The European Central Bank doesn’t see any conflict between its inflation-targeting mission and its responsibility to stave off financial-system threats, President Christine Lagarde said.
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At last PRASA partly opens Cape Town’s Central LineAfter a long wait, commuters will at last be able to use a train from Nyanga to Cape Town on Monday, when the Passenger Rail Agency of South Africa (PRASA) resumes service on part of the Central Line.
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Business Maverick: Fed and global central banks move to boost dollar fundingThe Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.
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Durban central and Phoenix quiet with sporadic protests reportedDurban central was quiet with taxis operating as usual on Monday ahead of the EFF national shutdown.
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Stocks plunge despite Credit Suisse buyout, central banks' pledgeEquities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.
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