Page 147 - Bon News Today

(Bloomberg) -- The International Monetary Fund approved a new tranche of aid to Ukraine and extended a $5 billion loan program by six months as the country pledged to progress in implementing reforms.

(Bloomberg) -- Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America.  Price surges are busting through policy makers’ targets in all the region’s major economies, with annual inflation prints this month of 6% in Chile, 6.2% in Mexico, 10.

(Bloomberg) -- Creditors want to know the identity of the mystery buyer who bought Shandong Ruyi Technology Group Co.’s stake in a large European retailer, because the deal has complicated their efforts to take control and sell the Chinese company’s holdings.

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(Bloomberg) -- President Joe Biden gave the Federal Reserve’s political autonomy a needed boost by renominating Republican Jerome Powell as chair, despite calls from some Democrats for a pick more closely aligned with Democrats’ interest in fighting climate change and racial inequity.

(Bloomberg) -- Mauritania is hesitating to participate in a debt-relief plan set up by the world’s leading economies to help poor nations in the wake of the pandemic.

(Bloomberg) -- The Bank of Korea looks set to deliver its second interest-rate increase coming out of the pandemic as mounting inflationary pressure, surging property prices and a resilient economy underscore the case for tighter policy.

(Bloomberg) -- Spanish Prime Minister Pedro Sanchez secured enough votes to pass his budget for next year, a major win that cements political stability as he tries to bolster an economy slowly emerging from the pandemic.

(Bloomberg) -- The International Monetary Fund agreed to revive a $6 billion bailout package for Pakistan, providing a major relief to it’s struggling economy. Pakistan and IMF have reached a staff-level agreement for the loan review, the IMF said in a statement.