Antony's Feed
Nov 6, 2015
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Square’s down round offers cautionary unicorn tale

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Square’s down round offers a cautionary tale to other Silicon Valley unicorns. The payments firm founded by Jack Dorsey may go public for $3.5 billion, based on the low end of the $11 to $13 per-share range disclosed in a regulatory filing on Friday. That would be 41 percent less than its last private valuation.

Nov 5, 2015
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BTG Pactual earnings flatter its performance

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

BTG Pactual’s earnings flatter its performance. The Brazilian investment bank cranked out net income of 1.5 billion reais ($397 million) in the three months to September. That works out to a return on equity of 28 percent, meaning the firm run by Andre Esteves has yet again put its Wall Street rivals to shame. Dig a bit deeper, though, and the results are more pedestrian.

Nov 5, 2015
via Breakingviews

BTG Pactual earnings flatter its performance

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

BTG Pactual’s earnings flatter its performance. The Brazilian investment bank cranked out net income of 1.5 billion reais ($397 million) in the three months to September. That works out to a return on equity of 28 percent, meaning the firm run by Andre Esteves has yet again put its Wall Street rivals to shame. Dig a bit deeper, though, and the results are more pedestrian.

Nov 5, 2015
via Breakingviews

BTG Pactual earnings flatter its performance

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

BTG Pactual’s earnings flatter its performance. The Brazilian investment bank cranked out net income of 1.5 billion reais ($397 million) in the three months to September. That works out to a return on equity of 28 percent, meaning the firm run by Andre Esteves has yet again put its Wall Street rivals to shame. Dig a bit deeper, though, and the results are more pedestrian.

Nov 5, 2015
via Breakingviews

Expedia finds back door to Airbnb’s market

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Expedia has found a back door into Airbnb’s home turf. The travel site announced after the market closed on Wednesday that it’s paying $3.9 billion for HomeAway. The vacation-rental firm doesn’t yet have the same clout in cities as its better-known rival, but shacking up with Expedia should help. If successful, the deal will give Expedia customers fewer reasons to turn to Airbnb.

Nov 4, 2015
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Financial tech has as much to gain as fear from D.C.

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The rapidly growing financial technology industry has as much to gain as fear from Washington. A new lobbying group, set up by five major Silicon Valley firms this week, reflects concerns that lawmakers and watchdogs may not understand the benefits that high tech can bring to financial services and their users.

Nov 4, 2015
via Breakingviews

Financial tech has as much to gain as fear from D.C.

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The rapidly growing financial technology industry has as much to gain as fear from Washington. A new lobbying group, set up by five major Silicon Valley firms this week, reflects concerns that lawmakers and watchdogs may not understand the benefits that high tech can bring to financial services and their users.

Nov 3, 2015
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Dismal AIG earnings add fuel to Carl Icahn’s ire

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Dismal earnings at American International Group are adding fuel to Carl Icahn’s ire. The activist investor wants the insurer to break up and cut more costs. Chief Executive Peter Hancock has promised to do the latter. But the $231 million loss the company reported for the three months to September reveals just how much work it will take to get shareholders on board.

Nov 3, 2015
via Breakingviews

Dismal AIG earnings add fuel to Carl Icahn’s ire

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Dismal earnings at American International Group are adding fuel to Carl Icahn’s ire. The activist investor wants the insurer to break up and cut more costs. Chief Executive Peter Hancock has promised to do the latter. But the $231 million loss the company reported for the three months to September reveals just how much work it will take to get shareholders on board.

Nov 3, 2015
via Breakingviews

VW skids further into the emissions scandal ditch

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By Antony Currie and Olaf Storbeck

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Volkswagen is skidding further into the emissions scandal ditch. The German carmaker has already displayed startling ineptitude, waiting to admit wrongdoing until after an independent investigation found that it rigged 500,000 vehicles in the United States and 11 million cars globally to cheat on pollution tests. Now American watchdogs may have uncovered even more misconduct.

    • About Antony

      "Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a U.S. editor. He has worked on assignments in the major financial centers of Europe and the U.S. and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol."
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