Dutch bank ABN Amro
warned provisions for souring loans could balloon to 2.5 billion
euros ($2.71 billion) this year as the coronavirus crisis and
oil price crash triggered a higher-than-expected first quarter
Australian shares reversed course to
close higher on Wednesday, as heavyweight Commonwealth Bank of
Australia's shares rose after news of the sale of its
wealth management business and coronavirus provisions being
broadly in line with peers.
Japanese shares dipped further
from a two-month high on Wednesday, tracking overnight losses on
Wall Street on fears of a second wave of COVID-19 infections,
while some profit taking also weighed on the market.
There is no perfect way to begin
gradually easing the lockdown on the British economy and Britons
should apply common sense to new guidance, transport minister
Grant Shapps said on Wednesday as changes to coronavirus
restrictions came into effect.