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May 31, 2013
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Bubble in bubbles has further to inflate

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By Peter Thal Larsen

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

Just as generals always fight the last war, investors tend to obsess over past crises. Six years after the peak of the credit bubble, some are convinced another one is being inflated. Use of the word “bubble” is on the rise. But this obsession may still be some way from popping.

May 14, 2013
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Dan Loeb‘s breakup plan deserves Sony’s ear

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By Peter Thal Larsen

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

Dan Loeb is taking Japan’s economic renaissance at face value: the hedge fund manager wants Sony to spin off its entertainment arm. Though activists rarely prevail in Japan, Loeb’s idea may have merits. The electronics giant should take him seriously.

May 8, 2013
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Man Utd about to discover Fergie’s true worth

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By Peter Thal Larsen

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

Alex Ferguson’s retirement should worry Manchester United’s fans and investors as much as it delights long-suffering rivals. His triumphant 26-year reign has gone hand-in-hand with the soccer club’s equally impressive financial rise. Ferguson’s departure will reveal how much of that value depends on the manager.

May 7, 2013
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Hong Kong dockers’ pay sets tone for future strife

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By Peter Thal Larsen

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

Hong Kong’s port strike is over, but the tensions that sparked it remain. Dockers are feeling the squeeze of Hong Kong’s rising living costs, while port operators face challenges from China’s slowing and shifting economy. Labour relations look set to stay tense.

May 2, 2013
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Why China’s “Minsky moment” may be a long way off

By Peter Thal Larsen

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

China may be a long way from its “Minsky moment”. Rising leverage has prompted many to predict the kind of financial meltdown theorized by the economist Hyman Minsky. But China’s closed, state-controlled system is well placed to postpone such market panics. The bigger challenge is managing social tensions arising from slowing growth.

Apr 30, 2013
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Alibaba spots pricey treasure in Weibo’s network

By Peter Thal Larsen

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

Alibaba has spotted hidden treasure in Sina Weibo’s social network. The e-commerce giant is paying a punchy price for roughly 18 percent of China’s microblogging phenomenon, a business that has not yet celebrated its fourth birthday and is still working out how to generate revenue.

Apr 26, 2013
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Japan lifts Nomura from its lost half decade

By Peter Thal Larsen

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

Nomura has spent most of the past five years trying to break out of Japan. So it’s ironic that the investment bank’s best full-year results since 2007 were propelled by a revival at home. As with Japan’s economic renaissance, however, investors’ hopes are running ahead of reality.

Apr 22, 2013
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“Schwarzman scholarships” have many beneficiaries

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By Peter Thal Larsen

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

Steve Schwarzman is giving something back – to China. The Blackstone founder is contributing his name, and $100 million of his private wealth, to kick-start a scholarship programme at Beijing’s Tsinghua University. The programme may not be entirely philanthropic: China lost much more investing in his buyout firm’s initial public offering. But there will still be many beneficiaries if the scheme helps Western and Chinese elites understand each other better.

Apr 18, 2013
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Radical career move: become a Chinese citizen

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By Peter Thal Larsen

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

Here’s a radical career choice for investment bankers: become a Chinese citizen. American-born Marshall Nicholson has swapped his U.S. citizenship for a Hong Kong passport. Though the move is largely for family reasons, it will also go down well with clients on the mainland. For Western financiers seeking a local edge, it’s the ultimate display of commitment.

Apr 16, 2013
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Weaker yen won’t halt Japan Inc’s overseas spree

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By Peter Thal Larsen

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

A weaker yen won’t reverse Japan Inc’s overseas M&A drive. While a strong currency, low interest rates and a stagnant home market fuelled an international shopping spree in 2012, the promise of a domestic revival under new Prime Minister Shinzo Abe has caused buyers to temporarily put away their wallets. But even so-called Abenomics can’t cure Japan’s ageing and shrinking population.

    • 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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