 | | | | The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns south or interest rates rise, an ECB letter showed on Wednesday. | | | | | | Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital asset sector. | | | | | | The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs. | | | | | | A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top investors in Italy's biggest insurer was quoted as saying. | | | | | | Russian Finance Minister Anton Siluanov said on Wednesday that a proposed sovereign Eurobond buyback would stop discrimination against Russian bondholders, who he said were not able to access funds sent to settlement system Euroclear, Interfax reported. | | | | | | A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation. | | | | | | UBS spent 3.81 billion Swiss francs ($4.10 billion) repurchasing its shares equivalent to 6.49% of its share capital in its 2021 buyback, the Swiss bank said on Wednesday. | | | | | | The U.S. Treasury yield curve, widely watched as a barometer of the economy's health, briefly "inverted" on Tuesday in a warning sign bond investors see a recession on the horizon. | | | | | | A favorite Wall Street harbinger of business-cycle downturns sent up a warning flare that a recession may be on the horizon on Tuesday, just hours after the latest data on the U.S. economy showed business demand for workers remained strong and consumers were still confident despite some worries about inflation. | | | | | | Egypt's two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they introduced last week at a yield of 18%, the state Middle East News Agency (MENA) said on Tuesday. | | | | | |
