Trading news

South Africa's scandal with Pravin Gordhan

South Africa's, Pravin Gordhan, Finance Minister is under investigation, a condition that destabilized the nation's government and created fear and uncertainty in one of the most industrialized economies, Mcebisi Jonas, the deputy finance minister said today.

South Africa's Gordhan spying on politicians

The issue was raised after Pravin Gordhan disobeyed to follow the police's inquiry to state whether or not he was involved, or rather have used a tax service unit for spying on politicians, including the President.

Following this incident, and amid the investigation having taken place, the nation's currency, the rand, declined approximately 3%.

Moreover, according to Mcebisi Jonas, this negative outcome does not destabilize the economy but creates uncertainty.

Read More

Tuesday, 13 Sep, 2016 / 9:04

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/south-africa-s-scandal-with-pravin-gordhan

Trading news

 

Euro under pressure ahead of key ECB Monetary Policy decision – EUR/USD Market Outlook – 29/10/2020

With COVID-19 cases rising and several European countries applying new [...]

Posted on Thursday, 29 Oct, 2020 / 9:10 under

DOW suffered worst day since June as COVID-19 concerns escalate – DOW JONES Market Outlook – 29/10/2020

The Dow’s losing streak continued, plummeting more than 700 points as we [...]

Posted on Thursday, 29 Oct, 2020 / 9:09 under

Market Update: October 28

  BTCUSD DAILY Bitcoin made a volume reversal today.  The high [...]

Posted on Wednesday, 28 Oct, 2020 / 10:41 under