Bloomberg Business

BofA Says Equity Rally Faces Inflation Reckoning

Next week’s US inflation data will mark a turning point for the equity rally at a time when investors are swapping stocks for bonds amid the specter of a recession, according to Bank of America Corp. strategists.

Ramaphosa Blindsides Ruling Party With Energy Crisis Measures

South African President Cyril Ramaphosa blindsided the ruling African National Congress by reneging on a party resolution to place the state power utility under the control of the energy ministry and faces criticism for appointing an electricity czar within his office.

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