Jan 31, 2014 11:30 UTC

Emerging vacuum a harbinger of global downdraught

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By Ian Campbell

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

Emerging economy policymakers are wailing, understandably. But they can’t expect some magical coordination of global monetary policy. U.S. tightening is essential to curb global bubbles. Emerging markets are the first victims. They won’t be the last.

Jan 30, 2014 18:04 UTC

Lenovo’s M&A spree challenges investors’ faith

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By Ethan Bilby and Peter Thal Larsen
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Lenovo prides itself on being a modern multinational, but its approach to divulging information remains frustratingly old-school. The Chinese group is buying Google’s Motorola phone business just a week after picking up IBM’s low-end server unit. Adding the two loss-making divisions to its portfolio will cost up to $5.2 billion in cash and stock. Though there’s some strategic logic, shareholders have little way of working out whether the deals stack up.

Jan 30, 2014 12:15 UTC
Edward Hadas

Markets give central bankers lessons in humility

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By Edward Hadas

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

Markets are teaching central bankers some hard lessons. The monetary authorities in developed economies are learning how hard it is to switch direction. And emerging markets are showing that no policy rate is right when the economy is wrong.

Jan 29, 2014 18:52 UTC

Sotheby’s revamps financial science – now for art

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By Richard Beales

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

Sotheby’s is revamping its financial science – now for the art. The auctioneer’s stock popped, at least initially, on Wednesday’s news of a $300 million special dividend and new criteria for investment. The plan addresses some aspects of the critique by activist investor Dan Loeb. But governance and broader strategy remain at issue.

Jan 29, 2014 06:43 UTC

Apple numbers show scale of China challenge

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By Ethan Bilby

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

Apple may be a dominant player in flogging smartphones in most of the world, but it’s still an also-ran in China. Disappointing global sales increase the pressure on the iPhone maker to gain ground in the People’s Republic. Though its deal with China Mobile should provide a boost, lower-cost rivals will limit its market share gains.

Jan 28, 2014 18:58 UTC

Travel tech IPO charts familiar round trip

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

Another big pre-crisis buyout is heading for an unexpectedly safe landing. Seven years after taking travel technology company Sabre private for $5 billion, owners TPG and Silver Lake Partners are making the round-trip return to public markets. It’s one of many boom-time deals whose badly timed takeoff led to a bumpy ride.

Jan 28, 2014 05:46 UTC

Exportless recovery adds to emerging market risks

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By Andy Mukherjee

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

The devaluation of the Argentine peso has shaken investors. It’s not exactly an emerging market crisis, but cracks are beginning to emerge in the cheery consensus about the global economy’s prospects in 2014.

Jan 27, 2014 16:34 UTC
Edward Hadas

Markets could be their own worst enemy in fear binge

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By Edward Hadas

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

The optimistic investor consensus about 2014 is in danger of disappearing. Investors seem to be having second thoughts about the thesis that GDP growth would be reasonably strong almost everywhere and financial problems would not reach disruptive levels. Markets tumbled last week and have continued to weaken. If investors do not calm down soon, they could spark the crisis they fear most.

Jan 26, 2014 20:00 UTC

Apple’s stubbornness on full show before earnings

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By Robert Cyran

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

Apple’s stubbornness is on show before its quarterly earnings report, expected on Monday. The longevity of the Macintosh computer, 30 years old on Friday, is one sign of Apple’s persistence. Sure, the company occasionally bows to external demands – but rarely admits it. It will add to its product lineup and, as investor Carl Icahn is demanding, it will one day return more cash to shareholders. But outside pressure won’t get any credit.

Jan 24, 2014 20:38 UTC

Dimon’s pay represents board’s own whale of a fail

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By Antony Currie

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

Jamie Dimon’s bonus represents another whale of a fail for JPMorgan. The board’s decision to give its chairman and chief executive a 73 percent raise, to $20 million, is unjustifiable after last year’s performance. Shareholders should have a loud say against this pay – and lead director Lee Raymond.