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February 9, 2022
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Paris (AFP) – French heavyweight Tony Yoka will face Congolese Martin Bakole in his 12th professional fight on May 14 in Bercy, his broadcaster Canal+ announced on Tuesday.
The Olympic champion (2016) was originally scheduled to face Bakole on January 15 in Bercy but the meeting was postponed due to the return of the gauges related to the Covid-19 pandemic.
After this time, Yoka, undefeated in 11 outings (9 wins before the limit), had agreed to challenge Croatian Filip Hrgovic in an IBF world semi-final, but the body finally considered that Yoka remained committed to a fight once morest Bakole.
« We didn’t want to miss this chance to become the official challenger of the next winner of the fight between Alexander Usyk and Anthony Joshua but the Bakole clan came forward to the IBF saying that they had a valid contract to face Tony. The IBF rule is simple: if a boxer is already engaged in another fight or injured, he is considered unavailable “, explained to AFP Jérôme Abiteboul, the promoter of the French.
Bakole will still be a very good test for Tony Yoka (29 years old), who has not fought since September 10 (a victory once morest the Croatian Peter Milas by knockout in the 7th round) and aims to one day become world champion of the queen category.
The Congolese (28 years old) is ranked 18th by the reference site BoxRec (Yoka is 19th) and has experienced defeat only once in 18 appearances in the ring (13 KO).
« This is a world-class opponent, which ultimately corresponds to the plan that should lead Tony to a world final, indicated Jerome Abiteboul. This will take us to a 13th fight, definitely a world semi-final. We are always in the times of passage ».
Bercy will also be the scene of the great professional debut of French lightweight Sofiane Oumiha. The Olympic silver medalist (2016), a two-time amateur world champion but returned unscathed from the Tokyo Olympics in 2021, will have to fight with his compatriot Mevy Boufoudi.
News Com Africa Holding (NCA Holding) announced, on Wednesday, the organization, on Thursday in Casablanca, of the second meeting of its conference cycle “Morocco 21”, dedicated to access to financing for small and medium-sized enterprises (SMEs), with the participation of the Director of Operations of the European Investment Bank (EIB) in the neighboring countries of the European Union, Flavia Palanza.
This conference, which will be organized in partnership with Tamwilcom, a public guarantee and financing financial institution, will be an opportunity for Mr. Palanza to share his expertise and the “success stories” internationally and regionally that have made it possible to develop access to financing for SMEs, says NCA Holding in a statement.
With more than 30 years at the European Investment Bank and a career mainly focused on countries outside the European Union, in particular the regions of Central and East Africa, the Pacific, the Middle East and North Africa or Central and South-eastern Europe, Flavia Palanza
“Small and medium-sized enterprises are real engines of economic growth. That is why it is our responsibility to support and accompany them in their development. And the needs are great, many companies are still struggling to be financed,” said Palanza, who has more than 30 years at the EIB and a career focused mainly on countries outside the European Union, including the Central and Eastern African regions, the Pacific, the Middle East and North Africa, and Central and south-eastern Europe.
“In 2021, almost half of our funding – 45 billion euros – went to small and medium-sized enterprises around the world. In Morocco, regarding 40% of our commitments are intended to support micro, small and large companies to enable them to cope with liquidity problems and preserve employment. Business support is a top priority for the EIB Group and I am delighted to have the opportunity to share our expertise and experience in this field with you,” she said.
Last November, NCA Holding launched the “Morocco21” conference cycle, an initiative aimed at deepening reflection and sharing know-how in the construction of Morocco of the 21st century.
Each conference proposes to look at strategic axes in the implementation of the new development model, with the contribution of international experts to allow a sharing of experience and best practices (best practices) with world leaders. A hundred guests, experts, decision-makers, business leaders and civil society actors, are invited in order to enrich the exchanges and deepen the discussion.
The first “Morocco 21” conference was dedicated to the digital security of organizations in their digitalization process, a pillar of transformation in the recommendations of the Special Commission on the Development Model (CSMD).
Among the essential projects that will be discussed in the coming months are the skills of the professions of the future, scientific research and innovation ecosystems, the acceleration of clean energies, the environment as a lever for wealth creation, the inclusion of the rural world or Dakhla as a new African hub for foreign investment, concludes NCA Holding.
