Bloomberg Mexico’s central bank is expected to speed the pace of interest rate increases, hiking borrowing costs by the most in recent times, with inflation stuck near a two-decade high. Banco de Mexico, known as Banxico, is seen raising its key interest rate by 75 basis points to 7.75%, the highest in almost three years, according to all 27 ...

  Bloomberg The slump that’s taken the baht to its weakest in more than five years may be near an end as Thailand entices back tourists and the central bank edges towards hiking rates. The currency’s 6% drop versus the dollar this quarter — its worst three-month performance since Covid-19 devastated sentiment in early 2020 — has coincided with the ...

Bloomberg Zimbabwe’s central bank plans to more than double the benchmark interest rate — already the highest in the world — to 190%, a member of its monetary policymaking committee (MPC) said, as it seeks to put a brake on soaring inflation. Persistence Gwanyanya, from the bank’s MPC, said the intention was to achieve a positive real interest rate to ...

  Bloomberg Global stocks extended gains on Monday after posting their best performance in a month last week. US futures rise, with the Nasdaq 100 advancing 0.6% and technology heavyweights including Amazon.com Inc., Apple Inc. and Microsoft Corp. climbing in premarket trading. Tech shares also boosted indexes in Europe and Asia. Quarterly portfolio rebalancing by institutional buyers could be helping ...

  Bloomberg India’s largest digital assets exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists. With token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on cryptocurrencies just around the corner, exchanges like Binance-backed WazirX have put expansion plans on the back burner. “We have cut down ...

Bloomberg Group of Seven (G-7) negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders to discuss at their summit in Germany. The negotiators known as sherpas held what one official described as “intense” talks on the matter in the Bavarian Alps before the summit began on Sunday. While ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, King of Saudi Arabia, expressing his condolences and sincere sympathy over the death of Princess Moudhi bint Musaed bin Abdurrahman bin Faisal Al Saud. His Highness Sheikh Mohammed ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has finalised a master plan for investing its data in line with the provisions of Law No 26 of 2015 Regulating Data Dissemination and Exchange in Dubai and subsequent policies. The law, which is aligned with the UAE Vision 2021, supports the pillars of a competitive economy driven by knowledge ...

Dubai / WAM Emirates Health Services (EHS) signed a memorandum of understanding with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced health services, as well as innovative hi-tech solutions to support the sector and boost its regional and international competitiveness. The MoU outlines various areas of cooperation for EHS to work on with Johnson & Johnson ...

  Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, will resume direct passenger flights between Abu Dhabi and Beijing from June 29, becoming the first regular direct international passenger flight to recommence for Beijing, under the latest mandate of the Chinese Joint Prevention and Control Mechanism of the State Council. In a statement, Etihad ...