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JP Morgan cuts growth forecast for PH

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American financial services giant JP Morgan Chase has tempered its 2014 economic growth forecast for the Philippines after first-quarter results fell below expectations and turned out to be the slowest pace of expansion in 10 quarters.

Posted: June 4th, 2014 in Editor's Pick,Headlines | Read More »

BSP expected to hold off rate hikes

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

American financial group JP Morgan sees the Bangko Sentral ng Pilipinas (BSP) holding off any increase in key interest rates until the fourth quarter of this year, during which it sees a modest rate hike of 25 percentage points.

Posted: March 7th, 2014 in Latest Business Stories | Read More »

JPMorgan to cut 8,000 jobs this year

JPMorgan Chase & Co. headquarters on Park Avenue, New York. AP file photo

JPMorgan plans 8,000 layoffs this year as its mortgage and retail banking businesses shrink.

Posted: February 25th, 2014 in Latest Business Stories | Read More »

JP Morgan raises 2014 growth forecast for PH

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American financial services giant JP Morgan sees the Philippine economy expanding at a faster clip than it previously expected this year, supporting local stock market resilience despite currency weakness, an inflation spike and heady valuation.

Posted: February 24th, 2014 in Headlines | Read More »

Sentiment on PH improves

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Foreign investor sentiment on the Philippines has improved anew after the economy was slightly shaken by the US Federal Reserve’s decision to scale back the monetary stimulus in the United States.   In a recent research note, JP Morgan Securities upgraded its rating on the Philippine stock market to “overweight” from “neutral” on the back [...]

Posted: February 21st, 2014 in Headlines | Read More »

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