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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Joining the IMF’s reserve basket is a symbolic feat. China is still a long way from letting free markets set the value of its currency. But a slowing economy, lower interest rates and capital outflows all suggest the yuan will continue to slip against the resurgent U.S. dollar.
Hong Kong shareholders rejected the tycoon’s $12.4 bln bid to merge his listed energy and infrastructure units. It’s another sign institutions in the Chinese territory are increasingly willing to exercise their limited powers. Companies can no longer take support for granted.
Chinese and Indian web groups are helping subsidise the cost of everything from manicures to mobile phones to attract users. It’s reminiscent of previous frenzies that put growth ahead of profitability. Customer loyalty may prove scarce when the money runs out.
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- Investors in China haunted by "key man" clause
- China insurer adds U.S. to overseas M&A splurge
- China's stock market marches to its own merry tune
- Honda snub bursts Takata's financial force field
- StanChart faces years of pain for humdrum gain
- HSBC's slow road to China securities could pay off