A slight decline in the dollar was reported, but it was headed toward its best week in seven months. Investors increased their bets on multiple U.S. interest rate hikes in 2022, which pushed the U.S. currency against the euro past key levels. Read more.
Tags : covid-19
Strong performance in Q3 FY2022 with Group retail sales growth of 17.3% vs. Q3 FY2021. FY2021, with significant growth during the key Black Friday period (growth of 19.3% in November 2021 compared to November 2020) and over the Christmas period (growth of 19.8% in December 2021 compared to December 2020). Read more.
Citigroup shares fell more than 1% Friday after the banking giant reported a sharp drop in fourth-quarter profit. The company's net income fell 26% to $3.2 billion. Read more.
Elon Musk's SpaceX will launch three South African-made nanosatellites into orbit as part of its upcoming Transporter 3 mission - the first to be entirely manufactured on the continent of its birth and sent into space. Read more.
The price of oil fell in London on Friday due to concerns that the United States would intervene to cool prices. In addition, investors were concerned that the latest outbreaks of COVID-19 in China might weaken demand for fuel. Read more.
The growth rate of new vehicle sales is expected to decline to around 8% in 2022. This follows a strong 22.1% increase in sales in 2021, after a 29.2% decline in sales in 2020 due to the Covid 19 pandemic. Read more.
The RBA Minutes noted the possibility of a rate hike when the actual inflation rate is stable in the range of 2% to 3%. Read more.