the 51st meeting of the association of asian capitals with the presence of the heads of the central bank of nine member countries and three observer countries, including russia, belarus, afghanistan and the bank islamic development is going to be fourth from today the central bank will be held in june, and this meeting will open at 8:30 a.m. in the central bank, dollarization is one of the most important agendas of this meeting. today , it is also planned that with the presence of the head of the central bank of russia, bilateral negotiations will be held between iran and russia about the agreements and documents signed between the two countries in the past one year should be done and checked , but the pictures you see are the pictures of the mirdamad glass building from the central bank in the presence of the dear and honorable representatives, where is it going to be by the next 50 and the 1st meeting of the asian foot association it will be held with the presence of the heads of the central bank of this country and also the observer countries , which will be announced and together with your n

be added to the registry of this union, the 51st the meeting of the asian exchange union was held in the central bank with the presence of nine member countries and observer countries, including russia, belarus and afghanistan. de-dollarization in this union it has been identified and there is one of the main axes of this meeting to determine the new currency basket of the member countries in order to settle exchanges without the need for euro and dollar currencies, adding the local currencies of the members, including indian rupees, pakistani rupees and non-international currencies that are actually in they are used by the members, but this country is a member of the trade union like russia, china and the uae. this country is supposed to be added to the currency basket of this union and the members will be able to use these currencies more so that commercial and banking relations become a common digital currency between banks. central union members to facilitate banking relations the member countries are one of the other axes of this three-day summit to be able to use this possibility for banking communication, which can bec

of cooling. so what will america's central bank do and say? the bbc�*s michelle fleury reports from westchester, new york. losing momentum after nineate hikes in the past year. the federal reserve�*s efforts to cool the us economy are having an effect. this is a chain that you'll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first—hand. right now, we're expecting some softness in the marketplace for probably six months or so. we're seeing a lot of softness in the marketplace as far as demand, the commitment in terms of like long term blanket orders with customers. we're not seeing that either right now. so we're having some challenges with that. american businesses are pulling back on spending and hiring. the housing market is slowing both areas sensitive to changes in interest rates. and more pain may be coming. america's central bank was tipped to raise rates again this week in what was expected to be its last hike for a while. but after the collapse this week of first republic bank, some are speculating it may already be done with

asian exchange union with the presence of nine member countries and three observer countries, including russia, belarus and afghanistan , were held in the central bank of the asian union with the aim of reducing the need and dependency.

the 51st meeting of the asian exchange union was attended nine member countries and three observer countries including russia, belarus and afghanistan it was held in the central bank of the asian legislature with the aim of reducing the need and dependence on world currencies , especially the dollar, which was established in the 1970s . a very good capacity for de-dollarization has been identified in this union, and one of the main axes of this meeting is to determine the new basket. the currency of the member countries is for the purpose of settling exchanges without the need for euro and dollar currencies, adding the local currencies of the members, including the indian rupee, the pakistani rupee, and a series of non-international currencies that are actually used by the members, but this country is a member of the union. like russia, like china and the united arab emirates this country is supposed to be added to the currency basket of this union and the members will be able to use these currencies more in order to improve trade and banking relations . the digital currency lurking in the central banks of the union members to facilitate the banking relations of t

the 51st meeting of the asian exchange union was attended by nine member countries and three observer including russia belarus and afghanistan held an asian leg union at the central bank with the aim of reducing the need and dependence on world currencies, especially the dollar , which was established in the 1970s, which has been identified as a very good capacity for de-dollarization in this union, and there is one of the main points of this meeting. determining the new currency basket of the member countries in order to settle exchanges without the need for euro and dollar currencies is to add the local currencies of the members, such as the indian rupee, the pakistani rupee, and a series of global bitumen supply , which are actually used by the members , but well, this country is a member of the russian military union china and the united arab emirates, the members of this country, should be added to the currency basket of this union and the members will be able to use these currencies more. i want to be able to use this for banking communication, it can be a monetary communication bridge , in fact, it can become a monetary channel between the members for fighting,

of 2020 -- 2024 earnings. haidi: much more to come here on daybreak asia, this is bloomberg. ♪ shery: central banks have raised rates to levels are uncomfortably high for politicians. in brazil, hikes have kept nineths of tightening, and its central bank pushed rates earlier and higher than others. there is no leader in the g20 who have lash out at central bankers more than president lula. we are joined by martha, what is the outlook on the brazilian economy right now that is allowing president lula to criticize and hit the central bank harder? guest: in brazil, we are seeing economic growth, but not in the level that president lula would like. the thing he sees as the biggest obstacle for economic growth in brazil is height interest rates. inflation in brazil is high, but interest rates are even higher. there has been a fight between the president, he chose the president of the central bank as his antagonist, that is what he has been doing since day one. he is not totally incorrect, because high interest rates are slowing down the economy. this is causing trouble for companies to get credit and capital markets with banks. some businessmen are getting personal loans in order to get cash flow beca

of cooling. so what will america's central bank do and say? the bbc�*s michelle fleury reports from westchester, new york. losing momentum after nineate hikes in the past year. the federal reserve�*s efforts to cool the us economy are having an effect. this is a chain that you'll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first—hand. right now, we're expecting some softness in the marketplace for probably six months or so. we're seeing a lot of softness in the marketplace as far as demand the commitment in terms of like long term blanket orders with customers. we're not seeing that either right now. so we're having some challenges with that. american businesses are pulling back on spending and hiring. the housing market is slowing both areas sensitive to changes in interest rates. and more pain may be coming. america's central bank was tipped to raise rates again this week in what was expected to be its last hike for a while. but after the collapse this week of first republic bank, some are speculating it may already be done with

