Text size [+][-] Tuesday February 9 2010GLOBAL EDITION
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The gas pedal fault has already erased close to Ford's market cap from the Japanese automaker's valuation. Its iconic hybrid's brake woes make Toyota's quality problems look endemic. The company's recent estimate of a $2 bln one-off hit is rapidly fading in the rear-view mirror.
Hector Sants is to step down from the regulator in the summer. Given the FSA's uncertain future after this year's UK election, it's no surprise that he is making his plans known now. Sants will not be short of job offers. But FSA staff now have another reason to jump ship.
Debt-burdened governments are sitting on about 56.1 billion euros of part-privatised telecoms groups. The rationale for secondary offerings is strong. Sizeable issuance could be digestible should governments decide to let go.
The African nation is the latest to squeeze an oil major to retain more profit from resources. True, national energy firms are quickly gaining the expertise to push for better deals. But by playing hardball with Big Oil, Ghana may wind up with a bigger slice of a smaller pie.
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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