• Consumer prices are picking up in developed and emerging economies alike. But central bankers in the latter don’t have the luxury of waiting to see if this is a temporary phenomenon, writes @swahapattanaik Link @ReutersFlasseur https://t.co/TdZZbu4n5W
    ReutersBreakingviews Thu 16 Sep 2021 14:31

    Central banks’ reactions to rising prices come in three steps, BNP Paribas reckons: denial, acceptance, and action. Brazil and Chile are further along, having hiked rates quickly as pressures mounted. Investors will prefer them to countries stuck in the first stage, like Turkey.

  • Consumer prices are picking up in developed and emerging economies alike. But central bankers in the latter don’t have the luxury of waiting to see if this is a temporary phenomenon, writes @swahapattanaik Link @ReutersFlasseur https://t.co/4ISiljFW36
    ReutersBreakingviews Thu 16 Sep 2021 14:26

    Central banks’ reactions to rising prices come in three steps, BNP Paribas reckons: denial, acceptance, and action. Brazil and Chile are further along, having hiked rates quickly as pressures mounted. Investors will prefer them to countries stuck in the first stage, like Turkey.

  • Emerging economies face stages of inflation grief - @swahapattanaik - Link
    ReutersBreakingviews Thu 16 Sep 2021 14:26

    Central banks’ reactions to rising prices come in three steps, BNP Paribas reckons: denial, acceptance, and action. Brazil and Chile are further along, having hiked rates quickly as pressures mounted. Investors will prefer them to countries stuck in the first stage, like Turkey.

  • Watch: Italy’s Amplifon is gearing up to become the EssilorLuxottica of ears, @LJucca tells @rob1cox on the latest edition of Breakout Link https://t.co/S79N7TiPcR
    ReutersBreakingviews Thu 16 Sep 2021 12:51

    Posted

    Investing in listening devices for the elderly may not sound sexy. Yet shares in Amplifon, founded by a former British spy in 1950 and worth $11 billion, have more than tripled in the past five years, outperforming Amazon and Facebook. Lend an ear to Lisa Jucca to find out why.

  • Shares of On, a Swiss sneaker maker backed by Roger Federer, soared 50% on debut, valuing the running-shoe maker at $11 billion. Yet it may be priced for a sprint, not a marathon, says @KarenKKwok: Link
    ReutersBreakingviews Thu 16 Sep 2021 12:06

    Shares of On, backed by the tennis legend, soared 50% on debut, valuing the running-shoe maker at $11 bln. Rapid sales growth supports the steep valuation. But On has plenty of rivals, and its early success in China may fall foul of Beijing’s hostility to foreign brands.

  • Gallic raider Vincent Bolloré may buy publisher Lagardere for 4.6 billion euros. His Vivendi can make a healthy return, while CEO Arnaud Lagardere at least gets to come along for the ride, says @CGAThompson Link
    ReutersBreakingviews Thu 16 Sep 2021 12:06

    Gallic raider Vincent Bolloré may buy publisher Lagardere for 4.6 bln euros, ending a battle for control of the Paris Match owner also involving LVMH boss Bernard Arnault. His Vivendi can make a healthy return, while CEO Arnaud Lagardere at least gets to come along for the ride.

  • Podcast: China’s crackdown on Ant continues, but there may be silver linings, @mak_robyn tells @petesweeneypro. Plus: @dasha_reuters explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common. Listen here Link https://t.co/ttOEyls4Oh
    ReutersBreakingviews Thu 16 Sep 2021 11:41

    LONDON, Sept 16 (Reuters Breakingviews) - Beijing’s crackdown on Jack Ma’s fintech giant continues, but there may be some silver linings to the latest wrinkle, Robyn Mak tells Pete Sweeney. Meantime Dasha Afanasieva explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common.

    Listen to the podcast

    Follow @rob1cox on Twitter

  • Watch: Investing in listening devices for the elderly may not sound sexy. Yet shares in Amplifon have more than tripled in the past five years. Lend an ear to @LJucca on Breakout to find out why Link https://t.co/Jc086IdD1D
    ReutersBreakingviews Thu 16 Sep 2021 11:36

    Posted

    Investing in listening devices for the elderly may not sound sexy. Yet shares in Amplifon, founded by a former British spy in 1950 and worth $11 billion, have more than tripled in the past five years, outperforming Amazon and Facebook. Lend an ear to Lisa Jucca to find out why.

