The Editorial Team |

Feranmi – to look at

The author presents a negative perfect picture of a society ruled by rigid totalitarianism (an entity known as ‘Big Brother’) and in contrast to this, Winston Smith represents a rebellion. The author tries to envisage the future, with a couple of elements and symbols taken from the present and past – the book was written in the 1940s with 1984 settings. The opening of the book with Winston making his way home from work added…

Egypt Primed for Emerging World’s Deepest Rate Cuts After Turkey

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt’s inflation eased in August to its lowest level since the start of 2013, paving the way for what could be the second-biggest push to cut interest rates across emerging markets. Consumer prices in urban parts of Egypt rose 7.5% from a year earlier, the state-run CAPMAS statistics agency said Tuesday. Core inflation, the gauge measured by the central bank that strips out volatile and regulated items, slowed to an annual…

Moody’s Says South Africa’s Debt Structure is a Ratings Strength

Posted on by The Editorial Team

JOHANNESBRUG (Capital Markets in Africa) – South Africa’s longer-maturity debt and the low level of foreign-currency bonds is “more of a strength than a weakness” for the country’s credit rating, according to Moody’s Investors Service. While 37.9% of the government’s rand-denominated debt is held offshore, it poses less risk to the sovereign because investors bear the brunt of foreign-exchange shocks, Lucie Villa, Moody’s vice president and lead sovereign analyst for South Africa, said Tuesday. That, and…

Some Investors Actually Make Money on Negative-Yielding Debt

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – Money managers at BNY Mellon and Pacific Investment Management Co. have snapped up Japanese bonds. Both companies have made the country the second-largest geographic allocation in some of their biggest international fixed-income funds. Ordinarily that wouldn’t seem remarkable, but right now many of Japan’s government bonds have a negative yield—it actually costs money to hold them to maturity. BNY Mellon and Pimco aren’t alone. Investors from outside Japan more than doubled purchases…

Trump’s Fannie-Freddie Plan Finds GOP Favor and Democratic Scorn

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – The top Republican and Democrat on the Senate Banking Committee split over the Trump administration’s plan for freeing Fannie Maeand Freddie Mac from federal control, a sign of the uphill battle Congress faces in overhauling the mortgage giants. Idaho Republican Senator Mike Crapo, the banking panel’s chairman, said his preference is for lawmakers to take the lead on freeing the companies from federal control, but added that the administration should…

Goldman Sachs Manager Tells Rich Clients to Put America First

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Goldman Sachs Group Inc. has a simple yet firm message for its wealthy clients: stick with U.S. equities. “As we’ve gone through various crises, we’ve still told clients to stay invested and not get out of U.S. equities, it’s too early,” said Sharmin Mossavar-Rahmani, chief investment officer for Goldman’s Private Wealth Management, which oversees about $500 billion and caters to high-net-worth individuals, families and endowments. “There’s a strong message there…

Bovis in Talks to Buy Rival’s Housing Units for $1.2 Billion

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Bovis Homes Group Plc has restarted talks to buy Galliford Try Plc’s housing division after discussions earlier in the year broke down. The potential deal could see the Galliford’s housing business valued at 975 million pounds ($1.2 billion), plus 100 million pounds of debt, bringing the total valuation with debt to 1.075 billion pounds, the company said in a statement on Tuesday. More work is needed before the tie-up of Bovis and…

« 1 … 261 262 263 264 265 … 1,070 »