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Saturday, 01 August 2015

Asia

A paramilitary policeman stands guard while fireworks explode during the opening ceremony of the Beijing 2008 Paralympic Games at the National Stadium September 6, 2008.

Olympics committee gets it right with Beijing 2022

31 July 2015

The Winter Games won’t boost China’s growth, end repression, or win the country much extra respect. It might help soft power, but then most countries already do whatever China asks. Freed from such false hopes, everyone can sit back, have fun and admire the fake snow. 

An employee arranges vegetables in the fresh foods section.

Carrefour suggests Tesco can retain global goals

31 July 2015

The French retailer is performing better in Latin America and Asia than at home, while its similarly sized UK rival might sell foreign assets to relieve balance-sheet strain. But if Tesco can live with the debt, it might be emboldened by Carrefour’s global shopping experience.

British American Tobacco Cigarette Factory (BAT) in Bayreuth

Philip Morris can cut down easily in Jakarta

31 July 2015

The tobacco giant must lift the free float of its Indonesian unit. The potential $1.5 billion sell-down comes as an economic slowdown hits cigarette sales. Luckily for the Marlboro man, investors can hardly ignore a share sale by the country’s largest listed group.

A resident walks past a branch shop of GOME Electrical Appliance in Hangzhou, Zhejiang province November 24, 2008. REUTERS/Stringer.

Jailed Chinese tycoon's deal deserves a hard time

30 July 2015

Huang Guangyu wants to sell $1.45 bln of stores to GOME, the Chinese electrical chain he founded. The complex, pricey-looking, and as yet poorly explained deal would give him majority control. Outside investors, who get a say, must ask if this is really the best they can get.

Numbers add up to HSBC leaving London

31 July 2015

The global bank is reviewing its head office location based on 11 criteria such as economic importance, transparency and tax. A ranking based on data compiled by Breakingviews shows Singapore, Hong Kong and even Toronto are more attractive than HSBC’s current home base.

Malaysia's Prime Minister Najib Razak arrives at a presentation for government interns at the Prime Minster's office in Putrajaya, Malaysia, July 8, 2015.

Malaysian crisis could do lasting financial damage

30 July 2015

Prime Minister Najib Razak’s sacking of his deputy opens the door to a protracted power struggle. The economy can ill-afford it. Fading consumer and investor confidence and a slumping currency could mean a long period of high interest rates, anaemic growth and soured loans.

Edward Hadas

Edward Hadas: Nikkei joins demographic denial cult

29 July 2015

Nikkei is the latest Japanese company to look for growth outside the shrinking domestic market. Its Financial Times purchase may work out, but the approach is flawed. Few companies can profitably escape their demographic destiny. It may be better to accept steady decline. 

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