Jul 10, 2014 17:57 UTC

Portugal in race against time to sort out BES

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By George Hay and Neil Unmack

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

Lisbon needs to sort out Banco Espirito Santo – fast. Despite a recent successful rights issue, Portugal’s second-largest bank by value has a troubled major shareholder and a large exposure to shaky Angolan loans. With Portuguese bond yields up 40 basis points since July 7 and domestic bank shares tanking, a speedy restructuring is needed.

Jul 10, 2014 14:22 UTC

Capital crisis making Italy SpA stronger

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By Rob Cox

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

A procession of Italian industrialists and financiers slipped through the alleyways behind La Scala opera house two weeks ago to discuss the legacy of the man whose name adorns the piazza outside the building where they met: Enrico Cuccia. The group, ranging from a former Treasury minister to an iconoclastic fashion mogul, shared stories of the founder of Mediobanca, who’d passed away 14 years to the day. Yet for all the nostalgia that afternoon, absent was any obvious desire to turn back the clock to the days when Mediobanca was the unchallenged puppet-master of Italian business.

Jul 10, 2014 11:09 UTC

“Seller beware” when profiting from market calm

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By Swaha Pattanaik

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

Seller beware. That is an unusual warning, but it applies right now to the options market. Sellers of protection against large price moves have been pocketing gains. But many will suffer losses if markets become less calm.

Jul 10, 2014 06:29 UTC

Capital flight crackdown would hurt outside China

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By Peter Thal Larsen

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

A Chinese crackdown on capital flight would be felt around the world. The government has long tolerated some cash finding its way around the country’s financial border controls. If Beijing decides to plug the leaks then banks, casinos and overseas property markets would suffer.

Jul 9, 2014 05:50 UTC

Close presidential race may slow Indonesia reforms

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By Andy Mukherjee

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

Indonesia’s tight presidential race could diminish the country’s chances of finding decisive leadership to execute urgent reforms.

Jul 8, 2014 06:31 UTC

Internet ads add up for China’s party mouthpiece

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By Katrina Hamlin

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

Xinhuanet is an investment rarity: an online media group that is both fast-growing and profitable.  Booming advertising revenue is propelling the digital arm of China’s state-owned news agency Xinhua towards an initial public offering that could value it at close to $1 billion. Its success doesn’t depend on headlines or scoops, but on being the Communist Pary’s main mouthpiece.

Jul 7, 2014 07:01 UTC

Beijing Motor IPO lifts bonnet on China carmakers

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By Ethan Bilby 

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

Beijing Motor is offering investors a glimpse under the bonnet of the Chinese auto industry. The carmaker part-owned by Germany’s Daimler is planning a Hong Kong listing it hopes will help it cash in on China’s expanding demand for new vehicles. But its profitability depends entirely on joint ventures with foreign groups. It’s a reminder that China’s car market has two speeds.

Jul 3, 2014 05:56 UTC

Hong Kong democracy debate puts business on spot

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By Peter Thal Larsen 

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

Hong Kong’s democracy debate has put Western businesses on the spot. Hundreds of thousands of citizens are engaged in a public showdown over a new system for conducting elections in the former UK colony. The standoff has prompted questions about Hong Kong’s future as an efficient and well-ordered financial centre. But warnings of potential disruption miss the point.

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Jul 3, 2014 05:29 UTC

China index: economy looking slower than slow

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By Katrina Hamlin

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

Our index fell to 88.6 in May, its lowest reading since 2009. Exports recovered, but the domestic economy was weaker: truck sales and rail freight volumes fell, while growth in sales of residential property was at its lowest level in over a year.

Jul 2, 2014 07:50 UTC

Macau revenue drop augurs further slowdown

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By Ethan Bilby

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

Even Macau isn’t immune to China’s e-commerce boom. Online betting on soccer’s World Cup may have contributed to the first year-on-year drop in the enclave’s gaming revenue since 2010. That’s okay as long as tourist numbers keep rising.