S.Africa's Banking Association concerned for fiscal discipline after finance minister axed
JOHANNESBURG, March 31 South Africa's Banking Association said on Friday that changing the finance minister and deputy finance minister raised "alarming concerns" for fiscal discipline issues.
President Jacob Zuma replaced Finance Minister Pravin Gordhan with Malusi Gigaba in a cabinet reshuffle late on Thursday and appointed Sfiso Buthelezi as deputy finance minister, replacing Mcebisi Jonas, along with various other changes of ministers and their deputies. (Reporting by Tanisha Heiberg; Editing by Susan Fenton)
Itaú's Setubal sees high growth at Brazil's XP
SAO PAULO, June 24 The price that Itaú Unibanco Holding SA paid for a minority stake in Brazilian independent securities firm XP Investimentos SA embeds "very high growth rates" ahead, co-Chairman Roberto Setubal said on Saturday.
UPDATE 1-Arconic knowingly supplied flammable panels for use in tower -emails
LONDON, June 24 Six emails sent by and to an Arconic Inc sales manager raise questions about why the company supplied combustible cladding to a distributor for use at Grenfell Tower, despite publicly warning such panels were a fire risk for tall buildings.