Reuters Breakingviews

Dour US employment data raises stakes for the Fed A shock initial estimate of 92,000 job losses in February ​casts a pall over ​a once seemingly resilient labor market. ⁠Incoming central bank chief ​Kevin Warsh may now be ​stuck between Iran war-indu...

Dour US employment data raises stakes for the Fed - tinyurl.com/wwaxc9pp @gaberubin.bsky.social

Toyota will be biggest winner in $8 bln chip deal Japan's Denso, ‌a major supplier to the auto giant, is in talks to acquire chipmaker Rohm. The ​strategic rationale is unclear and financial ​returns look meagre. But a deal ⁠allows Toyota to tighten ...

Toyota will be biggest winner in $8 bln chip deal - www.breakingviews.com/columns/brea...

Markets’ Iran base case looks like a best case Oil prices in the ‌mid-$80s a barrel suggest investors expect a swift end to US and Israeli attacks. That ​only makes sense if a post-conflict ​Iran is stable. Given the likelihood ⁠of continuing rule...

Markets’ Iran base case looks like a best case - www.breakingviews.com/columns/brea...

Iran war shakes Egyptian carry trade Upheaval in ​the Middle East has jacked up the country’s energy ‌costs and driven global investors to dump $2.6 bln of its bonds. Hot money has spent two years running a lucrative $20 bln bet on ​the ...

Iran war shakes Egyptian carry trade - www.breakingviews.com/columns/brea...

China's top economic target may be inflation Officials unveiled few new policies during their ​biggest political gathering. But ​the latest 4.5% to 5% ⁠annual growth goal, the ​most modest in decades, shows combating ​deflation is a big priority...

China's top economic target may be inflation - tinyurl.com/estdcmjd

Breakingviews - Lloyd Blankfein memoir dispels Goldman's mystique The $260 billion ​bank’s former boss ​has written an unusually ⁠frank account of his ​career. 'Streetwise' explains how ​the Wall Street firm became a global behemoth and navigated ​the 2008 crisis. ​...

Lloyd Blankfein memoir dispels Goldman's mystique - tinyurl.com/wv86cmpx

Pentagon clash exposes Anthropic's weak moat Defense ‌contractors like Lockheed Martin may drop the $380 bln startup’s models amid a federal ban. ​A rapid pivot would show that ​AI isn’t that sticky. Worse, if ⁠no truce is reached, then CEO ​Dar...

Pentagon clash exposes Anthropic's weak moat - tinyurl.com/57m4z42v

Iran conflict is fresh threat to US fiscal future Heavy military ‌spending and supply ructions will challenge a profligate government also facing a $175 bln hit ​from cancelled tariffs. Higher interest rates ​increase the risk of a sovereign ⁠debt sp...

Iran conflict is fresh threat to US fiscal future - tinyurl.com/ycy7sreh @gaberubin.bsky.social

Iran reveals stretched Trump tariff trades War in the Middle East has triggered a reversal of winners and losers ​from Donald Trump’s levies. Consumer staples ​stocks are down, as is gold, ⁠while the dollar is up ​1.3%. Regardless of whether d...

Iran reveals stretched Trump tariff trades - www.breakingviews.com/columns/brea...

Europe M&A revamp is mini remedy for scale woe Brussels wants to ease merger rules to create industrial champions. But EU intervention ​isn't the problem – it blocked ​under 1% of 4,000 or so ⁠deals it investigated in the ​past 10 years. Power str...

Europe M&A revamp is mini remedy for scale woe - www.breakingviews.com/columns/cons...

Toyota $19 bln stock unwind can tick many boxes The carmaker ‌might reduce strategic shareholdings via buybacks, bringing it a tad closer to a punchy ​returns target and marking a shift ​in the company's support of Tokyo's ⁠efficiency push. It also...

Toyota $19 bln stock unwind can tick many boxes - tinyurl.com/2hdfj28a

Breakingviews - War angst and AI hype mar Seoul's market ambitions The country's $3 ‌trln index rebounded 10% a day after a record 12% plunge, reflecting the economy's exposure ​to Iran-driven energy shocks. Yet the ​KOSPI is still a top global ⁠performer thanks to s...

War angst and AI hype mar Seoul's market ambitions
- tinyurl.com/4yw9mavz

Italy’s MPS adds governance risk to dicey M&A Luigi Lovaglio, CEO of ‌Banca Monte dei Paschi di Siena, may not be on a list of candidates for ​the new board. It comes months ​after his complex $19 bln Mediobanca takeover, ⁠and following a clash w...

Italy’s MPS adds governance risk to dicey M&A - www.breakingviews.com/columns/brea...

Gulf crisis worsens global missile supply crunch The ​UAE has used interceptors like Patriots to down ‌almost 200 Iranian salvoes. It's hard to gauge if the country and its neighbours have enough to quell sustained ​attacks. But rising missile deman...

Gulf crisis worsens global missile supply crunch - www.breakingviews.com/columns/brea...

Hormuz reopening is not solely in Trump’s gift The US president thinks ‌tanker insurance and Navy escorts will restart Strait flows. But his fleets are targets, escorts lack ships, ​and precedent suggests shipping volumes don’t ​instantly recover ...

Hormuz reopening is not solely in Trump’s gift - www.breakingviews.com/columns/brea...

