E Global ADRs Report New Developments

Ha'aretz, the leftish Israeli newspaper, in its English language edition accuses Prime Minister Bibi Netanyahu of “a seditious call to arms” and “an attempted coup” after the country's attorney-general indicated Bibi for fraud, breach of trust, and bribery. Israel's A-G, Avichai Mandelblit, an Orthodox Jew from his own Likud party, stood up to the PM when he followed up on police reports and revelations by his former supporters and financiers. Netanyahu “will fight tooth and nail to smear anyone threatening his hold on power,” the newspaper wrote.

You cannot miss the parallel with our own president whose attorney-general is more concerned about the party interest than the national interest.

El Presidente took credit for telling Xi Jinping that sending troops into Hong Kong would hurt the country's chances of a trade deal with the US. Chinese troops have been sent in but perhaps they are not shooting as many Hong Kongers as they might do otherwise. It may be that other factors are restraining Beijing.

More from South Africa and the Netherlands, where we have reporting companies, plus Sweden, Saudi Arabia, Norway, Japan, Israel, India, Hong Kong, Germany, Finland, Denmark, China, Britain, Brazil, and a few other places. Note that we have news today from all 4 Nordic countries.

*Rosy Prosy. Dutch-listed Prosus reported its first results, for the 6 mos to Sept 30, when all systems went green against pre-ipo levels for the prior fiscal year. Its revenues grew by 20% to $9.9 bn; trading profits by 7% to $1.9 bn; and core headline earnings by 10% to $1.7 bn. All revenues are in local currencies converted into US$s. However free cashflow fel to $14 mn from $96 mn. PROSY is 74% owned by Naspers (NPSNY) of South Africa and only listed in early Sept. Its good performance is mainly because of the gain of $559 bn from the exchange of its 42.5% stake in MakeMyTrip (MMYT), the Indian holiday booking system for a 5.6% warrant on Ctrip. It has $5.9 bn for growth investments.

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Gary Anderson 4 months ago Contributor's comment

Netanyahu has paralleled Trump in many ways. One way is in threats and bullying. A second is in making it difficult for Arab citizens of Israel, just as Trump has increased hate crimes double since taking the presidency. A third way is in schmoozing up to the right wing racists. Netanyahu and Trump both consider those folks allies in a strange way, and Netanyahu once said they pose no threat. I think that is a huge mistake. So we have Stephen Miller as the poster child for all of this. He is a Jewish fellow from Santa Monica who has turned into a fascist. Most Jewish people in America can see through all of this, thank God.