Nov 20, 2013 05:43 UTC

Chinese “fixers” speak to Wall Street weakness

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By John Foley 

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

Wall Street banks used to argue privately that hiring consultants in China was the only way to get ahead. Now their worth is under the spotlight, after the New York Times reported that JPMorgan Chase paid $1.8 million to a two-person consultancy run by the daughter of Wen Jiabao, then China’s premier. The real mystery is why banks that have been in China for so long still need the extra help.

Nov 18, 2013 04:24 UTC

The ‘Abe put’ will keep Japanese equities buoyed

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By Peter Thal Larsen

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

Say sayonara to the “Bernanke put” and hello to Shinzo Abe’s alternative. While the Federal Reserve chairman developed a reputation for supporting the price of bonds, the Japanese prime minister’s reforms are designed to push up stock prices.

Nov 14, 2013 04:26 UTC

Nirvana eludes Japan after one year of Abenomics

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By Andy Mukherjee

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

The economic nirvana promised by Shinzo Abe when launching his bid to become prime minister a year ago continues to elude Japan.

Nov 13, 2013 07:44 UTC

Four ways to tell China is serious about markets

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By John Foley 

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

China’s new buzzword is “decisive”. That’s how the ruling party described the role it wants markets to play in the economy. It’s hard to see whether it’s more than just talk. But there are four visible ways to tell whether China means business.

Nov 13, 2013 03:46 UTC

Japan index: Risks to GDP growth recede

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By Andy Mukherjee

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

Breakingviews’ Abenomics Index rose the most in six months in September. The gain would have been higher but for Japan’s unusual current account deficit. Higher revised values for July and August suggest the risk of a significant slowdown in third-quarter GDP growth has ebbed.

Nov 12, 2013 16:58 UTC

China plenum is far cry from what might have been

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By John Foley

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

China’s third plenum was a study in anti-performance. This meeting of the ruling party’s top figures traditionally gives each new generation of leaders an opportunity to make big gestures. What emerged on Nov. 12 was only promising policies wrapped up in bland talk. Yet there is an important message: big economic changes may come, but politics remains a matter for Party insiders only.

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.