The Editorial Team |

U.S. Said to Ready Final China Trade Deal as Hawks Urge Caution

LAGOS (Capital Markets in Africa) – U.S. officials are preparing a final trade deal that President Donald Trump and his Chinese counterpart Xi Jinping could sign in weeks, people familiar with the matter said, even as a debate continues in Washington over whether to push Beijing for more concessions. The U.S. is eyeing a summit between the two presidents as soon as mid-March, said one of the people, who spoke on condition of anonymity because the preparations are confidential….

How Theresa May Might Just Pull It Off: This Is the Brexit Math

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – With a month to go until Britain is due to leave the European Union, Theresa May is facing an apparently impossible task as she tries to get her Brexit deal approved by Parliament. Can the prime minister somehow defy the odds and deliver Brexit on time? Negotiations are still ongoing in Brussels, with U.K. Attorney General Geoffrey Cox looking for a way around the problem of the contentious Irish backstop. May’s spokesman said…

HSBC’s New Boss Faces Challenges From China and Brexit

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – John Flint, a lifer who rose to the top job at HSBC Holdings Plc in 2018, inherited an institution that had already seen shake-ups. In the previous seven years, 60,000 jobs had been eliminated and operations in 21 countries were sold, closed, or shrunk. Even so, the same core problem remains in the 67 countries where HSBC still does business: Costs are too high and revenue isn’t increasing fast enough. Profit in…

Turkey Said to Reject Latest U.S. Offer to Sell Patriot Missiles

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Turkey has rejected a U.S. proposal to deliver one Patriot missile defense system by the end of 2019, which was conditional on Ankara abandoning a deal with Russia that’s strained ties between the NATO allies, two senior officials said on Friday. The U.S. administration made its offer before Feb. 15, and then increased the price of the multi-billion dollar system in return for quick delivery, according to the officials who are familiar…

Nigeria Complied With OPEC+ Cuts in February, Kachikwu Says

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria implemented its portion of the OPEC+ production deal in February, said the country’s oil minister, a move that enhances the impact of supply cuts that have already boosted crude prices. “We’re basically complying, effective February” with the country’s pledged 53,000 barrel-a-day reduction, Minister of State for Petroleum Emmanuel Ibe Kachikwu said in an interview on Thursday. “The price fluctuations mean OPEC needs to be a bit more together, a bit…

Singapore Wealth Fund Said to Invest in Crypto Exchange Coinbase

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Singapore’s sovereign wealth fund GIC Pte was among investors that helped U.S. cryptocurrency exchange Coinbase Inc. raise $300 million last year, according to people familiar with the matter. While Coinbase said it garnered investment in its October funding round from firms including Tiger Global Management, Wellington Management and Andreessen Horowitz, GIC’s participation hasn’t previously been disclosed. GIC declined to comment, while an official for Coinbase also declined to comment. With the foray into digital assets, possibly…

Blue Label Mulls New Investors for Embattled Carrier Cell C

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Blue Label Telecoms Ltd. is considering offers for potential new investment in Cell C Pty Ltd. after posting a first-half loss partly caused by its interest in South Africa’s third-largest mobile-phone company. Blue Label led a rescue of Cell C two years ago, but the move is yet to pay off as the unit struggles with debt and the dominance of larger rivals, Vodacom Group Ltd. and MTN Group Ltd….

« 1 … 364 365 366 367 368 … 1,077 »