July, 2016

• 20 July

  The only way to prevent lone wolf attacks

  

    Recent high-profile terror attacks pose a new challenge for police and intelligence services. All seem to be the work of lone wolf actors. Yet police and intelligence services, by the nature of their work, target groups. It’s possible to adjust that focus, but that would require Western societies to make an important trade-off. On Monday, a 17-year-old Afghan asylum ...

  Read More »
• 20 July

  Not-so-young Netflix has a growth problem

  

    At some point, everyone knew, Netflix’s subscriber growth in the U.S. had to slow down. The company’s video-streaming service is nearing market saturation among its core demographic — affluent young-to-middle-aged people — meaning further gains will be harder to come by. Still, it was a bit of a shock for investors to learn from Monday’s earnings report that Netflix ...

  Read More »
• 20 July

  Bad moods are the other global migration problem

    The unsettling reality of today’s world is that a bad mood can move readily from one country to another, even when events on the ground call for moderation or optimism. Or in the language of financial economics, emotional and ideological contagion is becoming a more important source of systemic risk. The spread of revolutions during the Arab Spring showed ...

  Read More »
• 20 July

  European banks may need $517bn of loss-absorbing funds

  

    Bloomberg European banks need to sell hundreds of billions of euros in loss-absorbing liabilities over the next few years to meet European Union rules designed to protect taxpayers from the cost of bank failures. The European Banking Authority estimates as much as 470 billion euros (US$517 billion) of financing is needed under the most conservative assumptions for what qualifies ...

  Read More »
• 20 July

  Nordea CEO reaches turning point as outlook improves

    Bloomberg Nordea Bank AB expects pressure on its lending income to abate as Chief Executive Officer Casper von Koskull predicts the rest of the year will show an improvement in the bank’s results. “Despite low growth and turbulent financial markets, revenues are holding up well,” Chief Executive Officer Casper von Koskull said in the statement. “Margin pressure in net ...

  Read More »
• 20 July

  Deutsche Bank sees UK passport loss

  

    BLOOMBERG Deutsche Bank AG expects the UK to lose its ‘passporting’ rights, which allows banks to sell their services in the European Union, after the country voted to leave the trade bloc, Business Insider reported, citing an internal document. In the confidential note prepared for a July 5 board meeting, Deutsche Bank sees a “first-mover advantage” because a “synchronised ...

  Read More »
• 20 July

  Skye Bank gains on report power firm may pay debts

  

    Bloomberg Skye Bank Plc, whose top management was replaced by regulators this month, surged for a second day following a report that a major debtor reached an agreement that may help it repay the Nigerian lender. The stock closed up 9.1 percent to 72 kobo in Lagos, the best performer on the 171-member Nigerian Stock Exchange All-Share Index. Almost ...

  Read More »
• 20 July

  Top court boosts EU stance in Italian bank bail-in talks

  

    Bloomberg The European Union’s top court backed EU guidelines designed to prevent taxpayers from footing the bill for bailing out stricken lenders, strengthening the hand of Brussels regulators as Italy fights to shield some bondholders caught up in the nation’s banking crisis. Tuesday’s decision is a show of support for the European Commission, which updated its crisis rules for ...

  Read More »
• 20 July

  Riding on cost cuts, United beats estimates

  

    Bloomberg United Continental Holdings Inc.’s second-quarter profit exceeded analysts’ estimates as lower fuel and operating costs overcame weak fares. Adjusted earnings of $2.61 a share beat the $2.56 average of analyst estimates. United said that it plans to trim growth for 2016 and now sees full-year capacity increasing no more than 1.5 percent from last year, compared with the ...

  Read More »
• 20 July

  Consumers in shock as Russians skimp on food

  

    Bloomberg With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen. Billionaire Sergey Galitskiy’s retailer, which operates almost 13,000 outlets in Russia, said the average purchase has fallen ...

  Read More »