These days, markets forgive and forget anything except the suspension of share buybacksMore
Ex-CEO of Pemex Arrested for “Looting Mexico”
Now attention is switching to former President of Mexico Peña NietoMore
Coronavirus Fears Sink World’s Biggest Mobile Trade Fair After US & Global Tech Giants Pull Out
With Facebook, Intel, Cisco, Sprint, Amazon, Nvidia, LG, Sony, Rakuten, Ericsson, Nokia, etc. out, the gig was up. Other big conferences in trouble too. Tourism industry is reeling.More
WeWork Debris Hits Bystanders: Two More Real-Estate Mutual Funds “Gated,” This Time in Ireland. Fitch Warns of Contagion
“We regard liquidity mismatches as a major structural flaw.”More
Why Has UK Auto Manufacturing Collapsed 24% in Three Years?
81% of the vehicles are exported; they can be built anywhere. Honda is leaving. Nissan may be too. Vauxhall may be shuttered. Jaguar Land Rover offshored some production. But EV production soared.More
Global Slowdown, Internal Issues Hit Mexico: GDP Drops for First Time Since 2009
President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.”More
Gift Turns into Kafkaesque Ordeal: How My Two WOLF STREET Beer Mugs “Were Disappeared” in Spanish Customs
Many people report similar nightmares trying and failing to get their packages from non-EU countries out of Spanish customs.More
Australian Construction Giant CIMIC Writes Off Disastrous Arabian Adventure, After Being Bludgeoned over Opaque Debts
Shares plunged 20% on the spot, and are down 44% in nine months.More
What to Do with Malls? Teetering UK Mall Giant Intu Asks Investors for £1 Billion. Shares Drop to Near-Nothing
Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?More
US Auto Imports from Mexico Hit Record, but Mexico’s Global Auto Exports Fall for First Time since 2009
GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.More
Nick Corbishley 