Chinese SOEs Can Brag They Are Big – but Not Strong
BEIJING | By Xia Huihan, via Caixin magazine | Chinese state-owned companies or SOEs should stop gaining muscle for the sake of the country’s economic health.
World economy
Commodities: volatility or the end of a supercycle?
By Gustavo Matías | Despite a 30% drop between January and June, fundamentals are betting on a tight offer of commodities, but hot money is fleeing. Paper pulp prices are the strongest at their highs, energy refuses to lower down, and drinks, food and minerals are plummeting.
Microsoft Republicans
WASHINGTON | US Republicans have been exceedingly successful at targeting the white population vote. The problem, Pablo Pardo argues, seems to be that it is a shrinking market while Democrat support grows.
Inflation paranoids have nothing on Ben Bernanke
SAO PAULO | By Marcus Nunes | Despite all the Quantitative Easing charges, there’s simply ‘no inflation to be seen since the ‘recovery’ took-off four years ago.
GSK in China: latest multinational in Beijing’s corruption cross hairs
By Ray Kwong | In recent years, international firms in China have faced greater scrutiny for price-fixing and corruption. No one is immune, as companies like Swiss snack giant Nestlé, American fast food purveyor McDonald’s, French supermarket chain Carrefour and German engineering group Siemens can attest. The latest high profile multinational in China’s cross hairs is British drugmaker GlaxoSmithKline.
Apple and Corporate Tax Avoidance: Can the System Be Fixed?
By Knowledge@Wharton via The Fair Obsever | Apple has set up at least three foreign subsidiaries that are “not tax resident in any nation” in order to avoid paying millions of dollars. Is the US tax system broken? And how can one decide if the effective tax rate paid by a multinational is “fair”?
Abenomics work
BARCELONA | By CaixaBank research team | Our scenario expects this expansion to continue in 2014 since the effects of the Bank of Japan’s quantitative easing should continue until well into the coming year.
Disarmed austerity
MADRID | By Luis Arroyo | Since Quantitative Easing programmes began, the dollar has been strengthened, that is, its price has gone up against the most used currencies in the international markets.
Who is to blame for US economic troubles?
NEW YORK | By Ana Fuentes | Americans blame Bush more than Obama, who seems to be benefiting from the current economic stability. However, everything could change once the Fed stops injecting QE steroids.
Tuesday’s chart suggestion for the Eurogroup: the US is generating jobs
LONDON/MADRID | Eurogroup leaders must be helplessly looking at the other side of the Atlantic with at the very least a moderate degree of envy: job numbers are improving at a pre-crisis rates.