The Federal Reserve raised interest rates, opening the door to a pause in the tightening cycle

The central bank raises interest rates by a quarter of a percentage point The benchmark overnight rate is now in the range of 5.00%-5.25%. Powell says the Fed still sees inflation as too high WASHINGTON (Reuters) – The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase on Wednesday in … Read more

Japan and South Korea have revived stalled economic talks as global risks grow

Finance leaders in Japan and South Korea hold their first bilateral talk in 7 years The two sides agree to conduct regular bilateral financial dialogue China sends its deputies to meet with Japan and South Korea Policymakers in Asia discuss strengthening market protection measures INCHEON, South Korea, May 2 (Reuters) – Japan and South Korea … Read more

Zelensky of Ukraine thanks the defenders of Bakhmut as Chief Wagner says the town has fallen

Prigozhin of Wagner says that his troops raised the flag at Bakhmut Ukrainian officials say the human rights defenders are still fighting Russia transfers tactical nuclear weapons to western Belarus Blinken urges Lavrov to release US reporter KIEV (Reuters) – Ukrainian President Volodymyr Zelensky said fighting around the eastern city of Pakhmut remained “particularly hot”, … Read more

EXCLUSIVE: China guarantees Sri Lanka’s deal on debt remediation within the particular letter for the approaching months

COLOMBO (Reuters) – The Export-Import Financial institution of China has informed Sri Lanka that it is going to attempt to finalize within the coming months how it is going to deal with debt owed via the crisis-stricken nation, in keeping with a letter observed via Reuters and likewise reaffirmed. Suspending the cost of money owed … Read more