unresolved, america's central bank may feel that after this week it is time to hit pause to see if after nine rate hikes they have done enough. one thing they will be the cost ofroducts like eggs have come down and price they remain historically high. one us economist says the inflation fight has yet to be won. i don't think the inflation battle is over but we are in a situation where we are seeing gradual nation, so inflation is slowing and we are also in an environment where interest rates are high and elevated and therefore constraining business activity which should lead to further disc elation in the coming months. 50 further disc elation in the coming months.- further disc elation in the coming months. so dare i mentioned _ coming months. so dare i mentioned the _ coming months. so dare i mentioned the r - coming months. so dare i mentioned the r word? i coming months. so dare i. mentioned the r word? are coming months. so dare i- mentioned the r word? are of a recession is _ mentioned the r word? are of a recession is very _ mentioned the r word? are of a recession is very much - mentioned the r word? are of a recession is very much present. recession i

problems america's central bank might feel like after this week it is time to hit pause to see if they have done enough after nine rate hikes. one thing they will be watching, the cost ofrically high. 0ne us economist says the inflation fight has yet to be won. i don't think the inflation battle is over but we are in a situation where we are seeing gradual disinflation, so inflation is slowing, and we are also in an environment where interest rates are high and elevated and therefore constraining business activity, which should lead to further disinflation in the coming months. dare i mention the r word? fear of a recession is very much prominent. and the political risks are growing too. president biden�*s republicans in congress are on a collision course over raising the debt ceiling, the limit on how much the us can burrow. failing to do so would not only inflict economic pain here but also on the rest of the globe. let's stay in the united states. the chief executives of alphabet and microsoft will meet with american vice president kamala harris to discuss key artificial intelligence issues on thursday. president biden wants to ensure new ai products are fully safe

steady this morning but it was up as much as 9/10 of a set -- point zero nine cents against the greenback. we are watching expectations around central bankncluding from the rba because it did strengthen the aussie dollar after the session. unsurprisingly, rates climbed by 25 basis points. the key we is strengthening this morning against the greenback and that was after we had strong employment figures come through and that tells us perhaps the rbn will need to stay hawkish. we had that jolt showing, layoffs jumping in march and also vacancies at employers fell by but the expected. there has been's office coming through. in terms of what to expect on change, we will be testing that bearish stance on the dollar from wall street. there is a lot of risk events on the horizon, not least the fed decision later but also factors in these concerns around recession at the u.s. debt ceiling standoff. morgan stanley and goldman sachs have been looking at how the dollar has fared during other periods when there have been a lot of negotiations which have taken that debt limit standoff to the brink and actually when you take a look at 2011 we saw the d

central bank. new zealand has announced a $619 million recovery package following a string of devastating floods. the treasury estimates the damage could range from ninew zealand dollars. this covers infrastructure repair and investment in flood protection measures. a brutal heat wave continues to scorch parts of southeast asia. singapore posted its highest temperature in 40 years while malaysia recorded more than a dozen heat stroke cases. thailand warned they could drive up food prices. global news, powered by more than 2700 journalists and analysts. i am vonnie quinn. this is bloomberg. >> we discussed business strategy with the philippines largest restaurant operator. we get more on the global expansion plans later this hour. we will be back live in bangkok as the pro-democracy party has been big. we will bring you the latest when it comes to silence elections next. this is bloomberg. ♪ >> fully democratic. i think that is the way out for this country to move forward so that we have the right momentum to contribute as well as in asia and the road going forward. that was the move forward party along with other thailand pro-democracy parties. they n

nine months. a different measure of inflation, strips out food and energy has gone up, what we call core inflation. that is what the bank of england and centralate rises because they fear that some of this inflation has started to get into the economic system a bit more than they previously expected. bit more than they previously expeeted-_ bit more than they previously expected. bit more than they previously exected. ., ~ i. , . and if you're struggling with the cost of living, there's plenty of advice on the bbc�*s tackling it together site — you can find it at bbc.co.uk/news. the prime minister has decided his home secretary suella braverman did not breach ministerial rules over the way she handled a speeding offence last year. she's been criticised for asking civil servants to help arrange a private speed awareness course. rishi sunak says she could have followed a better course of action, but he won't order a formal investigation. here's our political correspondent david wallace lockhart. the home secretary heading to work this morning. she will not face an investigation into how she previously dealt with a speeding offence. last year, w

unresolved, america's central bank may feel that after this week it is time to hit pause to see if after nine rate hikes, they have done enough. one thing they will be watching, the cost ofid the inflation fight has yet to be won. i don't think the inflation battle is over but we are in a situation in which we are seeing gradual disinflation, so inflation is slowing and we are also in an environment where interest rates are high and elevated and therefore constraining business activity which would lead to further disinflation in the coming months. so, dare i mention the r word? fear of a recession is very much present in the economy today. and the political risks are growing too, president biden and republicans in congress are in a collision course over raising the debt ceiling, the limit on how much the us can borrow. failure to do so would not only inflict economic pain here but also on the rest of the globe. michelle fleury, bbc news, westchester, new york. the chief executives of alphabet and microsoft will meet with american vice president kamala harris to discuss key artificial intelligence issues on thursday. president biden wants to ensure new ai products are ful