News Formal

Forex trading still on hold; stock market plunges

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 92%

Forex News

Trading,Still,On

THE stock market reopened, but foreign exchange trading remained suspended on Thursday, a day after heavy rains and floods brought Metro Manila to a standstill.

In a morning Facebook post, the Bangko Sentral ng Pilipinas said that trading in the US dollar and Philippine peso, as well as other monetary operations, would again be halted for the day.The processing of currency-related transactions and PhilPaSSplus operations, which was allowed on Wednesday, was also suspended.'Banks can tap the Cash Service Alliance for their currency needs,' the BSP said.All services will resume on Friday, the central bank announced later in the day.

research and engagement officer Mikhail Plopenio said the drop was due to an overnight sell-off on Wall Street 'amid dismal Q2 corporate results from the tech sector.''Concerns over the economic damages to the country caused by super typhoon Carina weighed on the bourse,' he added.'Lastly, investors digested the government's latest fiscal position data, which posted a deficit of P209.10 billion.'Regina Capital Development Corp.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French company hired to build Metro Iloilo desalination plantILOILO CITY – French company SUEZ has been tapped by Metro Pacific Water Investments Corp. (Metro Pacific Water) to build a desalination plant for Metro Iloilo.
Source: manilabulletin - 🏆 25. / 51 Read more »