Crude prices have wilted after Iraq joined Nigeria, Iran and Libya in seeking exemptions from production cuts. But this need not be the death knell of a deal to reduce output. Even a small reduction to production would balance a market that is now only narrowly oversupplied.
Masayoshi Son's group has pledged a quarter of the total touted for a giant technology fund venture with the Saudis. That's a lot for a company with a strained balance sheet. But fees from the fund, hybrid bond issues and asset sales mean Son has plenty of ways to find cash.
The iPhone maker sniffed around, but never made a bid for, the media firm AT&T's buying. It would've been an alarming acknowledgement of a tough future in the maturing smartphone market. A decent new iPhone and rising service revenue are sufficient to forestall desperate M&A.
CEO Randall Stephenson is an old-fashioned empire builder cut from Jean-Marie Messier cloth. In an era of pushy investors, however, running roughshod over shareholders to play Hollywood mogul doesn't fly. There's a blueprint for challenging this terrible plan to buy Time Warner.
The $85 bln acquisition of Time Warner would consolidate an industry already controlled by a small group. It's just the sort of concentrated power that gave rise to the likes of Donald Trump and Bernie Sanders. This deal, which both oppose, could become a symbol for the movement.
Britain has finally agreed to add a runway to London’s main airport. Even now, the plan may yet founder. Western democracies face challenges when launching big projects. The benefits of a renewed splurge of infrastructure spending will take decades to materialise.
The tiny Belgian region is holding up a trade pact between Europe and Canada. That doesn’t mean such deals are impossible, though - they just need even more time and creative thinking. The messy process also undermines the notion that ordinary people have no say in globalisation.
MoBike and ofo are billed as sexy pedal-powered answers to the ride-hailing app. The startups, backed by local tech giants, are actually asset heavy and capital-intensive. They face unique risks, but pairing smart hardware with rental economics justifies some enthusiasm.
The U.S. telecom titan is paying $85 bln for the media conglomerate behind HBO, CNN and Bugs Bunny. Conventional financial analysis can't justify the whopping premium on offer. Instead, Time Warner shareholders benefit from AT&T's desperate search for a new business model.
The country's Socialist Party will allow acting Prime Minister Mariano Rajoy a second term, ending 10 months of political deadlock. His minority administration will now begin arduous tasks like cutting the budget deficit as the economy slows. A fractured parliament won't help.