Bloomberg Pakistan appointed International Monetary Fund economist Reza Baqir as its central bank governor amid sweeping changes across the nation’s key finance and economic posts as the government negotiates for a crucial bailout from the global fund. Baqir was appointed to run the State Bank of Pakistan for a three-year term shortly after former governor Tariq Bajwa and Federal Board …

Bloomberg Federal Reserve Chairman Jerome Powell, who pledged early in his tenure to speak in “plain English” and improve the central bank’s public communications, is finding it tough to deliver a clear message. In the latest of several reversals, Powell dismissed the recent deceleration in prices as likely “transitory,” six weeks after he described low inflation as “one of the …

Bloomberg South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group Ltd. and Standard Bank Group Ltd. have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview on Ca- rte Blanche, a Johannesburg-based investigative …