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
- Tel: +852 2843 6300
- E-mail: email@example.com
The country’s possible first bond default has prompted comparisons with the Wall Street firm’s failure. It’s tempting for investors to seek parallels with 2008. If the analogy fits at all, it’s only because it reminds the Chinese authorities which mistakes to avoid.
The emerging market lender fell off its growth pedestal in 2013, as rising bad debt and a goodwill charge dragged down earnings. There’s no prospect of an immediate pickup. But robust capital ratios and a higher dividend should help dispel lingering fears of an equity injection.
The buyout firm is purchasing Tyco’s security business in South Korea for three times revenue and 11 times EBITDA. That looks punchy. Koreans are reluctant users of alarm systems - even safer Japan has more. If incomes continue to rise and inequality increases, that will change.
- Breakingviews columnists win SABEW awards
- HSBC’s future growth will come at rivals’ expense
- How on earth can Facebook justify WhatsApp price?
- Singaporean bank growth defies domestic slowdown
- Chinese e-commerce IPO more Amazon than Alibaba
- Free weekends won't restore Wall Street's allure
- Lenovo's M&A spree challenges investors’ faith