Bloomberg India’s central bank may be reducing its intervention in the currency markets as volumes improve and volatility eases. The Reserve Bank of India likely sold a net $1.8 billion in the two weeks ended April 10, according to estimates by Bloomberg Economics. That follows likely sales of $7.7 billion in the spot forex market last month, which made the …

Bloomberg UniCredit SpA became the first big European bank to try to quantify the impact of the coronavirus, setting aside 900 million euros ($977 million) to cover potential loan losses stemming from the outbreak. Italy’s biggest bank said it will book the provisions for possible soured loans after estimating that the pandemic will cause a 13% contraction in the eurozone’s …

Bloomberg European bank stocks are trading close their steepest-ever discount to US rivals and early signals show that first-quarter earnings may only reinforce the gap. The continent’s lenders, already in a tough spot before the coronavirus outbreak hit, are likely to detail more worrying news for their embattled investors. In Germany, Deutsche Bank AG may have seen credit trading weigh …