Brazil posts largest budget deficit since pandemic last month, far worse than expected. Government made court-ordered payments and ramped up stimulus before October election.

Taiwan's economy grows at its fastest pace since 1987.

Taiwan's economy grows at fastest pace since 1987

Spirit Airlines running out of cash within days; $500M U.S. aid talks stalled, raising risk of shutdown — sources

Spirit Airlines may run out of cash within days, sources tell CBS, raising the risk that the budget carrier could halt operations. Negotiations over a $500 million government aid package have stalled with key creditors yet to agree.

European Central Bank policymakers signal a likely interest rate hike in June, with some officials indicating at least two increases may be necessary depending on the war in Ukraine and oil price trends.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with some officials suggesting at least two increases may be required unless the war ends and oil prices decline.

Indian central bank’s net short dollar position surged to a record $103 billion in March amid sharp intervention rise.

The Indian central bank’s intervention in the derivatives market rose sharply in March with its net short dollar position surging to a record $103 billion.