Breakingviews

NextEra deal marks beginning of end of TXU saga

July 29, 2016

The power producer is buying the bankrupt giant's stake in transmission group Oncor, valued at $18.4 bln. The $45 bln LBO of TXU, now Energy Future, hit trouble soon after its 2007 completion. Most creditors will have to be satisfied with a slice of the former TXU's other assets.

from Viewsroom:

Viewsroom: Clinton, Tech M&A, Facebook, Apple

July 29, 2016

Democrats turn to Michael Bloomberg to woo independents and anti-Trump Republicans. Meanwhile, Yahoo sells up, Oracle buys CEO Larry Ellison's side-company. And how to rank earnings at Apple, Facebook and Twitter.

Review: Iran cyber hack opened a Pandora’s box

July 29, 2016

The documentary "Zero Days" takes a thriller-style look at the unprecedented attack on the country's nuclear facilities using the Stuxnet virus. It shows the lack of norms in this new kind of war. What’s left unexplored is how companies have become fair game in cyber battles.

Theresa May may have saved EDF from itself

July 29, 2016

The state-owned French utility’s 12 bln pound investment in nuclear reactors at Hinkley Point could unravel after the UK’s new prime minister initiated a surprise review of the high-risk, high-cost project. Pulling the plug would do UK taxpayers and EDF shareholders a big favour.

BOJ does bare minimum for Abenomics reboot

July 29, 2016

Japan's central bank added just $26 billion of equity funds to its annual asset-buying binge. That is about as little as it could do without disappointing markets or Prime Minster Shinzo Abe. The BOJ is running low on options and probably wants to keep some powder dry.

Trump Inc rapidly turning from virtue to vice

July 28, 2016

Real-estate success helped him win the GOP nomination, but there's growing scrutiny of his record. Fellow New York mogul Mike Bloomberg led the charge at the Democratic convention. Trump's long trail of slippery business dealings will make his policy proposals harder to stand up.

Oracle-NetSuite deal may be sweetest for Ellison

July 28, 2016

The business-software company is paying $9.3 bln, a whopping 44 pct premium, for a cloud-computing company effectively controlled by the Oracle CEO. The deal makes strategic sense, but Ellison looks to be once again cashing in on a side investment at Oracle's expense.

Cox: Banking ghosts haunt Clinton in Philadelphia

By Rob Cox
July 28, 2016

Long before Donald Trump upended politics by excoriating the establishment, Andrew Jackson attacked a pillar of the City of Brotherly Love: the Second Bank. It got him re-elected and firmly established the Democratic Party, whose candidate is now threatened by a similar campaign.

Dixon: Stock markets too sanguine about Brexit

July 28, 2016

Investors think the UK will settle easily into a new deal with the European Union. More likely there will be cabinet wrangles, tortuous negotiations with the EU, and an unsatisfactory conclusion.

Nigeria’s problems defy central bank fixes

July 28, 2016

A hefty rate hike was a fair response to a slump in the naira that’s fuelling inflation. Yet this is unlikely to lure much foreign money back to Africa’s biggest economy. Its political, trade, and fiscal misfortunes are too pernicious for even yield-starved investors to overlook.