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Currencies News
Zuma Makes U-Turn on Finance Chief, Triggering Rand Rebound
Rene Vollgraaff6:12 pm ET
South African President Jacob Zuma named his second finance minister in four days on Sunday, reappointing Pravin Gordhan following market turmoil that sent the rand to record lows and bond yields to the highest in seven years.
Bank of Russia Critics Now See Wisdom in 2014 Super Rate Raise
Elena Popina and Ye Xie1:47 pm ET
Russia’s drastic move last December to raise its key rate to 17 percent to stop the ruble’s free fall was met with dismay by many. A year later, it’s won over admirers.
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