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World Markets Daily News – In Brief – Sunday 03/04/2022

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. REUTERS (CANADA)

Fed’s Williams: Pace of rate increases depends on how economy responds

The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how the economy reacts, New York Fed President John Williams said Saturday.

. ECONOMIC TIMES (INDIA)

Dalal Street Week Ahead

Nifty may see stable start but trade in a wide range

. THE RIO TIMES (BRAZIL)

Ecuador launches tender to reopen 100 oil wells and extract gas

The reopening of these 100 wells will allow Ecuador to increase its oil production by 15,000 barrels per day in about eight months, Petroecuador general director Ítalo Cedeño said in a speech to the Society of Petroleum Engineers (SPE).

. FIN24 (S. AFRICA)

Moody’s upgrades South Africa’s outlook from ‘negative’ to ‘stable’

The credit rating agency Moody’s upgraded its outlook on South Africa from “negative” (which meant the next step could potentially be another downgrade) to “stable”.

. LETA (LATVIA)

Baltic states stop Russian gas imports

The head of Latvia’s natural gas storage operator said Saturday the Baltic states were no longer importing Russian natural gas.