Dec 2, 2011 15:48 UTC

Loan hangover will cast pall over European buyouts

By Quentin Webb
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Once again, banks in Europe have been left standing when the music stopped. In an echo of 2008, lenders backing private equity deals have found themselves with a big backlog of unsold loans. That bodes ill for future buyouts.

Nov 30, 2011 22:19 UTC

Governments are now world’s financial engineers

By Antony Currie and Agnes T. Crane
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

The last financial crisis was supposed to have killed off financial engineering. It certainly seems to have for the most part turned excess leverage and overly complex borrowing structures into a pariah. But Western authorities have embraced them with gusto.

Nov 14, 2011 21:45 UTC
Edward Hadas

European bond buyers: often wrong, never in doubt

By Edward Hadas
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Legend has it that a senior Swedish official, after a trip to New York in the midst of the Nordic country’s financial crisis two decades ago, said: “We shall never again trust our economy’s future to the whims of 25-year old men with too much testosterone.”

COMMENT

Is “efficient markets hypothesis” still being taught?

Posted by whirdym | Report as abusive
Nov 2, 2011 19:32 UTC

Debt triangles return to haunt Chinese firms

By Wei Gu
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Chinese companies’ robust earnings growth doesn’t tell the full story. Despite strong net income growth, operating cashflow deteriorated sharply in the first half. Many companies increased credit to customers to drum up sales as demand weakened. If those customers can’t pay, the resulting bad debt could hit companies and their lending banks. Similar “debt triangles” haunted Chinese companies in the 1990s.

Oct 3, 2011 21:45 UTC

HP would make lucrative Oracle target

By Robert Cyran and Richard Beales
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Investors unimpressed by Hewlett-Packard’s dysfunctional governance have sold off its shares, leaving the tech company vulnerable to a bid. And Larry Ellison’s acquisitive Oracle is a credible potential suitor. At least financially, a deal would stack up. A Breakingviews analysis suggests that even paying a 40 percent premium, Oracle could reap a hefty return.