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(Taylor Weidman / Bloomberg / MANILA BULLETIN)

Peso peaks at P51 to the US dollar

By Lee Chipongian The peso hit an 11-year low of P51.08 to the US dollar on Friday but it was no cause for worry, according to…





This file photo taken on April 2, 2009 shows the US Federal Reserve building in Washington, DC. (AFP PHOTO / KAREN BLEIER / MANILA BULLETIN)

Major US banks would withstand recession: US Fed

By Agence France-Presse The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal…