Bank of England chief urges banks to show restraint on bonuses; global stocks recover – business live

Bank of England chief urges banks to show restraint on bonuses; global stocks recover – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

The mission of the International Monetary Fund is starting discussions in Ukraine for the second review of the Fund-supported programme, the global lender said today. (The meetings will be conducted virtually.)

Ukraine hopes that the talks will result in disbursement of $700m under the $5bn IMF programme, and reassure markets that have been rattled by the deepening crisis.