The third instalment of Lessons for the Left considers what happens when a grassroots resistance movement takes on entrenched neoliberalism
Last week, South Africans got a taste of the kind of influence economists hold, despite them being part of an often fallible tribe
There is much to suggest that global economic disaster is not assured, or even likely, in the near future
In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points
Consumer inflation surged again, after piercing the South African Reserve Bank’s ceiling for the first time in five years
Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump
Female bosses at the IMF, ECB and EU are putting climate at the heart of policymaking
European Central Bank president Mario Draghi’s stimulus programme has failed to ignite the celebration of risk-taking it did in the US six years ago.
Prime Minister Alexis Tsipras needs to unlock bailout funds to repay €3.4bn to the ECB by August 20, as the bank leaves its credit lifeline unchanged.
ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.
SA’s data diary is full this week with updates on it’s current account, inflation, mining, manufacturing and retail sales over the coming days.
The European Central Bank announced that it cut interest rates by 10 basis points to a record low of 0.05%.
While interest rates remain significantly higher in emerging markets, the resulting inflows for states such as South Africa are likely to be minimal.
Following a cut in the benchmark rate, resulting record low yeilds have fuelled a demand for dicier securities.
Little changed from its overnight close against the major currencies‚ as the rand held steady in early trade on Tuesday.
Europe’s rumoured rate cuts and the possible continuation of the US Federal Reserve’s buying programme will set the tone for markets this week.
While South Africa’s economic calendar may be quiet, policymakers at four major central banks are due to announce decisions this week.
The European Central Bank will take centre stage this week as policymakers gather for their first meeting of the year. Is a rate cut imminent?
PMI readings from around the world, America’s jobs report and central bank meetings will keep investors on their toes in the final quarter of 2012.
European events are likely to set the tone for global markets this week as speculation mounts that Spain may request a formal bailout from neighbours.
The Fed and ECB’s open-ended stimulus programmes have lifted markets around the world, writes Matt Quigley. Will the rally continue?
The ECB takes centre stage this week as officials gather for a critical policy meeting. Will it cut rates or announce plans to assist Spain and Italy?
New data this week will clarify the challenges the world faces. Here’s your guide to the meetings, data releases and events likely to move markets.
This week’s purchasing managers’ index figures for 26 countries – including SA – are likely to point to a slowing global economy, writes Matt Quigley.
Amid weaker than expected data in the US and China, and a flare-up in Europe’s debt crisis, markets will be paying close attention to key statistics.
Finance ministers are piling the pressure on Greece to make good on pledges to slash public spending before closing a deal on a €130-billion bailout.
Greek coalition leaders failed to reach a deal on austerity cuts after marathon talks but Prime Minister Lucas Papademos is hopeful of an agreement.
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/ 6 February 2012
Negotiations aimed at lightening Greece’s debt load to more sustainable levels are likely to dominate economic headlines this week.
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/ 4 February 2012
Finance ministers are to confer by telephone after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal.
The process has been hijacked by a
self-serving troika that has ignored the people.
Hopes of a deal between Greece and creditors in time for Monday’s eurozone meeting have been dashed amid increased pressure to accept bigger losses.