PRETORIA, Nov 21 (Reuters) – South Africa’s central bank opted for another small cut to its main interest rate on Thursday, stressing the global economic backdrop was tough and the outlook highly uncertain despite domestic inflation falling below its target. The decision to lower the repo rate by 25 basis points (bps) to 7.75% was unanimous, with the Monetary Policy Committee not discussing...
JOHANNESBURG, Nov 21 (Reuters) – The following scheduled economic event, company announcements, equity and currency market moves may affect South African markets on Thursday. ECONOMIC EVENT The South African Reserve Bank to announce interest rate decision COMPANIES South Africa’s Mr Price profit rises in first half on better Q2 sales South Africa’s Investec to release half-year results SOUTH AFRICAN...
Nov 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. EVENTS: Senegal to announce results of parliamentary elections. The ruling Pastef party is expected to secure a majority. Rwanda’s central bank is due to announce its latest repo rate decision....
Bitcoin is edging closer to the symbolic $100,000 mark, with market forecasts suggesting it could surpass that milestone in 2024. According to Kalshi, a prediction platform, there is an 85% probability of Bitcoin exceeding $100,000 by the end of this year and a 9% chance it could reach $150,000. The median projection places its value...
The Department of Justice (DOJ) is pushing for significant changes to Google (GOOG, GOOGL), including a divestment of its Chrome browser, following an August court ruling that found the company had illegally monopolized the search market. Yahoo Finance’s Senior Legal Reporter Alexis Keenan joins Morning Brief Co-hosts Brad Smith and Seana Smith to discuss what...