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Inflation Shocks Rip Through Markets Before Key Fed Meeting
(Bloomberg) – Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in U.S. equity futures. A maelstrom of volatility in the past 24 hours saw almost $3 trillion wiped off global stocks …
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Opinions of the day: Ramaphosa criticized for lack of action
In his latest piece for News24, editor-in-chief Adriaan Basson questions the “silent leadership style” of president Cyril Ramaphosa. The article examines reasons why Ramaphosa hasn’t fired Lindiwe Sisulu yet. Does the president have a long-term strategy in mind?Is he a victim of analysis paralysis?Is he terrified of dismissing her?Will her dismissal trigger a Zuma-like misguided …
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