ECONOMY & MARKETS

Crude Palm Oil Excluded From Indonesia Export Ban

A palm oil plantation is pictured next to a burnt forest near Banjarmasin in South Kalimantan province, Indonesia, September 29, 2019.
Indonesia's agriculture ministry said on Monday that crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.
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One Euro coins are seen in this illustration taken, November 9, 2021.

U.S. Dollar Rises To Two-year High; Yuan Tumbles

The U.S. dollar scaled two-year peaks, as a wave of risk aversion hit global markets, while the Chinese yuan posted its largest three-day losing streak in nearly four years on growing worries of an economic slowdown in the world's second-largest economy.
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Traders Bet Fed To Go Bigger, But Mester Says Not So Fast

With expectations for a half-percentage point rate hike at the Federal Reserve's May meeting now locked in, traders on Friday piled into bets that the central bank will go even bigger in subsequent months, but one Fed policymaker pushed back, saying a more "methodical" approach was appropriate even in the face of too-high inflation.

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