Trump Signs Hong Kong Bill Backing Protesters, Angering China

Trump Signs Hong Kong Bill Backing Protesters, Angering China

NEW YORK (Capital Markets in Africa) – Donald Trump signed legislation expressing U.S. support for Hong Kong protesters, prompting China to threaten retaliation just as the two nations get close to signing a phase one trade deal. China summoned U.S. Ambassador Terry Branstad, with Vice Foreign Minister Le Yucheng telling him to stop meddling in Hong Kong affairs. He warned that such actions would strain ties and risk affecting “cooperation in important areas,” according to a foreign…

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Both Major U.K. Parties Lack Credible Fiscal Plan, IFS Says

Both Major U.K. Parties Lack Credible Fiscal Plan, IFS Says

LONDON (Capital Markets in Africa) – A leading U.K. think tank offered a damning analysis of both the Conservatives’ and Labour’s election pledges, and warned voters to expect higher taxes than either party has outlined. In a brutal assessment of both manifestos for the Dec. 12 vote, the Institute for Fiscal Studies said that “neither is a properly credible prospectus.” Prime Minister Boris Johnson’s Conservatives and Jeremy Corbyn’s Labour have outlined vastly different offerings for voters. While Corbyn is…

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Pound’s Winning Streak Against Euro Gains Fuel on Election Poll

Pound’s Winning Streak Against Euro Gains Fuel on Election Poll

LONDON (Capital Markets in Africa) – The pound headed for a fourth month of gains against the euro, reflecting growing confidence in the market that the Conservative Party will be able to secure a majority in the U.K.’s December election. Sterling outperformed all major currencies after a much-anticipated poll released Wednesday evening suggested that Boris Johnson’s party is on track to win its biggest mandate since the 1980s. That is the best scenario for investors betting on the…

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Key Poll Predicts Big Majority for Johnson to Deliver Brexit

Key Poll Predicts Big Majority for Johnson to Deliver Brexit

LONDON (Capital Markets in Africa) – Boris Johnson’s Conservative Party is on track to win its biggest majority in more than three decades, according to the most hotly anticipated poll of the general election campaign. The Tories will win a majority of 68 seats in the Dec. 12 election, according to a YouGov poll which used a technique that more closely predicted the 2017 election than standard surveys. Such a majority would allow Johnson to deliver on…

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Female Board Representation’s Surprising Champion Is Africa

Female Board Representation’s Surprising Champion Is Africa

LAGOS (Capital Markets in Africa) – Africa, a continent blighted by the world’s highest maternal mortality rate and scant legal protection for women, beats all other regions globally in the proportion of females on company boards. In Africa, one in four board members is female. That’s better than second-placed Europe at 23% and well ahead of global laggard Latin America at 7%, according to a report on gender parity released by the McKinsey Global Institute…

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Kenyan Panel Seeks End of Winner-Takes-All Politics With PM Post

Kenyan Panel Seeks End of Winner-Takes-All Politics With PM Post

NAIROBI (Capital Markets in Africa) – Kenya should reintroduce the position of the prime minister and name the runner up in presidential contests the leader of the opposition, a panel recommended in a bid to end violent disputes that have marred past ballots. The proposed establishment of the posts is part of a raft of suggestions by the so-called Building Bridges Initiative, which was established by President Uhuru Kenyatta and opposition leader Raila Odinga and…

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Sibanye and Harmony Vie for AngloGold’s South African Assets

Sibanye and Harmony Vie for AngloGold’s South African Assets

LAGOS (Capital Markets in Africa)  – AngloGold Ashanti Ltd. has narrowed the list of bidders for its remaining South African assets to two of the nation’s largest gold miners, according to people familiar with the matter. AngloGold is evaluating offers from Sibanye Gold Ltd. and Harmony Gold Mining Co., said the people, who asked not to be identified because the information is private. The initial interest shown by other companies has waned, and Sibanye and Harmony are the only…

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