 | | | | The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China. | | | | | | Sterling fell on Monday to its lowest since September 2020 against a strengthening dollar and edged lower versus the euro, while money markets scaled back their bets on future monetary policy tightening from the Bank of England (BoE). | | | | | | Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported. | | | | | | As the world's dominant creditor, China must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this year's leader of the Group of 20 finance officials told Reuters. | | | | | | Indonesian Finance Minister Sri Mulyani Indrawati on Friday joined a growing chorus of officials calling for reforms aimed at better equipping the World Bank to address mounting global challenges such as climate change and the changing nature of its clients. | | | | | | Cleveland Federal Reserve Bank President Loretta Mester on Friday pushed back against market expectations that the Fed will use outsized hikes to help bring down inflation, saying she prefers a more "methodical" approach. | | | | | | Amsterdam Trade Bank (ATB), a subsidiary of Russia's Alfa Bank, has been declared bankrupt, the Dutch central bank (DNB) said on Friday, citing an Amsterdam District Court Ruling. | | | | | | With expectations for a half-percentage point rate hike at the Federal Reserve's May meeting now locked in, traders on Friday piled into bets that the central bank will go even bigger in subsequent months, but one Fed policymaker pushed back, saying a more "methodical" approach was appropriate even in the face of too-high inflation. | | | | | | U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving "very resilient" in the face of a series of shocks, and she did not foresee it tipping into recession. | | | | | | Investors poured $19.8 billion into hedge funds in the first quarter, the biggest inflow of money since the second quarter of 2015, lured by gains some funds are posting amid volatile markets, according to data provider HFR. | | | | | |
