It is speculated that China may dump more of its U.S. treasuries because of the current tensions between China and the United States. China currently holds $1.07 trillion dollars worth of U.S. treasuries.
China has been unloading some of their treasuries throughout the 2020 year, but that does not necessarily mean that they will unload their “whole deck of cards”. If China were to use the “nuclear option” in unloading their treasuries; the global markets would react haphazardly to such a scenario. -SB
Two of the country’s largest newspaper companies will be merging and creating one huge newspaper media conglomerate. New Media Investment Group (NYSE: NEWM) will buyout Gannett Co. (NYSE: GSI) for $1.38 billion dollars, in cash and stock options.
The closing of the deal is supposedly going to be complete at the end of 2019. New Media and its satellite company GateHouse Media will operate under Gannett Co. and also be headquartered in Virginia, where Gannett is also located. -SB
It seems that Nigeria has been on a roll this year, as far as stock indexes are concerned. Nigerian stocks returned 12% to investors in 2017. The largest percent ratio in global stock indices for 2017.
Nigeria recently got out of an economic recession, a recession that has not occurred in the country in the last twenty five years, so for stocks to be hitting record highs while also climbing out of a recession is a plausible feat.
2018 has begun, so will Nigeria markets continue to flourish? This may be the beginning. -SB
President Elect’s Donald Trump’s Treasury Secretary nominee, Mr. Steven Mnuchin was on the HILL today, being grilled by senators, on his various role(s) in US housing forecloseres, off shore investments, and banking regulations. Mr. Mnuchin is seeking to be the new Trump’s Treasury Secretary, and such is the case for candidates for any US secretary position, Mr. Mnuchin took the mound on Capitol Hill (Capital Hill), no pun intended.
Mnuchin answered questions on his numerous roles in housing foreclosures, banking investment and regulations; and how he managed to be appropriated upon all these different type of managerial skill sets, one may add? He answered all questions by senators and gave his opinion on what his duties as Treasury Secretary; under a Trump Administration would entail. -SB
P.s. Donald J. Trump gets inaugurated as the 45th US President on January 20, 2017 at around noon 12pm est.
The Millennial generation are keen in spending money, lots of it (I included) but even more so, millennials are finding new ways in investing and saving earned capital or just simply put it; saving any dollars at all in today’s market driven economy.
Millennials have indicated they would use financial supplements from technology companies like Google (Google Wallets) or from Paypal Inc, or even Apple with their debit/credit card systems.
This technology/digital generation presumes to use quicker, and convenient accessibilities in everyday life. As the millennial get older and more independent financially, they seek more creative and assertive ways to save their hard earned income, then the more conventional ways of saving and spending. It shows as technology and the digital age become more advanced in many financial and banking spectrums -SB
The Jordanian kingdom has stopped a business deal worth approx $15 billion dollars for Israel’s oil and gas supply, reported by the Jordanian Ministry of Energy and Mineral Resources.
Instead the Jordanian govt has stated that it will sign a mega gas/oil production deal with BG Group PLC, which is located outside the Gaza strip. The previous deal which has now been suspended; was with giant Israel based oil and gas company, Noble Energy (NBL). The deal was supposedly worth north of $15 billion dollars.
Jordan is doing this deal with tje BG Group PLC because of the halting of the gas/oil pipeline in Egypt, which affects the region especially Jordan directly. There has been constant pipeline bombings in Sinai, Egypt disrupting the production and output in the region.
Energy is big business in Nigeria and in Africa in general. Billionaire Aliko Dangote, Africa’s richest man has invested $2 billion dollars in Nigeria’s oil refinery. It is Nigeria’s petrochemical and fertiliser plant. He has already invested $9 billion dollars in the refinery adding the recent $2 billion recently. This project has been noted by energy analysts as galvanizing and revolutionizing the energy sector in Nigeria.
Nigeria’s refineries have had problems for decades, not being able to output oil to its full capacity, being unmanageable and the high rate of oil robberies and theft.
Nigeria’s economy continues to expand and diversify especially within the past decade but the country is still relying on oil as it’s main producer… Nigeria’s is Africa #1 oil producer… Nigeria oil accounts for 90 percent of export earnings and 70 percent from its national GDP earnings.
Mr. Dangote and his Dangote Group investing $2 billion in the oil refinery will position Nigeria to broaden its spectrum in the energy sector within and help ease the necessity of energy from being imported..