Breakingviews on Twitter
Search League Tables

Monday, 30 May 2016

Asia

Wang Jianlin, chairman of Dalian Wanda Group, poses for a photo during an interview at his office in the company's headquarters in Beijing December 3, 2012.

Wanda's $4.4 bln buyout bid is just good enough

30 May 2016

Wang Jianlin is offering his property firm’s Hong Kong investors a stingy 10 pct premium to the IPO price 17 months ago. The Chinese tycoon will pocket better returns if it relists on the mainland. Yet while minority investors have reason to hold out, doing so would be risky.

Noble Group logo

Noble CEO exit signals reduced ambitions

30 May 2016

Yusuf Alireza is leaving the embattled commodity trader after four years in charge. Though Noble has avoided an immediate liquidity crisis, investors still question its long-term viability. Flogging its U.S. energy arm will raise cash at the expense of further shrinkage.

Japan's Prime Minister Shinzo Abe addresses reporters on the first official business day of the New Year during a news conference at his official residence in Tokyo, Japan, January 4, 2016. REUTERS/Toru Hanai

G7 pact offers minimal cover for Abenomics reset

27 May 2016

Shinzo Abe’s plan to revitalise Japan needs a boost. The PM didn’t get as much backing as he might have liked from hosting the club of rich nations. But he may just about be able to spin the summit statement as an endorsement of fiscal stimulus and a tax standstill.

Lenovo CEO Yang Yuanqing attends a news conference in Sao Paulo September 5, 2012.

Time for Lenovo to get a grip in mobile

27 May 2016

The tech giant is a trailblazer for Chinese firms going global by doing deals overseas and adopting Western governance. The ill-judged takeover of Motorola’s old mobile business is testing that reputation. Absent a quick turnaround, Lenovo’s credibility will take a real dent.

A worker of Globe Telecoms installs internet cables near electric posts in Manila March 9, 2012. Local telecom firms, facing a saturated market for mobile phones, are banking on growth in broadband and data services to fuel future growth, driven partly by

Philippine telco tie-up a blow to Asian upstarts

30 May 2016

The country’s mobile phone duopoly will jointly pay $1.5 bln for San Miguel’s telecom assets after the conglomerate’s effort to set up a new operator failed. From Thailand to India, new entrants are trying to take on big players. Access to capital and knowhow decides who wins.

A Zoomlion company logo is seen next to its excavators at an exhibition in Shanghai, November 29, 2012.

Zoomlion deals fresh blow to China M&A credibility

27 May 2016

The Chinese machinery-maker has walked away from a bid for U.S. rival Terex. After other high-profile failed deals, this further dents the prospects for other mainland bidders eyeing Western targets. At least Zoomlion’s own finances will be a bit more robust.

RMB

A truly international yuan is a long way off

27 May 2016

New data shows use of the Chinese currency for global payments is declining and has fallen behind the Canadian dollar. China’s plans to internationalise the yuan are at odds with capital controls. Pressure on the yuan makes this a tricky time to liberalise the currency regime.