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...Jin said his successor would be chosen by an election, with the winning candidate requiring the support of a “supermajority” of two-thirds of the bank’s members and three-quarters of its voting power....
...Tehran sold an average of 1.56mn barrels a day during the first three months of the year, almost all of it to China and its highest level since the third quarter of 2018, according to data company Vortexa...
...About a third of men said they had a positive view of the US economy, compared with just one-fifth of women, while older voters were more likely to have a positive view than younger people....
...About a third list rent or mortgage payments as being the biggest source of financial stress — ranked fifth overall after food, household supplies, gas and utilities....
...The IMF has said that Ukraine needs to limit its public debt levels to roughly four-fifths of GDP by 2028 and two-thirds by 2033....
...Financial markets closed Poland: February CPI inflation rate data UK: Bank of England/Ipsos February Inflation Attitudes Survey and monthly insolvency figures US: University of Michigan consumer sentiment...
...The FT-Michigan Ross poll showed Joe Biden’s approval rating on the US economy improving, but concerns over inflation, including rising fuel prices, could derail his re-election bid....
...He also has a $200mn stake in Axos, an online-only bank that is one of Trump’s largest direct lenders, making him the group’s biggest shareholder. The auto lender is used to doing risky business....
...The president took the action ahead of a trip to Michigan on Thursday, where the Arab-American community has warned the White House that many residents would oppose his re-election because of his support...
...That said, the YouGov surveys point to certain trends in western European and US public opinion....
...Almost a third of survey respondents said overall US economic conditions were “excellent” or “good” earlier this month, up from just over a fifth in November....
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
...Third, the four largest US banks have paid out $630bn since 2013 in share buybacks and dividends, equalling more than 80 per cent of their net income — that’s what they are choosing to use their capital...
...Tim Spence, chief executive at Fifth Third Bank, based in Cincinnati, Ohio, said the competition for deposits remained “robust”, but that banks were no longer having to offer customers such generous terms...
...These data caches can also be monetised by selling them on — in anonymised format — to third parties....
...The suspension was announced on the eve of a trip by US president Joe Biden to Michigan....
...Blazing electronic signs along the highway that connects downtown Detroit to its more prosperous western suburbs announce an unfamiliar cause for optimism in a city that a decade ago was so broke that it...
...Israel’s war cabinet is to meet later for a third consecutive day to consider its response to Iran’s weekend attack....
...The fifth recommendation is extraordinary....
...Ukrainian forces are estimated to have sunk one-fifth of Russia’s Black Sea fleet stationed in the area....
...The Abu Dhabi Investment Authority is seeking to capitalise on western investors’ retreat from China by offering to buy at a discount their stakes in funds managed by Hong Kong-based PAG....
...That shake-up is the driving force behind 20,000 job cuts at Citi, the third-largest US bank by assets....
...Here’s more of the results from the latest FT-Michigan Ross poll....
...Worse, according to the US Energy Information Administration, a fifth of world oil supply passed through the Strait of Hormuz, at the bottom of the Gulf, in 2018....
...Regulators want to cap the late fees that large card issuers can charge to $8 — less than a third of their current levels. Yet you wouldn’t know it from the share prices of the card companies....
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