HONG KONG (Reuters Breakingviews) - SoftBank’s many investments can be hard to see clearly. The nearly $100 billion Vision Fund, backed by Saudi Arabia’s Public Investment Fund, held 38 stakes at the end of September. Some of the biggest and best-known weren’t among them. Following these deals creates a blur.
HONG KONG (Reuters Breakingviews) - Elon Musk is finally getting his adult supervision. Robyn Denholm, finance chief at Australian telecom operator Telstra, will move from her boardroom seat at Tesla to the head of the table – and oversee the $60 billion electric-car maker's erratic chief executive full-time. She will have to get tougher, though.
HONG KONG (Reuters Breakingviews) - The pollsters got it more or less right this time. The Democrats will run the U.S. House of Representatives, securing a majority of the 435 seats in Tuesday’s midterm elections, according to news networks projections. With the Republicans keeping control of the Senate, though, Democrats will need political smarts to avoid being painted as the new obstructionists.
NEW YORK (Reuters Breakingviews) - Canada’s former prime minister, in office through the financial meltdown a decade ago, is an advocate for conservative politics with a small “c.” He talked to Breakingviews about the revamped NAFTA, Donald Trump’s standoff with China and the pros and cons of the loonie.
NEW YORK (Reuters Breakingviews) - “Capitalism in America: A History” tells a great story at pace. Its 450-odd pages are packed with observations about entrepreneurs, organized corporations, robber barons, the benefits businesses can bring societies and their owners and how governments interact with companies. Former Federal Reserve Chairman Alan Greenspan and Adrian Wooldridge of The Economist have penned a lively yarn, replete with quirky and breathtaking details.
NEW YORK (Reuters Breakingviews) - Blind faith in U.S. stocks may be giving way to the facts on the ground. A slump overnight slowed on Thursday, partly thanks to a tame U.S. inflation report. Yet American equity valuations are high, trade tensions and interest rates are rising, and earnings season is under way. There’s plenty for investors to react to.
NEW YORK (Reuters Breakingviews) - Trade barriers aren’t the only villain in town. Tensions over tariffs and pacts like the North American Free Trade Agreement have dominated recent economic headlines. But Thursday’s triple-whammy of news about cyber hacking gives justified prominence to what may be an even bigger threat to global growth and prosperity.
NEW YORK (Reuters Breakingviews) - Anyone who has held shares in American International Group since the end of 2007 is still nursing a 95 percent stock-price loss. That’s even worse than fellow crisis basket case Citigroup. The insurer is, arguably, finally emerging from a lost decade after receiving a controversial $182 billion U.S. government bailout in 2008. But investors remain wary.
NEW YORK (Reuters Breakingviews) - Apple is so nearly there. Becoming the first publicly traded company with a market value of $1 trillion is a tantalizing prospect. But it’s really just a number.
LONDON (Reuters Breakingviews) - It has not been Theresa May’s week. Having corralled her cabinet into agreement on a softened Brexit strategy last weekend, two senior ministers noisily quit. Then on Thursday Donald Trump overshadowed the early pageantry of his visit to the United Kingdom with an interview in the Sun newspaper. The U.S. president tore into the British prime minister’s plans for leaving the European Union and praised Boris Johnson, one of the ministers who resigned, among much else. So it’s a crumb of comfort that May can at least claim her country has a soft-power edge over the United States – for now.