Global Leaders Urge Restraint After Iran Retaliates Against U.S.

Global Leaders Urge Restraint After Iran Retaliates Against U.S.

LAGOS (Capital Markets in Africa) – World leaders urged restraint and moved to recall their citizens after Iran fired missiles at U.S.-Iraqi airbases in its first counterattack since the killing of General Qassem Soleimani by American forces. From Asia to the Americas, worries mounted about an armed conflict spinning out of control, as the tensions roiled global markets. The response showed just how little appetite there was among U.S. allies for another outright war in the vital energy-producing region….

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PM Boris Johnson to Tell Von Der Leyen He Wants a Quick Free Trade Deal

PM Boris Johnson to Tell Von Der Leyen He Wants a Quick Free Trade Deal

LONDON (Capital Markets in Africa) – The United Kingdom Prime Minister Boris Johnson will tell European Union Commission President Ursula von der Leyen on Wednesday that the British government is only interested in negotiating a free trade agreement with its largest market, and that he’s determined to achieve it by the end of the year. In their first meeting since von der Leyen took up her post — and since Johnson won last month’s election — the U.K. prime minister…

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Brexit-Bound U.K. Puts Gilts in Jeopardy in Fiscal-Stimulus Test

Brexit-Bound U.K. Puts Gilts in Jeopardy in Fiscal-Stimulus Test

LAGOS (Capital Markets in Africa) – A ripple of negative reaction across U.K. government bonds may be a taste of what’s to come as the country heads for one of Europe’s first major tests of fiscal stimulus. The policy, long-advocated by central banks, could emerge in the first finance bill to be presented in Westminster after Brexit, on March 11. Prime Minister Boris Johnson’s budget may focus global attention on the potential for expanded government spending…

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Barclays Is First European Bank to Face Vote on Climate Change

Barclays Is First European Bank to Face Vote on Climate Change

LAGOS (Capital Markets in Africa) – A group of Barclays Plc shareholders has filed what they say is the first climate change resolution at a European bank, taking aim at the lender’s support of fossil fuels. Eleven institutional investors and more than 100 individuals urged Barclays to say how it will phase out financing energy firms that don’t align with the Paris Agreement climate goals, according to a statement from U.K. non-profit ShareAction, which coordinated the…

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Bank of England Governor Mark Carney Says Central Banks Are Nearing Policy Limits

Bank of England Governor Mark Carney Says Central Banks Are Nearing Policy Limits

LAGOS (Capital Markets in Africa) – Outgoing Bank of England Governor Mark Carney said central banks globally are getting close to running out of tools should they need to tackle another serious economic downturn. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had, and I’m of the opinion that this situation will persist for some time,” he said in an interview with the Financial Times to…

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Iran Retaliates With Missile Strike on U.S.-Iraqi Bases

Iran Retaliates With Missile Strike on U.S.-Iraqi Bases

LAGOS (Capital Markets in Africa) – Iran fired more than a dozen missiles at U.S.-Iraqi airbases, a direct attack on American forces in the region that risks further action from President Donald Trump after a U.S. airstrike killed top Iranian general Qassem Soleimani last week. The Islamic Revolutionary Guard Corps claimed responsibility for the barrage, which the Pentagon said was launched from Iran, and warned that additional operations were being prepared. At the same time, there were…

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Citi’s Investment Bank Plans to Hire 2,500 Coders This Year

Citi’s Investment Bank Plans to Hire 2,500 Coders This Year

NEW YORK (Capital Markets in Africa) – Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the business. Roughly three-quarters of the company’s trade orders last year were electronic, according to Stuart Riley, global head of operations and technology for the bank’s Institutional Clients Group. The ICG arm will add programmers in locations from New York to…

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