Bloomberg Peru’s ousted President Pedro Castillo was ordered to remain in custody for 18 months amid nationwide protests demanding his release and new presidential elections. Judge Juan Carlos Checkley Soria, member of an investigative court under the country’s high court, ordered Castillo detained until June 2024 while he’s investigated for the alleged crimes of rebellion and conspiracy against the state ...

  Bloomberg Russia’s central bank left interest rates unchanged for a second meeting, capping a year that included a steep monetary easing cycle that more than reversed an emergency hike after the Kremlin’s invasion of Ukraine. Policymakers kept their benchmark at 7.5%, according to a statement, in line with the unanimous forecast of economists surveyed by Bloomberg. The ruble maintained ...

  Bloomberg Investors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year, as the central bank continues its most aggressive rate hike campaign since the 1980s, according to strategists at Bank of America Corp. That’s marked by a renewed selloff in equities, which is unlikely to end as long as the ...