Oct 12, 2012 13:22 UTC

BAE needs a new chairman

Photo

By Chris Hughes

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

BAE Systems needs a new chairman. Dick Olver’s management of the attempt to merge the UK defence group with EADS was poor. He has also presided over a sustained period of share-price underperformance. After eight years on the board, he should make room for fresh talent.

Oct 12, 2012 08:36 UTC

Softbank-Sprint tie-up gets bad signal from market

Photo

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

By John Foley

Softbank chief executive Masayoshi Son has received a strong signal from investors. They wiped $6.2 billion in value off the Japanese telecoms operator’s market value on Oct. 12 after it confirmed it was in talks with U.S. rival Sprint Nextel. That’s three times more than U.S. investors added to Sprint’s worth the previous day. No wonder: a takeover would be a financial stretch for Softbank, and could preclude other deals closer to home.

Oct 11, 2012 15:41 UTC

Bumi should grit teeth and engage with Bakries

Photo

By Kevin Allison

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

No one trying to maximize shareholder value at Bumi Plc would want to start from here. Financier Nat Rothschild’s bid to create an emerging markets coal champion has been a disaster, thanks to clashes with the group’s backers in Indonesia. Now the country’s powerful Bakrie family says it is willing to exit the venture in return for a stake in coal assets they sold to Bumi last year. It’s fiddly and humiliating, but it’s probably a good deal for Bumi Plc’s shareholders.

Oct 10, 2012 16:21 UTC

New recall narrows Toyota’s recovery window

Photo

By Wayne Arnold

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

It may take just 40 minutes to replace the gizmo responsible for Toyota’s latest embarrassment, but with 7.4 million cars to fix, that’s 565 years of mechanic time. Actually it is neither the first nor the most serious of Toyota’s recent difficulties. But the Japanese automaker’s problems are beginning to look unending.

Oct 8, 2012 07:28 UTC

How do India’s markets spell relief? Chidambaram

Photo

By Wayne Arnold

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

How do India’s investors spell relief? Palaniappan Chidambaram. Stocks have soared since word broke in June that the urbane lawyer might take a third turn as finance chief. His return in August has proved an antidote to the errors of his predecessor Pranab Mukherjee, and has revived foreign buying. But the rally will only last if the latest reforms boost flagging growth.

Oct 5, 2012 06:36 UTC

Even one-sided Chinese investment has its benefits

Photo

By Christopher Swann

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

Canada wants equal rights for its companies to pile into China.  The country’s opposition leader says his compatriots would be “chumps” if they allowed state-owned CNOOC to buy Canadian oil group Nexen without China granting equal access to its natural resources. Demands for reciprocity seem only fair. But workers and investors in rich countries gain even if the money flows only one way. It’s the Middle Kingdom that misses out by being less welcoming.

Oct 4, 2012 13:54 UTC

No easy fix for South Africa platinum crisis

Photo

By Kevin Allison

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

Platinum looks like a commodity from hell, and not just because it is dug from especially deep mines. The economics and the politics point to a long crisis.

Oct 4, 2012 04:11 UTC

Indonesia may be unfairly tarred by Bumi’s brush

Photo

By Wayne Arnold

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

Bumi Resources is not a metaphor for Indonesia. The heavily indebted coal miner, currently at the centre of a financial probe and corporate governance spat, has said it may have to sell assets or shares. With coal prices weak, the drama at Bumi Resources spells more trouble for creditors and shareholders, including those of its London-listed parent. Indonesia must hope it is not unfairly tarred by the association.

COMMENT

“On a side note, I would be curious as to what exactly has incented the writer to express this opinion, as it is unusual to see someone rise up to defend an emerging market economy.”

Could it be because the article is correct and the man that is ultimately responsible for the Bumi PLC fiasco is also pushing to be on the presidential ballot in 2014?

Posted by Rob-in-Jakarta | Report as abusive
Jul 26, 2012 18:29 UTC

M&A Davids wallop Wall Street Goliaths

Photo

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

Size used to matter in M&A. That’s no longer the case. Dealmaking Davids are walloping the Goliaths. 

Jun 13, 2012 18:27 UTC

Man Utd’s IPO transfer keeps owners in control

Photo

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

Manchester United’s IPO transfer will keep the Glazer family firmly in control. For months, the owners of the English soccer club had sought a $1 billion initial public offering in Singapore. Now the plan has switched to a U.S. listing, reports IFR. New York doesn’t seem like the natural venue for a soccer share sale. But it’s plausible the deal will still fly, and the lop-sided governance in plan A remains.