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China factory, services activity shrink in snag for recovery

Baht Looks to Bank of Thailand to Add Impetus to Nascent Rebound

(Bloomberg) Thai baht’s nascent recovery is set to solidify with the nation’s central bank seen sticking to its hawkish stance this week, a move that should help take the currency out of the doldrums of ongoing political uncertainty.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister S

Joe Biden Snaps at Reporter Asking About Recession Fears: 'Don't Make Things Up!'

President Joe Biden snapped at a reporter Monday after she asked about fears of an economic recession.

RBI Set For Aggressive Rate Hikes After Clear Hawkish Minutes: Economists

The Reserve Bank of India is expected to aggressively tighten policy in the next meeting after minutes of its off-cycle policy review earlier this month revealed that rate setters pitched for front loading hikes amid a worsening inflation outlook.

China braces for economic slowdown as Covid spreads

China’s economy is bracing for an even bigger slowdown as fears of an expanding lockdown in Shanghai and the spread of Omicron elsewhere continue to grow. Long-lasting restrictions across the country could push gross domestic product growth toward 4 percent this year, according to UBS Group AG, well below the…