Capital Calls: South Korean deals tell tall tales

Capital Calls: South Korean deals tell tall tales
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)New co-CEOs of Kakao Corp Yeo Min-soo and Joh Su-yong attend a news conference in Seoul, South Korea, March 27, 2018. REUTERS/Kim Hong-Ji HONG KONG (Reuters Breakingviews) - Concise insights on global finance.-----------------------------------------------SERIAL ACQUIRERS. Two South Korean web giants are embarking on their… Read More

Capital Calls: Meredith flips the switch on TV

Capital Calls: Meredith flips the switch on TV
Sony's first color TV set KV-1310 is displayed at Sony's history museum in Tokyo February 23, 2012. REUTERS/Kim Kyung-Hoon Concise insights on global finance.-----------------------------------------------TIME ON ITS HANDS. Meredith (MDP.N) has agreed to sell 17 local U.S. TV stations to Gray Television (GTN.N) for $2.7 billion in cash, about 10 times the assets' adjusted EBITDA. It's… Read More

Capital Calls: Sage vs. spice

Capital Calls: Sage vs. spice
The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/IllustrationConcise insights on global finance.-----------------------------------------------OLD BRO VS. NEW BRO. The Robinhood Markets founders must feel as if they have arrived. The retail-trading app’s name got tossed around at Warren Buffett’s annual Berkshire Hathaway (BRKa.N) gathering over the weekend, with… Read More

Olympics-Swimmer calls for expulsion of junta-led Myanmar from Games

Olympics-Swimmer calls for expulsion of junta-led Myanmar from Games
MELBOURNE, May 3 (Reuters) - A leading Myanmar swimmer has called for an international boycott of his country’s Olympic committee, branding it a “puppet” of the southeast Asian nation’s military rulers.Australia-based Win Htet Oo said he had given up his dream of swimming at the Tokyo Olympics in protest at the junta which seized power… Read More

Capital Calls: Reliance spotlights a troubled consumer

Capital Calls: Reliance spotlights a troubled consumer
A woman walks past an apparel store of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni Concise insights on global finance.-----------------------------------------------SHALLOW POCKETS. Reviving Indian consumption will be hard if management commentary and results from Reliance Industries are any indication. Foot traffic at the conglomerate’s grocery, fashion and electronics stores recovered to 88%… Read More

Capital Calls: Ares throws down gauntlet in private credit arena

Capital Calls: Ares throws down gauntlet in private credit arena
A man counts U.S. dollar banknotes in Beirut, Lebanon, March 23, 2021.Concise insights on global finance.-----------------------------------------------ART OF WAR. Ares Management (ARES.N) is upping the ante in the booming market for private credit. The asset manager that oversees $197 billion has just raised 11 billion euros for a fund that will lend directly to European medium-sized… Read More

Capital Calls: Counter-espionage push impacts China Inc overseas

Capital Calls: Counter-espionage push impacts China Inc overseas
The Chinese national flag is seen in Beijing, China April 29, 2020. Concise insights on global finance.-----------------------------------------------EVERY BREATH YOU TAKE. China rolled out new anti-espionage regulations this week to prevent foreign spies from infiltrating the country’s companies. These, report state media, will entail putting pressure on businesses in sectors including “national defense, diplomacy, economy, finance… Read More

Capital Calls: When rebranding turns into Abrdn

Capital Calls: When rebranding turns into Abrdn
The offices of Standard Life Aberdeen in Saint Andrew Square Edinburgh, Scotland, Britain February 15, 2019.Concise insights on global finance.-----------------------------------------------ABERDEEN ANGUISH. When a company is already called Standard Life Aberdeen (SLA.L), it’s hard to come up with a worse brand. So hats off to the 6 billion pound asset manager for belatedly following the “disemvoweling”… Read More

Capital Calls: ESG handcuffs

Capital Calls: ESG handcuffs
Concise insights on global finance in the Covid-19 era.------------------------------------------------INCARCERATION ARBITRAGE. Running prisons for profit raises moral questions. That makes companies like CoreCivic (CXW.N) and GEO (GEO.N) and their financiers fair game for environmental, social and governance activists . Barclays (BARC.L) has discovered that the opprobrium isn’t easily avoided, even when there are a couple of… Read More