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Thursday, 24 July 2014

Asia

People stand in front of a poster of KFC and Pizza Hut in Guangzhou, capital of south China's Guangdong province April 2, 2007.

China’s old meat is a corporate health warning

24 July 2014

KFC’s parent and McDonald’s have been tainted by stale meat that slipped through a supplier’s controls. Monitoring a rapidly growing business is tough, and global brands face a high bar – just ask JPMorgan or Glaxo. Being foreign and successful is fast becoming a health risk. 

China's Haier can make a GE appliance deal wash

24 July 2014

Acquiring the U.S. conglomerate’s white-goods division would be a Lenovo-IBM moment for KKR-backed Qingdao Haier. The purchase, at up to $2.5 bln, would give the Chinese refrigerator-to-dryer maker a trusted Western brand that widens its appeal and helps expand global scale.

Apple Inc. CEO Tim Cook (L) and China Mobile's Chairman Xi Guohua are silhouetted in front of an advertisement board of the iPhone 5s and C at an event celebrating the launch of Apple's iPhone on China Mobile's network at a China Mobile shop in Beijing Ja

Apple's growth in China less impressive close up

23 July 2014

The 48 percent growth in China iPhone sales in the last quarter-year is strong. But seen from the Middle Kingdom, Apple vies with large rivals U.S. consumers have barely heard of, like Xiaomi and Coolpad. As they gain share too, Apple will struggle to be more than an also-ran.

Tourists stand on a beach near the Club Med resort in Saint-Anne

Club Med organisers can welcome latest arrival

22 July 2014

Andrea Bonomi’s Investindustrial is offering 790 mln euros for the all-inclusive holiday group. This may not be a five-star price but it blows a rival Franco-Chinese bid out of the water. And investors have spent years in the wilderness. This is an offer the board can recommend.

Edward Hadas

Edward Hadas: Growth in a rich and crowded world

23 July 2014

Has the global growth rate slowed? The debate is hot and not very illuminating. Reported numbers prove nothing and historical analysis is often confused. As more material desires are met, there is less room for big leaps forward. But don’t write off the human imagination.

Indonesia's presidential candidate Joko Widodo smiles during a speech to his supporters in Serang, Indonesia's Banten province, July 16, 2014.

Indonesia reform hopes rise with clear Jokowi win

23 July 2014

The president-elect’s wide victory margin, and lack of ties to the old regime, give him credibility. If he reins in nationalism and makes Indonesia a better place to do business, the country can make better use of its natural advantages: resource riches and a young workforce.

Bank of Japan Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo April 30, 2014.

Japan’s bond-hugging banks are pinning Abe down

22 July 2014

Lenders’ $3 trln holdings of public debt are not falling fast enough. That could be problematic for the prime minister. Once monetary stimulus dries up, banks may rattle the financial system by turning panic sellers. Bank of Japan minutes show Shinzo Abe’s team knows the risks.

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