India’s AI software freakout has solid foundation New tools from Anthropic ​spell uncertainty for ​the sector. The stakes are ⁠higher for India, ​where any reduction of IT ​exports could lead to rocketing inflation and a currency crisis ​for the $4 t...

India’s AI software freakout has solid foundation - tinyurl.com/3ncusw4h

Breakingviews - Hyundai Motor's robots herald hardware reboot The Tucson maker depends ‌on cars for profit, but less so for a recently enlarged $100 bln market cap. Rather, the rise ​reflects optimism in its Boston Dynamics unit ​commercialising the tech. A rena...

Hyundai Motor's robots herald hardware reboot - tinyurl.com/bdfkn4c8

Xerox prints a new twist for debt markets Aided by TPG’s credit ‌arm, the declining printer brand pulled off a tricky reshuffle, borrowing $450 mln against intellectual property and ​issuing warrants to draw debtholders into ​a haircut. Capit...

Xerox prints a new twist for debt markets - tinyurl.com/43fyyhrm

Central banks will struggle to keep cool over Iran Facing energy-led ‌inflation after the Gulf crisis, and with 2022's spiraling prices in mind, ratesetters may be ​tempted to tighten. Markets have swung ​from pricing a 40% chance of one ⁠ECB cut this...

Central banks will struggle to keep cool over Iran - www.breakingviews.com/columns/brea...

Revolut $100 bln price tag would set tough IPO bar The neobank’s investors are pushing for a share sale that could see ​it valued at $100 bln later ​this year, Bloomberg reported, while an ⁠IPO may be on the ​cards at $150 bln. Both figures ​imply chu...

Revolut $100 bln price tag would set tough IPO bar www.breakingviews.com/columns/cons... @jen-johnson.bsky.social

🎧 It’s easy to be glum about Africa as it grapples with US tariffs, cuts to aid, and climate change.

Yet Joe Studwell, author of ‘How Africa Works’, says the conditions for development are in place.

He tells @petertl.bsky.social on The Big View why he’s optimistic.

Full episode 👉 reut.rs/4l2ODW5

Breakingviews - Novo Nordisk's illness offers painful lessons The $166 ​bln Wegovy maker has ⁠effectively shed all ​its share-price gains ​from a pioneering obesity drug. The key problem: ​failing to ​build a vast supply chain ‌for ⁠a remedy that could treat 1 b...

Novo Nordisk's illness offers painful lessons www.reuters.com/commentary/b...

US government raises x-risk fears for AI Some see silicon intellects ‌as a risk to humanity. The Pentagon raises the reverse worry by stamping Anthropic a supply-chain ​threat: that humans can crush a ​chatbot lab. If access to computing ⁠po...

US government raises x-risk fears for AI - tinyurl.com/md7t8ye8

GIP power deal is $11 bln meld of capital desires The BlackRock unit is co-leading the acquisition ‌of AES, a sprawling operation overstretched between running utilities and developing power assets. It needs funds but is struggling ​to tap skeptical ...

GIP power deal is $11 bln meld of capital desires - tinyurl.com/55xd4za6 @robcyran.bsky.social

Iran chaos is issue for gas as much as oil market The black stuff is trading at $80 per barrel, suggesting traders think disruptions in the Strait of Hormuz won’t last long. That may in itself prove optimistic. But a bigger jump in European gas price...

Iran chaos is issue for gas as much as oil market - www.breakingviews.com/columns/brea... @ywchen.bsky.social

Banks’ capital steroid use warrants extra scrutiny Lenders from Barclays to BNP have struck 'risk transfer' deals covering $885 bln of loans, flattering their equity ratios. The European market could double in size. As usage grows, though, so does the...

Banks’ capital steroid use warrants extra scrutiny www.breakingviews.com/columns/big-... @liamproud.bsky.social

Breakingviews - The Week in Breakingviews: Paramount’s ascent Welcome back! Payments firm Block is cutting nearly half its 10,000 employees after CEO Jack Dorsey said artificial intelligence tools allowed a smaller team to “do more and do it better”. Is the Twit...

The Week in Breakingviews: Paramount’s ascent www.reuters.com/commentary/b... @petertl.bsky.social

Breakingviews - Trump’s new Iran attack opens up big global risks Fresh US and Israeli strikes attempted to remove Tehran’s leaders, rather than force a nuclear deal. Yet the president’s hope that Iranians will finish the job could backfire. The danger is retaliatio...

Trump’s new Iran attack opens up big global risks www.reuters.com/commentary/b... @georgehay.bsky.social

Iced coffee can guzzle slop bowl supremacy Restaurant chain Chipotle’s pricing power and valuation premium over fast food rival McDonald's are both fading. Cost-fatigued Gen Z are picking more affordable cups of cold caffeine with fancy trimmi...

Iced coffee can guzzle slop bowl supremacy - tinyurl.com/52hab8v8

Engie grid M&A has hedge against UK political risk The French energy group’s purchase of power networks from CK Hutchison is a $21 bln bet on Britain. UK political ructions could see a new and less friendly Westminster government. Engie’s trump card i...

Engie grid M&A has hedge against UK political risk - www.breakingviews.com/columns/cons... @georgehay.bsky.social