News list for "philip"
Philip Jefferson, vice-chairperson of the Federal Reserve, said artificial intelligence tools could help transmit monetary policy, but cautioned against the limitations of such technology. Jefferson said research showed that automated analysis of Fed information and automated trading increased the speed at which information was incorporated into asset prices.
On February 18, a Philippine C-208 aircraft illegally intruded into China's airspace over Huangyan Island without the permission of the Chinese government. It also reversed black and white and spread false narratives. The Southern Theater of the Chinese People's Liberation Army organized naval and air forces to follow up, monitor and warn to deport in accordance with laws and regulations. The Philippines' actions seriously violated China's sovereignty and seriously violated relevant provisions o...
On January 21, Martha Sazon, president and CEO of GCash, a major fintech platform in the Philippines, said on Monday that the company is preparing for an IPO and is building its suite of financial products in addition to payments. "We want to further expand our lending business and investment platform,...
Philippine banks are collaborating to create a peso-backed stablecoin, PHPX, aimed at improving cross-border transfers and financial inclusion. The PHPX token is scheduled to be launched between May and July. The PHPX stablecoin, developed by Singaporean startup Just Finance, will be launched on the Hedera decentralized ledger technology (DLT) network. According to the Ledger Insights report, participating Philippine banks include Union Bank of the Philippines, Rizal Commercial Bank, Cantillan B...
The Philippine Securities and Exchange Commission (SEC) has introduced a wide range of crypto asset management rules covering disclosure, public offerings, trading, and marketing activities. The regulations are designed to enhance investor protection and promote transparency in the burgeoning digital asset market. According to the new guidelines, crypto-asset offerings must submit disclosure documents to the SEC at least 30 days before any marketing activity or public sale. The documents must be...
The Central Bank of the Philippines (BSP) said recently that it has completed a proof-of-concept trial of its Agila Project Wholesale Central Bank Digital Currency (wCBDC) with other Financial Institution Groups. Specifically, the latest trial tested whether banks in the Philippines can make payments to each other outside banking hours such as evenings, weekends, and holidays. BSP Governor Eli M. Remolona, Jr., said: "Wholesale CBDCs have the potential to enhance liquidity management, reduce set...
On December 4, Liu Dejun, a spokesperson for the Chinese Coast Guard, said that on December 4, the Philippines sent coast guard vessels, official vessels and a number of fishing boats to invade the territorial waters of China's Huangyan Island, and the Chinese Coast Guard implemented control in accordance with laws and regulations. During this time, the Philippine official vessel No. 3003 ignored China's many solemn warnings, turned to reverse at a large angle, and deliberately rammed the Chines...
The Philippines has introduced the "Maritime Area Law" and the "Archipelago Seaway Law". The Chinese Ministry of Foreign Affairs: This move seriously violates China's territorial sovereignty and maritime rights and interests in the South China Sea. China strongly condemns and firmly opposes it.
Gold Ten Futures, October 22nd, due to the recent weather factors in the Philippines, the shipping efficiency of laterite nickel mines in the Philippines has been delayed to a certain extent. It is expected that the number of ships arriving and sailing in the main mining areas of the Philippines will decrease during the week.
DBS FX strategist Philip Wee said in a research note that if the Federal Reserve cuts interest rates by 25 basis points at this week's FOMC meeting, rather than the 50 basis points reflected in the futures market, the dollar index could experience a reflexive rebound. However, he added that going into late 2024 and 2025, the dollar index could weaken further, falling below the 101-107 range seen since December 2022.
US District Court for the District of Colorado Judge Philip Brimmer has ruled to dismiss a class-action lawsuit against Estonian cryptocurrency wallet provider Atomic Wallet, which found no jurisdiction over Atomic Wallet, its CEO Konstantin Gladyshev, shareholder Pavel Sokolov, and affiliated software development company Evercode Infinite.
On August 26, the WeChat official account of the Chinese Coast Guard released that on August 26, without the permission of the Chinese government, the Philippines sent coast guard ships No. 4409 and No. 4411 to illegally storm the waters near Xianbin Reef in the Nansha Islands of China, continuing to approach the Chinese coast guard ships with normal navigation dangerously and inciting hype.
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