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Blamed for Putinflation Abroad, Russia Now Sees Prices Cool

(Bloomberg) -- A war launched by the Kremlin against Ukraine took the blame for driving up the global cost of everything from food to fuel, prompting international sanctions that also contributed to one of the biggest price shocks in modern Russian history. But a year on, and even as inflation continues to rage in many major economies, price growth in Russia has plunged near the level in Japan and well below those seen in the US and the Eurozone. On an annual basis, Russian inflation reached 3.5...
Dmitry Polevoy Alexander Isakov Olga Belenkaya Locko Bank Bloomberg Economics Says Business General

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Central Banker Behind Lebanon Financial Engineering Set to Leave

(Bloomberg) -- Lebanese central bank Governor Riad Salameh said for the first time he plans to leave after his term expires later this year, bringing to an end a three-decade tenure marked by controversial policies that have been blamed for the countryโ€™s financial implosion. Salameh, 72, whoโ€™s also the target of international investigations into money laundering and embezzlement, told Asharq TV in an interview on Friday that he wonโ€™t seek a new term. The veteran banker maintained his innoc...
Raja Salameh Forry Associates Ltd Merrill Lynch World Bank Governor Riad Salameh Wall Street

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