“If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”More
Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended
“Even more damning than our initial report”: Carson Block of Muddy Waters.More
Hong Kong’s Real Estate – Housing, Office & Retail Properties – Face “Tsunami-Like Shocks”
At first the protests and now the coronavirus collide with the World’s Most Expensive Property Market.More
HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong
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
Nick Corbishley 