Reuters: Reuters Breakingviews http://mobile.reuters.com/category/reutersBreakingviews Reuters Mobile is your source for breaking news, business, financial and investing news, including market data giving you access to the information you need - any time, anywhere. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. Copyright 2008 Reuters en-us Sun, 26 May 2013 02:27:26 -0400 5 /resources/images/mobile/small/logo.png 120 35 Reuters: Reuters Breakingviews http://mobile.reuters.com/category/reutersBreakingviews Frackers ignore German beer angst at their peril http://mobile.reuters.com/article/reutersBreakingviews/idUS385442267020130524?feedType=RSS&feedName=reutersBreakingviews Germany’s brewers want to make fracking verboten. In the U.S., the gas drilling technique’s economic benefits trump environmental concerns. Whether it’s the British countryside or German lager, threats to cultural touchstones will hold back a similar boom in Europe. Fri, 24 May 2013 11:46:39 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS385442267020130524?feedType=RSS&feedName=reutersBreakingviews Soccer success mirrors Germany’s secret strengths http://mobile.reuters.com/article/reutersBreakingviews/idUS422439522220130524?feedType=RSS&feedName=reutersBreakingviews For the first time ever, both teams in Europe’s biggest championship will be German. In 2000, the country was the sick man of the pitch. The sport’s resurgence, like the economic renaissance, relied on the social market economy and the ability to push through structural reforms. Fri, 24 May 2013 07:29:12 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS422439522220130524?feedType=RSS&feedName=reutersBreakingviews China-U.S. audit truce wisely avoids big issues http://mobile.reuters.com/article/reutersBreakingviews/idUS197797253020130524?feedType=RSS&feedName=reutersBreakingviews Auditors in China can no longer claim that “state secrets” prohibit disclosure to the U.S. watchdog. That should keep Chinese companies from being banned in U.S. markets. There are open questions about sovereignty and state capitalism, but those are fights for another day. Fri, 24 May 2013 05:39:14 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS197797253020130524?feedType=RSS&feedName=reutersBreakingviews Bank governance stigma can be fixed lickety-split http://mobile.reuters.com/article/reutersBreakingviews/idUS19005735920130523?feedType=RSS&feedName=reutersBreakingviews It’s easy to see how Jamie Dimon would consider an independent chairman at JPMorgan a demotion for him. If peers like Lloyd Blankfein hold both top jobs, CEOs only may feel like second-class citizens. U.S. financial regulators could turn the division of labor into a virtue. Thu, 23 May 2013 16:41:51 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS19005735920130523?feedType=RSS&feedName=reutersBreakingviews Blame Japan’s debt on companies, not the state http://mobile.reuters.com/article/reutersBreakingviews/idUS104121474020130523?feedType=RSS&feedName=reutersBreakingviews Perennial budget deficits have helped to offset corporate deleveraging. That explains why public debt is so high. If Prime Minister Abe’s policies revive private investment, the government’s track record suggests it will tighten its belt by raising taxes. Tokyo won’t go bust. Wed, 22 May 2013 23:08:26 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS104121474020130523?feedType=RSS&feedName=reutersBreakingviews Buoyant markets too sanguine on end-of-QE threat http://mobile.reuters.com/article/reutersBreakingviews/idUS413044715320130522?feedType=RSS&feedName=reutersBreakingviews The bursting of the gold bubble is just the harbinger. Other asset classes are vulnerable to the U.S. central bank dialling down its money-printing programme. Safe-haven bonds are already easing. Commodities look next in line. Stocks are the best bet but they too may suffer. Wed, 22 May 2013 09:25:09 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS413044715320130522?feedType=RSS&feedName=reutersBreakingviews Goldman trumps HSBC in financial Chinese chequers http://mobile.reuters.com/article/reutersBreakingviews/idUS14381963920130522?feedType=RSS&feedName=reutersBreakingviews Selling its final stake in lender ICBC leaves Goldman Sachs with an annual return on its investment of around 36 percent. HSBC, which just sold out of insurer Ping An after ten years, notched up a lesser 23 percent. The reason: the UK lender put strategic value before profit. Wed, 22 May 2013 04:14:18 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS14381963920130522?feedType=RSS&feedName=reutersBreakingviews Pyrrhic victory for Dimon is defeat for governance http://mobile.reuters.com/article/reutersBreakingviews/idUS1918959620130521?feedType=RSS&feedName=reutersBreakingviews JPMorgan chairman and CEO Jamie Dimon spent months focused on preserving a title when he should have been totally dedicated to running the largest U.S. bank. The episode perfectly illustrates the common sense behind separating the chairman and CEO roles. Tue, 21 May 2013 17:29:03 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS1918959620130521?feedType=RSS&feedName=reutersBreakingviews Apple tax fight needs global response http://mobile.reuters.com/article/reutersBreakingviews/idUS300317418120130521?feedType=RSS&feedName=reutersBreakingviews The tech giant followed the law, but its aggressive use of Irish subsidiaries to reduce tax payments fails the smell test. Ireland comes off as an unscrupulous tax haven, while the U.S. government looked the other way. It’s time for a new international deal on corporate taxes. Tue, 21 May 2013 09:33:26 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS300317418120130521?feedType=RSS&feedName=reutersBreakingviews Dimon has little to lose in shareholder vote http://mobile.reuters.com/article/reutersBreakingviews/idUS285396080420130520?feedType=RSS&feedName=reutersBreakingviews If JPMorgan’s owners want the top roles split he could quit, or the board could delay. Alternatively, Dimon could trade a sliver of ego for shareholder support and