Jul 24, 2013 08:00 UTC

Apple overcomes China blues for now

Photo

By Robert Cyran

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

Apple has overcome its China blues for now. One of the tech giant’s most reliable engines for growth has been booming Chinese demand. It flamed out during the quarter ended June 29, however, with revenue from the Middle Kingdom shrinking 14 percent. Solid sales in the larger U.S. market helped compensate, leaving revenue flat compared with the same period last year at $35 billion. But the performance shows just how badly Apple needs new products if it wants to shine again.

Jul 18, 2013 05:36 UTC

Vietnam is back in the game for buyout firms

Photo

By Andy Mukherjee

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

As one of the world’s few remaining communist states, Vietnam’s relationship with foreign capitalists is complex. That hasn’t stopped private equity group Warburg Pincus closing the first tranche of a $200 million investment in the country’s largest mall owner. It’s early days, but for global investors Vietnam may be back in the game.

Jul 12, 2013 17:30 UTC

Fruity American M&A saga may be about to ripen

Photo

By Jeffrey Goldfarb

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

An epic American M&A saga may be about to come full circle. Nearly 25 years after it was carved up in a landmark deal, much of fruit group Del Monte could be put back together. Along the way, the U.S. food giant has become an enormous part of Wall Street – and even City of London – lore. It’s practically a textbook unto itself for merger lawyers and bankers.

COMMENT

As soon as I saw the word “epic” in your story I quit reading. Please stop the use of this ridiculous word.

Posted by history10 | Report as abusive
Jul 11, 2013 11:45 UTC

Dash from emerging to developed markets hits new risks

Photo

By Ian Campbell

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

Capital glut has become capital flight in emerging markets. Stock markets in developed economies may be the beneficiaries for now. But the switch merely exchanges one set of risks for another.

Jul 5, 2013 18:56 UTC

How regulators can restore trust in bank capital

Photo

By George Hay

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

The Basel Committee just dealt another blow to the self-assessment of banking risk. This powerful group of global supervisors published new evidence on July 5 unmasking shortcomings in the models that tell lenders how much capital they need. For fans of the status quo, it makes gory reading.

Jul 5, 2013 14:26 UTC

Egyptian bourse euphoria is premature at best

Photo

By Una Galani

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

This week’s euphoria for Egyptian equities is overdone. The prospect of calmer streets has sent the country’s benchmark index of 30 leading stocks up more than 12 percent since June 30, when protests against the Muslim Brotherhood government began – more than 7 percent on Thursday alone, when the military acted on its threat to force President Mohamed Mursi from power. That was the biggest one-day gain after a year of economic mismanagement under the deposed government.

Jul 5, 2013 05:04 UTC

China’s shipbuilding supertanker will turn slowly

Photo

By John Foley

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

In 1433, China abandoned its costly maritime ambitions, forfeiting for centuries its chances of oceanic dominance. It is unlikely to make the same mistake again. While the tribulations of China Rongsheng show that the country’s modern shipping industry is in trouble, a sector with such strategic and symbolic importance can stay afloat long after its financial appeal has run dry.

Jun 28, 2013 09:02 UTC

China’s corporate spying is three-cornered problem

Photo

By John Foley

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

American prosecutors have targeted Chinese wind turbine maker Sinovel for allegedly stealing secrets from a U.S. rival. The threat of a $4.8 billion fine for a company with total assets of $4.6 billion sounds potent. But it doesn’t address the economic conditions that make China a target for accusations of ideas theft. Call it the corporate espionage triangle.

Jun 25, 2013 13:26 UTC

Is Ben Bernanke wrong, or is QE impotent?

Photo

By Agnes T. Crane and Edward Hadas

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

Investors are clearly upset, but it’s hard to know why. The chronology is clear. The rout in global markets – from U.S. Treasuries to copper, from Shanghai stocks to junk bonds – started after Ben Bernanke, the chairman of the U.S. Federal Reserve, suggested that the American economy might soon be strong enough to need less monetary support from the central bank. The causality is another matter.

Jun 24, 2013 10:27 UTC

China’s bonfire of liquidities claims first victim

Photo

By John Foley

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

China’s bonfire of the liquidities has claimed its first victim: equities. Stocks in Shanghai and Shenzhen tumbled more than five percent on June 24 after the central bank published a letter suggesting it’s in no rush to help overstretched lenders continue in their bad habits. This tough new approach could mean a little more chaos will be injected into China’s financial system. For the economy overall, it’s both positive and helpful.