 | | | | China will step up financial support for industries, firms and people affected by COVID-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic slowdown. | | | | | | Rivian Automotive Inc CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them. | | | | | | Indonesia's second biggest coal miner PT Adaro Energy Indonesia Tbk said on Monday it has shipped roughly 300,000 tonnes of coal to some buyers in Europe, where countries are seeking a new source of the fuel due to sanctions on Russia. | | | | | | U.S. stock index futures dipped on Monday as Treasury yields continued to rise in expectation of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit. | | | | | | The Russian invasion of Ukraine is making Cuba's three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship for residents, according to economic experts and businessmen. | | | | | | Gaming companies FlickPlay and The Sandbox announced a new partnership on Monday that will allow players to use a blockchain asset on both platforms, representing a key step in the building of the metaverse. | | | | | | Bank of America Corp reported a smaller-than-expected 13% fall in first-quarter profit on Monday, as strong growth in its consumer lending business helped cushion the blow from a slowdown in global deal-making. | | | | | | Wall Street banks' commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia's invasion of Ukraine, first quarter earnings disclosures showed. | | | | | | Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic growth. | | | | | | Russian Central Bank Governor Elvira Nabiullina on Monday flagged a further cut in interest rates and said it would take two years to rein back inflation to its 4% target as the economy adapts to the impact of western sanctions. | | | | | |
