Richard Beales joined Breakingviews in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. Follow Richard on Twitter @richardbeales1
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Marina Silva, set to be the opposition presidential candidate after Eduardo Campos’ plane-crash death, is a fresh threat to Dilma Rousseff. Silva has long fought special interests. If she wins October’s election, a plausible outcome, Brazil could gain from less state meddling.
Before the 2008 crisis, leaders from Washington to Beijing mostly believed more trade creates greater prosperity. Trade liberalization was a goal in itself. That has changed, as Russian sanctions make clear. Governments are increasingly treating trade as a political lever.
The bogeyman of Ukrainian unrest is replacing snow as a reason to expect worse earnings. Just ask VW, Adidas or McDonald’s. The World Cup goes the other way, helping Adidas (again), Twitter and maybe Disney. The message could be muddled when Russia and soccer converge in 2018.
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- Yahoo's Mayer nears post-Alibaba reckoning
- Ackman burnishes blowhard credentials - for now
- Medical upstart may help investors smell blood
- Pouring liquid on alternatives makes unsavory stew
- Portugal makes world look a little shakier