The Bank of Japan said it would keep interest rates extremely low though at least around spring 2020 while it left its key monetary stimulus settings unchanged. It forecast that it won’t hit its 2 percent inflation target for at least another three years.
An expected extension of Sri Lanka’s lending arrangement with the International Monetary Fund should give a critical cushion to the economy in the aftermath of the Easter Sunday terrorist attacks, a fund official said.
South Africa’s biggest labor group is campaigning for a strong mandate for President Cyril Ramaphosa in next month’s election and vowed to fight any attempt by factions within the ruling party to remove him from power after the vote.
The largest steel mill in China has issued a one-two warning about the outlook, saying it sees the twin risks of slowing demand and rising output in the country that accounts for about half of global production.
Elon Musk signaled it may take longer than expected for Tesla Inc. to ramp up production in China, the world’s largest electric-car market.
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