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August 1, 2021

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Ping An finds suitable rebound deal

Reuters
HONG KONG (Reuters Breakingviews) – Ping An Insurance may indemnify one costly deal with a better one. Not long after losing $1.5 billion in a failed property investment, the Chinese conglomerate plans to spend up to $7.9 billion to buy control of Founder Group, Peking University’s bankrupt corporate empire. A......

Breakingviews – China’s antitrust push forces digital reinvention

Reuters
FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo HONG KONG (Reuters Breakingviews) – What’s left for Chinese internet companies deprived of......

Breakingviews – Capital Calls – LVMH surges back to full health

Reuters
A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau MILAN (Reuters Breakingviews) – BLING BOUNCE. LVMH has bounced back with a vengeance from its pandemic sales sickness. The maker of $2,500 Speedy bags and $6,000 Tag Heuer watches on......

Breakingviews – Capital Calls – U.S. CEO pay

Reuters
George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters Breakingviews) – CHAUFFEURED IMMUNITY. Last month, around 8 million fewer Americans were employed than in February 2020, before coronavirus struck. Big-company bosses aren’t sharing the......

Breakingviews – Capital Calls – Tod’s needs Ferragni sizzle, plus

Reuters
The 76th Venice Film Festival – Screening of the film “Chiara Ferragni – Unposted” – Photocall – Venice, Italy, September 4, 2019 – Chiara Ferragni poses. MILAN (Reuters Breakingviews) – EFFETTO FERRAGNI. Chiara Ferragni’s digital magic worked on Tod’s shares. The Italian maker of $500-a-pair loafers rallied 14% on Friday......

Breakingviews – Fine leaves sharp sword hanging over Alibaba

Reuters
FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter HONG KONG (Reuters Breakingviews) – Alibaba is entering a long probation. A $2.8 billion fine for preventing sellers from using rival sites is a light penalty for the......

Breakingviews – Capital Calls – Cellebrite good times

Reuters
A Cellebrite forensic device extracts data from a Samsung mobile phone during a demonstration at a training centre in Beijing, China June 19, 2018. REUTERS/Cate Cadell NEW YORK (Reuters Breakingviews) – SOMETHING TO CELLEBRITE. Controversy over cops breaking into people’s cellphones is heading to a stock exchange near you. Israeli......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

Breakingviews – Capital Calls – KPN’s buyout window gets narrower

Reuters
The KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. LONDON (Reuters Breakingviews) – DUTCH COURAGE. Buyout barons eyeing up KPN are having to contemplate an increasingly narrow door. The Dutch telecom firm’s shares have risen nearly a third since October, when Bloomberg first reported that......

Breakingviews – Capital Calls – Jean Raby exit leaves Natixis ruing M&A dreams

Reuters
The Natixis logo is seen on a building in Charenton-le-Pont near Paris, France, April 29, 2020. LONDON (Reuters Breakingviews) – DAMP SQUIB. Natixis boss Nicolas Namias will be left ruing what might have been. On Tuesday the $15 billion French bank announced the exit of Jean Raby, who ran its......

Breakingviews – Capital Calls – SPAC silence isn’t golden

Reuters
A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid NEW YORK (Reuters Breakingviews) – BLANK TONGUES. Managers of special-purpose acquisition companies are giving investors the silent treatment. When hosting calls to explain their......

Breakingviews – Capital Calls – WFH animal spirits prompt deals

Reuters
Pastor Matt Johnson interacts with parishioners via Zoom in Sydney, Australia, April 12, 2020. NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- IT’S VIRTUALLY FREE. Companies that service Wall Street-from-home are feeling their oats. On Monday Broadridge Financial Solutions, an $18 billion fintech......

Breakingviews – Archegos mess revisits Wall Street weak spots

Reuters
By Antony Currie, Jennifer Hughes A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton – RC1C326C6140 MELBOURNE (Reuters Breakingviews) – The woes originating from Archegos Capital Management support the idea that there’s more to......

Breakingviews – Capital Calls – China’s beverage king faces consumption drought

Reuters
A man pushes a shopping cart filled with bottled waters after reports on heavy levels of benzene in local tap water, in Lanzhou, Gansu province April 11, 2014. REUTERS/Stringer HONG KONG (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- WATERED-DOWN. China’s beverage champion may be......

Breakingviews – Capital Calls: China chokes its vaping startups

Reuters
A saleswoman demonstrates vaping at the Vape Shop that sells e-cigarette products in Beijing, China January 30, 2019. REUTERS/Thomas Peter HONG KONG (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- COUGHING IT UP. Just two months after electronic-cigarette maker Rlx Technology’s $1.4 billion debut in......

Breakingviews – Antipodean wind deal harnesses three power sources

Reuters
David Brockwell walks between wind turbines during a routine inspection at the Infigen Energy wind farm located on the hills surrounding Lake George, 50 km north of the Australian capital city of Canberra May 13, 2013. Infigen Energy’s Capital Windfarm, built five years ago, was a vanguard for wind power......

Breakingviews – Capital Calls: Michael’s recycled buyout

Reuters
A signage at a Michaels arts and crafts store is seen in the Loma Portal area of San Diego, California January 27, 2014. REUTERS/Sam Hodgson NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- SCRAPS. Apollo won’t have to be too creative with Michaels.......

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.......

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......

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