Nov 12, 2013 08:03 UTC

Asian tsunami offers lessons for Philippine repair

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By Andy Mukherjee 

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

The Philippines could learn some lessons from the Indian Ocean tsunami. Like the 2004 tidal wave, typhoon Haiyan has caused death and destruction. The next challenge is to manage the economic distortions caused by rebuilding.

Nov 11, 2013 08:01 UTC

Doubly dysfunctional press hinders China cleanup

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By John Foley

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

Graft hurts growth; transparency helps. It sounds simple, but in China, the arrest of a domestic journalist for defamation and heavy-handed treatment of foreign news organisations suggest the message isn’t getting through. A free press can’t make corruption go away on its own. Without one, however, the economic benefits of any clean-up will be limited.

Nov 11, 2013 05:30 UTC

White male banker jabs at finance’s glass ceiling

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By Peter Thal Larsen

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

A white male banker is trying to tackle the finance industry’s glass ceiling. HSBC chief executive Stuart Gulliver has spent the past few years trying to cut costs and raise ethical standards. Now he wants the bank to change its culture in order to attract and retain more senior women. Though the insight is hardly new, it’s significant that a male CEO is publicly acknowledging the problem.

Nov 8, 2013 02:07 UTC

Suntech casts shadow over China capital raisings

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By John Foley 

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

Suntech has gone from solar panel maker to financial black hole. The stricken company is fighting with creditors who want to see it liquidated after it defaulted on interest payments in March. Proposals to sell assets and take Chinese government cash seem unlikely to help investors avoid huge losses. For investors it’s a lesson in what happens when things really go wrong with Chinese companies.

Nov 7, 2013 07:35 UTC

China’s Singles’ Day shows market power of one

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By John Foley

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

China’s retail sector is about to be plunged into collective madness. On Nov. 11, online shoppers are likely to snap up over $4 billion of goods when prices halve in celebration of “Singles’ Day”. Billed as a celebration of unmarried people, the event is actually a cue for massive online discounting. Consumers benefit, but the best deal goes to Alibaba, which reinforces the dominance of its Tmall and Taobao online marketplaces while leaving sellers to do the heavy lifting.

Nov 6, 2013 09:37 UTC

France won’t meet its deficit target. No problem

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By Pierre Briançon

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

The French government will not meet its target of shrinking the budget deficit to 3 percent of GDP by 2015, according to the European Commission’s latest forecasts. Some voices will again call for the Commission to show some nerve, and dare to discipline one of the EU’s big powers for once. This won’t happen, for political reasons. But it shouldn’t – for economic ones. The only sensible response to the projected higher deficit should be: “so what?”

Nov 6, 2013 06:20 UTC

U.S. investors’ love of tech defeats fear of China

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By Peter Thal Larsen

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

For U.S. investors, love of technology has conquered a fear of China. Shareholders are snapping up shares of Chinese internet companies going public stateside. It’s a striking contrast with the recent past, when accounting scams and poor governance prompted many to shun mainland stocks.

Nov 5, 2013 08:15 UTC

China enters era of enlightened numerology

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By John Foley 

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

China has revealed the symbolic number that drives its economic policy: 7.2 percent. That’s the minimum growth rate Premier Li Keqiang says is needed to ensure a stable job market. Fetishising numbers sounds unhealthy for a country raised on central planning, but for China it may be a useful indication of how leaders will balance reform with stability.

Nov 4, 2013 08:38 UTC

Hong Kong’s new marketing ruse: business trusts

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By Una Galani

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

Business trusts are a new marketing ruse for Hong Kong bankers. Injecting whole companies into special-purpose vehicles sounds innovative: even tycoon Li Ka-shing has embraced the idea for the listing of his electricity assets in the territory which could raise $5 billion. But for all the hype, business trusts offer no benefits over a regular initial public offering. They’re mostly a tool for luring in yield-hungry investors.

Oct 31, 2013 01:47 UTC

China Index: Waiting for the Party to start

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By Katrina Hamlin

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

The economy held more or less level in September, despite an unexpected drop-off in exports, according to Breakingviews’ alternative growth index. With new leaders set to reveal plans for the next decade at the “third plenum” later this month, the inertia could be short-lived.