Breakingviews

Viewsroom: Facts and fear in Britain’s EU referendum

June 22, 2016

Britons have been inundated with “facts” in the EU vote, but both sides have been accused of playing fast and loose with the truth. Hugo Dixon, founder of Breakingviews and InFacts, talks about the role of evidence in the campaign and outlines his vision for the future of the EU.

Facebook’s indie owners send upside-down message

June 22, 2016

Shareholders not named Mark Zuckerberg gave more likes than frowny faces to just three members of the board. Puzzlingly that included Gawker-hunter Peter Thiel and not key executives like COO Sheryl Sandberg. It’s a head-scratcher probably explained by investors ticking boxes.

The Exchange podcast: The Trace’s editor

By Rob Cox
June 22, 2016

James Burnett, editor of The Trace, an independent, non-profit media organization dedicated to expanding coverage of guns in the United States, swings by Times Square to discuss legislative responses to the horrific killing of 49 people at an Orlando nightclub, and the role firearms regulation will play generally in the upcoming presidential election.

LSE-Deutsche Boerse hangs over Brexit precipice

June 22, 2016

UK equities could crash if Britons vote to leave the European Union. Among other things, this could upend the carefully composed share split in the British and German exchanges’ merger. For Frankfurters carping at where the new company would be based, it could be the final straw.

SoftBank’s long-term plan abruptly cut short

June 21, 2016

Heir apparent Nikesh Arora is quitting after Masayoshi Son opted to keep the reins at the Japanese tech group. In just two years, the ex-Googler was paid over $200 mln and spent billions. The succession mess leaves SoftBank and its mercurial founder as hard to read as ever.

France at risk of catching referendum bug

June 21, 2016

Giving French voters a say on EU membership would pose a far bigger risk to the bloc than the British vote. Mainstream Gallic politicians know this. Yet the rise of the far right could make it tempting to take the sort of pre-election gamble that enticed UK premier David Cameron.

Brexit is trigger for market liquidity migraine

June 20, 2016

If asset managers are anxious before Britain’s EU vote, traders who handle their orders are just as troubled. Sterling’s 1992 ERM exit made them huge profits. In 2016, too-high volatility and growing illiquidity mean market-makers could struggle even to ensure normal service.

A checklist for India’s new central bank chief

June 20, 2016

The Reserve Bank of India needs a new governor after Raghuram Rajan’s premature departure. The ideal candidate would support reforms underway and have some experience as an international macro-economist. Crucially, though, he or she needs to be able to stand up to the government.

Viewsroom: Clippy’s resume, Big Mac for Chicago, Lax gun laws

June 17, 2016

Microsoft’s willingness to plunk down $26 bln for LinkedIn proves the software giant is slipping back to its old habit of illogical deals. Plus McDonald's move to Chicago is a win for the broke city and why lax gun laws in the U.S. are hurting the country’s influence abroad.

Viacom boss may soon pull gilded ripcord

June 17, 2016

Media mogul Sumner Redstone says he has lost trust in Philippe Dauman, putting the CEO’s future at the MTV owner in doubt. If cut loose, he’d leave with an $80 mln exit package that rivals those of Michael Ovitz and Carly Fiorina. Corporate payouts for failure stubbornly linger.