Recent Posts

Keeping a billionaire’s satellite dream spinning

If you’re a foreign bidder bent on a controversial takeover of a UK company, you can do worse than use the playbook Softbank Group Corp turned to when it acquired chip designer Arm Holdings in 2016. Start with a knock-out offer the target just can’t refuse, and pay in cash rather than your own wobbly shares. With the board on ...

Read More »

Beware China equity bulls promising rich returns

The next time an analyst tells you that China stocks look cheap, take it with a grain of salt. In Asia’s biggest economy, key accounting metrics such as return on equity are dead. Mainland shares are among the worst in the region, with the CSI 300 Index down 16 percent since January despite its members averaging double-digit revenue growth and ...

Read More »

Brexit brouhaha cannot beat dollar weakness

You’d hardly know there was a UK political crisis going by looking at the pound. Prime Minister Theresa May’s Brexit plan was so distasteful to one of her leading cabinet ministers that he quit — surely that is a recipe for the currency to tank. And yet, sterling managed to climb to its highest in almost a month versus the ...

Read More »
Send this to a friend