chair the firm with new CEO blood or run it with a new chairman. Either would be better for the company. Mon, 20 May 2013 16:22:48 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS285396080420130520?feedType=RSS&feedName=reutersBreakingviews Marissa Mayer puts exclamation point back in Yahoo http://mobile.reuters.com/article/reutersBreakingviews/idUS88076538320130520?feedType=RSS&feedName=reutersBreakingviews Her $1.1 bln deal to buy blogging site Tumblr bolsters the website’s firepower in the mobile arms race. It’s the latest sign that Mayer has confidence from her board and shareholders to take risks. In less than a year, she has turned Yahoo from a purple joke to part of the buzz. Mon, 20 May 2013 16:17:50 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS88076538320130520?feedType=RSS&feedName=reutersBreakingviews FirstGroup cash call shows deleveraging imperative http://mobile.reuters.com/article/reutersBreakingviews/idUS265993452420130520?feedType=RSS&feedName=reutersBreakingviews The rail and bus operator is raising $1 bln to stave off a ratings downgrade. The chairman is leaving. Debt may be cheap, but too much is still a constraint. With equity markets rising, this won’t be the last over-geared firm to seek to restructure its balance sheet. Mon, 20 May 2013 09:49:06 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS265993452420130520?feedType=RSS&feedName=reutersBreakingviews Alibaba’s next superlative: China’s top fee payer http://mobile.reuters.com/article/reutersBreakingviews/idUS227438194920130520?feedType=RSS&feedName=reutersBreakingviews The e-commerce giant is already a big generator of investment banking revenue. Factor in a potential IPO, and for global banks Alibaba could be the biggest client to come out of China in a decade. In a weak market, the battle lines are already being drawn. Sun, 19 May 2013 22:17:07 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS227438194920130520?feedType=RSS&feedName=reutersBreakingviews How to have a good argument about economics http://mobile.reuters.com/article/reutersBreakingviews/idUS256698701620130517?feedType=RSS&feedName=reutersBreakingviews As the Great Stagnation stretches out into the indefinite future, the debate on how to respond is loud but inconclusive. Some want stimulus, others austerity, while structural reformers lock horns with monetary activists. Here are five rules for a more productive dialogue. Fri, 17 May 2013 15:23:34 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS256698701620130517?feedType=RSS&feedName=reutersBreakingviews Wells Fargo boss takes turn on soapbox http://mobile.reuters.com/article/reutersBreakingviews/idUS265793358520130517?feedType=RSS&feedName=reutersBreakingviews John Stumpf runs the biggest U.S. bank but has kept a low profile. Lately, though, he has tiptoed into a role critiquing regulation – one filled mainly by Jamie Dimon. Now the JPMorgan boss has other concerns, and Stumpf is the bank CEO with most credibility on the stump. Fri, 17 May 2013 15:16:49 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS265793358520130517?feedType=RSS&feedName=reutersBreakingviews Hollande gets serious on Europe – at last http://mobile.reuters.com/article/reutersBreakingviews/idUS42070782720130517?feedType=RSS&feedName=reutersBreakingviews France’s president has outlined a two-year plan to give the euro zone a centralised “economic government”. Addressing a key German concern, Hollande seems ready to agree sovereignty transfers to make it more than a coordinating body. The proposal may be premature. But it has legs. Fri, 17 May 2013 11:31:07 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS42070782720130517?feedType=RSS&feedName=reutersBreakingviews Bernanke deserves art museum spot next to Pollock http://mobile.reuters.com/article/reutersBreakingviews/idUS128446119720130516?feedType=RSS&feedName=reutersBreakingviews A record $495 mln Christie’s sale set new highs for the abstract expressionist and other artists. More collectors than ever have $20 mln to spend on a single work. It paints a picture of an art world indebted to the Fed chairman and his alternative asset-friendly monetary policy. Thu, 16 May 2013 14:23:26 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS128446119720130516?feedType=RSS&feedName=reutersBreakingviews Glencore should just name Ivan Glasenberg chairman http://mobile.reuters.com/article/reutersBreakingviews/idUS89469188120130516?feedType=RSS&feedName=reutersBreakingviews The miner’s shareholders have handed Chairman John Bond his walking papers. Best practice dictates his permanent replacement be a strong outsider. This precludes tapping Glasenberg, the miner’s CEO and biggest shareholder. But a dual mandate would better reflect corporate reality. Thu, 16 May 2013 12:29:15 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS89469188120130516?feedType=RSS&feedName=reutersBreakingviews Rest of world wishes for Australia’s economic woes http://mobile.reuters.com/article/reutersBreakingviews/idUS33649388120130516?feedType=RSS&feedName=reutersBreakingviews The land Down Under has its problems, not least a China-driven commodities downturn and a rising budget deficit. Fears of a housing bubble persist, too. But with unemployment low and the currency falling, Australia has the economic stability other countries dream of. Thu, 16 May 2013 01:44:54 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS33649388120130516?feedType=RSS&feedName=reutersBreakingviews Speech-tech firm’s M&A machine could go in reverse http://mobile.reuters.com/article/reutersBreakingviews/idUS210552242320130515?feedType=RSS&feedName=reutersBreakingviews Nuance went on a 10-year shopping spree, creating a $6 bln company in the process. But margins are falling, the stock hasn’t advanced in five years, and debt is accumulating. Carl Icahn’s recent entrance could signal an end to acquisitions - even the start of a breakup. Wed, 15 May 2013 17:54:19 -0400 http://mobile.reuters.com/article/reutersBreakingviews/idUS210552242320130515?feedType=RSS&feedName=reutersBreakingviews