Breakingviews - Capital Calls: China chokes its vaping startups
Concise insights on global finance in the Covid-19 era.
Breakingviews
Breakingviews - China's Quora haunted by own existential question
China’s answer to Quora has some hard questions to answer. Ten years into the business, Zhihu, the country's largest online Q&A forum, is seeking a $6.4 billion valuation in New York, raising over $800 million through an initial public offering plus private placements to strategic investors. The company narrowed losses and doubled revenue last year thanks to an aggressive membership push. But its business model makes the price look expensive.
Breakingviews - Breakdown: Carbon border tax isn’t about carbon
The idea of a carbon border tax is gaining ground in the European Union and the United States. It looks like a win in the fight against climate change. But such policies could also level the playing field between countries where it’s costly for companies to operate, and countries where it’s cheap – helping rich countries to retain jobs and investment.
Breakingviews - New BaFin boss adds teeth to watchdog’s turnaround
BaFin’s new boss can deliver a jolt to its turnaround. The German government has proposed weak reforms to the financial watchdog, which is reeling from scandals like Wirecard. But its willingness to hire an outsider in Mark Branson, who currently runs Swiss regulator FINMA, offers the hope of much-needed cultural change.
Breakingviews - Capital Calls: Happiness survives the crisis
Concise insights on global finance in the Covid-19 era.
Breakingviews - Capital Calls: Black’s stamp lingers beyond Apollo
Concise insights on global finance in the Covid-19 era.
Breakingviews - Banks’ climate pledges suffer from water scarcity
World Water Day on Monday should be right up the finance industry’s canal. This year’s theme dives into how to value the resource, from equality of access to cultural issues. But the opportunity to address water’s financial worth is one Wall Street and its brethren ought not to let float by.
Breakingviews - Aramco’s next share offer is just as hard a sell
Mohammed bin Salman’s market comeback is a bit closer. Saudi Arabia’s crown prince said in January he would consider selling another chunk of shares in Saudi Aramco. Annual results from the $1.9 trillion oil giant, released on Sunday, give a chance to assess what’s on offer.
Breakingviews - Capital Calls: Deliveroo orders up fat valuation
Concise insights on global finance in the Covid-19 era.
Breakingviews - Blackstone’s Aussie gamble may tempt more players
Blackstone’s gamble Down Under may tempt more players. An opportunistic $6.2 billion bid for Australia’s Crown Resorts could encourage others like Las Vegas Sands to try their luck. That’s not a huge problem: a knockout price from a rival could hand the U.S. buyout group a rewarding exit on its existing stake.
About Breakingviews
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at http://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.