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Finland says it’s ready to join Nato even without Sweden

Bloomberg Finland is set to join Nato if it gets the last outstanding ratifications for its membership bid, regardless of what progress Sweden has made towards joining the alliance, President Sauli Niinisto said. Finland’s parliament has moved ahead with a domestic process to ratify the Nordic country’s accession to Nato, raising questions about whether the two countries could be admitted ...

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China considering veteran banker as next PBOC chief

  Bloomberg China is considering installing veteran banker Zhu Hexin as its next central bank governor, while a close ally of Xi Jinping is a likely candidate to become its Communist Party chief, the Wall Street Journal reported. He Lifeng, expected to replace Liu He as China’s vice premier responsible for economic policy in a government reshuffle next month, is ...

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ECB avoids 2022 loss due to release of €1.6b buffer

Bloomberg The European Central Bank (ECB) reported zero profit for 2022, deploying buffers it set aside in earlier years to dodge a loss linked to stimulus-driven bond-buying. Tapping those reserves became necessary after asset purchase-related interest payments to the euro area’s national central banks jumped to about €2 billion ($2.1 billion). That was due to borrowing costs being raised to ...

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