Breakingviews

Rob Cox: EU’s new trustbuster begins with a bang

April 21, 2015

Since becoming Brussels’ antitrust chief, Margrethe Vestager has taken action against the twin monsters of the digital and energy worlds: Google and Gazprom. But her battles on the Eastern and Western fronts of market abuse may leave Europe’s M&A boom plenty of room to flourish.

China’s road to West is paved with bold intention

April 20, 2015

President Xi Jinping is expected to sign off on a $46 billion corridor between Western China and Pakistan. The transport link may end up as a security nightmare. But the lure of bringing Europe closer and countering India’s clout in South Asia makes it a tempting idea.

EU’s competition sprawl as worrying as Google’s

April 15, 2015

Europe has accused the web giant of favoring its own shopping search results and broadened the case to include its Android mobile operating system. Investigations and appeals may take a decade. Brussels’ ambitious lack of focus is similar to what threatens ever-expanding Google.

Rob Cox: Race to bottom of global subprime begins

April 7, 2015

A new Chinese-led financial world order is emerging to challenge the IMF and World Bank. Republican U.S. presidential hopefuls Rand Paul and Ted Cruz are in a way enabling the fledgling framework. The possible competition in the market for national aid money could be worrisome.

Iran deal moves oil closer to long bear market

By Edward Hadas
April 7, 2015

A framework deal to curb Iran’s nuclear program is likely to bring the country’s oil exports way up. Like Saudi Arabia, Iran gains more from market share than it loses from low prices. Higher-cost producers will take time to adjust.

Review: Choking on digital exhaust

April 2, 2015

Government and corporate mass surveillance of citizens is an aberration on a par with child labor or environmental pollution, claims security expert Bruce Schneier in “Data and Goliath.” He offers a rousing call for resistance, and hope for change - a few decades hence.

California drought may find relief from Down Under

April 1, 2015

Governor Jerry Brown has ordered a 25 pct cut in water use. With reservoirs and snow caps low, it’s a wise, if belated, move. Now he needs a comprehensive plan for identifying new sources, reallocating existing ones and getting citizens to buy in. Melbourne offers a good model.

Nigeria’s democratic change is a real positive

By Edward Hadas
April 1, 2015

Africa’s biggest economy is set for its first peaceful transfer of power. Election winner Muhammadu Buhari, a 1980s junta leader, will find ruling harder now. Meaningful reform will take years. Still, better governance is good news for the populace and outside investors alike.

Silicon Valley’s noble goals hit home in Indiana

March 31, 2015

Apple, Google and other technology companies often fall short of promises to make the world a better place. Opposing discriminatory laws in the Hoosier State and elsewhere could make up for lost ground. An economic boycott helps put weight behind the industry’s lofty ideals.

Clipping Indian central bank’s wings is bad idea

March 30, 2015

The Reserve Bank of India is facing a campaign to undermine it. Subjecting its regulatory decisions to judicial review will erode its authority. Removing the bond market from its control serves little purpose. Investors can live with a bossy RBI, but not a weak one.