The Editorial Team

Aluminum Jumps as Guinea Coup Attempt Fuels Supply Concerns

CONAKRY (Capital Markets in Africa) – Aluminum climbed to the highest in more than a decade as political unrest in Guinea fueled concerns over supply of the raw material needed to make the metal.A unit of the military seized power and suspended the constitution, with head of special forces, Colonel Mamady Doumbouya, urging the army to back him. That rattled global aluminum markets Monday — prices in London notched a fresh 10-year high and futures…

BOE Has a Powerful Tool to Tighten Policy Without Raising Alarm

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Inaction could be a powerful option for Bank of England officials looking to scale back stimulus for the economy and shrink their swollen balance sheet. In a surprise move, Governor Andrew Bailey last week indicated that a “modest tightening” for monetary policy is likely in the next few years. When the time comes, it will begin with halting reinvestment of cash that comes from maturing investments in the BOE’s…

Bitcoin’s Rebound to 3-Month High Has Bulls Eyeing $50,000 Again

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto assets. The largest digital coin rose as much as 5.4% to reach $46,245 during New York-trading hours. The rally is a continuation of recent momentum — the coin is up roughly 17% over the past week. Peer coins also benefited, with Dash, Ether and Litecoin, among others, each up…

Why Methane Is Climate’s Low-Hanging Invisible Fruit: QuickTake

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Methane is the second-largest contributor to global warming after carbon dioxide. But new and better techniques to spot major emitters of the odorless, colorless gas have pushed curbing it up climate to-do lists. Scientists view reducing methane emissions from the fossil fuel industry as the cheapest and easiest way to hold down global temperatures in the near term. That could counterbalance the initial warming effect from declining use of…

Biden’s Expansive Economic Agenda Teed Up for Senate Endorsement

Posted on by The Editorial Team

NEW YORK (Capital Markets in Africa) – President Joe Biden’s big plans for the U.S. economy are on the verge of passing their first major legislative tests in the Senate, leaving their future to intra-party struggles between Democratic progressives and moderates. A broad group of Democratic and Republican senators is prepared to place a bipartisan stamp of approval on a cornerstone of the Biden agenda — a $550 billion infrastructure program — in a vote…

Mauritius Learns the Limits of Biden’s Invocation of the International ‘rules-based Order’

Posted on by The Editorial Team

PORT LOUIS (Capital Markets in Africa) — Among President Biden’s favorite terms, “rules-based order” is near the top of the list. Used by his administration as a foreign policy mantra, it means supporting the international laws and institutions that have kept the world relatively peaceful since World War II. Russia’s seizure and annexation of Crimea from Ukraine has been cited as a violation of the rules, as has Syrian President Bashar al-Assad’s use of chemicals…

Digital Currency Would Be Critical National Infrastructure – CBN

Posted on by The Editorial Team

The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a critical national infrastructure to protect it from operational and cyber-security risks. In a document obtained by THISDAY, which offered more insights into the digital money regime, especially the potential risks and mitigation measures, the apex bank said there would be a co-existence of traditional payment systems and the CBN Digital Currency (CBDC) to address interoperability…

« 1 … 78 79 80 81 82 … 1,076 »