December 12, 2017, 12:48 am
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1 Philippine Peso = 0.07278 UAE Dirham
1 Philippine Peso = 2.24757 Albanian Lek
1 Philippine Peso = 0.03528 Neth Antilles Guilder
1 Philippine Peso = 0.3421 Argentine Peso
1 Philippine Peso = 0.02639 Australian Dollar
1 Philippine Peso = 0.03528 Aruba Florin
1 Philippine Peso = 0.03964 Barbados Dollar
1 Philippine Peso = 1.63231 Bangladesh Taka
1 Philippine Peso = 0.03302 Bulgarian Lev
1 Philippine Peso = 0.00747 Bahraini Dinar
1 Philippine Peso = 34.69217 Burundi Franc
1 Philippine Peso = 0.01982 Bermuda Dollar
1 Philippine Peso = 0.02679 Brunei Dollar
1 Philippine Peso = 0.13598 Bolivian Boliviano
1 Philippine Peso = 0.06524 Brazilian Real
1 Philippine Peso = 0.01982 Bahamian Dollar
1 Philippine Peso = 1.27948 Bhutan Ngultrum
1 Philippine Peso = 0.20552 Botswana Pula
1 Philippine Peso = 396.82854 Belarus Ruble
1 Philippine Peso = 0.0396 Belize Dollar
1 Philippine Peso = 0.0255 Canadian Dollar
1 Philippine Peso = 0.01967 Swiss Franc
1 Philippine Peso = 12.99108 Chilean Peso
1 Philippine Peso = 0.13122 Chinese Yuan
1 Philippine Peso = 59.62339 Colombian Peso
1 Philippine Peso = 11.156 Costa Rica Colon
1 Philippine Peso = 0.01982 Cuban Peso
1 Philippine Peso = 1.85788 Cape Verde Escudo
1 Philippine Peso = 0.43044 Czech Koruna
1 Philippine Peso = 3.50505 Djibouti Franc
1 Philippine Peso = 0.12534 Danish Krone
1 Philippine Peso = 0.94034 Dominican Peso
1 Philippine Peso = 2.28612 Algerian Dinar
1 Philippine Peso = 0.26346 Estonian Kroon
1 Philippine Peso = 0.35183 Egyptian Pound
1 Philippine Peso = 0.53538 Ethiopian Birr
1 Philippine Peso = 0.01684 Euro
1 Philippine Peso = 0.04147 Fiji Dollar
1 Philippine Peso = 0.01479 Falkland Islands Pound
1 Philippine Peso = 0.01479 British Pound
1 Philippine Peso = 0.08907 Ghanaian Cedi
1 Philippine Peso = 0.93459 Gambian Dalasi
1 Philippine Peso = 178.43409 Guinea Franc
1 Philippine Peso = 0.14546 Guatemala Quetzal
1 Philippine Peso = 4.01804 Guyana Dollar
1 Philippine Peso = 0.1547 Hong Kong Dollar
1 Philippine Peso = 0.46587 Honduras Lempira
1 Philippine Peso = 0.12671 Croatian Kuna
1 Philippine Peso = 1.24044 Haiti Gourde
1 Philippine Peso = 5.28662 Hungarian Forint
1 Philippine Peso = 268.48364 Indonesian Rupiah
1 Philippine Peso = 0.06983 Israeli Shekel
1 Philippine Peso = 1.27788 Indian Rupee
1 Philippine Peso = 23.46878 Iraqi Dinar
1 Philippine Peso = 701.16946 Iran Rial
1 Philippine Peso = 2.06938 Iceland Krona
1 Philippine Peso = 2.47374 Jamaican Dollar
1 Philippine Peso = 0.01402 Jordanian Dinar
1 Philippine Peso = 2.24961 Japanese Yen
1 Philippine Peso = 2.04063 Kenyan Shilling
1 Philippine Peso = 1.38206 Kyrgyzstan Som
1 Philippine Peso = 79.68285 Cambodia Riel
1 Philippine Peso = 8.28543 Comoros Franc
1 Philippine Peso = 17.83944 North Korean Won
1 Philippine Peso = 21.63231 Korean Won
1 Philippine Peso = 0.00598 Kuwaiti Dinar
1 Philippine Peso = 0.01625 Cayman Islands Dollar
1 Philippine Peso = 6.6333 Kazakhstan Tenge
1 Philippine Peso = 164.81665 Lao Kip
1 Philippine Peso = 29.84143 Lebanese Pound
1 Philippine Peso = 3.03469 Sri Lanka Rupee
1 Philippine Peso = 2.47968 Liberian Dollar
