Joseph A. Rubbo

May 7, 2024

Angola agrees deal with Chinese state bank to ease debt crunch

...Angola is using an unusual deal with China to relieve a debt crunch in Africa’s second-biggest oil producer by unlocking cash from a Chinese-controlled account to pay interest on a crucial loan, its finance...

May 8, 2024

FT Live

Managing Operational Risk in M&A Transactions

Examining the value of business licensing and property tax in the deal cycle

Emerging market investing

Emerging market junk bonds are top performers in sovereign debt markets

...That compares with a loss of 3.3 per cent for an index of US Treasury bonds....

May 9, 2024

The Henry Mance Interview

Economist Joseph Stiglitz: ‘Trump is what neoliberalism produces’

...Before I speak to Joseph Stiglitz, one of his surprisingly ample team asks if I can give him notice of my questions. The Nobel laureate, it turns out, appreciates time to prepare....

April 29, 2024

News updates from April 30: Former Binance chief sentenced to prison; BlackRock to launch Saudi investment firm

China factory activity expands for second month

...A reading above 50 indicates expansion from the previous month....

April 30, 2024

Sovereign bonds

Ukraine creditors form committee as Kyiv seeks debt restructuring

...Bondholders organised the committee, a key step before beginning talks, “in response to a request from the government of Ukraine”, the committee said on Tuesday....

April 16, 2024

FT Live

The Global Boardroom: 8th Edition

FT journalists in conversation with leaders in business and government

News in-depthSovereign bonds

New form of bond emerges from Sri Lanka’s $13bn restructuring talks

...in the next few weeks”, in a sign that a deal may be close....

May 4, 2024

News updates from April 11: ECB keeps interest rates on hold; OJ Simpson dies aged 76

Chinese consumer prices edge up in March amid sluggish demand

...index was 0.1 per cent higher year on year in March, according to official statistics released on Thursday, lower than the 0.7 per cent reading in February and below the 0.4 per cent increase forecast by a...

April 11, 2024

News in-depthForeign aid

Development funds dash for donor cash at World Bank and IMF meetings

...Global Development, a think-tank....

April 15, 2024

Ghana

Ghana’s debt restructuring deal falters after IMF rebuff

...Accra’s borrowing to a sustainable level....

April 15, 2024

Sovereign debt

Zambia agrees deal to restructure nearly $4bn of bonds

...“Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia’s interests, but the wider creditor community as a whole,” said a steering committee for the external bondholders...

March 25, 2024

FT Magazine

We just got a Michelin star. Now what?

...Lauren Joseph is a writer and chef at Dorian Follow @FTMag to find out about our latest stories first...

February 28, 2024

Investments

BofA’s elephant in the room

...Joseph Wilkins is a funds correspondent at FTAdviser. Look at this graph....

February 2, 2024

Asset allocation

The quantitative ‘climate change’

...But it’s a helpful construct for analysis. If there is a trend in the five-factor portfolio performance, that should produce a corresponding trend in quant performance....

January 24, 2024

News in-depthEgypt

Demand for Egyptian debt surges after $55bn bailout and investment package

...too risky only a few weeks ago....

April 16, 2024

FT Live

Africa Summit

Africa in a complex world

Zimbabwe

Zimbabwe launches ‘gold-backed’ currency to replace collapsing dollar

...“Zimbabwe has less than a month of reserves, not enough to defend the structured currency,” said economist Tinashe Murapata. “A new currency every five years now seems the norm.”...

April 5, 2024

News in-depthAnglo American PLC

Why South Africa is Anglo American’s ‘poison pill’

...PIC has a mandate to foster the country’s development including a long-term future for mines that provide jobs and skills in a country with a one-third jobless rate....

April 26, 2024

Cryptofinance

Cryptofinance: The trade-offs in chasing the decentralised dream Premium

...Ethereum, the biggest blockchain for decentralised finance, was not conceived as a money but new foundation for trust in financial markets, said Joseph Lubin, one of its co-founders said....

May 10, 2024

News updates from March 25: Boeing CEO to step down; UN Security Council calls for Gaza ceasefire

Zambia reaches revised bondholder deal and moves closer to exiting default

...Zambia’s official creditors including China have already signed up to debt relief, which made a private creditor deal the last hurdle to leaving a 2020 default behind....

March 25, 2024

News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs

Vivendi’s Canal+ raises offer for South Africa’s MultiChoice

...MultiChoice’s board will take independent advice in reviewing the R125 ($6.55) a share cash offer from Canal+, up from a R105 a share offer made in February....

March 5, 2024

Currencies

Asia’s central bankers struggle to contain strong US dollar

...“The main trigger is still the Fed and a stronger dollar,” said a Shanghai-based renminbi trader at a Chinese state bank....

April 20, 2024

Ukraine

Hedge fund pushes for power firm to be excluded from Ukraine debt deal

...The firm, a longtime investor in Ukraine, is a member of a group that is asking Ukrenergo to deal with its creditors outside of a debt relief plan that President Volodymyr Zelenskyy’s government will soon...

April 19, 2024

Fund management

Franklin Templeton plans to take top-performing turnaround fund to new markets

...enjoying a windfall from outsized returns....

March 6, 2024

International Development Association (IDA)

World Bank lender to poorest nations seeks record funding haul

...However, the bank has been cautious about moves that would lead to a downgrade of its rating....

March 17, 2024

Zambia

Zambia’s $13bn debt stand-off an ‘indictment’ of global system, says president

...Zambia needs a debt resolution to continue a $1.3bn IMF bailout and revive financial flows back into the country....

March 20, 2024

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