HONG KONG (Reuters Breakingviews) - There is relative optimism about Hong Kong reflected in its stock market. That’s hard to reconcile with past and present realities. It also doesn’t bode well for the future.
HONG KONG (Reuters Breakingviews) - The future of Hong Kong is fuzzy these days, but the city’s violent demonstrations have helped bring a broader issue into clear focus: antagonism between Washington and Beijing will be here for some time.
HONG KONG (Reuters Breakingviews) - When it comes to trade-war talks, Hong Kong has become more than a pawn. The latest developments after more than five months of unrest have attracted increased international attention. U.S. lawmakers are making a show of their support for protesters and ratcheting up pressure on President Donald Trump to the same. That might endanger all-important negotiations with his counterpart, Xi Jinping.
HONG KONG(Reuters Breakingviews) - The corporate calculus on Hong Kong is changing. For a third consecutive weekday, transport networks have been disrupted by violent anti-government protests, prompting schools to close and leaving workers stranded. Much the way toymakers and apparel vendors have accelerated their quest for factories outside China, its special administrative region poses an international supply-chain quandary.
LONDON (Reuters Breakingviews) - Sony’s “Be Moved” slogan does not apply when an activist investor is applying pressure. The Japanese entertainment conglomerate on Tuesday rejected a proposal from Dan Loeb’s Third Point to spin off its chips business and offload its financial unit. Its defence is only partly convincing.
HONG KONG (Reuters Breakingviews) - A splintering West and increasingly interconnected East is creating a newly powerful mega-region, according to Parag Khanna, author of “The Future is Asian.” He swung by the Breakingviews office in Hong Kong to break down the economic and geopolitical rationales behind his idea.
HONG KONG (Reuters Breakingviews) - It looks as if China is now flying Cathay Pacific Airways. Chief Executive Rupert Hogg and one of his top deputies abruptly resigned on Friday after the company spent a week scrambling to quell a mainland backlash related to Hong Kong protests. The shakeup occurs at an especially bad time for the carrier.
HONG KONG (Reuters Breakingviews) - Toshiba is back at the vanguard. The embattled $18 billion conglomerate led the way in Japan on everything from radar to laptop computers. Now it has nominated four non-Japanese directors for an expanded and more independent board. It’s a bold step in a country slowly rethinking corporate governance. Given previous failed experiments with outsiders, the company’s experience will be a litmus test.
HONG KONG (Reuters Breakingviews) - Samsung Electronics isn’t mincing words. The South Korean semiconductor manufacturer reported a whopping 60 percent fall in first-quarter operating profit, blaming lower prices for memory chips amid a glut of supply. The abundant usage of “weak” and “slow” in its statement suggest investors may have to wait a while for a rebound.
HONG KONG (Reuters Breakingviews) - Things are getting testier at Japan Inc. In a rare act of domestic corporate aggression, trading house Itochu snatched a degree of control over $1.8 billion sportswear maker Descente. Toshiba, meanwhile, faces a shareholder insurrection while electronics group Alps Alpine has been sued over the merger that created the company. These hostilities are helping propel Shinzo Abe’s so-called third arrow.