Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
HONG KONG (Reuters Breakingviews) - Organizing the Olympics is generally a losing economic proposition. In one financial competition, though, South Korea can aim for bronze.
HONG KONG (Reuters Breakingviews) - San Miguel has an alcohol problem. The Philippine conglomerate run by billionaire Ramon Ang is consolidating its beer and liquor businesses with its Manila-listed producer of meat, poultry and feed. A complex share swap suggests the enlarged San Miguel Pure Foods would be worth some $9.1 billion. It trades at a discount, however.
HONG KONG (Reuters Breakingviews) - Hong Kong’s plan to welcome super-voting stock weakens corporate governance, but its appeal to Chinese tech companies also may be exaggerated. Officials from Credit Suisse, BlackRock, PCCW Media and Bain Capital debated the upcoming changes at a recent Breakingviews event.
HONG KONG (Reuters Breakingviews) - To sustain its march on the United States, Ant Financial may have to take some China-like steps. Jack Ma's digital-payments business must rethink its global strategy after U.S. authorities torpedoed a plan to buy MoneyGram International. Even a newly touted alliance between the two companies is at risk.
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
HONG KONG (Reuters Breakingviews) - Tencent and Snap have sent a short but effective message to Facebook. The owner of China's killer app WeChat now owns 12 percent of its struggling U.S. peer, whose Snapchat service is best known for the ability to make photos vanish. Even though the shares are non-voting, the two companies have excellent reasons to connect.
NEW YORK (Reuters Breakingviews) - An American casino mogul is making a timely bet on Houston. The owner of both the Golden Nugget gaming enterprise and the Landry's restaurant empire will pay $2.2 billion for the Houston Rockets basketball team. Buying a trophy asset as the city rebuilds from Hurricane Harvey makes for awkward timing. And yet the deal also suggests an abiding faith in a recovery.
NEW YORK (Reuters Breakingviews) - Wells Fargo's supersized scandal magnifies the spotlight on its chief executive. An outside review that examined a longer timeframe uncovered another 1.4 million potentially fake accounts at the U.S. mega-bank with a $2 trillion balance sheet. With the board of directors and sales practices already grudgingly refreshed, boss Tim Sloan, a 30-year Wells Fargo veteran, sticks out as a vestige of the old regime.
NEW YORK (Reuters Breakingviews) - Amazon.com's real-life game of monopoly will come to feel just as endless as the board-game version. The e-commerce titan's plan to buy upscale grocery chain Whole Foods triggered fresh fears of its dominance. For the time being, consumers and investors probably keep winning.
NEW YORK (Reuters Breakingviews) - Nestle gives Dan Loeb a fresh peak to climb. The pushy billionaire boss of hedge fund Third Point has set his sights on the Swiss producer of everything from Alpo to Kit Kat and Perrier. Leviathan consumer groups have proven to be tough targets of late, both for activists and suitors. Loeb clearly likes a challenge, though, evidenced by his efforts to agitate Japanese companies to change.