Breaking South African news and latest headlines today on business, lifestyle, international news, politics, cars, technology, entertainment, sports, and more from Briefly.co.za.| Briefly
Asian stocks were mixed Tuesday as attention turned to crucial US inflation data that could play a pivotal role in the Federal Reserve's decision-making on interest rates, with investors lowering their expectations for how many cuts it will deliver.| Briefly
Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.| Briefly
The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases. The Swiss National Bank kicked off the rate-cutting cycle last month when it lowered its main rate by 0.25 percentage points -- becoming the first major central bank to do so.| Briefly
US consumer inflation continued to accelerate last month, according to US government data published Wednesday, reducing the chances of an early interest rate cut from the Federal Reserve.| Briefly
Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.| Briefly
Breaking Business news on Briefly.co.za covering economy updates, finance news, market, industry and technology trends and the latest information.| Briefly
China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity. It reflects "the fundamental policy shift from a focus on (the) consumer market and service sector to... industrial growth", she added.| Briefly