... 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
... ad a cash reserve of HK$2.5 million. Current spokesperson Wong Tsz-yuet said should the organization disband, its funds could be donated to other organizations sharing their beliefs. It was reported t ...More
EJ Insight2016-03-17
The US Federal Reserve held interest rates steady Wednesday and indicated that moderate US economic growth and "strong job gains" would allow it to tighten policy this year. Fresh projections show pol ...More
EJ Insight2016-03-17
The US dollar edged up in early trading Tuesday. The US Federal Reserve is unlikely to announce a rate hike at its meeting this week, but it may underline that, as long as inflation and the job marke ...More
EJ Insight2016-03-16
... e Federal Reserve Bank of New York, which it uses for international settlements, between Feb. 4 and Feb. 5. They managed to transfer US$81 million to entities in the Philippines, and the money was fur ...More
EJ Insight2016-03-16
Hong Kong stocks posted gains recently due to several factors. Investors took heart from a Wall Street rally, which came amid expectations that the US Federal Reserve might hold off on further rate h ...More
EJ Insight2016-03-15
The US Federal Reserve won't raise interest rates this week but will likely make it clear that as long as US inflation and jobs continue to strengthen, economic weakness overseas won't stop rates from ...More
EJ Insight2016-03-15
... e Federal Reserve Bank of New York, Deutsche Bank, or any other third party to flag suspicious activity. We can expect attacks of this nature to become more aggressive and cyber-attackers in general t ...More
EJ Insight2016-03-14
Bangladesh’s finance minister pledged to act against its central bank for not informing him about a cyber heist in which hackers broke into a Bangladesh Bank account with the Federal Reserve Bank of N ...More
EJ Insight2016-03-14
Alan Greenspan's consistent injection of liquidity to rescue falling US stock markets when he was chairman of the US Federal Reserve came to be known as the "Greenspan put". Taking a leaf out of Green ...More
EJ Insight2016-03-14
... S Federal Reserve's interest rate liftoff. The local market closed lower last year. In addition, plunging prices of various commodities, like oil, gas, coal, palm oil and rubber, have caused a signifi ...More
EJ Insight2016-03-12
... e Federal Reserve kept pumping money into the financial system and kept interest rates near zero. Sovereign debt China’s sovereign debt accounts for 43.5 percent of GDP, behind Japan’s 85 percent in 1 ...More
EJ Insight2016-03-12
