Exchange Podcast: Giuseppe Sala


NEW YORK (Reuters Breakingviews) - The mayor of Milan celebrated his first year in office as authorities completed Italy's largest bank bailout. The Exchange visited Milan's city hall, the 16th century Palazzo Marino, to hear Mayor Sala's plans for making the city a post-Brexit financial capital. Listen to the podcast: https://soundcloud.com/reuters/the-exchange-giuseppe-sala


Bank of England tries surrogate rate hike

LONDON (Reuters Breakingviews) - Mark Carney seems to prefer scalpels to sledge hammers. Forcing banks to hold bigger capital buffers, as the Bank of England governor did on Tuesday, is a finely honed way of reining in frothy consumer finance. But eventually Carney and his colleagues will have to push through the higher borrowing costs they keep warning lenders about.


Cable guys' Sprint lurch bound for crossed wires

NEW YORK (Reuters Breakingviews) - A lurch by U.S. cable giants Comcast and Charter Communications into mobile telephony is bound for crossed wires. The two dominant operators are in talks with wireless carrier Sprint that may include a range of options from the use of airwaves to an outright acquisition. Wherever they end up, a ménage-à-trois involving moguls John Malone, Brian Roberts and Masayoshi Son is likely to be ungainly.


Germany can jump growth hurdle courtesy of Brexit

LONDON (Reuters Breakingviews) - Britain could be handing Germany the gift of stronger growth. A scarcity of skilled workers risks slowing the pace at which Europe’s biggest economy can expand. One way to plug the gap is to attract workers who no longer feel welcome in the United Kingdom after its vote to leave the European Union.


China’s latest logistics IPO is hard to unpack

HONG KONG China's latest logistics flotation is hard to unpack. Alibaba-backed Best Inc wants to list in New York just a few months after a rival's disappointing debut. The loss-making group is faster-growing and more diverse. But the extra complexity could make this a hard sell for already wary investors.


U.S. Senate healthcare bill lacks "heart" to pass

WASHINGTON (Reuters Breakingviews) - The U.S. Senate healthcare bill lacks "heart" to pass in its current form. President Donald Trump wanted more of that and a less "mean" rollback of Obamacare. Yet the Senate spared only 1 million of the 23 million set to lose health coverage under the House plan, according to Congressional Budget Office figures. On that showing, even a Republican-only deal will need surgery.


Nestle gives Dan Loeb an Alpine peak to climb

NEW YORK (Reuters Breakingviews) - Nestle gives Dan Loeb a fresh peak to climb. The pushy billionaire boss of hedge fund Third Point has set his sights on the Swiss producer of everything from Alpo to Kit Kat and Perrier. Leviathan consumer groups have proven to be tough targets of late, both for activists and suitors. Loeb clearly likes a challenge, though, evidenced by his efforts to agitate Japanese companies to change.


Review: We're all behaviorists now - so what?

NEW YORK (Reuters Breakingviews) - Invited to review a book or two on the financial crisis for an economics journal in 2011, Andrew Lo found the ones he read unsatisfying. Their gaps and inconsistencies failed to tell the full story, prompting him to extend his search. When an editor finally called time a year later, Lo submitted a review of 21 books.


Brexit one year on: an alternative history

LONDON (Reuters Breakingviews) - The following memo comes from the fictional office of a fictional global bank chief executive, sent to employees on the anniversary of Britain’s vote to remain in the European Union.


Viewsroom: Helping Uber hail a new CEO

NEW YORK (Reuters Breakingviews) - Filling departed founder Travis Kalanick’s seat is no easy task, so we offer some suggestions. Elsewhere, Amazon CEO Jeff Bezos’ seemingly crazy $13.7 bln offer for struggling grocer Whole Foods has some logic. Anbang lands in hot water in China. And the lure of 100-year debt.

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.