Bloomberg South Africa’s central bank slowed the pace of interest-rate hikes as it slashed its economic-growth forecast for this year and warned of continuing risks to the inflation outlook. The monetary policy committee increased the benchmark interest rate to 7.25% from 7%, Governor Lesetja Kganyago said at a briefing in Pretoria. Only six of 21 economists surveyed by Bloomberg ...

  Bloomberg Deutsche Bank AG’s investment arm said it won’t walk away from a goal of becoming Europe’s second-biggest ETF provider, after an analysis showed it was among the few in the industry to lose client cash in 2022. DWS Group, which remains the subject of US and German investigations into alleged greenwashing, saw a decline in its European market ...

  Bloomberg The selloff in Gautam Adani’s corporate empire accelerated on Friday, erasing more than $51 billion of market value in two sessions as Asia’s richest man struggles to contain the fallout from a scathing report by US short seller Hindenburg Research. The rout is piling pressure on the Indian tycoon as it erodes his net worth and threatens to ...