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Five of six rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.1% on May 31, minutes of the discussions showed on Monday. One committee member supported a reduction to 0.0%, citing concerns over unemployment.
South Africa's rand dropped to a 12-day low and one of its primary volatility indicators climbed to a near one month-high on Monday, as the currency's 2021 rally ran into some turbulence. The rand was last down 0.7% at 13.77 to the U.S. dollar and firmly on course for its fifth drop in the last six trading sessions.
Israel's parliament approving a new government marks the end of a protracted political deadlock and will allow for the passage of a new budget - a positive for the country's credit rating, ratings agency Moody's said on Monday. On Sunday, parliament approved by a razor-thin majority of 60-59 a new administration led by Naftali Bennett, bringing Benjamin Netanyahu's 12 years in office to an end.
The Indonesian, South African and Mexican finance ministers expressed support on Thursday for an overhaul of international tax rules to make companies pay their fair share in a more globalised and digitalised business world.
The Indonesian, South African and Mexican finance ministers expressed support on Thursday for an overhaul of international tax rules to make companies pay their fair share in a more globalised and digitalised business world.
South Africa's current account surplus widened in the first quarter, posting the second-largest surplus ever recorded in the African country, the Reserve Bank said Thursday. The current account increased to a surplus of 267 billion rand in the first quarter from a ZAR198 billion surplus registered in the fourth quarter of 2020.. South Africa's current account as a ratio of gross domestic product rose to a surplus of 5.0% in the first quarter from a surplus of 3.7% in the fourth...
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