Peter Thal Larsen
Peter is Asia Editor of Reuters Breakingviews, based in Hong Kong. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading the paper’s award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks and their aftermath. A Dutch national, Peter has degrees from Bristol University and the London School of Economics. Follow Peter on Twitter @Peter_TL
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Bohai Leasing’s $2.6 bln bid for Dublin-based Avolon confirms China’s desire to grow in aircraft rental. The $31-a-share offer is slightly below Bohai’s indicative bid a month ago. But rising interest rates and the falling yuan could have been reasons to drive a harder bargain.
Dodgy credits on the balance sheets of China’s four biggest lenders rose 28 pct in the first half of the year – much faster than the banks replenished provisions. Though overall bad debt levels remain low, continued deterioration threatens to reverse years of profit growth.
Cinda Asset Management started as a dump for dodgy bank loans but expanded into funds, insurance and brokerage. Now it’s looking to swallow Hong Kong lender Nanyang for around $8.8 bln. At more than twice its own book value, Cinda needs many benefits to make the deal stack up.
- China's sensible rate cut sends dangerous signals
- China's ailing stocks are now contagious
- SoftBank's hired gun takes high road to ownership
- China's yuan devaluation push looks far from done
- Alibaba $4.6 bln retail deal dulls web-only charms
- E-book: Singapore turns 50
- Singapore at 50 ought to loosen up