Jeffrey oversees Asia for Reuters Breakingviews from Hong Kong. He previously spent seven years in New York, most recently as U.S. Editor. Before becoming a columnist in 2007 and helping spearhead European commentary of the financial crisis for Breakingviews, Jeffrey wrote about banking, M&A, international trade, healthcare and tech for Reuters and BNA in New York, Phoenix and Washington, D.C. From London, he led the European corporate finance team for Reuters and coverage of the continent's media sector. He has a master's in journalism from Columbia University and a bachelor's in finance from the George Washington University.
Sovereign fund CIC wants to take control of office tower Grosvenor Place at a $1.4 bln valuation. Canberra’s recent intervention in a dairy sale suggests Chinese investment cannot be taken for granted. Blocking this property deal would make a splintering relationship worse.
Prime Minister Scott Morrison’s government will let companies immediately write off depreciable assets and provide incentives to hire young workers. This next phase of stimulus puts the private sector on the hook to invest in a way that justifies doubling public debt to A$1 trln.
Northern Star is acquiring smaller rival Saracen for $4.1 bln. They’ll share a heap of promised synergies without a premium to pay for using a structure touted by an industry shareholder group. The buyer’s track record also should mitigate some typical merger concerns.