Page 117 - Bon News Today

(Bloomberg) -- Inflation hawks are about to get what they want from the Federal Reserve -- which means emerging markets are about to get what they’ve traditionally feared. The prospect of higher U.S.

(Bloomberg) -- The U.K.’s relations with China may be at a low ebb but China Construction Bank Corp.’s City of London outpost is banking on ever closer financial flows between the two countries. The branch is the sole renminbi clearing bank in the U.K.

(Bloomberg) -- Central banks in some of Africa’s biggest economies will likely look past high inflation and U.S. policy tightening and hold interest rates over the coming weeks to shore up their recoveries from the Covid-19 stasis. Since monetary policy makers on the continent last met, U.S.

(Bloomberg) -- Pakistan held its benchmark interest rate steady for the first time in four meetings, opting to watch the effects of previous increases on Asia’s fastest inflation. The State Bank of Pakistan kept the target rate unchanged at 9.

U.S. Secretary of State Antony Blinken joins a meeting of European Union foreign ministers Monday as Russia and Ukraine accuse each other of escalating military activity.

(Bloomberg) -- Inflexion Private Equity Partners is considering options for Radius Payment Solutions, including a sale that could value the U.K. fuel cards and telematics firm at about 2 billion pounds ($2.7 billion), people familiar with the matter said.

(Bloomberg) -- Turkish Finance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40% in the months ahead and not to surpass 50% this year, according to people who attended.

(Bloomberg) -- The surging omicron variant is complicating the recovery for a world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines. Supermarkets are struggling to stock shelves amid chronic staff shortages.

(Bloomberg) -- Some of the world’s biggest funds are switching toward emerging-market equities in a bet their central banks have less need to raise interest rates after tightening before their developed-nation peers last year.

(Bloomberg) -- The New Zealand dollar is turning vulnerable to further declines despite expectations of aggressive policy tightening from the nation’s central bank this year.