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Sunday, 07 February 2016


A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Breakdown: The cost of China’s capital outflows

05 February 2016

Foreign currency reserves shrank by $513 bln last year, reversing two decades of cash flooding in. The decline has spooked global markets, put pressure on the yuan and prompted a renewed rush for the exits. Breakingviews looks at the causes and consequences of the exodus.

A man sits atop a load of cardboard at a garbage centre on the outskirts of the town of Dangcheng, located 250 km (155 miles) southwest of Beijing, March 23, 2009.REUTERS/David Gray

China's record waste deal is far from rubbish

05 February 2016

State-backed Beijing Enterprises is buying Germany’s Energy from Waste for $1.6 bln. Unlike some of China’s splashier foreign deals, this looks decently priced and makes obvious strategic sense. China badly needs more clean-technology expertise. Expect more trashy buys.

A man using his mobile phone walks under a logo of Sharp Corp outside an electronics shop in Tokyo, Japan, May 13, 2015.

Sharp surprise sends hopeful signal about Japan

04 February 2016

The ailing electronics firm is leaning towards a deal with Taiwan’s Foxconn over a domestic bailout. Sharp’s current shareholders may yet suffer. But at least the board seems to be taking its duties to them seriously - just as should happen in the new investor-friendly Japan.

Anti-government protesters hold Thai baht banknotes ready to donate to their leader marching in downtown Bangkok February 7, 2014.

Thai telco's cash call rings True for China

04 February 2016

Thailand’s True Corp is raising $1.7 bln in its second share issue in as many years. That will help pay for spectrum and trim debt as competition heats up. But True shares are expensive. Without Chinese backing, investors might be wary of tycoon Dhanin Chearavanont’s moves.

Customers line up outside a Bank of East Asia's (BEA) branch in Hong Kong September 24, 2008. Hong Kong lender BEA denied on Wednesday local rumours questioning its stability, which had drawn hundreds of people to at least one of its branches and drove it

Elliott’s HK bank fight smacks of desperation

05 February 2016

The activist fund is pushing for a sale of Bank of East Asia. Other big shareholders are unlikely to join in. It’s also a bad time to seek a buyer for a group with such a large exposure to China. Elliott’s latest salvo suggests it’s getting nervous about its $500 mln bet.

Ryan Roberts checks his soy beans to see if they are ready for harvest in Minooka, Illinois, September 24, 2014. Soy bean prices were consolidating near four-year lows with gains limited by weakening U.S. cash markets and the expanding harvest in the Midw

ChemChina can reap rewards of new stance on GMOs

04 February 2016

Buying Syngenta will thaw China’s hostility towards genetically modified organisms. Nationalist fears about food safety will ring hollow once the seeds are in Chinese hands. The buyer will be able to push into a huge new market – but so, in time, will rivals like Monsanto.

Agrochemicals maker Syngenta's logo in Zurich February 6, 2009.

Syngenta up against element of regulatory surprise

03 February 2016

The Swiss seed maker says its $43 bln sale to ChemChina shouldn’t raise U.S. national security fears, despite hot-button facets like chemicals, food and China. Yet Philips’ blocked lighting-unit deal shows Uncle Sam can veto without explanation. That’s reason enough to be wary.



A man walks up a spiral staircase at the Museum of Contemporary Art in Chicago, Illinois, September 3, 2014. REUTERS/Jim Young

Predictions 2016: Stairway to Heaven, Highway to Hell

04 January 2016

Read our predictions for the year ahead here