European Union finance ministers
have agreed to an economic recovery plan for the coronavirus
crisis that France's minister said implicitly opens the door to
jointly issued debt and which he hailed as a French success.
Russia's Finance Ministry said
on Friday it had closed a deal to purchase a controlling stake
in Sberbank, the country's largest lender, from the
central bank for 2.14 trillion roubles ($28.31 billion).
China's Bank of Gansu
has agreed to loan 30 billion yuan ($4.26 billion) to
state firms over the next three years, after the Gansu
provincial government reportedly agreed to provide a capital
injection following a spate of withdrawals at one branch last
China's Gansu provincial
government will inject capital into Bank of Gansu (2139.HK) with
support from the central bank's special loans, the financial
news outlet Caixin reported on Friday, citing unitentidied
sources at regulator.