Ireland’s Bonds Seen Increasingly Risky as Brexit Nears Endgame

Ireland’s Bonds Seen Increasingly Risky as Brexit Nears Endgame

LAGOS (Capital Markets in Africa) – Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and now they are starting to get nervous. Fears of a bubble in bond markets have been growing on doubts over the extent of future monetary easing. In Ireland’s case, the U.K.’s political turmoil is an added hurdle as the neighboring economies are intertwined and a crash exit from the European Union could…

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Recession Already Grips Corners of U.S., Menacing Trump 2020 Bid

Recession Already Grips Corners of U.S., Menacing Trump 2020 Bid

NEW YORK (Capital Markets in Africa) – The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will turn to the trade wars and Donald Trump will again claim that China is bearing the cost of his tariffs. That’s when Petras loses it. “It’s just an…

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Booming Texas Economy May Usher in a Democratic Win in 2020

Booming Texas Economy May Usher in a Democratic Win in 2020

LAGOS (Capital Markets in Africa) – The booming economy that helped the Lone Star State weather the 2008 recession has also sparked a migration there that’s changing the face of Texas politics. The workers who’ve moved to Texas for jobs in the energy and tech sectors are more liberal than Texas natives, slowly turning the deep-red state into a richer purple. Democrats now find themselves close enough to winning Texas that they’ve scheduled the third…

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What China Has and Hasn’t Done to Address U.S. Trade Gripes

What China Has and Hasn’t Done to Address U.S. Trade Gripes

LAGOS (Capital Markets in Africa) – Deep differences separate Chinese and U.S. negotiators on everything from market access to industrial subsidies as the two sides prepare to meet next month in Washington. As their trade talks unraveled in acrimony in May, the U.S. blamed China for walking back alleged commitments on issues including forced technology transfers. China responded in a White Paper, accusing the U.S. of unreasonable demands and argued that it had made “remarkable progress” in improving its business…

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What to Watch in Commodities: OPEC+, Nickel, Crops, Lithium, ECB

What to Watch in Commodities: OPEC+, Nickel, Crops, Lithium, ECB

LAGOS (Capital Markets in Africa) – Commodities investors are in line for a comprehensive update on the state of energy, metal and agricultural markets this week. Leading the charge, the World Energy Council kicks off Monday in Abu Dhabi, with ministers and executives attending, while OPEC+ officials meet on the sidelines later in the week. Those events will carry extra significance following the installation of Prince Abdulaziz bin Salman as Saudi Arabia’s new energy minister. There’s a triple hit…

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New York City’s Tax Grab on Foreign Income Called Unfair Outlier

New York City’s Tax Grab on Foreign Income Called Unfair Outlier

NEW YORK (Capital Markets in Africa) – New York City’s move to tax far more of corporations’ offshore income than the state could cost companies such as Pfizer Inc.and Goldman Sachs Group Inc. millions of dollars a year, prompting consternation from business groups. The new treatments are tied to the 2017 federal tax overhaul that created a new levy on global intangible low-taxed income. GILTI was intended to stifle multinationals, like technology and pharmaceutical companies, from shifting profits…

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My Six-Year Ordeal Trying to Repair the Damage of Identity Theft

My Six-Year Ordeal Trying to Repair the Damage of Identity Theft

NEW YORK (Capital Markets in Africa) – This essay is going to scare you. There is a better-than-average chance that, at some point in the last several years, your personal information was stolen. Not something small like a credit card account, but the good stuff, your Social Security number coupled with your birthdate. In fairness to thieves, we have all made this very easy for them to do. You and I hand over this information…

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