Source : MAP
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New York Stock Market Starts rising amid falling Long-term Government Bond Interest Rates and low-cost buying
written by Alexandra Hartman Editor-in-Chief
(New York=Yonhap News) Yoon Young-sook, Yonhap Infomax Correspondent = New York Stock Market rose as 10-year treasury interest rates were somewhat stable and low-cost purchase tax inflows continued.
As of 10: 07 A.M. on the 9th(U.S. Eastern Time), the Dow Jones 30 Industrial Average index on the New York Stock Exchange(NYSE)was 35,763.15, up 300.37 points(0.85%) over the previous year.
The Standard&Poor’s(S & P)500 Index rose 50.57 points(1.12%) to 4,572.11, while the tech-focused Nasdaq index jumped 179.43 points(1.26%) to 14,373.88.
Major indexes rose, with low-cost buying in the meantime due to tightening concerns from the Federal Reserve(Fed).
The Nasdaq Index is down more than 11% from its November high last year, and the S&P500 index is down more than 5% from its January high. The dow fell more than 3% from its January high.
However, investors were on the lookout for the Consumer Price Index(CPI)to come out the next day, watching the remarks of FED officials and the move in treasury interest rates. Corporate performance is also affected by individual stocks.
U.S. 10-year treasury rates fell once more, trading at 1.92%. The decline in interest rates was somewhat of a relief for stocks, having fallen from the previous day’s rise to 1.97%.
However, investors are watching the CPI announcement to see whether 10-year interest rates will break through 2%. The steep rise in treasury interest rates is expected to act as downward pressure on technology stocks and growth stocks.
The Fed’s monetary policy-sensitive two-year treasury rate rose once more to 1.352%. This is the highest since February 2020.
Rafael Bostic, Governor of the Federal Reserve Bank of Atlanta(Yeon Eun), told CNBC earlier in the day that he expected three or four rate hikes this year.
“With regard to raising interest rates, I’m currently forecasting three hikes,”Bostic said, “but we’re slightly biased towards four (raising interest rates), but we’ll have to see how the economy reacts following the first (raising interest rates) step.”
Bostic explained that he was mindful of a 25bp hike, meaning that the Fed is keeping all possibilities open to the possibility of raising the benchmark interest rate by 50bp at a time.
The market is reflecting the possibility of raising interest rates five times this year in prices.
Investors are also keeping an eye on companies ‘ earnings releases.
Chipole shares rose more than 6% on the news that the company’s net profit exceeded expectations.
CVS Health’s shares fell more than 3% on news that its quarterly net profit and revenue exceeded expectations.
Lift shares fell more than 1% on the news that earnings exceeded expectations, while active driver figures were below expectations.
Shares of Yum Brands, the parent company of KFC and Pizza Hut, rose more than 4%, with net profit below expectations, but sales improved more than expected.
This day, Uber and Walt Disney will release quarterly results, respectively, following the chapter closes.
All 11 sectors in the S&P500 index rose.
New York City experts have diagnosed that the stock market is still watching tightening, inflation concerns, and the resulting rise in interest rates.
“Optimism over the resumption of the economy is contributing to improving sentiment, but hawkish fed expectations and rising interest rates continue to pose a major threat to stock prices,”Swisquart analyst Ypek Ozkadeskaya told Marketwatch.
In other words, the boundaries of the market are maintained in that the factors that triggered the surge in bond interest rates(the decline in bond prices)have not been eliminated.
“All market participants are trying to gather more information regarding how global central banks will make policy changes,”ING’s head of Global Macro Research, Carsten Brzeski, told the Wall Street Journal, “and there is a question regarding how the stock market will adapt to this new normal.”
European stocks rose in unison.
The German DAX index rose 1.66 percent, and the British FTSE100 Index rose 0.96 percent. The STOXX600 index, a pan-European index, is up 1.73%.
International oil prices all rose.
The price of West Texas crude Oil(WTI) in March rose 0.46% to $ 89.77 per barrel, while the price of Brent crude oil in April rose 0.62% to $ 91.34 per barrel.
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