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...On Tuesday Olayemi Cardoso, Nigeria’s central bank governor, named Binance at a press conference while discussing the funds flowing through crypto exchanges....
...EU economy commissioner Paolo Gentiloni, who was also in Washington for the spring meetings of the IMF and World Bank, told the Financial Times the urgent matter for Ukraine right now was military support...
...“The suspects transferred the funds to their bank accounts in Austria, Romania and Slovakia as soon as they received the advance payments,” the EPPO said....
...A European official said a bond could deliver between €30bn and €40bn based on the estimated profits from the Russian funds in Euroclear over the next 10 years, and €50bn-€60bn in profits over the next 15...
...But in one European country, shares have been flying off the shelves. Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
...Central bank losses are likely to be seized on by critics of their recent massive bond purchases, with one case against this still pending in the German constitutional court....
...There are 957,000 vacancies in the economy, about 100,000 more than on the eve of the pandemic....
...Eurozone inflation fell to 2.8 per cent in January from a record high of 10.6 per cent in October 2022....
...Financial market expectations that there would be no cut in the Federal Funds rate in June leapt from 43 per cent to 83 per cent last Wednesday, before coming back a bit....
...ETG’s lenders such as regional development banks were “deeply concerned” about the seizure in Mozambique because “much of the product stolen from our facilities was collateralised in their favour so they...
...Fears have been raised that other central banks or governments might withdraw from euro assets due to concerns their holdings could also be frozen or seized....
...This could be done by tilting the planned structural bond portfolio away from the biggest polluters or by incentivising banks to fund more green loans....
...Consumer prices rose at an annual rate of 3.2 per cent in March, down from 3.4 per cent in February, the Office for National Statistics said today....
...But they forecast growth would recover to 1.4 per cent next year....
...Benchmark German government bond yields have risen from 2.03 per cent to 2.43 per cent since the start of January, reflecting a fall in prices....
...Benchmark 10-year Treasury yields rose 0.05 percentage points to 4.43 per cent. “Ten-year yields are drifting higher....
...Eurozone wage growth slowed for the first time in 18 months, increasing 4.5 per cent in the last quarter of 2023....
...UK inflation fell less than expected to 3.2 per cent in March, hitting hopes of early interest rate cuts from the Bank of England....
...What about the reforms supposedly launched in Italy to draw on tens of billions of euros in grants and loans from the EU’s post-pandemic recovery fund?...
...The trend was driven by acquisitions of UK-listed companies, a lack of potential new issuers and outflows from funds that invest in UK equities, he said....
...That was the case for Belgium, which saw its envelope shrink by a quarter from €5.9bn to €4.5bn....
...Chart du jour: Keep on cooling Eurozone inflation fell to 2.4 per cent in March, below forecast and continuing a downward trend, bolstering expectations that the European Central Bank will cut interest...
...But in a sign of compromise, Kosovo’s central bank said it would extend a transition period from one to three months, and make it easier to transition to the euro as cash in affected areas....
...UBS has named Kurt Anthony head of its consumer and retail group in the Americas. He joined the Swiss bank last year from Barclays, where he focused on apparel, speciality retail and packaged food....
...Letter in response to this newsletter: World Bank ‘lab’ fails to address climate challenge / From Inder Sud, Former Director, World Bank (1990-2001), Reston, VA, US...
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