Bloomberg Philippine central bank Governor Nestor Espenilla faces mounting challenges as he begins his second year in office. The 59-year-old central banker is set to miss his inflation target, the peso is wallowing near a 12-year low, and he is facing criticism he took too long to raise interest rates. He ends the first year of his six-year term in …

Bloomberg US financials are still nursing their June hangover. The Financial Select Sector SPDR exchange-traded fund is trading to the downside yet again in early trading, weighed down by Citigroup and Bank of America. The drop follows the KBW Bank Index’s dramatic day that delivered the biggest intraday reversal — from up as much as 2.1 percent to ending in …

Bloomberg Australia left its key interest rate unchanged at a record low on Tuesday as the currency’s recent decline aids the economy by offering exporters some insulation against global trade ructions. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, as expected by all economists and where it’s stood since August 2016. The Australian dollar this week …