Clik here to view.
Asian fight against capital flight helps dollar
The region’s central banks fear foreign capital will flee when U.S. rates start rising. They hope higher rates at home will stem the flow. But domestic investment dips when interest costs rise. The...
View ArticleClik here to view.
China’s world bank has rickety foundations
The country’s patchy record of funding big projects at home and abroad hasn’t deterred Western countries from rushing to join its new Asian infrastructure bank. To lure private capital, the body will...
View ArticleClik here to view.
The Devil’s Dictionary of Post-Crisis Finance
Ambrose Bierce wrote “The Devil’s Dictionary” a century ago, ranging acerbically across government, commerce and life. Breakingviews’ original re-use of the form for finance – in 2007, when the...
View ArticleClik here to view.
Oprah’s diet-firm stake plumps up her pocketbook
The American talk-show queen is taking a 10 pct stake in Weight Watchers for $43 mln. By investing with her appetite, she follows in the footsteps of Warren Buffett, Victor Kiam and 50 Cent. Swapping...
View ArticleClik here to view.
New Chicago Skyway owners need long investing view
Ferrovial and Macquarie paid $1.8 bln in 2005, $1 bln more than the next bid. Now three Canadian pension funds are buying the Windy City turnpike for $2.8 bln. Thanks to extra debt, the sellers won’t...
View ArticleClik here to view.
CalPERS gets what it pays for from private equity
The U.S. pension giant revealed that $24.2 bln of net gains from the asset class over 25 years came at the cost of $3.4 bln in so-called carried interest for fund managers. Private equity is pricey...
View ArticleClik here to view.
Arab sovereign wealth fund exodus just beginning
Oil-dependent Gulf sheikhdoms need money to shore up their budgets. They’ll hold on to trophy assets like stakes in VW or Barclays for as long as possible. But if the price of crude keeps sliding to...
View ArticleClik here to view.
Das wasted Kapital: a tale of German inefficiency
German consumers are among Europe’s most avid savers, but earn abysmally low returns on their investments. Poor portfolio choices, driven by excessive risk aversion, have dented real household wealth...
View ArticleClik here to view.
New index puts long-term investors to useful test
Fund heavyweights, including Canada’s CPP and GIC of Singapore, are committing $2 bln to round up some 250 stocks that meet higher standards of corporate governance and profitability. Alphabet and...
View ArticleClik here to view.
Investment acronyms shift from optimism to angst
BRICS has been buried. Just as well: it was a “Bloody Ridiculous Investment Concept”. Now VIIPs and TICKs vie to take its place. But searching for groups of vibrant economies jars with the gloomy...
View Article
