Yen wallows as Omicron fears subside and rate hikes loom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The yen was pinned near a five-year low on the dollar on Wednesday and nursing losses on other crosses as traders wagered the Bank of Japan would lag a looming wave of global policy tightening as inflation gallops ahead around the world.

The yen tumbled through support around 115.50 per dollar on Tuesday to hit the five-year trough at 116.35.It also dropped through its 200-day moving average to a two-month low of 131.45 per euro and was hovering at 131.06 per euro early in the Asia session.

“Sharply higher COVID-19 case numbers in the US appear to be primarily boosting supply-chain concerns and fears of higher inflation in the US, rather than boosting growth concerns,” said Nomura economist Andrew Ticehurst. Partial US labour data on Wednesday and non-farm payrolls on Friday will also be watched for a guide to the trajectory.Analysts at Standard Chartered now expect 25-basis point hikes in March and June rather than one hike in September.

 

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Parliament fire flares up again - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The fire that broke out in Parliament on Sunday has flared up again. Thick smoke can be seen billowing from the Assembly building. Inside job. They collapsed the Anc, followed by the SOE's , now the parliament. Somgaga released the lethal gas Why not just tear down the whole structure & rebuild from scratch? After all, that's our country's parliamentary building & should be the pride of the nation, not some old, raggity remnant from the old days. Some of us have no emotional attachment to it other than bad memories.
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GALLERY: Fire that gutted Parliament - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A fire broke out in the Parliament precinct in Cape Town on Sunday, which resulted in extensive damage to historic buildings. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to TraderMNelisi on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her TraderMNelisi Words can neither qualify how helpful your guidance and advice has been . I am forever grateful for your support .Thank you AMBREYMARCUS1 I just received a profit of R234,000 in my bank account. thank you very much
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Transnet's sponsorship deals for SABC/TNA Business Breakfasts was irregular - State Capture report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first report of the Zondo Commission into State Capture has found that Transnet’s sponsorship of the SABC /New Age (TNA) Business Breakfasts for millions of rands between 2011 and 2017 was irregular. Time for actions You are telling us about useless, bias and stinking report, the country is burning! Always you are found with your pants down. So how does that link with state capture... Was the Group CEO coerced by any government official or the former head of state come on mani!! We need to know how the state was captured not this
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