While you were sleeping Turkey, South Africa raise rates

Wed, 29 Jan 2014

By Margreet Dietz Jan 30 (BusinessDesk) – Equity markets slid amid disappointing US corporate earnings and concern about the global impact of currency turmoil in emerging markets that prompted central banks of Turkey and South Africa to lift interest rates. Meanwhile, investors are waiting for the end of the US Federal Reserve’s meeting later today to see whether the central bank is easing its monthly bond-buying by another US$10 billion to US$65 billion, as is widely expected. "I don't think it's completely pro forma," Eric Stein, portfolio...

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