The Editorial Team |

Tunisia Bank Chief Says Unlikely to Hike Rates Again in 2019

TUNIS (Capital Markets in Africa) – Tunisia’s central bank is unlikely to raise interest rates again in the first half of the year, its governor said Wednesday, arguing that the latest increase was already paying off. The regulator raised the benchmark rate by 100 basis points in February, the first increase since June, as annual inflation rose to 7.4 percent, near the 25-year high of 7.7 percent recorded in mid-2018. “We hope we don’t have…

FirstRand’s RMB Seeks New Management for Corporate-Finance Unit

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – FirstRand Ltd.’s corporate and investment banking division Rand Merchant Bank is seeking new management for its corporate-finance unit with co-heads Craig Forbes and Puso Manthata stepping down later this year. New leadership will be appointed at the start of the lender’s new financial year in July, RMB said in response to emailed questions. Forbes will be joining his family’s investment office by the end of the calendar year, while…

Ghana Inflation Quickens to 9.2% in February From Record Low

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghana’s inflation rate edged up in February, remaining inside the central bank’s target band for an 11th consecutive month. Consumer prices rose 9.2 percent from a year earlier, compared with the record-low rate of 9 percent in January, David Kombat, the acting government statistician at the Ghana Statistical Service, told reporters Wednesday in the capital, Accra. Prices rose 1 percent in the month. Key Insights: The uptick in inflation…

U.K. Unveils Tariffs for a No-Deal Brexit Ahead of Key Vote

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – The U.K. will avoid imposing tariffs on most imported goods in the event of a no-deal Brexit, though officials said prices of key European Union products including beef, cheese and cars will rise. The government said Wednesday its “balanced approach” aims to offset a spike in prices that consumers would experience in a no-deal departure as a result of the falling pound and higher costs of imports. But a…

Ned Davis Pivots Toward U.S. Growth Stocks as Goldman Backpedals

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – The debate over a decade-long winning trade is heating up in the U.S. equity market. Shares of the fastest-growing companies will extend their record stretch of leadership over those seen as cheaper relative to earnings or book value, according to Ned Davis Research. The firm shifted its preference after recommending investors hold growth and value stocks equally based on benchmarks. Meanwhile, Goldman Sachs, a long-standing bull on growth stocks, is…

Hammond Urges MPs to Rule Out No-Deal Brexit to Avoid Disruption

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Chancellor of the Exchequer Philip Hammond issued a fresh warning that leaving the European Union without a deal would damage the U.K. economy and leave people less well off. He said Parliament’s rejection of Theresa May’s Brexit deal had created a “cloud of uncertainty” and warned that crashing out would cause “significant disruption.” He urged politicians to rule out a no-deal Brexit in a vote Wednesday evening. In his Spring Statement, the…

Airlines Rethink $57 Billion in Boeing Orders After Crash

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Boeing Co. 737 Max crash in Ethiopia looks increasingly likely to hit the planemaker’s order book as mounting safety concerns prompt airlines to reconsider purchases worth about $57 billion. VietJet Aviation JSC, which doubled its order to 200 of the aircraft priced at about $25 billion only last month, said it will decide on its future plans once the cause of the tragedy has been found, while Kenya Airways Plc is reviewing proposals to…

« 1 … 352 353 354 355 356 … 1,077 »