Bloomberg The top leadership of South Africa’s ruling party excluded its suspended Secretary-General Ace Magashule from a meeting on Saturday, confirming the sidelining of one of President Cyril Ramaphosa’s biggest detractors. Magashule was ordered to vacate his post after he ignored an order by the African National Congress (ANC) to step aside while he faces trial on graft charges. He ...

Bloomberg Global central banks are starting to wind down the trillion-dollar money printing machines set in motion to rescue their economies in 2020. Getting ahead of them is becoming this year’s biggest currency trade. Early changes to bond-buying programs from Canada and Britain have been rewarding for foreign-exchange players. Meanwhile, Norway, which hasn’t needed to deploy more unconventional policy such ...

Bloomberg Housing Development Finance Corp (HDFC) plans to raise as much as $17 billion in bonds after India’s largest mortgage financier posted a better-than-expected rise in fourth-quarter profit. The Mumbai-based shadow lender’s fourth-quarter net income rises 43% to 31.8 billion rupees ($432 million) as it set aside fewer provisions for bad loans, it said in a statement. That beat an ...