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(PNA file photo) MANILA - House Ways and Means Committee chair Representative Joey Salceda on Friday said he will request the Bangko Sentral ng Pilipinas (BSP) to draft legislation on the country's targeted financial sanctions (TFS) framework to combat terrorism financing and proliferation financing. Salceda emphasized the need for the country to implement more effective targeted financial sanctions to convince the Financial Action Task Force (FATF) to remove the Philippines from its "gray list" by next year. The FATF flagged the country for supposed inadequacies in the effective...

Protected by your own governments. we do understand. i'm joined now by 0leksiy sorokin — he is political editor of the english—language kyiv independent news publication. thank you very much forjoining us. what damage to ukraine are you seeing at the moment? we were just hearing your ambassador to the uk seeing it as having an impact. he is absolutely correct. _ seeing it as having an impact. he is absolutely correct. a _ seeing it as having an impact. he is absolutely correct. a lot _ seeing it as having an impact. he is absolutely correct. a lot of - seeing it as having an impact. he: 3 ...

Financial markets of this drug of cheap money that they have become used to. even the way central banks talk about this, they are so, they tiptoe around this issue with the fear of upsetting bond markets in particular and seeing the borrowing rates of governments rise far too quickly. but, certainly, tapering is definitely on the cards. all indications from the federal reserve. and that could actually prove another mini shock, i think, for the financial markets going forward, because they really are hooked on this drug of cheap money.— are hooked on this drug of cheap money. you mentioned ea...

Not that that would be the announcement, but what would that do? >> we've seen in japan they've had negative interest rates, it penalizes savers, you are not earning interest. it penalizes older people on pension, on fixed incomes. it would be good for corporate department, which is one of the reasons he wants it. he wants corporations to continue to take on debt for the markets to stay up, but overall in the economy, i don't think it's a great thing. >> so then there is this, something happened overnight that is raising alarm. the new york fed launched what's called an overnight repo operatio...

Even if the company has denied these allegations one of these a report as you mentioned he's in good working for short sellers it is also true that both this security secured its exchange commission and the u.s. justice department are already investigating for potential accounting issues related to it seems were and holdings on problems. and enron like bernie made off both both loaded terms well known figures in financial history in the us but they lose the heart of their force in new york thank you. let's now look at some of the other global business stories making news european banking stock...