Breakingviews - Big Tech backlash will hurt Little Tech more

Some U.S. lawmakers want to curb the society-shaping power of technology firms like Facebook. By doing so, they could end up doing irreparable damage to smaller technology companies too, from dating sites to business listings services. Politicians’ weapon of choice – a piece of legislation dating back to 1996 – is far too blunt.

Breakingviews - Deutsche CEO will dust off Commerz merger in 2021

Christian Sewing has had a surprisingly good year, but 2021 will be harder. The chief executive of 17 billion euro Deutsche Bank will most likely have to abandon his medium-term profitability target. Reviving a merger with rival Commerzbank is the most logical Plan B. 

Breakingviews - It’s time for Sheldon Adelson to leave Las Vegas

Sheldon Adelson’s Las Vegas Sands is doubling down on Asia. The $37 billion casino operator may sell U.S. assets for $6 billion, which it can use to build its footprint in the faster-growing region. That would thin its hedge against rising risks in Chinese Macau. But the Nevada market is saturated, and a marginal contributor to revenue. Sands could use the cash for other things.

Breakingviews - Noel Quinn deftly sails HSBC into stiff winds

HSBC is doing its best to power through the storm. The 36% decline in third-quarter pre-tax profit from a year earlier, to $3.1 billion, was better than feared thanks in part to choppy markets and modest loan provisions. Boss Noel Quinn’s plan to wring more fees out of customers is also welcome. He is up against more than just central bankers, though. 

Breakingviews - Ant’s $312 bln valuation puts faith in fast growth

Ant is doing all it can to project prosperity. The financial technology company priced both sets of its shares with a lucky number eight, which sounds like "fortune" in Chinese. To live up to that symbolised measure of success, and a $312 billion valuation, it will have to grow quickly.

Breakingviews - The Exchange: IMF and sub-Saharan Africa

The regional head of the International Monetary Fund, Abebe Aemro Selassie, joins Swaha Pattanaik to discuss how the Washington-based lender is helping hard-hit countries, debt difficulties, the need for reforms, and why policy choices are more limited than in advanced economies.

Breakingviews - Joe Biden is private equity’s tax boogeyman

Private equity’s recipe for creating riches has two main ingredients: debt and tax perks. Joe Biden wants to turn the second one into a fond memory. If the Democrat becomes U.S. president after the election on Nov. 3, his tax plans could undermine buyout barons’ business model and pit shareholders, clients and employees against one another.

Breakingviews - Coke bottler serves up flat cross-border deal

Having two Cokes together may be as bad an idea financially as it is for health reasons. Coca-Cola European Partners has offered to buy Australian bottling peer Coca-Cola Amatil for about $6.2 billion. There are few synergies to help justify the premium on offer, leaving a return on investment that lacks fizz.

Breakingviews - Samsung chairman bequeaths a tainted empire

Lee Kun-hee leaves behind an impressive, albeit deeply flawed, empire. The Samsung chairman, who transformed his father's noodle-trading business into a $355 billion smartphone and chipmaking colossus, has died at 78. The second-generation leader's mark on Korea Inc will endure, but so do scandals that threaten the family’s grip on power.

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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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