Dec 18, 2013 17:27 UTC
Edward Hadas

Bitcoin mania heads into the end game

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

Common sense is catching up with the bitcoin craze. In the process, it is bringing its backers financial losses and intellectual embarrassment.

Dec 18, 2013 12:27 UTC

Ukraine’s Russian lifeline means European pain

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By Pierre Briançon

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

Ukrainian president Viktor Yanukovich has found a friend to help keep him out of bankruptcy until election time, but by then the sponsor may find that $15 billion was a bit much to spend on a loser.

Dec 18, 2013 08:18 UTC

Swift bad loan clean-up will beef up Indian banks

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

India’s new purge on bad loans will make banks sturdier. The Reserve Bank of India has proposed rules whereby lenders would start creditor crisis talks for any company that owes more than $16 million, if it misses a single repayment for more than 60 days. It sounds strict, but that’s what India needs: 10 percent of state banks’ loans have already turned bad.

Dec 17, 2013 12:14 UTC

Shale energy deficit will hit Europe hard

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By Fiona Maharg-Bravo

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

Will the shale boom ever reach Europe’s shores?  It has had a remarkable impact in the U.S. Thanks to fracking, American chemicals and steel companies pay two-thirds less than European counterparts for natural gas, according to Eni, the Italian oil and gas firm. They pay half the cost for electricity. The International Energy Agency expects U.S. manufacturers’ share of global energy-intensive exports to grow slightly over the next two decades on the back of cheap energy, against a 10 percent decline in Europe. Thanks in part to the lower energy prices, the Boston Consulting Group reckons the U.S. will create up to 5 million factory and services jobs by 2020.

Dec 17, 2013 09:20 UTC

China web giants take the fight offline in 2014

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By Robyn Mak

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

Remember when every offline company was desperate to become an online one? In China, it’s happening the other way round. The country’s internet giants are making forays into traditional industries, from logistics to consumer electronics. The pace will increase, but what starts as disruption could turn into overreach.

Dec 16, 2013 14:06 UTC

New German government to take chances on growth

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By Olaf Storbeck

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

The most obvious symbol of the continuity Angela Merkel has wanted to showcase with her third cabinet is Wolfgang Schaeuble, who will keep his job as Germany’s Finance Minister in the new ruling coalition. That clearly shows that Berlin’s European policies will remain unchanged. Other EU governments will welcome a German team committed to keeping the euro zone together – if anything even more so, considering the pro-European Social Democrats’ influence in the new government.

Dec 16, 2013 03:41 UTC

U.S. and China will set global growth pace in 2014

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By Peter Thal Larsen and Robyn Mak 

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

The United States and China will determine the pace of global growth in 2014. Though America accounts for a quarter of the world economy and China less than a tenth, the two countries will generate roughly half the expansion in overall GDP next year. With Europe in the doldrums, Japan still recovering and emerging markets subdued, the planet heavily depends on its twin engines.

Dec 13, 2013 11:44 UTC

Who’s next for Boris Bikes? Co-op? Wonga?

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By Quentin Webb

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

 

Memo, Dec. 13 2013

Status: Confidential

To: Mayor Boris Johnson

From: Blue Sky Thinking Department

Subject: Candidates for Cycle Hire Scheme

 

Dear Boris,

As requested – a list of potential replacements for the cycle hire scheme, which seems to have no place in Antony Jenkins’ cuddly new Barclays. No matter. There are many impressive potential candidates out there.

Dec 13, 2013 10:44 UTC

HK inside-trade payout more deterrent than portent

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By Peter Thal Larsen

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

A group of nearly 300 Hong Kong investors are about to share an early $3 million Christmas present. That’s the amount former Morgan Stanley banker Du Jun has been told to pay the unwitting victims of his insider trading in 2007. White collar criminals should beware, but investors shouldn’t expect a rush of future payments.

Dec 12, 2013 21:49 UTC

Uruguay’s weed spoils could get even higher

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

Legalizing marijuana should provide a lift to the Uruguay economy but there’s scope for it to get even higher. The South American country is the first to legalize marijuana trade, with production from cooperatives, sales to locals only and prices fixed. The Dutch did well from cannabis tourism, but agribusiness could ultimately be the winner in Uruguay.