Bloomberg As foreign investors exit Philippine equities at a record pace amid the sell-off brought on by the coronavirus, some domestic fund managers are scooping up blue-chip bargains. Local stock valuations have become too attractive to pass up, according to Helen Oleta, head of trading at Rizal Commercial Banking Corp, and Robert Ramos, chief investment officer at East West Banking ...

Bloomberg European Central Bank (ECB) President Christine Lagarde belatedly joined the crowd of leading central bankers pledging to take action if needed against the economic damage from the coronavirus outbreak. In a statement, Lagarde said the outbreak is a “fast-developing situation, which creates risks for the economic outlook and the functioning of financial markets.” That echoes communications by the US ...

Bloomberg Malaysia cut its benchmark interest rate on Tuesday, with analysts predicting more easing to come as global central banks boost stimulus to counter the coronavirus’s impact on economic growth. Bank Negara Malaysia reduced the overnight policy rate for a second time this year, lowering it by 25 basis points to 2.5%, as forecast by 15 of 24 economists surveyed ...