Stories from Reuters
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China likely to lower lending rates
Beijing cautiously eases monetary conditions to aid an economy hit by coronavirus
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Crypto industry steps up efforts
crypto businesses asked policymakers to ensure their regulations
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Oil slumps 5% after IMF slashes outlook
Prices fall despite lower output from OPEC+
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IMF cuts global growth forecast
Decision driven by “seismic waves” from Russia’s war in Ukraine
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Russia flags further interest rate cut
Looks for more budget spending to help economy adapt to biting sanctions
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China to step up financial support for Covid-hit industries
Beijing’s economy slowed down in March as consumption, real estate were hit hard
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Morocco sees rise in subsidies spending to $3.2b
The government earmarked 17 billion dirhams for subsidies in the budget
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Buyers agree to pay in roubles
Putin has warned Europe it risked having gas supplies cut unless it pays in the Russian currency
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Plan to lease aircraft draws criticism
SriLankan Airlines has been struggling with a fall in tourism because of the Covid-19 pandemic
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Russia may be in default, says Moody’s
Moscow made payment on two sovereign bonds in roubles rather than dollars