Aug 7, 2013 13:56 UTC

Gold warns markets of an anxious September

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By Ian Campbell

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

Gold may again be sending a warning to markets. Its price is again on a losing run, the most sustained since its spring cataclysm. The likely reason is that fears of a September tightening in U.S. monetary policy are reviving.

Aug 7, 2013 04:00 UTC

How Raghuram Rajan can end India’s mini-crisis

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By Andy Mukherjee

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

Raghuram Rajan must show he is as good at managing financial crises as he is at predicting them. When he was chief economist of the International Monetary Fund, Rajan was a prescient critic of a finance-fuelled credit boom, warning of “hidden tail risks” as early as 2005. His first task as India’s new central bank governor will be to avert the country’s looming currency crisis.

Aug 6, 2013 07:37 UTC

Sony brush-off won’t end Dan Loeb campaign

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By Peter Thal Larsen

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

The tussle over Sony may be the most courteous shareholder battle ever. Back in May, hedge fund manager Dan Loeb respectfully suggested the company spin off a stake in its entertainment arm. Now the Japanese group’s board has politely rejected the idea. But the activist appears to be digging in for the long haul.

Aug 6, 2013 01:54 UTC

Wash Post shows NY Times way to trophy status

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By Rob Cox

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

Jeff Bezos has confirmed what investors long ago concluded. Newspapers in the United States and other developed markets have ceased to be attractive businesses – they are toys for today’s plutocrats. The Amazon founder’s $250 million purchase of the famed Washington Post offers a template for the last few holdouts in the industry, chief among them the New York Times Co’s Sulzberger family.

Aug 5, 2013 14:51 UTC
Edward Hadas

Markets, central bankers face strange new world

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By Edward Hadas

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

Reality is not cooperating with conventional economic thinking. Relative to what theory teaches, there is too little growth, too little inflation and too much enthusiasm in stock markets.

Aug 5, 2013 08:54 UTC

Milk scare exposes New Zealand’s dairy dependency

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By Peter Thal Larsen 

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

New Zealand’s dairy scare has exposed its dependence on milk. A warning about contaminated products at Fonterra, the country’s largest producer, has triggered recalls and temporary import bans around the world. The immediate fallout may be limited. But it’s a reminder that, with milk generating a quarter of its exports, New Zealand remains vulnerable to food scares.

Aug 2, 2013 15:52 UTC

Berlusconi verdict weakens Italian reform drive

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By Neil Unmack

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

Berlusconi’s conviction leaves Italy’s government weaker, but not broken. The media mogul-cum-politician lost his final appeal on his conviction for tax fraud, which will exacerbate tensions within Rome’s ruling coalition of the centre left and right. Yet neither party wants to face their electorate for now. That means a crisis isn’t imminent – but the prospect of a political consensus that would allow serious reform is now more remote.

Aug 1, 2013 09:16 UTC

Indonesia biggest loser from bank merger flop

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By Peter Thal Larsen

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

There are no winners from DBS’s failed takeover of Indonesia’s Danamon. But the biggest loser is Indonesia’s attractiveness as a destination for foreign investment.

Jul 31, 2013 09:40 UTC

Mongolia’s economic fairytale faces reality check

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By Peter Thal Larsen

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

Mongolia’s fairytale economic boom is developing cracks. The failure of the country’s fifth-largest bank and delays to the development of its giant copper mine underscores fears that its growth potential is built on shaky foundations. Yet greater economic realism may ultimately be welcome.

Jul 30, 2013 04:52 UTC

Gift coupons could sweeten Japan’s sales tax pill

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By Andy Mukherjee

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

Shinzo Abe mustn’t be coy about raising Japan’s sales tax. A plan to double the country’s consumption levy is crucial to convincing bondholders that public debt won’t spiral out of control. If the prime minister is worried demand will take a hit, shopping vouchers could limit the damage.