U.S. stock markets have been suffering immense sell-offs recently, with the Dow Jones Industrial Average (DJIA) plunging 4.6% on February 5 and another 4.15% decline on February 8. Similarly, the S&P 500 index has lost 4.1% on February 5 and another 3.75% yesterday. What’s going
Imagine your parents paying P10,000 monthly amortization to a lender for a housing loan. Let’s assume that they have been paying religiously and on time during the entire duration of the loan. On the final year of payment, the lender decided to give them a bonus, reducing the amortization
A credit rating is a measure of the credit worthiness of a government, a public entity, or a private corporation. The credit rating is also used as an assessment of the quality of debt instruments issued by any of these organizations.
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve announced yesterday, June 19, that if the U.S. economy continues to improve, it will start winding down its asset-buying program and may completely end it by mid-year of 2014. The news sent stock markets
Just a month after the Philippines received its first-ever investment grade rating from Fitch Ratings, another credit rating agency gave the country its stamp of approval by bestowing upon the Philippines a BBB- rating, equivalent to a lower medium investment grade. Standard & Poor’s (S&P),
As explained in the article Credit Ratings by S&P, Moody’s and Fitch Ratings, a “credit rating” is a measure of the ability of an entity, whether a company or a sovereign state, to repay its debt. It shows the quality of loan instruments issued by
The Philippine Peso (PHP) led other Asian currencies in terms of appreciation against the U.S. Dollar in the second half of 2012, rising 4.51% versus the greenback. The local currency closed at P41.91 against the dollar on increased foreign appetite for the Peso and easing economic
A coordinated response by the world’s leading central banks to the Eurozone crisis led U.S. stocks to score their biggest daily percentage gains yesterday (November 30), with three benchmark indices ending with at least a 4% gain. The Dow Jones Industrial Average (DJIA) closed at