Financial Times (July 14)
“Before Nintendo shareholders get too excited, they should examine the reality.” As the Pokémon Go craze grows, “Nintendo’s shares have risen by 50 per cent in a week on hopes Pokémon Go can rescue the company from dependence on lacklustre consoles such as the Wii U, and propel it into a world of growth in casual games on smart devices.” The investors need to “calm down” as there are still challenges ahead for Nintendo.
Tags: Console, Craze, Dependence, Excited, Growth, Investors, Lackluster, Nintendo, Pokémon Go, Reality, Rescue, Shareholders, Shares, Wii U
Bloomberg (April 4)
“Foxconn’s chairman won’t have long to celebrate.” The takeover of Sharp will prove far easier than its turn around. “With a sprawl of businesses making appliances, solar equipment and flat panels for mobile devices, Sharp is seeing its earnings deteriorate every quarter, yet as part of the rescue deal, Gou pledged to keep the company intact, respect its independence and try to preserve jobs.”
Tags: Appliances, Earnings, Foxconn, Gou, Panels, Rescue, Sharp, Solar, Takeover, Turn around
Washington Post (June 4)
“The tragic sinking of a cruise ship on the Yangtze River on Monday night produced a reflexive reaction from China’s communist authorities: censorship.” This could backfire. “Mr. Xi’s attempt to impose Stalinist-style information controls may not work in 21st-century China. His regime would foster more trust were it to follow the examples of neighbors such as South Korea and Taiwan, which live-streamed video of rescue efforts after recent disasters and encouraged debate about what went wrong. In attempting to shield the regime from criticism, Beijing’s censors are only adding to public embitterment.”
Tags: Censorship, China, Debate, Disasters, Rescue, Sinking, South Korea, Stalin, Taiwan, Tragic, Xi, Yangtze
New York Times (August 7)
The “government rescue of one of Portugal’s largest lenders” is another example of “regulatory failure.” Banco Espírito Santo had succeeded in a system that made “it easy for banks to look good and hide their problems.” As the European Central Bank (ECB) moves to assume supervision for some of Europe’s largest banks later this year, it will have to show that it really is serious. “Europe’s economy will not recover until its banking system is truly healthy.”
Tags: Banco Espírito Santo, Banks, ECB, Economy, Europe, Government, Lenders, Portugal, Recover, Regulatory failure, Rescue
