US and South Africa will share financial intelligence to combat wildlife trafficking, high-level corruption, drug trafficking and transnational criminal organisations flagged by a global financial watchdog.
Looking beyond her rocky start, Janet Yellen reflects on inflation and the cognitive biases that affect policy makers and markets.
The big worry for the rest of the world is that the Fed’s campaign to tame runaway inflation by jacking up US interest rates – a key driver of dollar strength – is nowhere near done yet.
“Reappointment signals policy continuity with central bank leader who remains popular among lawmakers,” writes The Wall Street Journal.
“Officials from 130 countries agree to broad outlines of wider overhaul of rules for taxing international companies,” says The Wall Street Journal.
“News that American births are down to their lowest in four decades should accelerate the immigration trend,” writes Alec Hogg.
Janet Yellen said Tuesday she is neither predicting nor recommending that the Federal Reserve raise interest rates as a result of President Biden’s spending plans.
Joe Biden plans to nominate Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary.
Pressure on the rand seemed to ease on Monday, after the market overreacted to an African National Congress policy motion last week that could see the nationalisation of the South African Reserve Bank.
The rand spiked to R13.07/$ on Wednesday as tapering comments from European Central Bank president Mario Draghi continued to hurt risk currencies.