The Editorial Team |

H&M Caught in Controversy Over Black Child in `Monkey’ Hoodie Ad

LONDON (Capital Markets in Africa) – Hennes & Mauritz AB has started 2018 at the centre of an embarrassing controversy after the Swedish clothes retailer published an ad showing a black child modelling a hoodie with the text “coolest monkey in the jungle.” The company has pulled the garment in question from its stores and apologized. H&M also said it agreed with those who were upset by the image, which appeared in its online store. The…

A Star Arab Economy Eases Hold on Currency to Lure Investors

Posted on by The Editorial Team

CASABLANCA (Capital Markets in Africa) – Morocco loosened its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib on Monday allowed the dirham to fluctuate 2.5 percent above or below its official rate, significantly widening the band from 0.3 percent each way. The central bank updated the dirham’s band from to 8.9783 to 9.4328 against the dollar as of…

These Digital Coins Soar (or Fall) With Bitcoin: QuickTake Q&A

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – It was astounding enough when bitcoin soared more than 14-fold over the course of 2017 to reach a peak of more than $19,000 on Dec. 16, giving it a total market cap of $329 billion — greater than the gross domestic product of South Africa or Ireland. Equally astounding, perhaps, is that bitcoin’s value has now been eclipsed by the combined market caps of the next biggest four cryptocurrencies,…

Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a new record as all precious metals climbed. Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange. All metals climbed as the Bloomberg…

Oil Trades Near Three-Year High as OPEC Members Reassure on Cuts

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers for OPEC-led output cuts to continue, despite recent price gains. Futures were little changed in New York after rising 4.7 percent last week. The production curbs have contributed to stability in the market and should remain, Iraqi Oil Minister Jabbar al-Luaibi said Saturday. Yet Brent crude at $70 a…

Digital Signage for Businesses: Is It a Worthy Investment?

Posted on by The Editorial Team

In the world of business promotion, what matters most is the promptness, clarity and attractiveness of the message that is being relayed to the target market. Over the years, many forms of signage have been used by businesses to get their messages to potential customers. For instance, over the past centuries, several decades ago and even now, wooden boards and vinyl banners have been used. However, they have had major shortcomings in getting the message…

Why South Africa’s Steinhoff Could Be Next Enron: QuickTake Q&A

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – It could wind up being South Africa’s version of the Enron accounting scandal. Furniture retailer Steinhoff International Holdings NVcaptivated investors by growing into a global force, latterly under its former chairman, billionaire Christo Wiese. Now it’s drawing attention for all the wrong reasons. Shares in Steinhoff crashed 80 percent in two days after the company reported accounting irregularities. Wiese stepped down, Chief Executive Officer Markus Jooste resigned and the company is looking for leniency…

« 1 … 559 560 561 562 563 … 1,078 »