Bloomberg The Bank of Tanzania plans to be less accommodative for the remainder of the year to curb inflationary pressures. “At the backdrop of rising inflationary pressures, MPC approved Bank of Tanzania to reduce the speed of expanding liquidity in remainder of 2022,” Monetary Policy Committee said. in a statement following its latest meeting. That’s in order to tame ...

  Bloomberg Technology stocks have been on a tear over the past month, but behind the scenes the big picture for the sector’s profits has only gotten darker. Analyst estimates for 2022 profit growth at S&P 500 tech companies have fallen about two percentage points since second-quarter earnings reports kicked off in July, according to data compiled by Bloomberg Intelligence. ...

  Bloomberg Gold held its biggest decline in two weeks after strong US jobs growth tempered recession fears, suggesting that the Federal Reserve is likely to persist with steep interest-rate hikes to curb inflation. Bullion dropped as much as 0.9% as US nonfarm payrolls jumped by more than double what economists had forecast, diminishing prospects of an economic slowdown. That ...