Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation. | News24_Business
With price rises showing no solid sign of letting up, monetary policymakers have gone on the offensive, warning that short-term hits to economies are less painful than the long-term effects of not acting.
Wall Street extended losses Friday, with the Dow finishing at its lowest level since November 2020, while European equities sank in afternoon deals and Asia finished lower. In the eurozone, recession fears deepened as data showed its economic activity fell once again in September.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daily Lotto results: Friday, 23 September 2022 | The CitizenTonight's jackpot is R550,000! Here are your winning Daily Lotto results.
Read more »
Former high-flying money manager axed from benchmark stock indexAs shares fall to another record low, abrdn isn’t sure its core business of asset management is viable on its own
Read more »
WATCH: Stock picksBusiness Day TV spoke to Gary Booysen from Rand Swiss and Roy Mutooni from Absa Asset Management
Read more »
Repo rate hike ‘the right decision’Borrowers are likely to receive notices about their debt repayments on Friday. SAReserveBank ECR_Newswatch
Read more »