Overseas Headlines – May 4, 2022

United States:

Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide

“Federal Reserve Chair Jerome Powell is poised to unleash the U.S. central bank’s most aggressive action to battle inflation in decades, but investors will be focused on parsing his words to see if even bigger moves are ahead.”



Russian Oil Embargo Risks More Inflation Trouble for Europe

“European countries already reeling from record inflation risk aggravating their plight with the decision to shut themselves off from Russian oil imports.”



India Wants Russia to Discount Its Oil to Below $70 a Barrel

“India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. The South Asian nation is seeking Russian cargoes at less than $70 a barrel on a delivered basis to compensate for additional hurdles, such as securing financing for purchases, in high-level talks between the two countries.”




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