Thursday 21 April 2022

Reuters Global Investor: Blackstone's first-quarter earnings surge 63%

Blackstone's first-quarter earnings surge 63%

Blackstone Inc said on Thursday its first-quarter distributable earnings jumped 63% as a strong performance from its real estate and credit businesses offset a weak showing from its hedge funds unit.

Canada inflation could be at peak, but that's little relief for central bank

Canada's headline inflation may have peaked after hitting a 31-year high in March, economists said, though the central bank still faces an uphill battle to bring rocketing prices back to earth before expectations become entrenched.

Zero to neutral in 9 months marks a defining pivot for Fed, Powell

With even the most dovish U.S. central bankers now calling for a key interest rate to hit its "neutral" level by year's end to tame high inflation, the Federal Reserve appears headed for perhaps its swiftest shift in monetary policy since the 1960s, with all the risks that ride along with such an abrupt change.

Russian cenbank eyes rate cut, warns of structural economic changes

The Russian central bank will consider cutting the key interest rate from 17% at upcoming board meetings, Governor Elvira Nabiullina said on Thursday, flagging economic challenges that Russia will face as it tries to blunt western sanctions over Ukraine.

Russian c.bank chief says looking at adjusting forex controls

Russia is looking at adjustments to its forex controls to avoid situations where the rouble exchange deviates on a shadow market from official levels, Central Bank Governor Elvira Nabiullina said on Thursday.

Crypto exchange Binance curbs services in Russia

The world's largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions.

Morning Bid: Of landings hard and soft

A look at the day ahead in markets from Sujata Rao.

China UnionPay, Russia's potential payments backstop

Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa Inc and MasterCard Inc joined other Western firms in suspending operations in Russia.

Deloitte, partner fined and sanctioned over Mitie audit

Deloitte and audit partner John Charlton have been fined and severely reprimmanded over a 2016 audit of Mitie , a British outsourcing company, the Financial Reporting Council (FRC) auditing watchdog said on Thursday.

History of Japan's intervention in currency markets

A precipitous drop in the yen has investors wary that Japan intervenes in the open market to support the currency.

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