Chris Swann is a Reuters Breakingviews columnist, based in New York. He writes about hedge funds, commodities and asset management. He joined from Bloomberg News, where he covered global poverty issues and the International Monetary Fund. From 1997 to 2006 Chris was a reporter at the Financial Times in a variety of roles including currency correspondent, economics reporter and columnist on Lex. He has a first-class degree in History from Oxford University, and has also studied piano performance at the University of Michigan and International Relations at Cambridge.
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The IMF chief is under investigation for signing off on a 403 million euro payout to a French tycoon. Her predecessor DSK and former World Bank boss Wolfowitz were both ousted for misconduct. Christine Lagarde, though, has few enemies. Being dull may prove her saving grace.
The U.S. power company once tried to buy Enron and eventually went bust after a spat with activist Carl Icahn. Two years out of bankruptcy, Dynegy is roughly doubling its business with two deals. They look sensible, but the lesson from the past is to avoid getting carried away.
President Dilma Rousseff chose the wrong tool to reduce the country’s sky-high electricity bills. Back in 2012, she forced utilities to cut prices. Helped by a drought, that has brought financial losses and bailouts. Now Brazil faces rationing, a bump in prices, or both.
- Venezuela digs way to distressed seller status
- Petrobras woes go way beyond Brazilian president
- Kinder Morgan's large-number solution: get bigger
- Virgin America needs clear skies for IPO to fly
- Pemex troubles could drag down Mexican oil
- Chevron's gas deal setback a blessing in disguise
- Exxon's Q2 production slump not as bad as it seems