Apr 28, 2014 06:10 UTC

Abe’s small hits weightier than big trade miss

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By Andy Mukherjee 

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

Shinzo Abe’s big miss in prizing open Japan’s farm economy is making investors needlessly glum. The prime minister’s smaller recent successes, from thawing out frozen land and labour markets to reining in healthcare costs, add up to a strong reform push.

Apr 25, 2014 05:40 UTC

China’s offshore bond boom has further to run

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By Peter Thal Larsen

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

China’s offshore bond boom has further to run. Companies like Tencent and CNOOC are increasingly turning to international capital markets for financing. Tighter credit on the mainland is a factor – but so is international expansion. Though there are bound to be setbacks, overseas bond issuance should carry on growing.

Apr 25, 2014 03:09 UTC

Review: India’s Singh wasn’t king, Modi could be

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By Andy Mukherjee

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

Everything except the title of Sanjaya Baru’s “The Accidental Prime Minister” has invited controversy. And the title escaped opprobrium only because Manmohan Singh, who has never won an election, was the first to acknowledge that his elevation to India’s top political job was an accident of history.

Apr 24, 2014 06:25 UTC

China’s state firm shakeup gets it only half right

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By John Foley 

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

Private shareholders could bring discipline to China’s 150,000 or so state owned enterprises. There’s no question the companies, which generate a return on assets about half that of private sector rivals, need the help. Recent shake-ups at CITIC Group and Sinopec have set the ball rolling. But for real efficiency, SOEs need to pay market rates for debt as well as equity.

Apr 23, 2014 13:55 UTC

London gives BoE an emerging economy problem

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By Ian Campbell

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

The UK has a popularity problem which the Bank of England cannot solve. Foreigners have an unhealthily strong desire for London property. Before the financial crisis, many emerging markets tried, and basically failed, to deal with a similar excess of attention.

Apr 23, 2014 05:49 UTC

WH Group’s chopped IPO still looks unappetising

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By Una Galani

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

WH Group’s chopped initial public offering still looks unappetising. The Chinese pork producer is slashing the size of its Hong Kong fundraising to as little as $1.3 billion, down from a previous target of at least $3 billion. But WH Group’s reluctance to accept a lower price means the IPO remains a tough sell.

Apr 22, 2014 14:29 UTC

Manchester United’s crisis has silver lining

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By Olaf Storbeck

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

Manchester United fans won’t like this, but the club’s crisis is exactly what the soccer business, and United itself, needs. A manager ditched after 10 months, a lowly seventh place in the league, an enforced absence from European football: this is the kind of drama that keeps the sport exciting and secures future revenue streams. Nothing is more boring than a league dominated by an overwhelming team.

Apr 22, 2014 06:52 UTC

Graft purges don’t hurt shareholders – insiders do

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By John Foley 

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

China Resources chairman Song Lin has been sacked for disciplinary violations, leaving an empire with $150 billion in assets leaderless. Though China’s state-company bosses will quake in their loafers, the damage to investors looks manageable. The real problem is a wider culture that treats outside shareholders as an afterthought.

Apr 21, 2014 06:46 UTC

Missing inflation could make Asian bonds frothier

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By Andy Mukherjee

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

Asia’s inflation is missing. Analysts have been caught by surprise. If it isn’t found soon, the region’s frothy bond prices could get even higher.

Apr 17, 2014 16:02 UTC

Review: Hustling helps Africa’s partial success

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By Martin Hutchinson

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

“Kanju” makes modern Africa work. In her new book “The Bright Continent,” the American journalist Dayo Olopade claims that this Yoruba word for hustling, striving and rule-breaking explains how the invisible hand outwits the dead hand of corrupt bureaucracy in much of the continent. Sadly, kanju also makes most African countries tough places to do fully organized business.