John Foley is Reuters Breakingviews' editor for Europe, the Middle East and Africa. He relocated from Beijing in July 2015. John established Breakingviews’ Hong Kong bureau in 2009, and has written on China’s economy and financial system, mergers and acquisitions, capital markets and consumer goods. Before joining Breakingviews in 2004, John worked as a copywriter for a London-based advertising agency. He read English Literature at Exeter College, Oxford. Follow John on Twitter @johnsfoley
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The $60 bln implied value of Chinese fintech group Ant Financial suggests PayPal-style innovation on steroids. It’s not so simple, though. The Alibaba affiliate’s fortunes may be tied more closely to the vagaries of PRC state capitalism than to private-sector disruption.
Companies that strongly back gay and lesbian rights perform better, a Credit Suisse study finds. If only it were so simple. Corporate inclusiveness is a bit like environmental sustainability or tax avoidance. Rules, not just returns, are what make businesses do the right thing.
Unilever and Nestle are selling more goods, but prices aren’t rising as fast. Demand everywhere is weak. Yet valuations for such defensive stocks have soared. Dividends that are stable or keep rising - like Unilever’s - are the best insurance policy against reality setting in.
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