1 Philippine Peso = 0.27056 Lesotho Loti
1 Philippine Peso = 0.06043 Lithuanian Lita
1 Philippine Peso = 0.0123 Latvian Lat
1 Philippine Peso = 0.02704 Libyan Dinar
1 Philippine Peso = 0.18759 Moroccan Dirham
1 Philippine Peso = 0.34103 Moldovan Leu
1 Philippine Peso = 1.03171 Macedonian Denar
1 Philippine Peso = 26.9772 Myanmar Kyat
1 Philippine Peso = 48.22597 Mongolian Tugrik
1 Philippine Peso = 0.15934 Macau Pataca
1 Philippine Peso = 6.97721 Mauritania Ougulya
1 Philippine Peso = 0.67096 Mauritius Rupee
1 Philippine Peso = 0.30426 Maldives Rufiyaa
1 Philippine Peso = 14.14153 Malawi Kwacha
1 Philippine Peso = 0.37538 Mexican Peso
1 Philippine Peso = 0.08101 Malaysian Ringgit
1 Philippine Peso = 0.27055 Namibian Dollar
1 Philippine Peso = 7.11596 Nigerian Naira
1 Philippine Peso = 0.60852 Nicaragua Cordoba
1 Philippine Peso = 0.16439 Norwegian Krone
1 Philippine Peso = 2.04432 Nepalese Rupee
1 Philippine Peso = 0.02898 New Zealand Dollar
1 Philippine Peso = 0.00763 Omani Rial
1 Philippine Peso = 0.01982 Panama Balboa
1 Philippine Peso = 0.06409 Peruvian Nuevo Sol
1 Philippine Peso = 0.06435 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.09514 Pakistani Rupee
1 Philippine Peso = 0.07069 Polish Zloty
1 Philippine Peso = 111.87314 Paraguayan Guarani
1 Philippine Peso = 0.07216 Qatar Rial
1 Philippine Peso = 0.07797 Romanian New Leu
1 Philippine Peso = 1.17163 Russian Rouble
1 Philippine Peso = 16.55857 Rwanda Franc
1 Philippine Peso = 0.07433 Saudi Arabian Riyal
1 Philippine Peso = 0.15331 Solomon Islands Dollar
1 Philippine Peso = 0.26983 Seychelles Rupee
1 Philippine Peso = 0.13201 Sudanese Pound
1 Philippine Peso = 0.16747 Swedish Krona
1 Philippine Peso = 0.0268 Singapore Dollar
1 Philippine Peso = 0.0148 St Helena Pound
1 Philippine Peso = 0.44016 Slovak Koruna
1 Philippine Peso = 151.23885 Sierra Leone Leone
1 Philippine Peso = 11.08028 Somali Shilling
1 Philippine Peso = 412.8087 Sao Tome Dobra
1 Philippine Peso = 0.17344 El Salvador Colon
1 Philippine Peso = 10.20773 Syrian Pound
1 Philippine Peso = 0.27056 Swaziland Lilageni
1 Philippine Peso = 0.64618 Thai Baht
1 Philippine Peso = 0.04946 Tunisian Dinar
1 Philippine Peso = 0.04551 Tongan paʻanga
1 Philippine Peso = 0.07598 Turkish Lira
1 Philippine Peso = 0.13358 Trinidad Tobago Dollar
1 Philippine Peso = 0.59489 Taiwan Dollar
1 Philippine Peso = 44.28147 Tanzanian Shilling
1 Philippine Peso = 0.53697 Ukraine Hryvnia
1 Philippine Peso = 71.63528 Ugandan Shilling
1 Philippine Peso = 0.01982 United States Dollar
1 Philippine Peso = 0.57542 Uruguayan New Peso
1 Philippine Peso = 160.35679 Uzbekistan Sum
1 Philippine Peso = 0.19772 Venezuelan Bolivar
1 Philippine Peso = 450.12883 Vietnam Dong
1 Philippine Peso = 2.12071 Vanuatu Vatu
1 Philippine Peso = 0.05137 Samoa Tala
1 Philippine Peso = 11.04004 CFA Franc (BEAC)
1 Philippine Peso = 0.05352 East Caribbean Dollar
1 Philippine Peso = 11.53221 CFA Franc (BCEAO)
1 Philippine Peso = 2.00932 Pacific Franc
1 Philippine Peso = 4.95441 Yemen Riyal
1 Philippine Peso = 0.27055 South African Rand
1 Philippine Peso = 102.86422 Zambian Kwacha
1 Philippine Peso = 7.17344 Zimbabwe dollar

