Tips for Drafting an International Arbitration Clause
International arbitration agreements (IAAs, or “arbs”): this is a term that you’ve probably come across if your firm has even mentioned going overseas to do business. This is the clause…
Ecobank Transnational Incorporated Appoints Samuel Adjei As MD Of Its Combined Region
Ecobank Transnational Incorporated (ETI) has announced in a press release, that Mr. Samuel Ashitey Adjei, the current Managing Director of the Ghana Subsidiary, will takeover as the Managing Director for…
Is The Banking Committe Finally Giving Up?
The Banking Committee in Nigeria have threatened to withdraw from funding the payment of school fees abroad, Thisday reports. The Central Bank have pledge to stick with 11% for Monetary…
Meet The New Men In Charge Of Nigeria’s Budget
President Muhammadu Buhari has approved the appointment of a new DG (Budget), and a Special Adviser, Planning. In a statement released by Special Adviser to the President (Media & Publicity),…
China Created More Debt In January Than The GDP Of Norway, Austria Or The UAE
The world let out a collective gasp of shock last night when the PBOC announced that in January, China had created an absolutely gargantuan CNY3.4 trillion in new total debt…
WTI Crude Plunges Back Below $30 – Gives Up All “Production Cut” Hype Gains
As traders slowly (and then quickly) woke up to the fact that a “freeze” at record levels of production is not a “cut”, WTI Crude has collapsed over 5% from…
Empire Fed Contracts For 7th Straight Month, Hovers At 7-Year Lows
The Empire Fed Manufacturing survey has been in contraction (below 0) since July 2015 and while February’s -16.64 print was above January’s -19.37, it was dramatically worse than the expected…
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill”
Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only…
Buybacks Must Continue: AAPL, IBM Unveil Major Debt Issuance To Fund Shareholder-Friendliness
With investment grade credit risk soaring, it’s now or never for many firms to lever up at “relatively” low costs and two of the biggest buyback-ers are stepping up to…
Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause
European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by…