Breakingviews

China insurers’ worst habits go almost unchecked

July 26, 2016

The insurance watchdog is looking for trouble in the wrong places. It is warning over the industry’s riskiest investments from corporate raiding to big M&A. But it could do more to rein in the high-yielding products insurers offer that underpin the hunt for outsize returns.

Verizon doubles down on ancient web history

July 25, 2016

The telecom giant is spending $4.8 bln on Yahoo's core business. CEO Lowell McAdam is betting he can attract digital advertisers by meshing the internet-search firm with AOL, another 1990s high-flier Verizon bought last year. Trouble is, Facebook and Google are too far ahead.

Bloomberg gives Clinton big wet Wall Street kiss

By Rob Cox
July 25, 2016

The former Republican New York mayor, who considered an independent run for president, will endorse the Democratic nominee at the party's convention this week. Bloomberg's backing will play like an endorsement from the financial-industry plutocracy. Clinton could do without that.

UK slaps capitalism in its “unacceptable” face

July 25, 2016

Lawmakers angry at retailer BHS's collapse are mulling further regulation to protect jobs and pensions. The fiasco epitomises what Prime Minister Theresa May decries as "anything goes" business. It takes UK corporate life into interesting - and potentially painful - moral areas.

Indian tycoon’s sweetened Cairn bid is still sour

July 25, 2016

Anil Agarwal's mining group Vedanta has upped its offer to buy out the minorities of its cash-rich Indian subsidiary. The 9 percent premium looks far from compelling. The fate of the $2.4 bln bid rests with Cairn India's two largest outside investors.

Clinton and Kaine become globalization’s defenders

July 23, 2016

The Democratic presidential candidate selected Virginia Senator Tim Kaine as her running mate. The former governor is a moderate who backed trade deals in the past. Their first task will be to win over liberals who supported Bernie Sanders and are being courted by Donald Trump.

from Viewsroom:

Viewsroom: Republican convention, Tesla, banks

July 22, 2016

The confab to anoint Donald Trump the GOP presidential candidate is full of controversy, but short on business support and cogent financial policy. Tesla boss Elon Musk unveils his master plan, to underwhelming response. And there are silver linings to recent ho-hum bank results.

Chancellor: Inequality breeds outbreak of populism

July 22, 2016

The rich have enjoyed most of the fruits of globalisation, just as they did in 19th-century America. Unless politicians can enact benign policies to rectify the widening gap between the have-somes and have-lots, more unpleasant alternatives will loom on the horizon.

Review: Trump foretold his own grander artifice

By Rob Cox
July 22, 2016

Despite recent misgivings by its ghostwriter, "Art of the Deal" is a useful volume to revisit as the Republican convention points to the November election. The blustery façade even in 1987 masked a dearth of substance. Potemkin showmanship was, and is, Trump's greatest skill.

Sports Direct scandal debunks UK employment glory

July 22, 2016

UK lawmakers have issued a damning report on the retailer and say working conditions hark back to Victorian times. Founder Mike Ashley has big problems to fix. But there’s a wider economic malaise if workers put up with such poor treatment even when the jobless rate is very low.