Shaun Morgan

Beware the con man who lends you his shirt

You’ll find them everywhere and in every industry. They are as old as commerce itself. People looking for an easy street. A quick way to land a payday at the expense of others and through illegal means. When did you last encounter con man or have you been saved the pleasure until now.

Whether in New Zealand or Queensland, Australia, whether in Dubai or Zurich, Switzerland the profile of the con…

Greater China Acquisition Corp

Greater China Acquisition Corp. does not have significant operations. It intends to merge with or acquire one or more private companies with operations primarily in China. The company was founded in January 2007 and is based in New York, New York.

About China

Officially the People’s Republic of China (PRC), is a sovereign state located in East Asia. It is the world’s most populous country, with a…

Leading the Bond Market with Shaun Morgan CEO Australian Capital Investment Group

Historically low LIBOR rates are driving yield hungry fixed income investors into the high yield debt market on an unprecedented scale. Australian resources companies have been taking advantage of this, with Fortescue Metals alone undertaking six high yield bond issues in the last two years. However, the story is different for most of the rest of sub investment grade corporate Australia, with…

Peugeot share issue underway as new board meets

PARIS (Reuters) – French carmaker PSA Peugeot Citroen launched the second stage of a long-awaited 3 billion euro ($4.2 billion) capital increase to fund its “Back in the Race” recovery plan and…

Twitter stock slumps 50 percent as Goldman, Deutsche Bank still say `buy’

(Reuters) – Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company’s shares might be kicking themselves.

Pfizer prepares sweeter bid for AstraZeneca: report

(Reuters) – Pfizer Inc may sweeten its offer for Britain’s AstraZeneca Plc to more than 63 billion pounds, or $106 billion, and raise the cash portion of the deal, to kickstart negotiations,…

Twitter shares plumb new lows as stock lock-up expires

(Reuters) – Shares of Twitter Inc sank 18 percent to a new low in frenzied trading on Tuesday, wiping out more than $4 billion of its market value, as early investors sold stock in the messaging…

3D Systems gross margin slips, shares slide

(Reuters) – 3D printer maker 3D Systems Corp’s quarterly gross margins fell for the first time in two years, raising concerns about its growth prospects in an industry, which is drawing the attention…

AstraZeneca rejects Pfizer’s raised bid of $106 billion

LONDON (Reuters) – U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would…

Lead underwriters start Candy Crush maker with “buy” ratings

(Reuters) – The three lead underwriters of King Digital Entertainment Plc’s IPO started coverage of the stock with “buy” ratings or the equivalent, two days ahead of the release of the “Candy Crush…

AstraZeneca fights Pfizer bid by predicting sales surge – eventually

LONDON (Reuters) – AstraZeneca Plc laid out its defense against Pfizer Inc’s $106-billion takeover approach on Tuesday by predicting its sales would rise by three quarters over the next decade,…

Shareholders set to grill Allianz management on Pimco

MUNICH (Reuters) – Top Allianz executives are set to face a grilling on Wednesday from shareholders worried about a wobbly performance at its Pimco fund management unit.

Cheetah Mobile shares rise about 13 percent in debut

(Reuters) – Cheetah Mobile Inc’s shares rose about 13 percent in their market debut, valuing the Chinese security software maker at about $2.2 billion, after its initial public offering was priced…

‘Candy Crush’ maker King serves up bittersweet results, shares fall

(Reuters) – King Digital Entertainment Plc’s stock plummeted more than 13 percent on Wednesday as signs that the company may be losing steam overshadowed better-than-expected quarterly results from…

HTC shares fall after guidance announcement

TAIPEI (Reuters) – Shares of Taiwan’s HTC Corp opened 4 percent lower on Wednesday after the struggling smartphone maker said it is likely to break even or book a profit in the first half.

Insurer Allianz defends Pimco after investors take flight

MUNICH (Reuters) – Europe’s biggest insurer Allianz defended its U.S. asset management business Pimco on Wednesday as it came under fire for failing to stem the flow of heavy investor withdrawals.

Pfizer walks away from $118 billion AstraZeneca takeover fight

LONDON/NEW YORK (Reuters) – Pfizer abandoned its attempt to buy AstraZeneca for nearly 70 billion pounds ($118 billion) on Monday as a deadline approached without a last-minute change of heart by the…