Oct 30, 2013 02:05 UTC

Three questions to ask of China’s ‘third plenum’

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By John Foley

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

Is reform a watchword for China’s new leaders, or just a cliché? The mysterious leadership conclave beginning on Nov. 9, known as the “third plenum”, should give a clue. A similar meeting in 1978 kicked off China’s opening up to foreign trade; at another in 1993 the socialist market economy was born. A senior Communist Party official said on Oct. 27 that this time round, under party chief Xi Jinping, there would be “unprecedented” economic and social reforms. For China-watchers, this raises three questions.

Oct 29, 2013 06:08 UTC

Mud sticks for China’s warring heavy industries

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By John Foley

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

In China, the stodgy world of construction equipment has become a hotbed of fraud accusations, espionage and attempted kidnapping. It shows what happens when fierce competition comes without clear rules.

Oct 28, 2013 03:44 UTC

One idea Samsung could safely copy from Apple

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By Una Galani

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

Here’s one idea that Samsung could safely copy from Apple. As a proportion of its $221 billion market capitalization, the South Korean giant’s near $40 billion cash pile is almost as big as that of its U.S. arch rival. With reserves accumulating fast, it can afford to mimic Apple by giving more to investors.

Oct 25, 2013 15:30 UTC

Review: Buffett clan puts up a good food fight

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

Warren Buffett has made billions of dollars investing and his farmer son is helping give them away. In the new book “Forty Chances,” Howard Graham Buffett chronicles his efforts with his own son Howard Warren to combat the mind-boggling inefficiencies and bad philanthropic habits that get in the way of ending world hunger. It’s hard at times to relate to the plight, but reassuring to know the Buffett family is on the case.

Oct 25, 2013 10:08 UTC

Carney shows touching faith in financial regulation

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By Peter Thal Larsen and Edward Hadas

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

Mark Carney has made a clean break with his predecessor. Thursday’s unabashedly pro-finance speech from the new governor of the UK central bank was quite different from anything that Mervyn King would have said. King thought larger banks inevitably brought moral hazard. Carney said “it is not for the Bank of England to decide how big the financial sector should be.”

Oct 25, 2013 05:38 UTC

HK anti-foreigner property tax hits wrong target

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By Peter Thal Larsen

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

Hong Kong’s assault on foreign property speculators has hit the wrong target. It’s a year since the territory took aim at non-resident apartment buyers by forcing them to pay an extra 15 percent stamp duty. The drastic move has cooled demand for luxury flats and prompted investors from mainland China to look elsewhere. But the smaller flats that Hong Kong citizens care about most are still getting more expensive.

Oct 24, 2013 08:14 UTC

China bank IPO shows rewards of financial alchemy

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By John Foley 

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

Financial innovation is paying off for Bank of Chongqing, a small Chinese lender preparing for a $2 billion stock market listing in Hong Kong. What sets the bank apart isn’t its enviable 32 percent return on equity, but its copious use of what might be China’s most baffling securities.

Oct 23, 2013 14:33 UTC

ECB’s bank review balances pragmatism and pain

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By George Hay and Neil Unmack

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

The European Central Bank has struck a balance between pragmatism and pain. The euro zone’s central bank has lifted the veil on its balance sheet review of 124 banks it will supervise from the end of next year. It has slightly pulled its punches, but in ways that might be justified.

Oct 23, 2013 04:13 UTC

Li Ka-shing still has what investors want

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By Una Galani

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

Li Ka-shing may be an octogenarian but he still knows when to buy and sell. An analysis of 16 listed parts of the Hong Kong tycoon’s telecoms-to-energy empire, with a combined market capitalization of more than $170 billion, shows a mixed record of delivering shareholder returns. Yet Li’s flagship holding companies have matched or beaten the market over the past two and five years. For investors, it pays to invest as close as possible to the man himself.

Oct 22, 2013 18:13 UTC

Blueprint for new BoE could start with rebrand

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By Dominic Elliott and Christopher Hughes
The authors are Reuters Breakingviews columnists. The opinions expressed are his own.


Bank of England Governor Mark Carney has hired McKinsey and Deloitte to advise on strategy. Breakingviews imagines what the consultancies might recommend.