India's central bank asked banks on Wednesday to let certain borrowers have more time to repay loans, among other support measures, amid a major second wave of COVID-19 infections in the country that has led to strict lockdowns in several states.
Black and Hispanic U.S. mortgage borrowers are much more likely to be delinquent or in a "forbearance" program than white borrowers, highlighting how the COVID-19 crisis is exacerbating systemic racial disparities, according to new data from the Consumer Financial Protection.
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SYDNEY, May 5 (Reuters) - The Australian and New Zealand dollars regained some altitude on Wednesday as surprising strength in local economic data suggested the United States was not the only country where upward pressure on interest rates was mounting.
The Aussie edged up to $0.7734, after touching a three-week low of $0.7675 overnight when the U.S. dollar got a broad lift from talk of future U.S. rate hikes.
The kiwi dollar firmed to $0.7173 and away from a trough of $0.7116, which now marks major chart support.
It was helped by data showing New Zealand’s unemployment rate unexpectedly dipped to 4.7% in the March quarter, when analysts had thought it would stay at 4.9%.
By Reuters Staff
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MADRID, May 5 (Reuters) - Spain’s Unicaja, which has agreed to buy Liberbank, said on Wednesday its first-quarter net profit fell 7.4% against the same period a year ago after it booked 25 million euros in COVID-19 related provisions.
The lender reported a net profit of 43 million euros ($51.65 million) in the January to March period. Analysts polled by Reuters expected a net profit of 35 million euros.
$1 = 0.8325 euros Reporting by Jesús Aguado, Editing by Inti Landauro
By Reuters Staff
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BENGALURU, May 5 (Reuters) - Indian shares opened higher on Wednesday, led by heavyweight financials, as market participants waited for an unscheduled address by the central bank governor where more pandemic relief measures are expected to be announced.
Local media, citing sources, has reported bityl.co/6gum that banks have requested the central bank to allow another moratorium on loan repayments, or a relaxation in the recognition and provisioning for bad loans, to protect lenders and creditors during the ferocious second wave of coronavirus infections in the country.
Reserve Bank of India Governor Shaktikanta Das will give an address at 0430 GMT, the central bank said on its Twitter account, without providing any further details.