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Thursday, 05 May 2016

Feature

Antony Currie

Climate change is investment deal of the century

22 April 2016

Reducing carbon dioxide emissions and hitting other sustainability goals will cost trillions of dollars. But it should spur growth and jobs and create the higher-yielding, long-term assets investors crave. Policymakers, though, need to follow through on their pledges, too.

Robyn Mak

Review: A short tour of Jack Ma's virtual mansion

22 April 2016

An insider’s account provides fresh insights into the origins of China’s most successful entrepreneur. Yet the tale of Ma’s rise reveals little about the inner workings of his e-commerce empire. Outsiders are no closer to disentangling Alibaba’s future from its founder.

Rachel Morarjee - Light

Breakdown: Why are Chinese bond defaults surging?

21 April 2016

More state companies are failing to pay bondholders. This is partly necessity amid an economic slowdown, and partly a useful dose of market discipline. But the withdrawal of government support could spook investors, creating a credit drought.

John Foley

Workplace diversity will take more than markets

15 April 2016

Companies that strongly back gay and lesbian rights perform better, a Credit Suisse study finds. If only it were so simple. Corporate inclusiveness is a bit like environmental sustainability or tax avoidance. Rules, not just returns, are what make businesses do the right thing.

Thruppence

Thruppence: High pay in low times

15 April 2016

BP shareholders just blew a raspberry to the oil company’s decision to pay $20 mln to boss Bob Dudley, who oversaw a big loss as the oil price plunged. But is a market downswing exactly when higher rewards are needed? Breakingviews columnists opine.

Rahul Jacob

China and India reform hopes are on hold

15 April 2016

New leaders in both countries raised hopes for restructuring banks and state-owned companies. But current plans are not bold enough while the window for action is narrowing. Beijing’s investment habit and New Delhi’s obstructive bureaucracy are proving stubbornly hard to shift.

Quentin Webb

Deals can help Japan's banks offset dollar drought

13 April 2016

Mega-banks MUFG, SMFG and Mizuho are making new loans abroad faster than they can amass matching deposits. This headache has boosted the cost of swapping funds from yen to dollars, and made regulators in Tokyo wary. Buying smaller U.S. lenders would help reduce the mismatch.

Katrina Hamlin

Breakdown: Green finance grows despite fuzzy logic

11 April 2016

Policymakers are desperate to coax cash into planet-friendly projects to cover the costs of environmental crises and climate change. The latest idea is to label green investments. But the precise benefits are often unclear. Breakingviews offers a guide through the undergrowth.

Edward Chancellor

Review: Stop blaming the world's central bankers

08 April 2016

That’s the message of a new book, “The End of Alchemy”, from the former governor of the Bank of England, Mervyn King. It doesn’t completely wash. Low rates bear much responsibility for seeding the financial crisis - and it was central banks, after all, that set them.

Swaha Pattanaik

How to dodge pitfalls of market Brexit signals

07 April 2016

Currency, bond, stock and credit markets reflect investors’ concern that Britain could leave the EU, but the links aren’t simple. Price signals will become purer closer to the June 23 referendum. Before then, interpreting their message requires a bit more care.