Emerging market stocks jumped 1% on Wednesday on relief over cooling U.S. inflation, while currencies made cautious gains ahead of the U.S. Federal Reserve's policy decision later in the day. Asian markets rallied on hopes the Fed would slow its pace of interest rate hikes after data on Tuesday showed U.S. inflation cooled more than expected in November.
Poor Ghana behaving like fabulously rich sultanate in the Gulf – Bloomberg modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
South Africa's economy grew by a surprisingly large 1.6% in the third quarter of 2022, from a contraction of 0.7% in the second quarter, making it larger than it was before the COVID-19 pandemic.
The rand fell about 3% against major currencies on Thursday afternoon, as markets digested the possible resignation of President Cyril Ramaphosa, which could hobble chances of reforms.