Peter's Feed
Apr 15, 2015
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China’s stock market is poor proxy for its economy

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

China’s economy is growing at its slowest rate in six years. Yet the Shanghai stock market is at seven-year highs. The disconnect seems strange, but is not unusual. Until equity starts to play a bigger role in financing Chinese business, the link between share prices and the broader economy will remain hard to discern.

Apr 15, 2015
via Breakingviews

China’s stock market is poor proxy for its economy

Photo

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

China’s economy is growing at its slowest rate in six years. Yet the Shanghai stock market is at seven-year highs. The disconnect seems strange, but is not unusual. Until equity starts to play a bigger role in financing Chinese business, the link between share prices and the broader economy will remain hard to discern.

Apr 8, 2015
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Why silencing short-sellers is futile

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

Arnaud Vagner is about to become a legal guinea pig. Noble Group, the Singapore-based commodity trader, blames the Hong Kong-based former credit analyst for conspiring to drive down its share price. A court is soon expected to hear Noble’s claim against Vagner, who it says worked for the company until he was fired less than two years ago.

Apr 8, 2015
via Breakingviews

Why silencing short-sellers is futile

Photo

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

Arnaud Vagner is about to become a legal guinea pig. Noble Group, the Singapore-based commodity trader, blames the Hong Kong-based former credit analyst for conspiring to drive down its share price. A court is soon expected to hear Noble’s claim against Vagner, who it says worked for the company until he was fired less than two years ago.

Mar 20, 2015
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China’s world bank has rickety foundations

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

If any country knows about the risks and rewards of building infrastructure, it is China. Over the past two decades, the People’s Republic has erected countless roads, dams, power plants, bridges and airports in its pursuit of economic development. The result has been a surge in debt, waste, corruption and pollution. It’s a dubious foundation from which to construct the new Asian Infrastructure Investment Bank.

Mar 16, 2015
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GE’s crumbs make for Australian buyout feast

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By Peter Thal Larsen

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

General Electric’s desire to shrink its finance arm has served up a takeover feast down under. The sale of the U.S. conglomerate’s Australian consumer lending business ranks as the country’s largest-ever private equity transaction. But it’s little more than a rounding error on GE’s balance sheet.

Mar 16, 2015
via Breakingviews

GE’s crumbs make for Australian buyout feast

Photo

By Peter Thal Larsen

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

General Electric’s desire to shrink its finance arm has served up a takeover feast down under. The sale of the U.S. conglomerate’s Australian consumer lending business ranks as the country’s largest-ever private equity transaction. But it’s little more than a rounding error on GE’s balance sheet.

Mar 10, 2015
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Credit Suisse buys some insurance with Pru CEO

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By Peter Thal Larsen

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

So much for the banking brain drain. Credit Suisse is hiring Tidjane Thiam from UK insurer Prudential to replace veteran CEO Brady Dougan, according to people familiar with the matter. It’s a surprising vote of confidence in the Swiss institution, and the industry.

Mar 10, 2015
via Breakingviews

Credit Suisse buys some insurance with Pru CEO

Photo

By Peter Thal Larsen

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

So much for the banking brain drain. Credit Suisse is hiring Tidjane Thiam from UK insurer Prudential to replace veteran CEO Brady Dougan, according to people familiar with the matter. It’s a surprising vote of confidence in the Swiss institution, and the industry.

Mar 9, 2015
via Breakingviews

Kaisa haircut is bad omen for China property debt

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By Peter Thal Larsen

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

Kaisa’s haircut for offshore bondholders is a bad omen for China’s property sector. The troubled developer’s ballooning debt and evaporating cash leaves creditors with little choice but to accept a restructuring that proposes to lower interest payments and extend maturities by five years on $2.3 billion of offshore bonds. The bigger question for investors is whether Kaisa is an isolated case.

    • About Peter

      "Peter is Assistant Editor of Reuters Breakingviews, based in London. 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 the paper’s 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 and their aftermath. A Dutch national, Peter has degrees from Bristol University and the London School of Economics."
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