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March 4, 2021

CAPITAL

Melvin Capital posts return of more than 20% in February, sources say

CNBC
CNBC – For more and to sign up click here Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images The hedge fund at the center of the......

SoftBank-backed Greensill Capital is reportedly preparing to file for insolvency

CNBC
CNBC – For more and to sign up click here SoftBank Group founder, chairman and CEO Masayoshi Son announces his group’s earnings results on May 9, 2019, in Tokyo. Alessandro Di Ciommo | NurPhoto | Getty Images Greensill Capital is preparing to file for insolvency in the U.K., according to......

Breakingviews – Capital Calls: Exxon shareholders get an ESG vote

Reuters
An Exxon gas station is seen in Houston, Texas, U.S., April 30, 2019. NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- VOTING SUPPRESSION FOILED. American companies have an enormous discretion over their affairs. A Securities and Exchange Commission decision dated Feb. 26 shows......

Breakingviews – Capital Calls: Greensill’s funky debt crunch

Reuters
The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- RUN FOR GREENSILLS. The woes faced by supply chain finance provider Greensill Capital are spreading to lower-risk forms of the funky debt.......

Chinese fintech platforms should meet capital requirements in two years

Reuters
FILE PHOTO: China’s top banking regulator Guo Shuqing speaks to reporters on the sidelines of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2019. REUTERS/Thomas Peter BEIJING (Reuters) – China’s financial technology companies have a maximum of two years to meet......

Breakingviews – Capital Calls: Trustpilot’s trust issue

Reuters
A person types on a laptop computer in Manhattan, New York City, U.S., September 11, 2020. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- TRUST FUND. Trustpilot is giving investors a chance to review its own business model. The Copenhagen-based online review platform on......

Brazil’s capital goes into lockdown to quell COVID-19 surge

Reuters
BRASILIA (Reuters) – The governor of Brazil’s capital city, Brasilia, decreed a 24-hour lockdown for all but essential services on Friday to curb a worsening COVID-19 outbreak that has filled its intensive care wards to the brim. FILE PHOTO: Demonstrators hold banners during a protest honouring the coronavirus disease (COVID-19)......

Breakingviews – Capital Calls: Aston Martin makes Tesla look cheap

Reuters
An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- CAR SICK. Move over Elon Musk. On Thursday, shares in Aston Martin Lagonda jumped by 5% despite......

Breakingviews – Capital Calls: Hermès bags are the new safe asset

Reuters
A staff member poses holding a rare Hermes handbag, the mat white Birkin Himalaya 35 during an auction preview at Christie’s in Paris, France, March 4, 2016. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- SAFE AS HÈRMES. The French luxury icon’s handbags have......

Breakingviews – Capital Calls: Mitsubishi reverses into France

Reuters
Mitsubishi Motors’ CEO Takao Kato and COO Ashwani Gupta pose next to the Mi-Tech concept car during the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe Zeya Tun – RC1C1EFD09F0 HONG KONG (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- PUSHED AROUND. Mitsubishi......

Breakingviews – Capital Calls: Wells Fargo slims down

Reuters
A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020. NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- GOOD THINGS COME. Wells Fargo is U.S. finance’s biggest doer-upper. The $2.1 billion sale of its asset management unit on......

Breakingviews – Capital Calls: Bank mergers

Reuters
A man is reflected as he walks past the widow of an M&T Bank branch in New York August 27, 2012. REUTERS/Brendan McDermid NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- PEOPLE’S POWER. Mergers between U.S. banks are needed but not always lauded......

Breakingviews – Capital Calls: LVMH taps Jay-Z for booze revival

Reuters
Shawn “Jay-Z” Carter, a founding partner of Reform Alliance, a newly formed organization to reform the U.S. criminal justice system, speaks during the Reform Alliance launch event in New York City, New York., U.S., January 23, 2019. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era.......

Protesting Indian farmers vow to amass more supporters outside capital Delhi

Reuters
BARNALA, India (Reuters) – More than 100,000 farmers and farm workers gathered in India’s northern Punjab state on Sunday in a show of strength against new farm laws, where union leaders called on supporters to amass outside the capital New Delhi on Feb. 27. Tens of thousands of Indian growers......

Breakingviews – Capital Calls: Bill Ackman’s SPAC surges

Reuters
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration New York (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- SO MUCH CONFIDENCE. SPAC investors are betting on Bill Ackman, then betting on him......

Breakingviews – Capital Calls: Treasury Wine serves reorg aperitif

Reuters
Bottles of Penfolds wine are on sale at a wine shop in central Sydney August 4, 2014. REUTERS/David Gray MELBOURNE (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- GLASS HALF FULL. Treasury Wine Estates boss Tim Ford could use a drink. The $5.7 billion maker......

Breakingviews – Capital Calls: Bubble alert

Reuters
A representation of virtual currency Bitcoin and U.S. One Dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- FIFTY THOUSAND REASONS. The price of bitcoin......

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