The Editorial Team |

US Census Could Miss Millions, Even Without a Citizenship Question

LAGOS (Capital Markets in Africa) – Community groups are working to convince Latinos that answering the decennial survey isn’t just important, it’s essential. Lizette Escobedo, director of the census program for the National Association of Latino Elected and Appointed Officials (Naleo) Educational Fund, oversees staff in six states. She runs a bilingual hotline. She produces brochures upon brochure. But overshadowing all her efforts is the reality that thousands of people are frightened just to answer…

JPMorgan Manager Bets on Steeper Curve as Tariffs Begin to Bite

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – JPMorgan Asset Management’s Iain Stealey thinks his fellow bond traders aren’t being aggressive enough about the Federal Reserve’s future policy path. The fund manager expects that slowing global growth and deep-seated U.S.-China trade tensions will force the Fed to lower rates twice more in 2019. That’s more than futures traders, who are pricing in roughly 29 basis points of easing by the end of the year. Stealey is wagering that a…

Dublin the Winner as Brexit Sends London Finance Firms Fleeing

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The financial industry is prepared for Brexit, regardless of the state of political talks, with hundreds of banks and money managers primed to move thousands of employees to their European Union bases to weather the fallout, according to a new study. New Financial, a London group that analyzes the sector, said in a report on Wednesday that it has identified 332 firms that have relocated part of their business,…

British Pound Clings on to Gains in Face of Impasse Over Brexit Talks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Pound traders are holding on to Brexit optimism as talks toward a Brexit deal remain stuck over the contentious Irish border. Sterling touched a five-month high Wednesday after surging the most since 2008 in the past four days as an end to the Brexit saga appeared to be in sight. The currency swung between losses and gains as the Democratic Unionist Party denied reports it may support some of…

Brexit Talks Make Progress But Leave Johnson’s Key Allies Uneasy

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – British and European Union officials will resume their efforts to nail down a Brexit deal on Wednesday after a late night of talks in Brussels that the U.K. described as constructive. But even if British Prime Minister Boris Johnson can secure the divorce agreement he wants in time for a summit starting on Thursday, he faces a major hurdle convincing the U.K. Parliament to vote for it. The pound, which surged on Tuesday,…

Anti-Smuggling Border Closure Gives Nigeria Inflation Headache

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The shutdown of Nigeria’s land borders to tackle rampant food smuggling and encourage an agricultural revival in Africa’s top oil producer is having an unintended side effect: higher inflation. A spike in food prices saw the annual consumer-inflation rate rise to 11.2% in September, after falling to a 3 1/2-year low in the preceding month, the National Bureau of Statistics said Tuesday. Food-price growth accelerated for the first time…

African Free Trade Stumbles With Nigerian Blockade of Benin

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria and Benin are embroiled in a trade dispute two months after signing an agreement to free up the movement of goods and services in Africa. Nigerian President Muhammadu Buhari ordered the partial closing of its boundary with Benin last month to curb the smuggling of rice and other commodities. The blockade has had a ripple effect across West Africa, with factories and traders struggling to import key raw materials…

« 1 … 253 254 255 256 257 … 1,075 »