Wall Street leaders and US officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, people with knowledge of the situation said. The shares rose in early trading.
Man Group Plc Chief Executive Officer Luke Ellis warned the banking crisis that has sent shockwaves through markets this month isn’t over and more lenders could fail.
President Volodymyr Zelenskiy condemned what he called “murderous” Russian strikes on Ukraine overnight using Iranian drones, as well as fresh missile attacks and shelling, dismissing any talk of a possible cease-fire coming from the Kremlin.
(Bloomberg) — Iceland’s central bank extended western Europe’s longest monetary-tightening campaign with an acceleration in hiking, braving global banking turmoil to intensify its fight against inflation.
The Nigerian opposition candidates that came second and third in last month’s presidential election filed court petitions contesting the result that saw the ruling party’s nominee emerge the winner.
Turkey’s biggest non-aligned political party said it won’t field its own candidate in May’s presidential elections, in a boost to the main opposition coalition’s chances of unseating Recep Tayyip Erdogan.
The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde.
Two former UK prime ministers, Boris Johnson and Liz Truss, said they would vote against a key feature of Rishi Sunak’s new post-Brexit deal with the EU, in a sign that a rebellion by members of his own party may be bigger than anticipated.
European stocks fluctuated in a narrow range and US equity futures edged lower as investors prepared for the Federal Reserve’s much-anticipated interest-rate decision. The pound strengthened after a surprise rise in UK inflation increased pressure for action from the Bank of England.
The World Bank approved a new five-year strategy for Egypt that has improving the nation’s business environment and supporting green development among its goals.
