The European Central
Bank is ready to take further measures to support the
crisis-stricken euro zone economy, it said on Wednesday,
attempting to dispel growing concerns that the bank is out of
Chinese liquid detergent
maker Blue Moon, backed by large private equity firm Hillhouse
Capital Group, has picked banks to lead its Hong Kong initial
public offering of up to $1 billion this year, said two people
with direct knowledge of the matter.
Swiss bank UBS has
seen relatively low losses in its Lombard lending portfolio and
feels comfortable with its liquidity despite market drops amidst
the coronavirus pandemic, Chief Financial Officer Kirt Gardner
said on Wednesday.
Greece's securities regulator
banned short-selling on the Athens stock exchange effective from
Wednesday until April 24 to shield the equities market from
volatility, after Greek shares lost nearly half their value this
year due to the coronavirus crisis.
Iceland's central bank on
Wednesday cut its key interest rate for the second time in a
week to 1.75% and released banks' emergency capital buffer to
ease its monetary stance due to the spread of the coronavirus
and its impact on the economy.