Recent Posts

UK PM has a Bank of England problem

After a landslide victory in the UK general election, Boris Johnson has many difficult choices ahead — not least on Brexit. One imminent personnel decision, however, will reveal a lot about whether Britain still wants to play in the big league globally. Johnson’s government is about to pick a new governor for the Bank of England, as Mark Carney’s term ...

Read More »

DuPont’s breakups only lead to more breakups

Round and round the DuPont merry-go-round of financial engineering we go. The chemicals giant agreed on Sunday to sell its nutrition and biosciences division to International Flavours & Fragrances Inc. via a tax-friendly Reverse Morris Trust transaction that values the business at about $26 billion. DuPont de Nemours Inc. will receive a one-time $7.3 billion cash payment and its shareholders ...

Read More »

US-China deal will be a short-term truce

There are times, including in armed conflict, when adversaries see it in their own interests to opt for a truce and sell it to the outside world as a steppingstone to a comprehensive peace. But both sides know it will be only a prelude to renewed tensions down the road. This could well be the best way to think of ...

Read More »
Send this to a friend