Fed Chair Jay Powell says the recent performance of the US economy has been good giving central bankers room to lower interest rates at a careful pace. Also on the show :JPMorgan Chase CEO Jamie Dimon says he’s expecting a deals boom under the second Trump presidency; Donald Trump says there’s no room for Jamie Dimon in his new administration; Zimbabwe’s finance minister says the country’s economic fortunes are looking up despite crippling drought and a debt restructuring program; Middle Eastern sovereign wealth funds have been jolted by a series of changes to key players in the global dealmaking space; IEA says global oil markets face a surplus of more than 1M barrels a day next year as Chinese demand continues to falter; The Democratic Republic of Congo is set to receive nearly $2.9B in financing from the IMF over the next 3 years; JD.com results fail to impress while Alibaba’s 2Q sales growth seen slowing; Israeli ground forces are expanding their six-week-old sweep of villages in southern Lebanon while US-led cease-fire plans remain in limbo; S&P Global Ratings says deadly protests in Mozambique are increasing the risk of a domestic debt default; Lulu’s shares closed flat after its $1.72b IPO in Abu Dhabi. Guests include: Eugenia Victorino, SEB, Head of Asia Strategy; Mthuli Ncube, Zimbabwe’s Finance Minister; Vandana Hari, VANDA Insights, Founder; Dion George, South African Environment Minister; Chiedza Madzima, BMI, Head of Global Operational Risk Research.
00:00 Introduction
02:32 Eugenia Victorino, SEB, Head of Asia Strategy
10:24 Dimon: M&A boom coming under Trump
18:30 Ncube: Zimbabwe’s economy is resilient
25:32 Gulf wealth funds rocked by changes
28:40 Vandana Hari, VANDA Insights, Founder
35:04 Congo, IMF agree on $2.9B in financing
39:24 Elon Musk to lead Trump’s efficiency department
41:32 JD.com results fail to impress
47:15 Powell: No rush to ease with strong economy
52:32 Israel expands south Lebanon push
57:29 Dion George, South African Environment Minister
01:05:21 Dimon on Trump’s election win
01:12:05 Chiedza Madzima, BMI, Head of Global Operational Risk Research
01:19:42 IEA: Markets face oil glut
01:23:24 S&P warns Mozambique unrest pushing nation closer to debt default
01:28:20 Lulu’s $1.72B IPO disappoints in debut
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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