The Editorial Team |

China Faces Stepped-Up Calls to Slash Trade-Distorting Subsidies

NEW YORK (Capital Markets in Africa) – China came under greater international pressure to reduce industrial subsidies after the U.S., Europe and Japan agreed to push for stronger World Trade Organization rules against market-distorting government aid. The top trade officials of the U.S., the European Union, and Japan struck a deal on Tuesday in Washington to expand the kinds of subsidies prohibited by the WTO. The announcement came on the eve of a planned signing ceremony…

Trump Impeachment Defense Remains Work in Progress Near Trial

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – Donald Trump’s impeachment trial is expected to begin next week, but the president has yet to settle on either his defense strategy or the team that will represent him in the Senate. Trump has sent conflicting signals about key aspects of the Senate trial, including how long it should last and whether witnesses should testify. He is still considering whether to make additions to his defense team, which…

A Swiss Bank Is Selling Rich Clients an Exotic U.S. Election Bet

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – A Swiss wealth manager is pitching a way to bet on stocks ahead of potential market disruptions spurred by the U.S. presidential election. Julius Baer Group Ltd. is selling as much as $40 million of structured notes tied to large American companies hinging on which party holds the White House next year. Pick the note that corresponds to the winner and profit, at least in theory. The private bank’s…

Pound Swings With Bargain Hunters Curbing Pain of Rate-Cut Bets

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – A tug-of-war between bargain hunters and pound bears is playing out. On the one hand, increased speculation of an imminent interest-rate cut is putting pressure on sterling, and on the other, five straight days of declines to $1.2955 have tempted investors to buy the dip. Prime Minister Boris Johnson also gave bulls a boost when he said it’s likely his government would secure a trade deal with the European…

BOE’s Dovish Shift Sees More Calls for January Rate Cut

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – The Bank of England’s dovish shift in the past week has already rippled through markets, and now economists are starting to react too. NatWest Markets, a division of Royal Bank of Scotland Group Plc, changed its interest-rate forecast and now sees a cut to 0.5% from 0.75% at this month’s meeting. Economist Ross Walker sees a second reduction later in the year, having previously predicted no move by the BOE at…

Manchester United Risks Fall From U.K. Soccer Money Lead

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Manchester United risks losing its position as England’s top-earning soccer club as a string of management missteps and sub-par performances left it shut out of Europe’s most lucrative competition. After failing to qualify for the UEFA Champions League for the second time in four seasons, the struggling team has forecast annual revenue will slide as much as 11% from the previous year. That may put it behind Manchester City and Liverpool FC this year,…

Old Mutual Wins Case Against CEO Who Demanded Reinstatement

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – A South African court ruled that Old Mutual Ltd. doesn’t have to give fired Chief Executive Officer Peter Moyo his job back, clearing the way for the insurer to find a replacement. The stock rose. The High Court in Johannesburg on Tuesday upheld an appeal by the 175-year-old insurer against a judgment delivered in July last year to temporarily reinstate the CEO. “It confirms that Old Mutual acted properly,” spokeswoman Tabby…

« 1 … 228 229 230 231 232 … 1,072 »