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Saturday, 04 July 2015

Asia

Lei Jun, founder and CEO of China's mobile company Xiaomi, shows the new features at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014.

China pours cold water on Xiaomi's growth

03 July 2015

Falling sales over the past six months come as a nasty shock from a handset maker that commanded a $45 bln valuation just months ago. Xiaomi is grappling with a slowing home market and competitors catching up. China’s tech prodigy will have to look elsewhere for opportunities.

Guangzhou Evergrande's Zhang Linpeng (L) fights for the ball with Bayern Munich's Javier Martinez during their FIFA Club World Cup soccer match at Agadir Stadium in Agadir December 17, 2013.

Alibaba kicks China’s new tech board to big league

03 July 2015

The e-commerce group’s soccer club will list on the “New Third Board”, an upstart exchange with $200 bln of companies that could be China’s answer to Nasdaq. It’s a welcome source of capital for start-ups, but a lack of oversight means investments are only for the brave.

Shipping container cranes are seen at the Patrick port facility in Melbourne June 9, 2009.

Brookfield can sail off with Asciano

02 July 2015

The Canadian investor wants to buy the Australian ports and rail operator for $6.8 bln. A solid 36 percent premium was enough to get Asciano’s board talking. So shareholders seeking a big sweetener may be disappointed. Part-payment in shares could be the main obstacle.

SoftBank Corp. Chief Executive Masayoshi Son (L) and Nikesh Arora, former Google chief business officer and current SoftBank vice chairman, look on at a news conference in Tokyo May 11, 2015. Son said on Monday that Vice Chairman Arora was a strong candid

Ousted CEO shows risks of SoftBank startup splurge

02 July 2015

Indian property site Housing.com has fired founder Rahul Yadav six months after the Japanese conglomerate became its largest shareholder. The 26 year-old was a liability and had to go. Still, it’s a reminder of the perils of listed companies making venture capital investments.

A protester waves a European Union flag in front of the parliament building during a rally calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece, June 22, 2015.

Life after default: Malaysia's tips for Greece

03 July 2015

The Asian country shunned an IMF lifejacket in 1998. Greece could soon be in a similar boat. Breakingviews imagines former leader Mahathir Mohamad’s advice to Greek PM Alexis Tsipras: devalue, fix the banks, and boost spending – but don’t bother jailing your finance minister.

Macau investors look for end to long losing streak

02 July 2015

Shares in the enclave’s battered casinos rallied after June gambling revenues declined less than expected and the government loosened visa rules. Much of the bad news is priced in. Yet China’s ongoing graft crackdown precludes a speedy rebound. And valuations are still stretched.

A woman uses her mobile phone to take a selfie picture at the Trocadero Square near the Eiffel Tower

Sony tests popularity with "selfie" capital hike

01 July 2015

Selling $3.6 bln of shares and convertible bonds is punchy after years of destroying value. But Sony is back in favour with investors. Plus, it has a weak balance sheet and a growth business to fund: sensors for the pin-sharp cameras that go front and back on today’s smartphones.

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