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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US hiring slows more than expected in sign of cooler market
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US Fed officials raised inflation concerns, but still expected rate cuts in 2024: minutes
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US finalizes ban on last form of asbestos in use
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Senior US Fed official backs 'careful' approach to rate cuts
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US outlet Radio Free Asia closes Hong Kong office over security law fears
The US news outlet Radio Free Asia (RFA) said Friday that it had closed its office in Hong Kong over staff safety concerns after the city enacted a new national security law. RFA president and CEO Bay Fang said in a statement that the company no longer had full-time staff in Hong Kong and has closed its physical office, citing "concerns about the safety of RFA staff and reporters".
Green truckin': US finalizes new heavy-vehicle pollution standards
Following last week's crackdown on car emissions, President Joe Biden's administration on Friday unveiled finalized pollution standards for trucks, placing vehicle tailpipes at the forefront of his climate crisis agenda.
US Fed's favored inflation gauge ticks higher as fuel costs rise
The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but a metric stripping out volatile food and energy prices continued to ease.
Impact of Baltimore port closure on global supply chains
The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain. While the bridge incident will have "little to no impact" on US refined oil products, shipping fuel supplies "could tighten" on the Atlantic Coast as vessels refuel outside Baltimore, S&P said. lem/ak/lth/gil
Turkish Airlines returns to Libya after near decade-long break
Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended over security concerns in the conflict-torn country. Turkish Airlines flies to 130 countries and 346 destinations.
Fragile South Sudan risks turmoil over oil disruption: experts
Oil-dependent South Sudan is at risk of economic and political turmoil over the shutdown of a key pipeline in its war-torn neighbour, Sudan, experts have warned. Boutros Magaya, head of a South Sudanese parliamentary sub-committee on petroleum, warned of the "grave implications" of the shutdown on people's livelihoods and security and that the country faced an "imminent economic crisis".
Armenian banks to ditch Russian cards over US sanctions
Armenian banks on Friday said they would stop processing transactions made by Russian Mir payment cards due to Western sanctions imposed on Moscow for its invasion of Ukraine. In September 2022, the US Treasury Department threatened foreign banks with secondary sanctions for servicing Mir cards, a Russian card payment system.
Vietnam Q1 growth hits five-year high on strong exports
Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports. A major global manufacturing hub, Vietnam also earned $93 billion from goods exports in the first quarter, up 17 percent year-on-year.
In Canada's Quebec, residents miffed over mining boom
Canada's Quebec province is rich with minerals needed for everything from electric cars to cell phones, but residents living atop the potential windfall are worried their backyards will be dug up -- and they won't get a dime. The southern areas of the province -- where most of the population lives -- is the most sought after.
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