  • Shares of the Roger Federer-backed Swiss sneaker maker, On, popped 50% on debut in New York, giving it an $11 billion valuation. With stiff competition and potential political headwinds in China, it may be priced for a sprint, not a marathon. @KarenKKwok Link
    ReutersBreakingviews Thu 16 Sep 2021 11:11

    LONDON, Sept 16 (Reuters Breakingviews) - On (ONON.N) has burst out of the IPO blocks at a blistering pace. Shares of the Roger Federer-backed Swiss sneaker company popped 50% on debut in New York on Wednesday, giving it an $11 billion valuation. With plenty of rivals on its heels and potential political headwinds in China, it may be priced for a sprint, not a marathon.

    The tennis maestro bought a stake in the 11-year-old company two years ago. Since then, its track record is stellar, powered mainly by the pandemic boom in running. Sales have grown 60% a year, and the pace may have picked up even more this year - revenue in North America, On’s biggest market, doubled from a year ago in the first six months.

    That said, an $11 billion valuation, equivalent to 13 times On’s expected sales of about $800 million this year, looks like an overstretch. Sports behemoth Nike (NKE.N), currently worth $249 billion, trades on a lowly 5 times this year’s sales. Meanwhile $54...

  • Vincent Bolloré gives coup de grâce in French tycoon spat Link @CGAThompson
    ReutersBreakingviews Thu 16 Sep 2021 11:06

    Gallic raider Vincent Bolloré may buy publisher Lagardere for 4.6 bln euros, ending a battle for control of the Paris Match owner also involving LVMH boss Bernard Arnault. His Vivendi can make a healthy return, while CEO Arnaud Lagardere at least gets to come along for the ride.

  • Roger Federer-backed sneaker company On has burst out of the IPO blocks at a blistering pace. Link @KarenKKwok
    ReutersBreakingviews Thu 16 Sep 2021 11:06

    Shares of On, backed by the tennis legend, soared 50% on debut, valuing the running-shoe maker at $11 bln. Rapid sales growth supports the steep valuation. But On has plenty of rivals, and its early success in China may fall foul of Beijing’s hostility to foreign brands.

  • What do a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common? And does China's tech crackdown offer a silver lining for Jack Ma's Ant? Listen to our podcast with @rob1cox @dasha_reuters @mak_robyn @petesweeneypro Link https://t.co/bqwaBemoa1
    ReutersBreakingviews Thu 16 Sep 2021 10:36

    LONDON, Sept 16 (Reuters Breakingviews) - Beijing’s crackdown on Jack Ma’s fintech giant continues, but there may be some silver linings to the latest wrinkle, Robyn Mak tells Pete Sweeney. Meantime Dasha Afanasieva explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common.

    Listen to the podcast

    Follow @rob1cox on Twitter

  • Ryanair throws down consolidation gauntlet Link
    ReutersBreakingviews Thu 16 Sep 2021 10:31

    LONDON, Sept 16 (Reuters Breakingviews) - Michael O’Leary is cranking up the mind-games. A week after easyJet (EZJ.L) asked shareholders for 1.2 billion pounds to bolster its balance sheet and revealed a spurned takeover approach, the chief executive of arch-rival Ryanair (RYA.I) is laying out his plans for domination of Europe’s skies. The Irishman on Thursday raised his long-term passenger forecasts by 12.5%, predicting 225 million “guests” a year by 2026, compared to 149 million in the year before the pandemic. Citi analysts reckon that will take Ryanair’s market share to 20% from 13% two years ago.

    That puts the spotlight on 5 billion euro easyJet and slightly larger rival Wizz Air (WIZZ.L), widely reported to be easyJet’s mystery suitor. With Ryanair on a charge, there’s more pressure on the pair to join forces. That might even be to O’Leary’s advantage. Wizz’s ultra-low-cost model is at odds with easyJet’s slightly plusher offering. A merger could make Wizz less...

  • Pricey private equity IPO rides road and rail boom - @CGAThompson - Link
    ReutersBreakingviews Thu 16 Sep 2021 10:16

    French Infrastructure boutique Antin is raising 550 mln euros in Paris. It’s a chance to profit from Europe and America’s plans to boost investment, though closely held shares mean investors only get a passenger seat. Stellar growth is needed to justify a 4 bln euro valuation.

  • China’s crackdown on Ant continues, but there may be silver linings @mak_robyn tells @petesweeneypro. Plus @dasha_reuters explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common. Listen to the podcast Link https://t.co/xGqVFGco98
    ReutersBreakingviews Thu 16 Sep 2021 09:56

    LONDON, Sept 16 (Reuters Breakingviews) - Beijing’s crackdown on Jack Ma’s fintech giant continues, but there may be some silver linings to the latest wrinkle, Robyn Mak tells Pete Sweeney. Meantime Dasha Afanasieva explains what a cigar spinoff at Swedish Match and carveouts at Royal DSM have in common.

