South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
Economy
Most viewed
Popular
-
R1,000 grocery budget can barely feed one child a nutritious diet for a month, report shows
-
Germany unveils huge electricity price relief for industry
-
EU chief plunged into controversy over top job pick
-
Eastern Cape has the highest unemployment rate in South Africa, netizens disappointed
-
Private sector hiring in US cools more than expected: ADP
Economy Latest News
Ghanaian finance ministry warns against fallout from anti-LGBTQ law
Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds. "In total, Ghana is likely to lose US$3.8bn in World Bank financing over the next five to six years.
Tokyo stock market hits high; oil prices dip
Japan's benchmark Nikkei 225 stocks index closed above 40,000 points for the first time Monday, while oil prices dipped after major crude producers agreed to cut output for a while longer, as expected. The extension to mid-2024 is part of an agreement among oil producers to boost prices following economic uncertainty.
UK awaits voter-friendly budget before election
Britain's Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak's party badly trails main opposition Labour in polls. Finance minister Jeremy Hunt, who unveils his budget before parliament, dampened hopes of major tax cuts in comments at the weekend.
ECB to hold rates again, awaiting clearer signs on inflation
The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.
Singapore says Taylor Swift gig grant not as high as speculated
Singapore said Monday its grant to Taylor Swift for her concerts in the city was nowhere near as high as speculated, following media reports that the superstar was offered millions of dollars per gig.
China's economy of 'great concern' as annual political meeting to kick off
China's annual political conclave kicks off in Beijing on Monday, with officials saying the flagging economy and youth unemployment are of "great concern" as they lay out plans for the coming year.
Asian stocks rise on US gains ahead of key China policy meeting
Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's annual growth target and other key policies will be announced.
Investor group raises bid for US retailer Macy's to $6.6 bn
An investor group that offered to buy the struggling US department store chain Macy's in December and was turned down said Sunday it has sweetened its bid. “We remain frustrated by the delay tactics adopted by Macy's Board of Directors and its continued refusal to engage with our credible buyer group," the investors said.
"Dune: Part Two" spices up N.America box office with big opening
Bringing spice to a so-far lean movie year, Warner Bros.' new sci-fi film "Dune: Part Two" shot to the top of the North American box office this weekend, taking in an estimated $81.5 million, industry watcher Exhibitor Relations reported Sunday.
Economy
Load more