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The Big Oil groups already had a profitability issue before prices started falling. There’s no quick fix. They will have to step up efforts to boost cashflow by cutting costs and capex, and selling assets. At least balance sheets aren’t stretched, so dividends are safe – for now.

Occupy misses real threats to Hong Kong's future

Most citizens have shied away from protests calling for electoral reform. Universal suffrage deserves public support, but erosion of rule of law and creeping censorship are bigger threats to prosperity. It’s unlikely these issues will erupt into an open standoff with Beijing.

BofA delivers good governance a kick in the teeth

The mega-bank has given CEO Brian Moynihan the additional title of chairman. The move not only puts too much power in one person’s hands, it reduces the position to a perk that can be granted or taken away, depending on performance. That’s a lousy governance deal for investors.

Cameron takes deficit amnesia to a new level

The UK prime minister crowed when opposition leader Ed Miliband forgot the deficit in a keynote speech. Yet David Cameron has gone further, insisting on the need to tackle the country’s biggest problem and then pledging a tax giveaway. It’s an electoral bribe he can’t afford.

Ebola sets clock ticking on West African economy

Growth may yet survive the deadly epidemic. The last four years’ 28 pct pace isn’t realistic, but controlling the outbreak soon should at least preserve investment. That won’t be easy, given the virus has now spread to the U.S. In saving lives and the economy, every day counts.

Sovereign doom loop haunts EU bank stress tests

The euro zone banking union was meant to start with a robust bank solvency test. Yet national regulators have successfully lobbied the ECB to count deferred tax credits as capital. That restores the state/bank dependency the single banking supervisor is trying to sever.

Hong Kong harmony hits Beijing's worst fears

The tens of thousands of protesters occupying Central send a disturbing message to authorities: unrest can be both disruptive and peaceful. That resonates far more than images of violent conflict. Little wonder China is trying to make sure citizens look the other way.