2018年4月3日星期二

Tuesday Morning Briefing: Spotify prepares to go public

Highlights

Spotify’s unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash. Investors will be able to buy and sell shares in the Swedish music streaming service in the New York Stock Exchange’s first-ever direct floor listing.

Breakingviews: Spotify’s direct listing piles risks upon risks. The music-streaming service’s market debut was unusual already – but it comes as specific fears over Facebook and Amazon are spilling over into wider tech valuations.

Commentary: President Donald Trump’s approach to trade policy – threatening U.S. tariffs against foreign countries unless they change their behavior – is unlikely to work, write Simon Lester and Inu Manak. A better strategy, which would also appeal to the president’s ego, would be a “Trump Round” of trade talks.

World

In some of the Mexican towns playing host to a “caravan” of more than 1,200 Central American migrants heading to the U.S. border, the welcome mat has been rolled out despite Trump’s call for Mexican authorities to stop them.

Hong Kong’s once thriving pro-democracy movement, weighed down by growing pessimism among its supporters over China’s ever-increasing control in the city, is facing a crisis of confidence about its future.

 

It could be a long, frustrating spring for commuters as French rail workers begin three months of rolling strikes in showdown with Macron https://reut.rs/2IrIf7x

5:16 M - APR 3, 2018

 

Under pressure from his right wing voter base, @netanyahu has just announced he is scrapping the deal just reached with the UNHCR to relocate about 16,000 African migrants in Western countries and grant legal status in Israel to about 16,000 more. https://reut.rs/2GxzSqn

5:45 AM - Apr 3, 2018

Business

China ready for proportionate response to U.S. tariffs: envoy

China will take counter-measures of the “same proportion” and scale if the United States imposes further tariffs on Chinese goods, China’s ambassador to Washington said, amid growing fears of an impending trade war.

2 Min Read

Murdoch's Fox could sell Sky News to Disney to appease UK regulator

Rupert Murdoch has stepped up the pressure on Britain to approve his $14.5 billion bid for Sky by offering to sell or legally separate Sky News, seeking to allay concerns about the 87-year-old mogul’s political influence.

4 min read

Asia's cryptocurrency arbitrage boom fizzles, but profits persist

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators’ watchful eyes.

6 min read

Exclusive: CBS plans all-stock bid for Viacom below current valuation - sources

CBS plans to make an all-stock offer for Viacom that values the U.S. media company below its current market valuation, people familiar with the matter said on Monday, indicating that tough negotiations lie ahead.

3 min read

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