Page 68 - Bon News Today

(Bloomberg) -- Indonesia’s central bank kept its benchmark interest rate unchanged to support the economy’s recovery, while downgrading its growth outlook and saying it will keep a watch on price pressures fueled by the Russia-Ukraine conflict.

(Bloomberg) -- World Bank Chief Economist Carmen Reinhart said the global economy is passing through a period of “exceptional uncertainty” and added that she wouldn’t rule out further downgrades to the growth outlook.

(Bloomberg) -- Russia’s military shelled southern and eastern Ukraine overnight, with President Volodymyr Zelenskiy saying Moscow had launched a new campaign focused on conquering the eastern Donbas region.  U.S. President Joe Biden will hold a call with key allies Tuesday to discuss Ukraine.

(Bloomberg) -- South Africa’s rand weakened the most in five months and benchmark bonds sold off as rolling power cuts, flood damage and signs of a Covid comeback added to worries about the country’s economic outlook. As global concern over rising U.S.

(Bloomberg) -- The Reserve Bank of Australia said quicker inflation and a pickup in wages growth have moved up the likely timing of the nation’s first interest-rate increase since 2010.

(Bloomberg) -- Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report.

(Bloomberg) -- Slovenian Prime Minister Janez Jansa is running neck-and-neck in opinion polls before Sunday’s elections with an opposition party that has vowed to oust him from power and reverse policies they say undermine democracy and the rule of law.

Track the global equity, currency & commodity markets here.

(Bloomberg) -- Easing property curbs may do little to brighten the outlook for Chinese residential sales as weak home-buyer confidence remains a key hurdle, with Covid’s spread adding extra near-term threats, according to Bloomberg Intelligence.

(Bloomberg) -- Gold rose to a five-week high as the war in Europe, elevated inflation, and the risk of a U.S. recession boosted demand for the haven asset. The precious metal climbed as much as 0.5% in early Asian trading after capping a second weekly gain.