Turkey could prove a catalyst for a broader emerging-markets crash

Macroeconomic deterioration, higher debt burden and the coronavirus pandemic make the emerging markets prone to further downgrades and a widespread selloff. Near-zero interest rates are adding risk to the table rather than making EM debt sustainable, pushing EM sovereigns into a debt trap.Moody’s has downgraded Turkey to B2 from B1...

Nvidia in $40bn acquisition of Arm; Oracle won contest for TikTok’s US business

In today's equity we discuss Nvidia's big $40bn acquisition of the computer chip design company Arm from SoftBank Group and Oracle's apparent winning bid for TikTok's US business overtaking Microsoft on the inside.Yesterday SoftBank Group announced that it is selling its chip-design company Arm which is bought in 2016 to...