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(Bloomberg) -- The world’s poorest nations will pay China and its lenders almost $14 billion this year in debt servicing costs, according to new research that urges Beijing to do more to support restructuring for those who need it. In total, 68 such countries will pay $52.

(Bloomberg) -- Brazil analysts raised their 2022 interest rate estimates for the second straight week after the central bank pledged another big borrowing cost hike in May and signaled chances of an even longer tightening cycle.

(Bloomberg) -- Argentina’s inflation accelerated in February at its fastest pace in nearly a year, surpassing forecasts and challenging the government’s targets for this year in its preliminary agreement with the International Monetary Fund. Consumer prices rose 4.

(Bloomberg) -- While history suggests it won’t last, an emotion approaching euphoria descended on equity markets Wednesday after Federal Reserve Chair Jerome Powell persuaded investors his first interest rate hikes in four years won’t throttle the economy.

(Bloomberg) -- Russia said it used a “Kinzhal” hypersonic missile for the first time to strike a western Ukraine target on Friday.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Federal Reserve officials this week embarked on a campaign of tighter monetary policy with the first increase in the U.S.

(Bloomberg) -- The International Monetary Fund’s board of directors will discuss Argentina’s $45 billion agreement on Friday, the final step of approval after two years of negotiations.  The government requested combining two payments due to the IMF on Monday and Tuesday for a total of about $2.

Ukrainian President Volodymyr Zelenskiy said peace talks are Russia’s “only chance” given the growing number of countries imposing sanctions against it, urging Moscow to engage in negotiations.

(Bloomberg) -- Agricultural powerhouse Argentina is meddling in export markets again as Russia’s invasion of Ukraine fans food inflation, providing the perfect cover for a rekindling of protectionist tendencies.

(Bloomberg) -- The Bank of England raised its key interest rate for the third successive meeting, taking borrowing costs back to their pre-pandemic level and warning the war in Ukraine may push inflation well above 8% later this year. The increase to 0.