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Tuesday, 06 October 2015


tata steel india

European crisis will bend but not break Tata Steel

06 October 2015

The Indian steelmaker’s net debt of $9 bln is three times its market value. Its European business, acquired in 2007, is suffering from cheap Chinese imports. Yet last year’s timely refinancing and support from its parent means Tata Steel can avoid the fate of British rival SSI.

U.S. Secretary of State John Kerry speaks at Singapore Management University in Singapore August 4, 2015.

Trade mega-deal will go only so far economically

05 October 2015

The Trans-Pacific Partnership, assuming it overcomes opposition in U.S. Congress, should ease trade on everything from car parts to cancer therapies. China’s absence is significant but so is a U.S.-Japan deal. If NAFTA is any guide, however, the broad GDP impact may be limited.

Robyn Mak

Alibaba delivery arm is a financial blind spot

02 October 2015

The Chinese e-commerce group is a minority investor in the business that arranges delivery of billions of its packages. Yet Alibaba has spent over $6.3 bln on logistics-related deals in the past three years. Even if the investments make strategic sense, shareholders are in the dark.

A Western Digital Corporation hard drive is pictured here in Encinitas, California April 19, 2011.

Western Digital deal may thread U.S.-China needle

30 September 2015

The data storage company’s sale of $3.8 bln of stock to China’s Tsinghua exchanges a minority interest at a premium price for a seat on the board. Politics make selling control tough, but this kind of arrangement may help smooth Western Digital’s path in Chinese markets.

A Chinese stone lion sits beside a branch of China Merchants Bank in Shanghai January 20, 2010. Chinese banking authorities have instructed some major banks to curb their lending over the rest of this month, official media and banking sources said on Wedn

Overseas investors fire warning at China Inc

05 October 2015

Hong Kong shareholders rejected China Merchants Bank’s employee share scheme after the lender gave them too little information. It’s a small sign big investors are turning less tolerant of shoddy governance. Chinese companies used to silent acquiescence may be in for a surprise.

Australia and New Zealand Banking Group Ltd (ANZ) Chief Executive Officer Michael Smith attends the bank's annual general meeting in Melbourne December 18, 2009.  REUTERS/Mick Tsikas

New ANZ boss stuck in strategic mid-ocean

01 October 2015

Mike Smith is leaving as CEO of the $55 bln Australian lender after eight years. Beefing up in Asia has proved less lucrative than he hoped. Yet a slowing home economy and tightening regulation mean successor Shayne Elliott may have to stay centered somewhere in between.

Hutchison Whampoa Ltd and Cheung Kong Holdings Chairman Li Ka-shing shares a Chinese New Year greeting to journalists at a news conference on the companies annual results in Hong Kong February 26, 2015. REUTERS/Bobby Yip

China criticism makes even Li Ka-shing defensive

30 September 2015

The Hong Kong tycoon has rejected accusations that he is turning his back on the mainland. Yet the fact he felt the need to issue a defence shows the hostile terrain now facing business leaders in China. Shrill allegations of treachery will only make them less willing to invest.