NEW YORK (Reuters Breakingviews) - Putting Deutsche and Commerz together might create a national banking champion. A more likely outcome, though, would be a poorly performing behemoth. Meanwhile, Volkswagen boss Herbert Diess commits the mother of all CEO gaffes. Plus: sizing up a Chinese housing unicorn.
NEW YORK (Reuters Breakingviews) - Investors and companies are ill prepared for the rising scarcity of this most important natural resource. With World Water Day on March 22, Thirst CEO Mina Guli lays out the issues and explains why she decided to run 100 marathons in 100 days to draw attention to the problem.
NEW YORK (Reuters Breakingviews) - Elon Musk’s balancing act requires some capital support. On Thursday evening the chief executive plans to unveil Tesla’s latest vehicle, the Model Y SUV. But it could steal sales from the Model 3 sedan, whacking Tesla’s earnings when it can least afford it. It’s a fresh complication as Musk fights with the Securities and Exchange Commission and flip-flops over store closures. A cash injection could help smooth the ride.
NEW YORK (Reuters Breakingviews) - The three-way takeover fight involving Newmont, Barrick Gold and Goldcorp is full of aggression and big egos. Breakingviews columnists unpick the gold-mining M&A frenzy and debate whether cooler heads can prevail. Plus: China telecom giant Huawei has a public-relations challenge.
NEW YORK (Reuters Breakingviews) - Elon Musk is firing up the engine for a battle with short sellers. The Tesla chief executive is finally selling Model 3s for $35,000 a pop – and shutting most of the firm’s stores to pay for it. That means it will soon be clear whether he has indeed built the profitable mass-market electric-car maker that he has long promised, or a business fast running out of juice as his Wall Street foes contend.
NEW YORK (Reuters Breakingviews) - Kraft Heinz’s poor earnings, $15 bln writedown and accounting investigation forced the Berkshire Hathaway boss to admit he overpaid for the nuts-to-Velveeta cheese purveyor. Breakingviews columnists discuss what went wrong. Plus: Trump buys more time in his China trade spat.
NEW YORK (Reuters Breakingviews) - Foreign carmakers are closing some UK plants as lawmakers defect from both the Labour and ruling Tory parties. How will this affect the looming deadline to quit the EU? Plus: Vegan diets are more than a fad.
NEW YORK (Reuters Breakingviews) - Falling house prices and slowing Chinese growth are putting Australia’s record of almost 28 years of economic expansion at risk. The banking industry got dinged after a gripping year-long investigation. And a change of government looks likely. Breakingviews dives into the issues.
NEW YORK (Reuters Breakingviews) - Overuse and climate change are sapping the Colorado river, source of a fifth of U.S. GDP and at least $1.3 trln of market value. The feds and basin states are struggling to adapt, but investors pay little heed. Plus, can India Prime Minister Modi’s budget help him win re-election?
NEW YORK/LONDON (Reuters Breakingviews) - The California utility may face up to $30 bln in wildfire costs. But shareholders see value and lenders were willing to stump up cash. The board’s desire to cut other expenses may have driven the decision. Plus: How U.S. charges against Huawei may affect the telco industry.