 | | | | UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put at risk by the Ukraine war, even as it set aside almost as much to cover the cost of quitting Russia. | | | | | | In a race to get on top of surging inflation, central banks in the United States, Britain and Australia, all jacked up interest rates this week. | | | | | | Britain's pound and government bond yields fell sharply on Thursday, after the Bank of England raised interest rates to their highest since 2009 but warned that the economy was at risk of recession. | | | | | | New York Stock Exchange-owner Intercontinental Exchange posted a rise in first-quarter profit on Thursday, driven by higher trading volumes in several asset classes as interest hike expectations and the Ukraine war raised market volatility. | | | | | | The European Central Bank is preparing for a sequence of rate hikes that will put its benchmark rate in positive territory, but the path it takes is more important than the exact date of the first move, ECB chief economist Philip Lane said on Thursday. | | | | | | The European Union aims to cut off Sberbank , Russia's largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial markets over its war in Ukraine. | | | | | | Europe's top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are not entitled to compensation for losses suffered after the Spanish bank was wound down and rescued. | | | | | | The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years. Fed Chair Jerome Powell said a rate increase of as much as three-quarters of a percentage point is not something officials are "actively considering." | | | | | | The dollar will retain most of its recent gains for at least another six months, according to a Reuters poll of FX strategists who for years mostly held the view the greenback would weaken. | | | | | | British challenger bank Virgin Money UK Plc raised its annual net interest margin forecast on Thursday, boosted by strong credit card spending by customers and rising interest rates. | | | | | |
