Elon Musk’s Twitter bid is successful after the social media group's board approves his 44 billion dollar takeover bid. The acquisition sparked a flurry of speculation over what the future of the platform may hold. The PBOC pledges more economic support, after Chinese equities post their worst day since February 2020, pushing Asian equities higher. HSBC beats expectations despite posting a near 30 percent fall in first quarter profit as Covid and inflation weigh on revenues at Europe's largest lender. CFO Ewen Stevenson tells CNBC that rate normalisation is a bright spot. And, profit at Swiss bank UBS tops forecasts at over 2 billion dollars in the first quarter, as higher trading volumes boost the bottom line, offsetting the impact from its exposure to Russia.

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