Brexit buys time for bruised LSE

LONDON- Bruised by the collapse of its merger with Deutsche Boerse and battered by the abrupt departure of its CEO, the London Stock Exchange (LSE) may find Brexit buys it time get its house in order.

The turbulence at the top of the 300-year-old City of London institution has triggered another round of speculation that large US rivals such as ICE or CME could become predators.

While London is Europe’s biggest financial market, Britain is due to leave the European Union in just over a year’s time and it is far from clear what trading relations it will have with the bloc when it comes to cross-border financial services.

“I see (a bid from a US rival) as doubtful as ICE especially, in my eyes, wants to see more substance on Brexit negotiations before pulling their cheque book out,” said a top-20 LSE shareholder, who declined to be named.

What’s more, while the London exchange’s LCH division dominates the clearing of financial contracts in euros now, some EU policymakers insist the business should move within the currency bloc once Britain quits the EU.

“For anyone stepping in and thinking about acquiring the LSE, the big risk for them is Brexit,” said an analyst at an investment bank, who added that LSE shares looked expensive given the uncertain outlook.

“ICE and CME would be foolish not to look at LSE as this is one where you want to strike when the iron’s hot. But because of Brexit, it just seems that 22 times next year’s earnings in this environment is a risk,” the analyst said.

ICE declined to comment. CME had no immediate comment.

Before quitting this week after more then eight years at the helm, CEO Xavier Rolet turned the LSE into a diversified exchange group by expanding its activities in stock indexes and buying a controlling stake in LCH Group.

Under the former investment banker, the LSE’s share price increased fivefold and a successful merger with Deutsche Boerse would have added a significant futures business to its portfolio to catch up with US rivals.

But the deal to create Europe’s biggest stock exchange started to unravel after the Brexit vote as politicians bickered over whether the seat of power should be in London or Frankfurt. EU regulators killed the deal off in May. 

In October, the LSE announced that Rolet would step down at the end of 2018 but days later, activist investor TCI Fund Management said the Frenchman was being forced out and it should be LSE Chairman Donald Brydon going instead.

According to a person close to TCI, the hedge fund started to have misgivings about Rolet’s departure when it spoke to him the day after the 2018 succession plan was announced.

Asked whether he planned to spend more time at his family’s vineyard in France, Rolet said he’d barely been to the winery in a decade and didn’t care about it, according to the person, who said it was clear Rolet wanted to stay.

“When people answer questions in a certain way, it gives away their true feelings and thought processes,” the person said, adding that Rolet declined to say why he was leaving.

A month of messy public wrangling followed, exposing a deep rift between the chairman and the CEO and dragging in the Bank of England. Rolet quit on Wednesday and TCI again called for Brydon to go.

On Thursday, the LSE said it would hold a shareholder meeting on Dec. 19 to decide if Brydon should be removed as demanded by TCI, the fourth-biggest LSE shareholder with a 5 percent holding.

An adviser to the LSE said he was confident the vote would go against TCI. The hedge fund believes there is enough shareholder support to back its resolution.  - Reuters
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