 | | | | U.S. producer prices increased more than expected in March amid a surge in demand for services, suggesting inflation could remain high for a while. | | | | | | Russia can boost its economy by 7-8 trillion roubles ($85-97 billion) without stoking significant inflationary risks, a senior official said on Wednesday, as Moscow deals with supply curbs, a fall in oil production and manufacturing output slows. | | | | | | The average interest rate on the most popular U.S. home loan rose to more than 5% last week, the highest level since November 2018, and homebuyers hurried to make purchases before costs rise further, the latest weekly survey from the Mortgage Bankers Association (MBA) showed on Wednesday. | | | | | | Binance boss Changpeng Zhao praised France for its "pro-crypto" regulations on Wednesday, as the world's biggest cryptocurrency exchange pursues plans to make Paris its European base. | | | | | | The Bank of Canada on Wednesday is expected to announce its first half-point interest-rate increase in over 20 years, as the central bank accelerates its tightening timeline to tackle an overheating economy, analysts said. | | | | | | The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. | | | | | | BlackRock Inc plans to launch its first product in China's $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly, two people with direct knowledge of the matter told Reuters. | | | | | | South Korea's central bank said on Wednesday it has agreed with the Central Bank of the United Arab Emirates (CBUAE) to extend a currency swap agreement for five years. | | | | | | The U.S. Federal Reserve must put the brakes on economic activity to tackle surging prices, James Bullard, president of the St Louis Fed, told the Financial Times in an interview. | | | | | | Ukrainian refugees fleeing war have been hospitably received around Europe, but the longer they stay the more their presence may exacerbate housing price pressures in host nations like Germany, Poland and the Czech Republic. | | | | | |
