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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.

Breakingviews - GM strike is minor fender-bender, not car crash

The strike at General Motors’ U.S. plants should have very little staying power. That’s not because members of the United Auto Workers don’t have their hearts in it, or because the carmaker’s executives have little at stake. It’s simply because the two sides are far too close to a deal for it to be worth continuing for long.

Breakingviews - Drones detonate Saudi Aramco’s renewed IPO hopes

Saudi Aramco’s best-laid IPO plans just suffered a drone strike. In the last few weeks, the world’s biggest oil producer had seemed to be getting its stalled listing back on track by identifying a new chairman and naming a squadron of investment bankers to oversee a Riyadh stock offering. Saturday’s air attacks by Iran-aligned Houthi rebels, which knocked out over half Saudi’s national oil output, upend that.

Breakingviews - Big Oil’s climate smokescreen is about to clear

Big Oil’s life is about to get tougher. One of the key stumbling blocks for investors trying to work out if a crude producer faces impending ruin is the lack of a reliable global warming base case to deploy when interacting with board members. That could be about to change.

Breakingviews - ECB’s Super Mario channels a new cartoon hero

Mario Draghi is channelling a new cartoon character. The outgoing European Central Bank boss, dubbed Super Mario for all he did to fight the euro zone crisis and revive growth, on Thursday unveiled fresh stimulus measures, including a rate cut and new asset purchases. The open-ended nature of the buying smacks of Toy Story’s Buzz Lightyear. Markets seem to think it will last to infinity and beyond.

Breakingviews - Some Aramco IPO banks look more equal than others

All Saudi Aramco’s listing advisers are equal, at least in name. The oil giant has hired nine banks to lead its revived initial public offering and given them the grand-sounding title of global coordinator, Reuters reported on Wednesday. That means they all get bragging rights. But they will not all be doing the same thing.

Breakingviews - HKEX bids $37 bln to halt London rival’s escape

Hong Kong and London are both financial centres racked by political turmoil. But months of violent protest in the Chinese territory and parliamentary disarray in Britain are no obstacles to Charles Li’s hopes of combining the two cities’ stock exchanges. The chief executive of Hong Kong Exchanges and Clearing on Wednesday unveiled a plan to buy London Stock Exchange Group for $37 billion in cash and shares. It’s a last-ditch attempt to prevent his target from e

Breakingviews - Viewsroom: Nissan’s car-crash CEO

Hiroto Saikawa is stepping down amid controversy over his pay. It has implications for the company’s rocky Renault alliance, and by extension for the French carmaker’s recent attempt to merge with Fiat Chrysler. Plus, is activist Elliott Management going soft on AT&T?

Breakingviews - Apple TV could be pilot for more dramatic things

Apple is known for the cleanness of its smartphone designs, yet its TV plans have until now been full of static. On Tuesday, the $970 billion company made things a tad clearer, by announcing that its new Apple TV+ package will be cheaper than rivals. That doesn’t guarantee it will be a smash hit, but it’s enough to get a bunch of people trying it out, which will help Chief Executive Tim Cook with a longer-term goal.