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Saturday, 30 April 2016

Asia

Gucci shop window

Gucci misses opportunity in "hell handbag" spat

29 April 2016

The Italian label wants Hong Kongers to stop burning paper versions of its $3,000 handbags at relatives’ graves. While it has a point, legally speaking, Gucci’s ire is misplaced. Wanting to spend the afterlife with a Gucci handbag is the ultimate pledge of brand loyalty.

China

Chinese banks' stealth clean-up fools nobody

29 April 2016

Top lenders like ICBC and BOC are piling up bad loans yet still reporting flat earnings. Pliable regulators are cutting them extra slack. Investors did not trust the banks’ balance sheets anyway. The latest sleight of hand will only fuel their scepticism.

Reserve Bank of India (RBI) Governor Raghuram Rajan attends a seminar organised by the University of Chicago in New Delhi March 28, 2014. REUTERS/Anindito Mukherjee

Running India's central bank will get tougher

29 April 2016

Investors are fretting about Raghuram Rajan’s future. The RBI governor, whose term expires soon, has helped make the nation a global bright spot and pushed to fix banks’ bad debts. Now Rajan, or whoever replaces him, faces a test to bed down reforms and keep India on track. 

Bank of Japan (BOJ) Governor Haruhiko Kuroda touches his face during a news conference at the BOJ headquarters in Tokyo, in this July 15, 2015 file photo. REUTERS/Yuya Shino/Files

Bank of Japan goes from activist to bystander

28 April 2016

The world’s most aggressive central bank has wrong-footed investors by holding policy steady even as the backdrop weakens. There are reasons to hold back: a previous push into negative rates is still bedding down, for example. But markets could have been let down more gently.

People talk in front of a Baidu's company logo at Baidu's headquarters in Beijing January 16, 2014.

Baidu stops short of full download on local bets

29 April 2016

Sales are soaring yet earnings fell 19 pct last quarter at China’s top search engine. Baidu is finally outlining how a costly push into food, movies and maps fits with its main search business. But investors still have little insight into how and when this will start paying off.

Mike James, an employee of Mosaic Co, holds phosphate pebbles as it comes off the grading screens at Mosaic's South Fort Meade Mine in Fort Meade, Florida in this January 13, 2010 file photo.

Anglo American is winning race to cut debt pile

28 April 2016

The $1.5 bln the miner will raise from selling its Brazilian phosphate and niobium units is better than might have been expected. A multiple of 10 times EBITDA proves the company can still get a good price even in a downturn. Anglo is slowly but steadily sharpening its focus.

A man tries out Samsung Electronics' new Galaxy 5 smartphone at the company's headquarters in Seoul April 7, 2014. Samsung Electronics Co Ltd is expected to report its second straight quarter of profit decline as its high-end smartphone business loses ste

Playing it safe pays off for Samsung in mobile

28 April 2016

Strong sales of the new Galaxy S7 helped the Korean giant make $3.4 bln of quarterly operating profit from phones. Unlike Apple, Samsung has not bet so boldly on Chinese growth. Its success rests on more mundane factors, like cost cuts, promotional deals, and good design.