Feb 21, 2014 20:58 UTC

Modern financial arts get special exhibition

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By Jeffrey Goldfarb

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

Modern financial arts have been given a special exhibition. Washington’s estimable Corcoran Gallery, with its de Koonings and Twomblys, is being carved up like a common conglomerate. Los Angeles played host to a hostile museum takeover bid and Detroit’s restructuring features the paintings and sculptures of the city’s art institute. A blank spreadsheet is proving just as able to inspire as a canvas.

Feb 21, 2014 20:49 UTC

Spain’s BBVA keeps banking’s tech enemies close

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By Fiona Maharg-Bravo

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

Francisco Gonzalez, chairman of BBVA, recently said that banks needed to take on Amazon and Google or die. He aims to be one of the survivors. The 51 billion euro ($70 billion) Spanish bank has bought U.S.-based mobile banking technology startup Simple for $117 million. It may be a small deal, but it comes with potentially big implications for the industry.

Feb 21, 2014 12:49 UTC

Italy needs fewer bad banks – not a big new one

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By Neil Unmack

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

Italian banks need to shed their bad debts to start lending again. The classic solution – selling poor credits to a national “bad bank” – would require Italian taxpayers to cough up at a time when state debt is 133 percent of GDP. Matteo Renzi, the likely prime minister, should try something different.

Feb 13, 2014 06:36 UTC

Privatisations a bright spot for gloomy Aussie M&A

By Una Galani

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

Privatisation is a bright spot in what looks to be an otherwise dreary year for Australian dealmakers. The country is set for a flurry of activity as cash-constrained local governments prepare to flog existing infrastructure assets in order to fund new projects and create jobs.

Feb 11, 2014 06:41 UTC

Alibaba’s $1.6 bln map deal fuels online land grab

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By Robyn Mak and John Foley 

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Alibaba’s purchase of AutoNavi is a land-grab, in two senses. The Chinese e-commerce group has offered a premium price to buy out the 72 percent of the U.S.-listed mapping company it doesn’t already own, valuing the whole thing at $1.6 billion. There’s a compelling competitive reason for Alibaba to get deeper into online maps, but what’s hard to locate is the financial rationale.

Feb 6, 2014 04:23 UTC

Twitter a victim of its own measure for success

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By Robert Cyran

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

Twitter may be a victim of its own measure for success. The social network is growing and mining lots of user dollars, but not enough to justify a whopping value of 30 times sales. The lofty figure rests on a rise in the company’s highly touted home brew of “timeline views.” That number’s falling, suggesting tweeters are losing interest.

Feb 5, 2014 06:15 UTC

IPO flops will come back to haunt Li Ka-shing

By Una Galani
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Li Ka-shing’s stock market flops will come back to haunt the tycoon when it matters most. His latest spinoff, utility HK Electric, has become the third listing in a row from the businessman’s energy-to-telecoms empire to fizzle. Though markets are soft, Li’s reputation for selling at the top may make it harder to get a premium valuation if he decides to press ahead with an initial public offering (IPO) for his prized health and beauty retail business, A.S. Watson.

Jan 31, 2014 11:30 UTC

Emerging vacuum a harbinger of global downdraught

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By Ian Campbell

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

Emerging economy policymakers are wailing, understandably. But they can’t expect some magical coordination of global monetary policy. U.S. tightening is essential to curb global bubbles. Emerging markets are the first victims. They won’t be the last.

Jan 29, 2014 18:52 UTC

Sotheby’s revamps financial science – now for art

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By Richard Beales

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

Sotheby’s is revamping its financial science – now for the art. The auctioneer’s stock popped, at least initially, on Wednesday’s news of a $300 million special dividend and new criteria for investment. The plan addresses some aspects of the critique by activist investor Dan Loeb. But governance and broader strategy remain at issue.

Jan 29, 2014 06:43 UTC

Apple numbers show scale of China challenge

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By Ethan Bilby

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

Apple may be a dominant player in flogging smartphones in most of the world, but it’s still an also-ran in China. Disappointing global sales increase the pressure on the iPhone maker to gain ground in the People’s Republic. Though its deal with China Mobile should provide a boost, lower-cost rivals will limit its market share gains.