Modi chooses awkward time for UK rock star welcome

November 9, 2015

India’s prime minister will address a crowd of 60,000 at London’s Wembley Stadium this week. Courting the diaspora makes sense. But the rapturous welcome is out of tune with UK-India business ties and a big local election defeat at home, where Modi mania is definitely over.

D-day nears for Tata Steel as Europe woes grow

November 6, 2015

The Indian steelmaker has written off another $1.3 billion at its ailing European division. Under pressure from cheap Chinese imports, the unit’s EBITDA has turned negative. Tata will need to make tough choices about the business it bought in 2007 sooner rather than later.

VW skids further into the emissions scandal ditch

November 3, 2015

U.S. regulators accuse the carmaker of putting devices that fool pollution tests on even more autos, including Porsches and a wider array of Audis. If true, the claims would contradict VW’s defense, expose the company’s internal probe as hapless and drag its new CEO into the mire.

Dimon diaspora extends to Barclays

October 13, 2015

Jes Staley, JPMorgan’s onetime investment banking chief, is poised to be the UK lender’s next boss. He would join a coterie of Jamie Dimon’s former lieutenants now in CEO roles including at First Data, Visa and StanChart. Staley will put the mega-bank skills to the biggest test.

Tesco’s South Korean unit stacks up for a buyout

June 9, 2015

A disposal for around $6 bln would do much to fix the British grocer’s strained balance sheet. Tesco might not miss the Korean earnings that much either. It’s hard to see trade buyers bidding up the price. But it presents a rare opportunity for private equity in Asia.

UK politics is failing the trust test

By Hugo Dixon
May 4, 2015

In the run-up to the May 7 election, the public has lambasted leaders of the established parties for breaking promises and lack of candour. While the critique is healthy, Britain has yet to give birth to leaders who score high on integrity. This is needed, not just in the UK.

World’s swelling debt calls for radical surgery

February 5, 2015

Despite promises to deleverage, global borrowing has increased by $57 trillion since 2007, according to McKinsey. It’s hard to see economies growing their way back to prudence. Shrinking the pile will require borrowers to seek relief – and some creditors to cancel their claims.

New tech battlegrounds pitch East against West

January 9, 2015

Tech titans that have conquered their home markets are targeting new ones, like India and Indonesia, where leaders are yet to be crowned. Tie-ups between Japan’s SoftBank and e-commerce groups in Asia may signal a trend that could put Silicon Valley at a disadvantage.

Response to Paris attacks caught between two risks

By Pierre Briancon
January 8, 2015

The killings at the Charlie Hebdo weekly put French and European authorities at the confluence of two dangers – individual acts of violence and excessive countermeasures. Fringe parties may benefit if the response is too weak. Media freedom might suffer if it is too strong.

Crude slump will stoke European oil and gas M&A

January 2, 2015

The sharp drop in the price of Brent might make it harder to get deals done in the short term. But if the downturn persists, financial distress will put some small players in play. Larger, more defensive mergers, designed to create value by sharing costs, are also possible.