 | | | | Ukraine's banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of their earnings in local currency to reserves to cover possible future losses linked to the war, the central bank said on Friday. | | | | | | The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting on Friday. | | | | | | U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of a concerted effort by the G7 wealthy democracies to counter China's multitrillion-dollar Belt and Road initiative. | | | | | | Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the war in Ukraine. | | | | | | Russia's central bank lowered its key interest rate to 14% in a sharper-than-expected move on Friday and said it saw room for cutting rates further this year, as it tries to manage a shrinking economy and soaring inflation. | | | | | | A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets at the height of a currency crisis in 2018. | | | | | | The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts to fight the pandemic recession, in a process U.S. central bank officials expect to run without a hitch. | | | | | | Russia's inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a full-scale economic crisis, a Reuters poll showed on Friday. | | | | | | Regulators across the European Union need more powers to crack down on misleading online financial promotions, the bloc's securities watchdog said on Friday. | | | | | | Spain's BBVA beat forecasts on Friday with a 36.4% year-on-year rise in first quarter net profit, driven by a strong performance in emerging markets, while competitor Caixabank suffered some pressure on lending income. | | | | | |
