The rand weakened the most in more than three weeks as investors mulled over slightly lower-than-expected US inflation data. The JSE also fell, taking its cue from weaker markets in Shanghai and Hong Kong, with losses among miners and industrials overshadowing gains by banks and financials.
US inflation data is watched closely for any indication of when the Federal Reserve will start tapering its monthly stimulus. The country’s consumer price index rose 5.3% in the year ended in August, slightly below the 5.4% increase in June and July, the Bureau of Labour Statistics said on Tuesday...
Poor Rand 😒. Sooo sensitive.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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South Korean antitrust agency fines Google $177m for abusing market dominanceSouth Korea's antitrust regulator on Tuesday fined Alphabet Inc's Google 207 billion won ($176.64 million), saying the US technology giant abused its dominant market position to restrict competition in the mobile operating system market.
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