Page 70 - Bon News Today

(Bloomberg) -- Federal Reserve officials are reinforcing expectations they’ll raise interest rates by a half percentage-point next month, accelerating a hawkish pivot to curb the hottest inflation in four decades.

(Bloomberg) -- Turkey’s central government budget swung to a deficit after running a surplus for two consecutive months as spending outpaced tax collection. The government posted a monthly fiscal deficit of 69 billion liras ($4.7 billion) in March, compared with a gap of 23.

(Bloomberg) -- Property taxes on single-family homes exceeded $10,000 in 16 counties in 2021, including 12 in the New York City metro area, according to real-estate research firm Attom Data Solutions.  Overall the average tax increased 1.

(Bloomberg) -- Bahrain’s InvestCorp fund is in exclusive talks with Elliott Management Corp. to buy iconic Italian soccer club AC Milan for an enterprise value of 1 billion euros ($1.1 billion), according to people familiar with the matter.

(Bloomberg) -- Pakistan’s new government has kept fuel prices unchanged that may continue to put the nation’s critical $6 billion loan program lifeline at risk. Prime Minister Shehbaz Sharif’s administration left gasoline prices at 149.86 rupees a liter and diesel at 144.

(Bloomberg) -- The only candidate to become the new governor of Bulgaria’s central bank failed to gather sufficient support, leaving the country without a decision on who will push forward with the country’s 2024 euro-entry plan.

(Bloomberg) -- Bond traders are punishing the European Central Bank’s focus on supporting growth in the face of record-high inflation.

(Bloomberg) -- Fasset, a digital-asset gateway, is planning a major expansion in some areas of the Islamic world, as it seeks to boost the adoption of cryptocurrencies in places where it is still viewed with suspicion.

(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda faces another awkward communications challenge later this month when the central bank updates forecasts widely expected to predict the strongest annual inflation since 1992 outside tax hike years.

(Bloomberg) -- Argentina’s central bank raised interest rates for the fourth time this year after inflation data published earlier in the day showed prices increasing at the fastest monthly pace in 20 years.