375008 fed seen revving up inflation war with lively rate hike
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Fed seen revving up inflation war with lively rate hike

Register now for FREE unlimited access to Reuters.comCentral bank lifts policy rate to range of 1.5% to 1.75%Fed cuts growth projection, sees rising unemploymentWASHINGTON, June 15 (Reuters) – The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing

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374048 govt unable to aid comair as ramaphosa locations blame on restricted sources
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Govt unable to aid Comair as Ramaphosa locations blame on ‘restricted sources’

President Cyril Ramaphosa says lack of resources means that government is unable to assist Comair to solve its financial troubles. Comair, which operates the local British Airways and low-cost carrier Kulula.com, announced this week that it had applied for liquidation. The airline operator’s business rescue practitioners (BRPs) had stated they “no longer believe that there is a reasonable prospect…

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