News
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation.
EU divided over how to step away from Russian energy
European Union countries are split on how soon they wind down dependence on Russian energy supplies. While sanctions have been applied to other areas of business, the EU remains heavily reliant on Russian oil and gas
US economy contracts as Ukraine war hits trade
The US economy contracted in the first three months of the year partly due to trade disruption from the Ukraine war. Figures from the Commerce Department showed that gross domestic product fell at an annualised rate of 1.4%.
Colombia central bank board likely to raise borrowing costs to 6%
BOGOTA (Reuters) - Colombia's central bank board is likely to raise the benchmark interest rate by 100 basis points to 6% at its meeting on Friday, as it continues hikes in response to persistent inflation pressures.
Factory output unexpecedly dips in March
Thailand's factory output unexpectedly dipped in March as higher inflation started to affect industry, while the Russia-Ukraine war remains a key risk, the industry ministry said on Thursday.
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery.
INTERNATIONAL RUBBER ASSOCIATION
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