Una's Feed
Nov 9, 2015

Modi chooses awkward time for UK rock star welcome

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

By Una Galani

HONG KONG, Nov 9 (Reuters Breakingviews) – Modi mania may be
over but nobody seems to have told the Indian diaspora. Prime
Minister Narendra Modi will address a crowd of around 60,000 at
London’s Wembley Stadium during a three-day visit to the United
Kingdom later this week. After a big election defeat in Bihar,
the country’s third most populous state, the rockstar welcome
looks ill-timed.

Nov 6, 2015
via Breakingviews

D-day nears for Tata Steel as Europe woes grow

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

It’s getting closer to crunch time for Tata Steel. The Indian steelmaker has just taken another $1.3 billion write-down on its European division, which is now bleeding cash with every extra tonne it produces. With no end in sight to the flood of cheap steel from China, the pressure is building on Tata to make tough choices about the future of the ailing Anglo-Dutch unit it bought in 2007.

Nov 5, 2015
via Breakingviews

StanChart shakeup turns screws on India’s tycoons

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

A shake-up at Standard Chartered could finally turn the screws on India’s tycoons. The emerging market lender is slashing costs and shedding billions of dollars of risky assets. That puts Essar, one of India’s most indebted conglomerates, on the spot.

Nov 3, 2015
via Breakingviews

Indian telco M&A calls for closer Ambani ties

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

An Indian telecom merger will help to seal the truce between the billionaire Ambani brothers. Reliance Communications, backed by younger sibling Anil, is buying the Indian unit of Russia’s Sistema, giving the country’s fourth largest mobile operator vital extra spectrum. The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.

Nov 3, 2015
via Breakingviews

Indian telco M&A calls for closer Ambani ties

Photo

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

An Indian telecom merger will help to seal the truce between the billionaire Ambani brothers. Reliance Communications, backed by younger sibling Anil, is buying the Indian unit of Russia’s Sistema, giving the country’s fourth largest mobile operator vital extra spectrum. The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.

Oct 16, 2015
via Breakingviews

Suntory and Tsingtao give cold comfort to MegaBeer

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

A small beer breakup could give cold comfort to a big beer merger. Suntory Beverage & Food may end its three-year-old joint venture with China’s Tsingtao Brewery to sell suds in the People’s Republic. Since teaming up in 2012, industry-wide production volumes have started to shrink. That harsh reality could shake up the world’s biggest market as Anheuser-Busch InBev and SABMiller unite.

Oct 16, 2015
via Breakingviews

Suntory and Tsingtao give cold comfort to MegaBeer

Photo

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

A small beer breakup could give cold comfort to a big beer merger. Suntory Beverage & Food may end its three-year-old joint venture with China’s Tsingtao Brewery to sell suds in the People’s Republic. Since teaming up in 2012, industry-wide production volumes have started to shrink. That harsh reality could shake up the world’s biggest market as Anheuser-Busch InBev and SABMiller unite.

Oct 13, 2015

Indian stock market bright spot warrants caution

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

By Una Galani

HONG KONG, Oct 13 (Reuters Breakingviews) – The return of
sizeable IPOs is another sign Indian equities are defying
emerging-market gloom. The promise of reform in the world’s
fastest-growing large economy has prompted foreign investors to
pile in. But high valuations leave plenty of room for
disappointment.

Oct 6, 2015
via Breakingviews

European crisis will bend but not break Tata Steel

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

Industry woes will bend but not break Tata Steel. The Indian producer has a mountain of debt. Its European business is racking up massive losses as cheap imports flood in from China. Yet a timely refinancing and support from its parent means Tata Steel can avoid the fate of weaker rivals.

Sep 25, 2015
via Breakingviews

Modi offers Silicon Valley the welcome Xi won’t

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

Narendra Modi’s visit to Silicon Valley should be a reminder that size isn’t everything. The Indian leader is heading to California to meet Facebook’s Mark Zuckerberg and visit Google days after U.S. tech titans posed for pictures with his Chinese counterpart Xi Jinping. Though India’s economy is smaller and harder to navigate, at least the door is open to foreign groups.

    • About Una

      "Una Galani is Asia Corporate Finance Columnist of Reuters Breakingviews, based in Hong Kong. She spent three years in Dubai covering the region’s economies in the immediate aftermath of the Arab Spring. Previously, Una wrote on capital markets, mergers and acquisitions, and telecoms across Europe from London. She was commended in the category of Young Financial Journalist at the Harold Wincott Awards for 2009 after joining Breakingviews in 2006. Una read English Literature at Oxford. Follow Una on Twitter @ugalani"
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