Bloomberg The United Arab Emirates’ currency peg is here to stay, the central bank governor said, after contracts used to bet on a devaluation rose to the highest since March. Policy makers don’t see pressure on the dirham and the U.A.E. is committed to its longstanding peg to the dollar, HE Mubarak Rashed Al Mansoori told reporters in Abu ...

  Bloomberg Carlos Dominguez, who is set to become finance secretary in the Philippines, said the incoming government of President-elect Rodrigo Duterte is willing to initially lose revenue through income-tax cuts to help boost economic growth and reduce poverty. Lower income levies will be part of a tax reform bill submitted to lawmakers by September, Dominguez, 70, said in an ...

  Bloomberg The European Central Bank’s ultra-loose monetary policy has helped boost growth and inflation in the euro area, according to research by the Bank of Spain assessing the impact of quantitative easing in the 19-nation bloc. The ECB’s actions would have added about 1.4 percentage points to the bloc’s total output and lifted prices by about 1.2 points respectively ...