Bloomberg South Africa’s former President Jacob Zuma and other top figures in the ruling African National Congress (ANC) met secretly this week to discuss a strategy to remove his successor Cyril Ramaphosa, the Sunday Times newspaper reported, without citing anyone. Zuma held talks in Durban on Thursday with party allies, including ANC Secretary General Ace Magashule and former premier of ...

Bloomberg Returning from vacation is a drag — in life, in stocks. True to form, September started with the worst S&P 500 retreat since June. Anyone hoping last month’s momentum would persist was disappointed. After hitting a record on August 29, the index has fallen on five of six days, with the twin tech pillars of semiconductors and the FAANGs ...

Bloomberg China’s currency outperformed its Asian emerging market peers this week, as state-owned banks were said to have squeezed short sellers last week before a potential wave of new US tariffs. After five months of declines, the offshore yuan was poised to become the strongest emerging market Asian currency in the first week of September. State-owned banks bought yuan forward ...