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Breakingviews - China’s shadow bankers sneak back to market

Chinese shadow banking is poised for a comeback. GDP grew 6.0% last quarter, but credit growth disappointed as campaigns to cut bad debt while pushing banks to lend to risky small firms resulted in financial muddle. Informal channels are starting to fill some of the gap for healthier parts of the private sector, but at dangerously high rates.

Breakingviews - Santander CEO fiasco exposes banking’s fault line

The battle over Santander’s CEO has given human shape to banking’s fault line. It’s a year since Ana Botin, the Spanish lender’s chairman, reversed her decision to make UBS executive Andrea Orcel the group’s next boss. In the coming months his 112 million euro lawsuit threatens to highlight the clash of cultures between retail and wholesale lending.

Breakingviews - Viewsroom: Carlos Ghosn’s great escape

The international car boss who fled Japanese authorities is now lambasting Nissan and suing Renault for money due. Breakingviews columnists discuss why the latest twists overshadow the fraying global alliance of three automakers. Also, why China’s Geely wants Aston Martin.

Breakingviews - China’s reform camp high-fives Wall Street

China’s reform camp is toasting Wall Street’s trade war win. Beijing has further committed to open its financial sector as part of the so-called phase one of a U.S.-China trade deal signed on Wednesday. The promise to import an additional $38 billion in U.S. services by 2021 follows other liberalisations in the sector, and will mean Chinese institutions could soon face serious American competition. That could benefit both sides.

Breakingviews - China trade deal gives Trump a campaign win

President Donald Trump certainly knows how to stage a photo op. Wednesday’s signing at the White House of a U.S.-China trade deal – what the administration is calling phase one of a longer process – featured an audience including potential beneficiaries of better relations like Boeing boss David Calhoun, casino mogul Sheldon Adelson and Blackstone chief Steve Schwarzman, as well as former Secretary of State Henry Kissinger. The agreement may, however, prov

Breakingviews - Putin picks good time for Potemkin reshuffle

After two decades in power Vladimir Putin is shaking things up – sort of. At an annual address broadcast on television screens across the country on Wednesday, the Russian president told the nation of his plans to hand more power to the State Duma, the lower house of parliament. As with the fake villages erected during Catherine II’s visit to Crimea in 1787 by the Russian empress’s lover Grigory Potemkin, there’s an illusory feel to it all.

Breakingviews - Hadas: Ghosn caught in non-prisoner dilemma

“No man can lay down his right to save himself from death, wounds, and imprisonment”. It is highly doubtful that Carlos Ghosn was thinking about the words of Thomas Hobbes when he fled Japanese justice hidden in an audio equipment case. However, if the 17th century British philosopher was right, Ghosn could easily escape his non-prisoner’s dilemma.

Breakingviews - UK’s $13 bln tech scene may already have peaked

London’s Old Street gyratory, where Hackney meets the City financial district, has been jammed with traffic for the best part of a year. That’s the unhappy result of refurbishments to the area known as Silicon Roundabout, where young UK technology companies are concentrated. By the time that work is complete – years, at this rate – the domestic startup scene may well be on the wane. 

Breakingviews - Goldman Sachs tests Malaysia reach in Tesco deal

A smooth sale of a Tesco unit will signal it’s mostly back to business as usual for Goldman Sachs. The U.S. bank is advising the British grocer on a potential $9 billion exit from Southeast Asia. Up to one fifth of the operations by value sit in Malaysia. That means the Wall Street bank led by David Solomon may earn fees from the sale of assets in a country where Goldman is still tangling with authorities for its role in the multi-billion-dollar 1MDB sovereign

About Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at http://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

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