Page 61 - Bon News Today

(Bloomberg) -- Federal Reserve Chair Jerome Powell has as good as promised that U.S. officials will deliver a 50 basis-point interest-rate increase, the biggest such adjustment in more than two decades, but he’s been less clear about how much further they’ll need to go.

(Bloomberg) -- A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds.

The latest offer from Moscow involves payment for Indian oil imports from Russia in dollar or euro.

(Bloomberg) -- South Africa has indicated its interest in co-chairing Zambia’s official creditors committee together with France, the nation’s finance ministry said.

(Bloomberg) -- Colombia’s central bank raised interest rates to a 5-year high in a split decision to curb soaring inflation in the fast-growing economy. The bank lifted borrowing costs by one percentage point to 6%, Governor Leonardo Villar told reporters after the meeting on Friday.

(Bloomberg) -- Australia’s central bank is expected to raise interest rates for the first time since 2010, a survey of economists showed, a decision that would catapult it to center stage of the nation’s hard-fought election campaign.

(Bloomberg) -- Food prices, particularly edible oils and some grains, have risen more than India’s monetary authorities had expected, according to a dovish member of its rate-setting committee.

(Bloomberg) -- Germany signaled it wouldn’t oppose a European Union embargo on Russian oil, but expressed skepticism that it’s the most effective means of damaging Vladimir Putin.  Russian missiles struck Ukraine’s capital, Kyiv, on Thursday evening, a few miles east of the city center.

(Bloomberg) -- The euro zone’s recovery from the pandemic is already showing signs of flagging even before it meets the economic storm clouds heading its way.

(Bloomberg) -- Elon Musk’s planned takeover of Twitter Inc. has put a spotlight on the company’s failure to ensure its users are always who they say they are. Musk has vowed to make Twitter a platform populated strictly by humans.