Bloomberg The popular Chase Sapphire Reserve credit card is about to get more expensive. JPMorgan Chase & Co is boosting the annual fee for customers to $550 from $450 as it adds new perks with partners such as DoorDash and Lyft Inc, according to bank spokeswoman Ashley Dodd. For new cardholders, the increased annual fee will go into effect on …

Bloomberg South Africa’s ruling African National Congress reaffirmed the central bank’s role, mandate and independence in an annual policy statement. The assurance may allay fears of renewed attacks by some ANC leaders on the South African Reserve Bank in the run-up to the party’s national general council later this year. The gathering will mark the mid-point of the current ANC …

Bloomberg Federal Reserve Chairman Jerome Powell likened the potential fallout surrounding the central bank’s interest-rate forecasts to a nuclear meltdown in what even he admitted was a stretched metaphor back in 2014. “The market doesn’t really understand how the SEP works and how it gets put together,” the then-Fed governor said in March 2014, referring to the central bank’s quarterly …