FINANCE

FINANCE

Stay informed with the latest updates from South Africa and around the world. Our news section covers a wide range of topics including politics, social issues, crime, environment, global affairs, and human interest stories.

Bank of Ghana cuts lending rates as inflation drops to 8%

Ghana’s inflation has fallen sharply from 23.5% in January to 8%, its lowest level since July 2021, prompting the Bank of Ghana to shift focus from stabilisation to stimulating private sector growth.

JP Morgan shifts outlook on Fed rate cut to December

JP Morgan said on Wednesday it now expects the United States (US) Federal Reserve to deliver a 25-basis-point rate cut in December, reversing its earlier call that policymakers would stay on hold until January

EU agrees on new rules for online fraud protection

European Union (EU) member states and the European Parliament have agreed on new rules to force banks and other payment service providers to better protect their customers against online fraud, hidden fees and data leaks, the Parliament said on Thursday

Rand steady as investors eye developments with US, domestic PPI data awaited

Rand held steady in early trade on Thursday

Intel denies TSMC allegations that executive leaked trade secrets

Intel on Thursday denied allegations by Taiwan Semiconductor Manufacturing that one of its executives, Wei-Jen Lo, who formerly worked at the Taiwanese chipmaker, had leaked trade secrets

Toyota October output grows for fifth straight month on strong US demand

Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong United States (US) demand for hybrid vehicles that offset weaker sales in Japan and China