South African Rand Rallies as Godongwana Retains Finance Post

South Africa’s rand extended a post-election rally after President Cyril Ramaphosa announced a new cabinet that he said would prioritize rapid and sustainable growth.

BNN BloombergJul 1 03:52 ET

China's Current Account Surplus Reaches 281 Billion Yuan in Q1

China logged a current account surplus, or the surplus from the country's foreign payments and receivables, of 281.4 billion yuan, in the first quarter, according to data by the State Administration of Foreign Exchange released Friday.

MT NewswiresJun 30 23:01 ET

South Africa Central Bank Must Focus on Slowing CPI to Its 4.5% Goal, Kganyago Says

South Africa’s central bank must restore faith in its ability to achieve its inflation target after struggling to slow consumer price growth to 4.5% for about three years, Governor Lesetja Kganyago said.

BNN BloombergJun 26 09:52 ET

South Africa Agribusiness Confidence at 15-Year Low on Drought

Confidence among South Africa’s agricultural businesses fell to the lowest level in almost 15 years as an El Niño-induced drought affected grain crops.

BNN BloombergJun 24 05:07 ET

Traders Boost Bets on South African Inflation Slowing to Target

Traders are increasingly betting that South African inflation will slow toward the midpoint of the range targeted by the country’s central bank, giving policymakers room to pivot to an interest-rate cutting cycle by the final quarter of the year.

BNN BloombergJun 19 02:58 ET

State Administration of Foreign Exchange: in May, banks completed CNY 1.25 trillion in foreign exchange purchases, and CNY 1.36 trillion in foreign exchange sales.

On June 17, the State Administration of Foreign Exchange released the data for May 2024 on bank foreign exchange transactions and bank customers' foreign exchange payment and receipt.

Zhitong FinanceJun 17 05:05 ET