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Hong Kong Taxis Uber Alles

The arrest of drivers working for the Uber taxi app operation in Hong Kong is further evidence of the grip that monopolists and oligopolists have on the territory’s government. Uber was initially welcomed by t... Read More...
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Beijing Tries to Catch a Falling Knife

On July 8, multiple Chinese banks including the Bank of Communications and Bank of Ningbo announced they would offer favorable loans for share repurchase and stock rights acquisition of listed companies on orde... Read More...
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Can HSBC Come Home Again?

HSBC, Europe’s largest bank, is seeking to pivot back to its Asian roots in an effort to raise its return on equity. That goal has a cosy feel in the year the bank celebrates its 150th anniversary. The problem is that its roots are now actually more in British... Read More...
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The Human Cost of the TPP in Vietnam

The Trans-Pacific Partnership, the proposed omnibus trade pact that covers 12 nations on both sides of the Pacific Ocean, is not without critics, and, to be sure, there have been many. In the United States, the TPP has been subject to accusations of unnecess... Read More...
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Japan’s Abe Tries Painful Structural Reform

In his 29 April speech to US Congress, Japanese Prime Minister Shinzo Abe proudly referred to his administration’s “sweeping reforms to our agricultural cooperatives that have not changed in 60 long years.”  T... Read More...
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The Bankers Forget and Forgive Indonesia’s Sinar Mas

It is a reminder of the ethical void often seen at the heart of Indonesia’s elite, of the mix of greed and stupidity of the investment banking industry, and of the complicity of Singapore in providing sanctuary for the ill-gotten gains of business miscreants... Read More...
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China’s US$46 billion Gift to Pakistan

The one thing to take away from the visit of President Xi Jinping to Pakistan is that both are in trouble diplomatically if they have to regard each other as their closest friends in Asia. Even by its standard... Read More...