Text size [+][-] Thursday March 18 2010GLOBAL EDITION
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Western policymakers agree on the need to spot and prick future financial bubbles. But as the FSA's Adair Turner rightly points out, tweaking banks' capital ratios will not be sufficient to prevent excesses. Regulators may also need powers to stop people from borrowing too much.
A judge has ruled that the U.S. bank doesn't deserve the full fees it claimed for defending an Australian mining client. Rewarding advisers only for their actual efforts sounds alluring. But clients do fine from the status quo. When big deals fail, advisers often get nothing.
The Indian telco is close to securing debt financing for its $10.7 bln offer to buy African assets from Kuwait's Zain. But this will leave Bharti highly geared when it has big investment requirements. If the deal happens, investors should expect an equity issue soon afterwards.
Britain can't cut greenhouse gas emissions by 80 percent by 2050. A cold-eyed report from the UK's national academy for engineering stops just short of saying this -- but effectively concludes that no plausible scenario will see the target met. It's a welcome blast of reality.
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. Breakingviews has recently been acquired by Thomson Reuters and is now Reuters’ brand for financial commentary. Every day, we comment on the big financial stories as they break. Breakingviews has around 30 columnists based in London, New York, Hong Kong, Paris, Washington, Moscow and Madrid. We also syndicate selected columns on Reuters.com and in 15 influential newspapers including The New York Times, The Telegraph, The International Herald Tribune and Le Monde.
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Even when you don't agree, it still makes you think. Charles Sherwood, partner and member of the board, Permira
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