Nota Baloyi recently weighed in on where the South African economy was standing, saying if it was doing good as people claimed, then the Rand would be stronger.
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Big US banks balk at new capital rules in Senate hearing
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Reserve Bank's 'conservative' interest rate cut 'expected' as SA gears up for seasonal spending
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More shipping giants suspend passage via Red Sea after attacks
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Zimbabwean government halts payments to contractors, discovers suppliers are charging steep prices
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IMF gives draft approval to Argentina payout of almost $800 mn
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Asian markets mixed as global rally stalls, eyes on yen
Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far. Tech titans Microsoft and Alphabet are due to report later in the day.
Tough times for Argentine factories as consumers penny-pinch
Argentina's factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods. In February, Argentina's economic activity slumped for a fourth straight month as self-described "anarcho-capitalist" President Javier Milei's budget-slashing plans took hold.
Car giants vie for EV crown at Beijing's Auto China show
Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad. Beijing's Auto China show, which lasts until May 4, will see dozens of firms square off in a bid to draw customers at one of the country's biggest car shows.
Strong fleet sales offset electric losses at Ford
Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.
Mass cancellations loom despite French air union cancelling strike
Hundreds of flights were cancelled at French airports Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay.
France's Casino supermarket chain to axe up to 3,200 jobs
French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky. That ended with the arrival in March of Kretinsky at the head of a group of main creditors who oversaw a debt restructuring deal.
Mired in crisis, Boeing reports another loss
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Chief Executive Dave Calhoun, who will step down at the end of 2024.
Malaysian airline mogul Fernandes delays retirement
Malaysia's Tony Fernandes, one of Asia's most prominent entrepreneurs, has decided to extend his contract as chief executive of Capital A, the firm said Wednesday, after the board persuaded him to delay his planned retirement.
EU opens probe into China's medical device market
The European Union has launched an investigation into Chinese public procurement of medical devices, the EU's official journal said Wednesday, in a move that risks raising further tensions with Beijing. It is the first probe under the EU's International Procurement Instrument which seeks to promote reciprocity in access to international public procurement markets.
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