Biden’s election will welcome the tide of mergers and acquisitions

Bloomberg: stimulus policy is expected to push up crude oil prices

Crude oil futures continued to rise by 2.2% on Sunday to $38 per barrel.

Investors generally expect that Biden’s election will change the US’s previous attitude towards OPEC+, and OPEC+’s desire to continue cooperating with US production cuts may not be as strong as before.

In addition, Libya’s crude oil production capacity has been restored to more than one million barrels per day last Sunday. Crude oil prices are actually facing greater downward pressure.

But the Democratic Party will launch a larger-scale stimulus policy, which will lead investors to bullish crude oil and gold prices.

 

Reuters: Biden’s election will welcome the wave of mergers and acquisitions

Although Biden was elected, according to the latest polls, the Republican Party will continue to control the majority of the Senate.

In this way, in addition to Biden’s policies are often more predictable than Trump’s policies, the Republican-controlled Senate will not agree to the Democratic Party’s stimulating intervention on a large scale.

For corporate mergers and acquisitions, this provides a relatively stable policy environment. Therefore, many institutions predict that the United States will attract a wave of mergers and acquisitions.

Even so, the US barriers to Chinese acquisitions will continue.

Nikkei Asian Review: Ant’s suspension of IPO leads investors to think

The suspension of Ant’s IPO incident has aroused global investors’ thinking. Investors’ responses are roughly divided into two camps.

The first camp believes that this move reflects the authorities’ view of controlling financial risks as a top priority.

The second camp believes that Shanghai, which is known as a global financial center, still needs to further strengthen the transparency of its policies.

Four anonymous international fund companies all stated that they had previously underestimated the influence of the Beijing authorities. However, the four companies all stated that they would not reduce the proportion of Chinese assets, and all agreed that this would help China maintain the stability of its financial system.

 

Nikkei Asian Review: SoftBank, which holds $50 billion, lacks investment targets

Sun Zhengyi believes that he can select entrepreneurial entrepreneurs with investment value by intuition. So sometimes Sun Zhengyi will invest tens of millions after a brief meeting.

But a challenge for Sun Zhengyi now is that he needs to examine potential investment targets through video meetings.

SoftBank has raised US$50 billion in investment since April this year, exceeding the expected US$41 billion. But the current problem is that Sun Zhengyi has been unable to find a suitable investment object.

In fact, in addition to Alibaba’s investment, SoftBank does not have much investment record that it can take.

The value of the US$190 billion Alibaba stock in SoftBank’s hands even exceeds the overall market value of SoftBank’s US$135 billion.

 

Nikkei Asian Review: Chip Market Boosts Toshiba

It is reported that Toshiba will reverse its loss in the first half of the year because the profits of its main chip manufacturing company have rebounded.

As Toshiba’s own sales of discrete chips for automotive applications are strong, and the elevator and escalator businesses perform well overseas, it drives Toshiba’s business.

Although Toshiba has not yet released its first-half financial report, Toshiba is considering increasing its fiscal year-end dividend from 10 yen per share to 10 yen.

Toshiba plans to continue cutting costs in the second half of the year. In addition to reducing the staff of subsidiary Toshiba Tec, it will strengthen joint procurement across the group.

Nikkei Asian Review: 5G increases demand for cooling systems

With the advent of the 5G era, the demand for thermal design of electronic equipment will surge. The smartphone cooling module market has an average annual growth rate of 26.1% between 2016 and 2020, and will reach US$3.6 billion by 2020.

Blueocean, which focuses on heat dissipation, has been developing an immersive liquid cooling system whose cost can compete with air cooling systems.

However, this system is unpopular because of its high cost, so the company is exploring a balance between cooling efficiency and cost.

The company said that Blueocean plans to target IT companies’ data centers first and has already established alliances with several such companies.

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