    Listen to the podcast

    Follow @rob1cox on Twitter

  • Biotech upstart Prenetics is set to go public in a $1.7 bln merger with a blank-cheque firm. Demand for virus test kits at airports and homes has boosted sales, but that is unlikely to last, says @mak_robyn: Link https://t.co/XJHZiNv6uS
    ReutersBreakingviews Thu 16 Sep 2021 05:00

    Biotech upstart Prenetics is set to go public in a $1.7 bln merger with a blank-cheque firm. Demand for virus test kits at airports and homes has boosted sales, but that is unlikely to last. Growth will depend on new technologies and habits in a post-pandemic world.

  • Hong Kong unicorn bets on positive Covid results - @mak_robyn - Link
    ReutersBreakingviews Thu 16 Sep 2021 04:25

    Biotech upstart Prenetics is set to go public in a $1.7 bln merger with a blank-cheque firm. Demand for virus test kits at airports and homes has boosted sales, but that is unlikely to last. Growth will depend on new technologies and habits in a post-pandemic world.

  • Following a stock rally as fiery as the “baijiu” liquor it brews, Kweichow Moutai has lost nearly 40% of its market capitalisation this year. Fresh regulatory scrutiny and a new state-picked chairman only hurt the case for a top-shelf valuation: @ywchen1 Link https://t.co/NxNTvKRs3i
    ReutersBreakingviews Thu 16 Sep 2021 02:30

    After a stock rally as fiery as its liquor, the Chinese distiller has lost some $200 bln of market value since February. The industry is facing fresh regulatory scrutiny, which could keep prices flat. A new state-picked chairman also builds a case against the top-shelf valuation.

  • Getting Teslas on the road in India would be a flashy boost to the country’s goal of rapidly electrifying its car market. But New Delhi can afford to resist granting boss Elon Musk a shortcut to his desired destination: Link @ugalani https://t.co/5Ce5RsIGJl
    ReutersBreakingviews Thu 16 Sep 2021 02:30

    MUMBAI, Sept 16 (Reuters Breakingviews) - Getting Teslas (TSLA.O) on the road in India would be a flashy boost to the country’s goal of rapidly electrifying its car market. But New Delhi can afford to resist granting boss Elon Musk a shortcut to his desired destination.

    Camouflaged Teslas have been spotted on Mumbai roads in recent weeks as the company won approval to sell four models in India. At present, it can only import them, with eye-watering tariffs as high as 100%. Musk wants the government to lower the levy, dangling the prospect of building a factory in India if there’s sufficient demand.

    A factory based on Tesla’s current range seems a stretch. The starting price for its cheapest vehicle, the Model 3, is 235,900 yuan ($36,506) in China, where the company has a factory. That’s several times the average cost of a car in India and on the cusp of the luxury category which has barely a 1% share of a relatively small market: Overall passenger-car sales in India...

  • Kweichow Moutai will take longer to sober up - @ywchen1 - Link
    ReutersBreakingviews Thu 16 Sep 2021 02:25

    After a stock rally as fiery as its liquor, the Chinese distiller has lost some $200 bln of market value since February. The industry is facing fresh regulatory scrutiny, which could keep prices flat. A new state-picked chairman also builds a case against the top-shelf valuation.

  • RT @Reuters: Amazon’s wage hike could complicate the Fed’s job, and consumer prices rose 5.3% in August. Both may be a sign that higher inf…
    ReutersBreakingviews Thu 16 Sep 2021 01:35
  • RT @Reuters: From @Breakingviews: Australian fossil-gas giant Santos seems in no hurry to slash emissions as the company's boss aims to boo…
    ReutersBreakingviews Thu 16 Sep 2021 01:35
  • RT @ReutersBiz: From @Breakingviews: Australian fossil-gas giant Santos seems in no hurry to slash emissions as the company's boss aims to…
    ReutersBreakingviews Thu 16 Sep 2021 01:35
  • RT @Reuters: From @Breakingviews: An Australian gas giant is courting a climate-pledge disaster, says @AntonyMCurrie Link
    ReutersBreakingviews Thu 16 Sep 2021 01:35

    Posted

    Aussie driller Santos’ pledge for net-zero emissions is being challenged by activists in court as greenwashing. The company is relying on unproven technology that wouldn’t kick in until the 2030s. Other fossil-fuel firms could follow it into the dock, explains Antony Currie.

  • RT @Reuters: From @Breakingviews: @AntonyMCurrie explains why Australian natural gas giant Santos will have to persuade a court about the a…
    ReutersBreakingviews Thu 16 Sep 2021 01:35
S&P500
VIX
Eurostoxx50
FTSE100
Nikkei 225
TNX (UST10y)
EURUSD
GBPUSD
USDJPY
BTCUSD
Gold spot
Brent
Copper
Last update . Delayed by 15 mins. Prices from Yahoo!

  • Top 50 publishers (last 24 hours)