Dec 10, 2013 07:44 UTC

Narendra Modi could be India’s Shinzo Abe

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By Andy Mukherjee

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

Narendra Modi could be India’s Shinzo Abe. If the recent state polls are any indicator of the electorate’s mood, the opposition politician will be prime minister of the world’s largest democracy by May next year. Just like his Japanese counterpart, Modi would oversee higher asset prices and revive growth, but struggle with structural reforms.

Dec 9, 2013 13:08 UTC

FX increasingly slave to other markets’ moves

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By Swaha Pattanaik

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

Currencies have been especially tough to call in the past year. New analysis suggests that when global interest rates are uniformly low, moves in the mammoth foreign exchange market seem to be a by-product of what is happening in stocks or bonds. That makes predictions almost impossible.

Dec 9, 2013 08:35 UTC

Banks’ taper rehearsal gives emerging markets hope

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By Andy Mukherjee

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

The banking industry’s dress rehearsal for tapering by the Federal Reserve has given emerging markets hope.

Dec 6, 2013 13:49 UTC
Edward Hadas

Cheap money wrong cure for West’s long-term stasis

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By Edward Hadas

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

When distinguished economists come close to defending asset price bubbles, something has gone badly wrong. Larry Summers, for example, overestimates the power of monetary policy and underestimates the importance of economic trends.

Dec 6, 2013 02:12 UTC

Benefits of being “G-SIFI” seem to outweigh costs

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By Peter Thal Larsen

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

The benefits of being labeled “too big to fail” may just outweigh the costs. Since regulators first published their list of global systemically important financial institutions, or G-SIFIs, the banks concerned have boosted capital and tamped down balance sheets. But smaller lenders, particularly in Europe, have done the same without joining the club. And shareholders seem not to notice much of a difference.

Dec 5, 2013 22:15 UTC

Mandelanomics was too conventional to shine

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

Nelson Mandela, who has died aged 95, was a rare and brave leader. But economically he was, ironically enough, too timid. He set post-apartheid South Africa on course toward a mostly free market economy with stable finances, avoiding the errors of others like neighboring Zimbabwe. But he left the country slow-growing and still suffering from inequality.

Dec 5, 2013 15:39 UTC

Forget museum art – Banksy might help Detroit

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By Richard Beales and Kevin Allison
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Christie’s says artworks owned by bankrupt Detroit could fetch up to $866 million. But there’s no need to stop there. With 78,000 abandoned buildings and a Banksy tag potentially worth $1 million or more, graffiti could help save the day.

COMMENT

Shallow and vague……….Banksy does what he does for artistic values not for money. Art made for money is worthless.

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Dec 5, 2013 12:53 UTC

China anti-bitcoin ruling will shake believers

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By Peter Thal Larsen

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

So much for China’s willingness to tolerate financial innovation. Regulators have barred the country’s banks from trading bitcoin, while denying the pseudo-money legal status and cracking down on anonymous users. Though China has stopped short of an outright ban, the move dashes hopes the country might allow start-up currencies to exist alongside the official renminbi.

Dec 4, 2013 08:15 UTC

Westfield shops for premium with $28 bln carve-up

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By Una Galani

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

Westfield is shopping for a premium with its A$30.3 billion ($28 billion) carve-up. Just three years after its last big reshuffle, the shopping mall giant is separating assets in Australia and New Zealand from outlets in the United States and Europe. The cleaner structure may allow Westfield to command a higher valuation.

Dec 3, 2013 21:25 UTC

Detroit case revs up bankruptcy option for others

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

It’s the start of a new era for Detroit – and perhaps other American metropolises in wobbly financial condition. A federal bankruptcy judge ruled on Tuesday that Motown, suffocating under about $18.5 billion in debt, was eligible to file for protection from creditors. If the decision withstands appeal, it would confirm bankruptcy as a credible option for even the biggest U.S. cities. It could also give other municipalities the needed kick to get their houses in order.

COMMENT

Two cities in CA have declared bankruptcy – seems like the easy way out of many obligations to creditors. Pennies on the dollar for pensions and every other bill owed by cities.

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