Breakingviews

from Viewsroom:

Viewsroom: M&A overdose, Panama papers, Disney demise

April 8, 2016

The Pfizer-Allergan deal comes to a screeching halt, while a document dump exposes the elite's offshore tax finagling. Plus: An heir apparent loses the keys to the Magic Kingdom.

from The Great Debate:

The Exchange: Garry Kasparov forecasts bloody regime change in Russia

January 20, 2016

Twenty-time world chess champion and Russian opposition leader Garry Kasparov joins opinion editor Jason Fields to discuss Vladimir Putin’s Russia and the dangers of its global influence.

Rob Cox: If FIFA were a country it would be Russia

By Rob Cox
June 2, 2015

The soccer federation run by Sepp Blatter and the Russian one headed by Vladimir Putin operate as baroque patronage systems, their bosses doling out favors from the center. Power derives from keeping constituents both fragmented and well heeled.

Review: Money, theft and death in Putin’s Russia

March 6, 2015

Bill Browder's grandfather was an American communist. The grandson ran a hedge fund which profited during the chaos under Boris Yeltsin. But Browder did not reckon with the hard men of the Putin regime. His book offers some sobering lessons for investors in emerging markets.

Ukraine crisis forced into suspended animation for 2015

December 29, 2014

Markets worried about Europe’s economy in 2014. They will worry about Europe’s security in 2015. EU sanctions over Ukraine will weigh heavily on Russia’s economy. A lot depends on Vladimir Putin, but Europeans need to define what they want sanctions to achieve.

Gazprom/Ukraine dispute is proxy for Putin’s whims

June 16, 2014

The Russian energy group will deliver only pre-paid gas to Ukraine, after talks on $4 bln of overdue bills collapsed. Combine that with renewed hostilities by Russian separatists in the east of the country, and markets were premature in believing that the Ukraine crisis has ended.

Sanctions on Russia will cost less than inaction

April 17, 2014

European leaders blame Russia for the takeover of Ukrainian cities by armed separatists. Yet they’re refraining from further sanctions because it’s not a full-blown invasion. The wavering and waiting will only increase the final price to be paid for Vladimir Putin’s actions.

Russia would pay steep price for Ukraine invasion

April 8, 2014

The pro-Russian agitation in eastern Ukraine has rekindled fears of an intervention from Moscow. But even if Vladimir Putin is tempted, the economic implications will hopefully bring second thoughts. Any Russian invasion would spur costly sanctions and massive capital flight.

Putin’s Russia may not be so stable after all

December 8, 2011

Even though protests against the prime minister party’s vote-rigging have been modest, they show the regime’s vulnerability. The system is corrupt and democracy badly lacking. Stability a-la-Putin requires a strong economy, but growth is slowing. What if Russians have had enough?

Russian economy could lose in state energy grab

November 8, 2012

Vladimir Putin is reneging on his own government’s privatisation pledges and seems intent on structuring the industry around two national champions, Gazprom and Rosneft. Investors tempted by the Russian energy sector should start applying a heavy Kremlin discount.