Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
［香港 ２７日 ロイター BREAKINGVIEWS］ - 香港は、新たな道を進まなければならない。この香気あふれる港町は長年、世界の貿易や金融など多くの面で、中国の窓口となってきた。
HONG KONG, June 26 Takata’s failure is remodelling the auto-safety industry. The Japanese group has filed for bankruptcy protection in the United States and Japan, citing more than $10 billion of liabilities related to lethal airbags. This is a big opportunity for smaller rival Key Safety Systems, a Chinese-owned American brand which agreed in principle to buy most of the business for $1.6 billion.
HONG KONG Takata’s failure is remodelling the auto-safety industry. The Japanese group has filed for bankruptcy protection in the United States and Japan, citing more than $10 billion of liabilities related to lethal airbags. This is a big opportunity for smaller rival Key Safety Systems, a Chinese-owned American brand which agreed in principle to buy most of the business for $1.6 billion.
HONG KONG - Nosebleed prices on Asian buyouts leave little room for error. The region is awash with private-equity money. Yet big targets are relatively scarce. Acquisitions, especially in ultra-pricey China, will only work out for the buyers if companies can grow fast, and market multiples hold up, for years to come – an unlikely combination.
HONG KONG (Reuters Breakingviews) - The drama at Anbang Insurance Group could be a coda to China’s M&A craze. Late on Tuesday, the acquisitive Chinese outfit said its Chairman Wu Xiaohui was temporarily unable to fulfil his duties for personal reasons. The New York Times and China’s Caijing magazine, both citing sources, said he had been detained. Decoding what is happening where mainland business meets politics is never straightforward. Still, one way to read this is as a further sign that Beijing is fed up with splashy foreign dealmaking.
HONG KONG (Reuters Breakingviews) - The hedge-fund industry has a miserable message for Hong Kong. The latest annual Sohn Hong Kong fundraiser heard a wide range of investment pitches, but when it came to the host city, two of the three were short-selling takedowns. And many local shares sold off beforehand on fears they could be targets. That is hardly a vote of confidence in efforts to clean up the market.
HONG KONG (Reuters Breakingviews) - Noble Group must convince its lenders to give it more time. The struggling Asian commodity trader desperately needs to extend a $2 billion credit line this month. But credit and equity investors are betting the company's debts are probably unmanageable, and a bankruptcy filing or some similarly painful fix is likely.
HONG KONG (Reuters Breakingviews) - Yusaku Maezawa has a tech fortune to spray around. The art-collecting entrepreneur recently paid $111 million for an untitled 1982 Jean-Michel Basquiat painting, one of the biggest sums ever spent on contemporary art. That throws a spotlight on his fashion e-tailer, Start Today, which is the means to his end.
HONG KONG (Reuters Breakingviews) - HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia’s few sizeable independent asset managers, says Bloomberg. If HNA wants to connect Chinese investors with the wider world, this could be useful.
HONG KONG (Reuters Breakingviews) - Can you have vision without clarity? When it comes to SoftBank boss Masayoshi Son, it seems the answer is yes. The Japanese maverick has unveiled the first close of his $100 billion technology fund, rustling up $93 billion in seven months: an unprecedented sum, raised in a very short space of time. If he can deploy that to find more gems like Alibaba , his most successful investment, this may turn into a bonanza for SoftBank investors. But for now he is keeping them in the dark on crucial details.