Breakingviews - Capital Calls: Baidu hits its AI stride reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Breakingviews
By Reuters Staff
2 Min Read
SF Express courier boxes are displayed in this illustration photo at the company s headquarters in Shenzhen, China November 5, 2015. REUTERS/Bobby Yip
HONG KONG (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. -
BOXED GOODS. SF Holding’s $2 billion delivery deal packs a big punch. The $75 billion Shenzhen-listed company is buying a 51.8% stake in Malaysian tycoon Robert Kuok’s Kerry Logistics Network. Minority shareholders get a decent premium, while the buyer adds a fast-growing Southeast Asia business to its ambitious international expansion plans.
As part of the deal, Kerry will offload to its parent a Taiwan unit and some warehouses. Proceeds from the latter will fund a special dividend. In total, those selling will receive HK$26.08 per share, 60% above the stock’s average price in January.
1 Min Read
HONG KONG (Reuters Breakingviews) - A Joe Biden-Xi Jinping reset will be unsatisfying; China’s economic revival will frustrate critics; Southeast Asia will be the next tech hot spot; HSBC will retreat from America; and Hong Kong’s exchange will rethink deals. Pete Sweeney, Jennifer Hughes and Robyn Mak discuss.
- This is a Breakingviews prediction for 2021. To see more of our predictions, click here
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.
9 Min Read
MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
LATEST
- Private jets set
HIGH-FLYERS. Private equity firm Blackstone is betting that plutocrats will be back in the air before the rest of us. Shares in London-listed Signature Aviation – which provides fuelling and ground services to private jets and charter flights – jumped by 40% on Thursday after it revealed Steve Schwarzman’s firm made a $4.3 billion cash takeover offer. A proposal from a rival investment fund, Global Infrastructure Partners, was rejected.
9 Min Read
MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
LATEST
- Private jets set
HIGH-FLYERS. Private equity firm Blackstone is betting that plutocrats will be back in the air before the rest of us. Shares in London-listed Signature Aviation – which provides fuelling and ground services to private jets and charter flights – jumped by 40% on Thursday after it revealed Steve Schwarzman’s firm made a $4.3 billion cash takeover offer. A proposal from a rival investment fund, Global Infrastructure Partners, was rejected.