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BANGKOK, May 19 (Reuters): Thailand has no need to raise interest rates following the Federal Reserve's hikes in US rates as domestic factors and the economic recovery will be the main issues determining policy, the central bank chief said on Thursday. The country's external position remains strong with low foreign debt and high international reserves, Bank of Thailand … [Read more...] about Thailand has no need to follow Fed’s tightening, says central bank chief

KOENIGSWINTER, Germany (Reuters) -Group of Seven financial leaders are likely to agree on Thursday and Friday on around $15 billion to help Ukraine pay its bills in coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda. Finance ministers and central bank governors of the United States, Japan, Canada, Britain, … [Read more...] about Money for Ukraine tops G7 agenda; inflation, food a concern

JAKARTA, May 19 (Bloomberg): Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports in a move that will bring relief to the global market after the war in Ukraine choked off critical supplies. Palm oil exports can resume from May 23, President Joko Widodo said in an online briefing on Thursday. This is after considering improvements in local … [Read more...] about Indonesia lifts palm oil export ban in relief to global market; govt makes decision after improvements in local supply and prices

BENGALURU: McDonald's Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine. The world's largest burger chain owns about 84% of its nearly 850 restaurants in Russia and became one of the biggest global brands to … [Read more...] about McDonald’s to sell Russia restaurants to local operator