By Jennifer Ablan, Editor-in-Charge, U.S. Investment Strategy
Some of the world’s closely watched money managers including activist billionaire investor Carl Icahn, Loomis Sayles’ vice chairman Dan Fuss, famous short seller Jim Chanos (above), Andrew Wilson, chief executive for Europe, Middle East and Africa at Goldman Sachs Asset Management and Avenue Capital’s Marc Lasry and his sister, Avenue co-founder Sonia Gardner, were among the three dozen investors headlining the Reuters Global Investment Outlook 2014 Summit. For a summary recap report of the Summit, click click here.
The Summit, which came a week ahead of other news organizations’ Year Ahead summits and 2014 Outlook stories, produced more than 50 stories, analyses, sidebars and Reuters TV interviews during the week of November 18. For the first time in Investment Summit history, we blogged at the end of each day on everything from BitCoin to eminent domain to Carl Icahn’s hour-long discussion with our group and several of our guests participated in our one-year-old Global Markets Forum.
All stories from the week are available here.
All videos from the week available here.
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By Jonathan Leff, Editor in Charge, Commodities & Energy
The commodity trading industry is in the midst of unprecedented flux: the U.S. shale oil and gas production boom is upending global energy flows; tough new financial regulations are reshaping the marketplace; banks, merchants and big corporations are competing and collaborating in new and unexpected ways; and just as some owners look to sell their trading desks, new players are jumping at the chance to get a foothold in the raw materials supply chain. In a series of 15 interviews over last week, the Reuters Global Commodities Summit offered a rare glimpse into the strategic plans and tactical positions of the most important traders, merchants, bankers and regulators in the business at a moment of extraordinary change. (more…)
by Andrew Torchia, Economics Correspondent, Middle East and North Africa
A hoped-for return of political stability could trigger billions of dollars of investment next year in Arab countries hit by the 2011 uprisings, while foreign money is likely to continue flowing into the Gulf as that region becomes increasingly attractive to global portfolio investors, top government officials, regulators and business executives told the Reuters Middle East Investment Summit.
The prime minister of Tunisia, economic policy makers from half a dozen countries, and chief executives of major banks and other companies discussed the future in a series of interviews for text, television and Trading Middle East, a Reuters chatroom for financial professionals. The event took place in 11 Arab cities over the space of a week.
Among the highlights, the Tunisian prime minister discussed economic reform plans and financing needs for next year; the head of Dubai’s Land Department described policies designed to prevent another boom-and-bust cycle in the emirate; the new head of Egypt’s financial regulator talked about efforts to revitalise the capital markets by cutting red tape and permitting new types of financial instruments; and managing director of Saudi Arabian tourism company Al Tayyar Travel Group predicted business growth would accelerate to 25 percent next year, partly thanks to deregulation of the kingdom’s aviation market. (more…)
By David Lindsey, Washington Deputy Bureau Chief
These are chaotic times in Washington, as deep political divisions over budgets, taxes and government programs have led to a partial shutdown of the U.S. government, threatened the United States’ credit rating and raised questions about whether persistent uncertainty is the new normal. The Reuters Washington Summit offered unique insight into the factors that are shaping the debates in Washington, as several of the capital’s most important players shed light on the ongoing tension within the Republican Party, the efforts to boost President Barack Obama’s healthcare law, the push to overhaul the nation’s immigration laws and the markers already being laid down in advance of upcoming talks on the U.S. budget.
The tension within the Republican Party was evident during the appearances by Senators Ted Cruz and John McCain. Cruz, the outspoken Texas Republican and Tea Party favorite, called the government shutdown a positive step toward changing President Barack Obama’s healthcare law. McCain, the Arizona Republican who has been a vocal critic of Cruz’s assault on “Obamacare,” said the effort had damaged Republicans. However, McCain added that problems with Obamacare’s website could help ease Americans’ anger toward his party over the shutdown. (more…)
How do Washington insiders see the outlook for the United States and beyond?
These are chaotic times in Washington, as deep political divisions over budgets, taxes and government programs led to a partial shutdown of the U.S. government, threatened the United States’ credit rating and raised questions about whether persistent uncertainty is the new normal. Reuters Washington Summit will help answer those and many other questions about the future of U.S. domestic and foreign policy, offering analysis from current and former lawmakers, industry advocates and others who represent the latest thinking about what’s going on in Washington and what it means. (more…)
By Terje Solsvik, Editor, Nordic language news services
The Reuters Nordic Investment Summit attracted influential decision makers from around the region. Denmark’s economy minister told us the country is picking up speed faster than expected and that the government will not add any fresh stimulus in 2014, while Norway’s finance minister declared he was happy with the weakening of the country’s currency. (more…)
By Douglas Busvine, Chief Financial Correspondent, Russia and CIS
Reuters interviewed 24 of Russia’s most influential entrepreneurs, executives and policymakers, including Russian First Deputy Prime Minister Igor Shuvalov, Russia Deputy Prime Minister Olga Golodets, Russian Finance Minister Anton Siluanov, and more in Moscow from September 23-25 at the annual Reuters Russia Investment Summit.
The closed interviews delivered a bumper crop of exclusive news and insight. Highlights include:
- Investment group A1’s purchase of independent Regal Petroleum. Regal stock reacted to the news, going up over 10 pct in London.
- First Deputy Prime Minister Igor Shuvalov flagged up foreign buying interest in troubled potash miner Uralkali – the day before China took a stake.
- Russia’s finance minister told Reuters Moscow would buy foreign exchange to top its reserve fund before the year is out and that government finances were at risk without further structural reforms to the budget and measures to cut spending by state monopolies.
For a summary recap report of the Summit, click here. Click here to read all the exclusives and full coverage of the Reuters Russia Investment Summit.
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Click here for a schedule of Reuters Summits for 2013.
As much of Europe struggled with the financial crisis, investors remained drawn to the Nordic region’s largest countries. What is the business outlook for the Nordic countries? (more…)
By Jilian Mincer, EIC, Consumer Team
Despite significant economic improvements, many consumers are sticking with the frugal shopping habits they developed during the recession, according to speakers at the 2013 Reuters Global Consumer and Retail Summit. With sessions in New York, London, Paris and Singapore, the Summit took a closer look at retail winners and losers and how they are adjusting to this new paradigm, especially with ecommerce. Some retailers already are cutting prices to compete for holiday shoppers.
For a summary recap report of the Summit, click here.
Click here to read all the exclusives and full coverage of the Reuters Consumer and Retail Summit.
Highlights include: (more…)
Has Russia gained stability and become unstoppable? Is Eastern Europe about to regain its status as favorite destination for emerging market investors? Find out the business outlook for Russia and Eastern Europe. (more…)