent message to the US Federal Reserve last year seeking advice on dealing with a stock market crash, Reuters reported. When the benchmark Shanghai Composite Index plung ...More
EJ Insight2016-03-22
The US dollar declined for the third straight week as the Federal Reserve signaled a slower pace of interest rate hikes. The greenback outperformed most developed and emerging-market currencies in the ...More
EJ Insight2016-03-21
Philippine lawmakers last week started a hearing on how US$81 million of funds stolen from Bangladesh’s foreign reserves ended up in the Southeast Asian nation’s financial system. Senator Teofisto Gui ...More
EJ Insight2016-03-21
... e Federal Reserve, the only central bank that is in the tightening cycle, may halt the rate normalization process. We believe the Fed may raise rates for no more than twice in the second half of this ...More
EJ Insight2016-03-19
The US Federal Reserve decided to hold interest rates unchanged this week. It has also trimmed expectations for future rate hikes from four times to twice this year given various external uncertainti ...More
EJ Insight2016-03-18
... e Federal Reserve Bank of New York. Bautista told the Senate blue ribbon committee that US$15 million was remitted to PhilRem from a Philippine bank account of a certain Enrico Teodoro Vasquez, one of ...More
EJ Insight2016-03-18
The Federal Reserve held interest rates steady on Wednesday as expected. The focus now shifts to its future policy stance. The Fed is behind the curve as shown by various data in recent months, which ...More
EJ Insight2016-03-18
... S Federal Reserve indicated Wednesday there will be two US interest rate hikes this year instead of four also drew oil buyers that use currencies such as the euro. Organization of the Petroleum Export ...More
EJ Insight2016-03-18
