South African Central Bank Plays it Safe with 25 bps Cut

Repo rate lowered to 7.75 as expected Kganyago stresses global and domestic risks Further cuts seen in 2025 but in small steps PRETORIA, Nov 21 Reuters South Africa39;s central bank opted for another small cut to its main interest rate on Thursday, stressing a tough global backdrop and uncertain domestic outlook despite inflation falling below its target […]
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PayPal Fixes Outage that Affected Thousands Worldwide

Nov 21 Reuters Payments firm PayPal said on Thursday it had resolved an issue that led to a global outage affecting thousands of users for nearly two hours. The company experienced a system issue that affected multiple products including account withdrawals, peertopeer payment service Venmo, online checkout and crypto. PayPal said the issue, which started at […]
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US Existing Home Sales Rebound in October

WASHINGTON, Nov 21 Reuters U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4 last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of […]
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UK Factories See Signs of Recovery in Output, CBI Says

LONDON, Nov 21 Reuters British manufacturers expect their output to grow after a recent slump linked to uncertainty about the first budget of the new government, the U.S. elections and other factors, the Confederation of British Industry said on Thursday. The CBI39;s monthly industrial trends survey showed output expectations for the next three months improved […]
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US Weekly Jobless Claims Unexpectedly Fall

WASHINGTON, Nov 21 Reuters The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the […]
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