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iPhone supplier’s share spike isn’t a good sign

You know the situation must be dire if a company’s shares spike after it confirms plans to dilute shareholders. Japan Display Inc., a maker of screens for the iPhone and other gadgets, jumped as much as 14 percent. The catalyst was a brief statement from the company earlier in the day that said it was aiming to reach agreements this ...

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The world better get used to negative rates

Today, around $10 trillion of bonds are trading at negative yields, mainly in Europe and Japan. In the next recession, US interest rates, too, may enter negative territory: Short-term rates are currently running around 2.5 percent, and cuts of between 3 percent and 5 percent are commonly needed to restart economic activity. In markets where rates are even lower or ...

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The automobile industry is overdue some mega-mergers

Love is in the air again among the world’s automotive manufacturers. The alliance of Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. aims to restart merger talks in 12 months before moving on to a takeover of Fiat Chrysler Automobiles NV, the Financial Times reported last week. Peugeot-owner PSA Group is also looking to build a partnership with Fiat ...

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