Category: Semafor

Category Added in a WPeMatico Campaign

Rivals cautiously optimistic as regulator tackles Diageo’s Kenya dominanceRivals cautiously optimistic as regulator tackles Diageo’s Kenya dominance

The News Kenyan brewers see an antitrust decision to impose conditions on Asahi Group’s $2.3 billion acquisition of Diageo’s East African Breweries as a potential opening to reshape market dynamics in their favor. The Competition Authority of Kenya recently set a number of conditions on the deal to assuage longstanding ...

Bessent’s bond market move draws fire from investorsBessent’s bond market move draws fire from investors

Investors and analysts poured scorn on US Treasury Secretary Scott Bessent’s doubling of long-term bond purchases last week, which provided temporary relief but faces structural economic headwinds that are driving yields higher. The buybacks are a “band-aid on a bullet hole,” a Nomura strategist told the Financial Times, while ING ...