Articles by Lawrence Villamar

Maldives Lifts Ban on Luxury Resort Spas

A ban on luxury spas at hotels and massage parlors in the Maldives was lifted on Wednesday under pressure from the country's key tourism industry a week after it was imposed as part of an effort to curb perceived vice.

Franc party rained on by SNB; yen eyed

The safe-haven Swiss franc nursed heavy losses in Asia on Friday, having posted record one-day falls against the euro and dollar after the Swiss National Bank threatened to step up its fight to curb the franc's strength.

South America may expand anti-crisis fund -Mantega

South American finance ministers could agree on Friday on ways to strengthen the Latin American Reserve Fund, or FLAR as it is known in Spanish, to protect regional economies from global volatility, Brazilian Finance Minister Guido Mantega said on Thursday.

Japan sharpens verbal warning vs yen spike

Japanese Finance Minister Yoshihiko Noda sharpened his warning to currency markets on Thursday in the wake of the yen's rise near record highs against the dollar, keeping markets jittery about the possibility of a second round of intervention.