U.S. Treasury Secretary Janet Yellen will meet on Tuesday with Jubilee USA Network, a non-profit group that advocates for debt relief for developing countries, and senior religious leaders from large U.S. Christian and Jewish faith groups.
Credit Suisse said on Tuesday it had recovered some $50 million from a $140 million bridge loan it made to Greensill Capital last year, and would be announcing further cash distributions from its liquidated supply chain finance funds over coming months.
Wall Street's S&P 500 index ended lower on Tuesday and a gauge of global equities was close to flat as investors awaited the Federal Reserve and other central banks meetings this week, where regulators will indicate if they will retain policies supporting a post-pandemic.
The COVID-19 pandemic is likely to widen wealth gaps in Europe unless policymakers help end the health crisis globally, support economies until the pandemic is over and invest in making economies greener, the International Monetary Fund said.
Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts to go green.