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Full-Blown Trade War Quickly Shifting From Risk to Baseline

NEW YORK (Capital Markets in Afrioca) – After months of predicting a trade deal between the world’s two largest economies, economists at some of the biggest financial institutions are growing increasingly pessimistic. Goldman Sachs Group Inc., Nomura Holdings Inc. and JPMorgan Chase and Co. are among those that have rewritten their forecasts as U.S. President Donald Trump threatens to impose a 25% tariffs on around $300 billion of additional Chinese imports. Analysts at Nomura have made that…

India and Africa: The way forward for two potential economic giants

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – After seven decades, the fifty-five African states are trying to sincerely decide on their own future course through greater and definitive integration. Several regional organisations were conceived of whom some function more actively and comprehensively than the others especially in the domain of economy and trade. Several regional groups have overlapping entities and overarching approaches which tended to confuse the effort with the expected outcomes. Africans have made sincere…

What to Watch in Commodities: Trade, Aramco, Megadeal, OPEC, LNG

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Commodities posted good returns in the first quarter, although there are now concerns on whether gains can be sustained. As April opens, it’s deals that are on the radar: the U.S. and China plan more talks as they seek to narrow differences on trade, and in what could be the biggest deal in the gold-mining industry, Goldcorp Inc. shareholders vote on the merger with Newmont Mining Corp. Also key to events, mammoth oil…

Anglo Platinum Hikes Dividend as Palladium Surge Boosts Cash

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Platinum prices are languishing near decade lows, yet investors in the No. 1 supplier of the metal haven’t had it this good for years. Anglo American Platinum Ltd. declared its biggest dividend since 2008 as the company reported full-year earnings that nearly doubled, thanks to a weaker rand and surging prices for sister metal palladium. The Johannesburg-based miner’s shares have risen 104% in the past 12 months. While rivals…

Tesla Rushes Model 3s to China Before Trade-War Truce Expires

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – At least three ships roughly the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk. Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire. Musk fears the two countries…

Deutsche Bank Taps Cerberus to Help Squeeze More From Cash Pile

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Deutsche Bank AG, running out of time to restore revenue growth, is getting a little help from its friends at Cerberus Capital Management. Germany’s largest bank on Friday confirmed that Cerberus, one of its top shareholders and an adviser through a separate unit, has been helping manage its cash reserves more profitably, a story reported earlier by Bloomberg. That’s already bearing fruit and could add 300 million euros ($344 million)…

Why Are So Many African Leaders Shutting Off the Internet in 2019?

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — Last week, Zimbabwe’s High Court ordered Internet operators to restore the Internet, which they had shut down for a week. President Emmerson Mnangagwa’s officials ordered the shutdown after mass protests against fuel price hikes — from less than $3 per gallon to almost $12 a gallon — rocked Zimbabwe for weeks, aiming to prevent protesters from coordinating their actions and sharing information. Protesters argued that the shutdown’s goal was…

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