March, 2019

• 4 March

  Daily Mail owner to spin off Euromoney stake to shareholders

  

  Bloomberg The owner of Britain’s Daily Mail newspaper will distribute its stake in the publisher of Euromoney magazine to shareholders in a move that will tie the fortunes of Chairman Lord Rothermere closer to the company. Daily Mail investors will see some of their stock exchanged for Euromoney shares. Lord Rothermere, also known as Jonathan Harmsworth, won’t take part in ...

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• 4 March

  Novartis gene therapy seen as cost-effective up to $1.5 million

  

  Bloomberg Novartis AG’s new gene therapy targeting a disease that kills infants would be cost-effective at as much as $1.5 million, according to a US nonprofit that assesses the value of drugs, well short of the potential price range the company has suggested. Zolgensma, a one-time treatment for a severe genetic disorder called spinal muscular atrophy, would provide substantial benefits ...

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• 4 March

  Volkswagen straddles old and new with electric buggy, Passat face-off

  

  Bloomberg Volkswagen AG’s delicate balancing act between the old and new automotive eras will be on full display this week at the Geneva car show, where a fun-loving electric beach buggy will share the limelight with the trusty Passat sedan. VW’s I.D. Buggy concept combines battery power with styling reminiscent of carefree days tearing around California sand dunes, tapping a ...

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• 4 March

  Aston Martin falls as Brexit hurts UK sales

  

  Bloomberg Aston Martin fell the most since its controversial initial public offering (IPO) last year as the luxury carmaker said some UK and European buyers are delaying purchases amid uncertainty around Brexit. The stock dropped as much as 18 percent and was trading 17 percent lower at 1,138.6 pence in London. That’s less than two-thirds of the 19-pound price at ...

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• 4 March

  Cohen reminds us Trump probes are far from over

  

  We were reminded of an explosive political fact this week: The investigations of President Donald Trump’s activities won’t end when special counsel Robert Mueller presents his report to the Justice Department. They’ll move into a new and potentially more divisive phase. “The congressional investigative effort will be ongoing. It will continue through 2020, and beyond if Trump wins re-election and ...

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• 4 March

  Hong Kong property roars back

  

  Hong Kong property is coming back. After declining about 10 percent since August, home prices have started rising again. The world’s least affordable housing market may even be prepping for another boom. Green shoots have included increased viewings at project sales and revived interest in government land auctions, with a plot in the northern New Territories selling for a higher ...

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• 4 March

  Blame hubris for Jaguar Land Rover’s misfire

  

  How the mighty have fallen. The Tata Group is exploring options for its iconic Jaguar Land Rover Automotive Plc unit including a stake sale or finding a venture partner to jointly develop cars and lower costs, P R Sanjai, Ruth David, Tommaso Ebhardt and David Welch of Bloomberg News wrote, citing people familiar with the matter. At the rate Jaguar ...

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• 4 March

  Corbyn, bring on that second Brexit vote

  The Labour Party’s sudden shift on Brexit isn’t definitive and settles nothing – but in this endless saga of ruinous incompetence, it counts as a hopeful development. After dithering for months, Jeremy Corbyn has said he and his party will support a second referendum to avoid what he calls “a damaging Tory Brexit.” About time. But it isn’t just a ...

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• 4 March

  China’s borrowers have an $890 billion problem

  

  Chinese industrial borrowers are strapped for cash, as billions of dollars of debt come due this year. The ones that benefited from Beijing’s largess should be most worried. Issuers are on the hook for more than 6 trillion yuan ($890 billion) in 2019, up 15% from a year earlier. Companies in sectors including mining and materials, capital goods and real ...

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• 4 March

  India’s economy fell in with a bad crowd

  

  India isn’t keeping the best company. When Reserve Bank of India (RBI) officials reviewed the global economy at February’s meeting, they ticked off a list of major emerging markets that had struggled: China, Russia, Brazil and South Africa all got a must-do-better grade. Disappointing numbers mean policy makers can add one closer to home: India itself. Gross domestic product rose ...

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