News
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.
SET stages recovery despite Omicron, Fed concerns
The Stock Exchange of Thailand Index (SET) rebounded yesterday after declining by nearly 80 points, or 4.8%, over the previous three days
OPEC to decide on oil output policy as omicron Covid variant rattles markets
A group of some of the world’s most powerful oil producers is meeting Wednesday to discuss how much of an impact the new omicron Covid variant is likely to have on energy demand.
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