BLOOMBERG  The Philippine central bank slowed the pace of its interest-rate increases as it seeks to cool still-hot inflation while allowing itself some policy-manoeuvre room in the event of risks from a global banking turmoil. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate by 25 basis points to 6.25% on Thursday, as seen by all but one of ...

BLOOMBERG  Bank rescues on both sides of the Atlantic. Global markets in turmoil. American and European policy makers rushing to turn the tide. In contrast, China’s markets were calm and buoyant on Thursday. After countless scenarios of doom for Chinese assets, its markets stand out right now for their quiet gains. Following another day of turmoil in the US — ...

BLOOMBERG  Argentina sold around 417 billion pesos ($2 billion) in peso-denominated notes and bonds via auction, the latest step in managing a massive local debt pile as the government seeks to extend maturities until after presidential elections in October. The Treasury sold the securities after receiving offers for around 664 billion pesos, according to an emailed statement from the economy ...