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Nov 5, 2015
via Breakingviews

Honda snub bursts Takata’s financial force field

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

Honda has punctured Takata’s financial force field. For the past year, shareholders in the Japanese car parts group have mostly brushed off the growing scandal over exploding air bags which have been linked with at least eight deaths. But the carmaker’s announcement that it will stop using Takata air bag inflators has burst the belief that the supplier is too important to fail.

Nov 5, 2015
via Breakingviews

Honda snub bursts Takata’s financial force field

Photo

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

Honda has punctured Takata’s financial force field. For the past year, shareholders in the Japanese car parts group have mostly brushed off the growing scandal over exploding air bags which have been linked with at least eight deaths. But the carmaker’s announcement that it will stop using Takata air bag inflators has burst the belief that the supplier is too important to fail.

Nov 5, 2015
via Breakingviews

Honda snub bursts Takata’s financial force field

Photo

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

Honda has punctured Takata’s financial force field. For the past year, shareholders in the Japanese car parts group have mostly brushed off the growing scandal over exploding air bags which have been linked with at least eight deaths. But the carmaker’s announcement that it will stop using Takata air bag inflators has burst the belief that the supplier is too important to fail.

Nov 3, 2015
via Breakingviews

StanChart faces years of pain for humdrum gain

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

Standard Chartered is embarking on a hard slog back to adequacy. New Chief Executive Bill Winters is slashing costs, shedding risky assets and raising capital. But even if the emerging markets bank’s new plan works, investors face a long wait for a modest return.

Nov 3, 2015
via Breakingviews

StanChart faces years of pain for humdrum gain

Photo

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

Standard Chartered is embarking on a hard slog back to adequacy. New Chief Executive Bill Winters is slashing costs, shedding risky assets and raising capital. But even if the emerging markets bank’s new plan works, investors face a long wait for a modest return.

Nov 3, 2015
via Breakingviews

HSBC’s slow road to China securities could pay off

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

One sure way to upset investment bank bosses is to ask about their securities joint ventures in China. After spending a decade trying to establish a foothold in the People’s Republic, most Western groups have little to show but mounting losses and minimal market share. So it may seem surprising that HSBC is belatedly setting up shop through a joint venture with Shenzhen Qianhai Financial Holdings, a state-owned investor. But its approach has some advantages that could make up for the slow start.

Nov 3, 2015
via Breakingviews

HSBC’s slow road to China securities could pay off

Photo

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

One sure way to upset investment bank bosses is to ask about their securities joint ventures in China. After spending a decade trying to establish a foothold in the People’s Republic, most Western groups have little to show but mounting losses and minimal market share. So it may seem surprising that HSBC is belatedly setting up shop through a joint venture with Shenzhen Qianhai Financial Holdings, a state-owned investor. But its approach has some advantages that could make up for the slow start.

Nov 2, 2015
via Breakingviews

Cleaner and leaner HSBC struggles to grow

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

HSBC is cleaner and leaner but struggling to grow.

The global bank’s third-quarter earnings were free of the big fines and compensation claims that have been a recurring feature in recent years. That suggests hefty investment in compliance may be generating returns. HSBC forked out just $200 million in the latest three-month period to atone for bad behaviour, compared with $1.6 billion a year earlier. Other expenses are falling as executives take a newly-sharpened axe to the bank’s cost base. Asian bad debt provisions were down 30 percent despite worries over an economic slowdown in the region.

Oct 30, 2015
via Breakingviews

BOJ opts to remain conventionally unconventional

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

Forget “shock and awe”: the Bank of Japan’s latest policy is more “calm and disregard”. The central bank on Oct. 30 disappointed observers who expected it to expand an already huge bond-buying programme. The bet is that prices will keep rising once the impact of cheaper oil fades. But any slowdown could yet force the BOJ to take more extreme measures.

Oct 28, 2015
via Breakingviews

Searching for China consumer bellwethers is futile

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

The search for Chinese consumer bellwethers is understandable, but futile. Wary of official data, investors are scouring corporate earnings reports for insights. Yet sales of iPhones or Kentucky Fried Chicken offer only partial and misleading clues about the world’s second-largest economy.

    • About Peter

      "Peter is Asia Editor of Reuters Breakingviews, based in Hong Kong. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks. Follow Peter on Twitter @Peter_TL"
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