Thai PM elect seeks to dispel inflation fears

Thailand's prime minister elect, Yingluck Shinawatra, sought on Friday to dispel fears of a crippling inflationary backlash from populist promises made in her election campaign, saying she would weigh up the consequences

ECB raises rates to 1.5%, as expected

The European Central Bank raised interest rates a quarter of a percentage point to 1.5% on Thursday, in an effort to curb inflationary pressures threatening buying power in the common currency region.