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 - Japanese bond market shift spells stronger yen

Success lies in the eyes of the beholder. Bank of Japan Governor Haruhiko Kuroda is pursuing a policy of yield-curve control, which he defines as keeping 10-year government bond yields tethered near zero. He is hitting his target but may nevertheless saddle his country with an economic headache.

Breakingviews - Uber’s Postmates deal will barely touch the sides

There are three good things about Uber Technologies’ purchase of Postmates. First, it removes a competitor from the food delivery market. Second, it looks cheap in light of the amount of cost Uber boss Dara Khosrowshahi thinks he can cut. And while at $2.7 billion the deal is pretty small, that makes it an amuse-bouche sized test of how regulators will respond to the $55 billion ride-hailing firm’s future acquisitions.

Breakingviews - Lloyds CEO leaves the big thinking to successor

The board of Lloyds Banking Group has devised a management handover that evokes its boss’s slick hair. Well-coiffed Chief Executive António Horta-Osório will leave the 23 billion pound UK bank in 2021, nine months after incoming Chairman Robin Budenberg joins. The smooth transition will reassure shareholders, and give Budenberg time to find a successor to boost fee income and test the waters on M&A.

Breakingviews - OneWeb’s relaunch shortens distance to profit

OneWeb’s relaunch will better position it to go head-to-head with Jeff Bezos and Elon Musk in orbit. The collapsed SoftBank-backed satellite startup is set to exit bankruptcy and get back into the internet space race with a $1 billion injection from the owner of India’s Bharti Airtel, the world’s third-largest telecom operator, and the UK government. The deal, if approved, will shore up future revenue and reduce sizeable risks.

Breakingviews - Macron will retreat on French reform to win again

French President Emmanuel Macron’s reformist credentials are on the line. The former Rothschild investment banker on Friday reshuffled his government, the first step in what he has previously flagged would be a reinvention of his presidency. He may be willing to ditch more than his prime minister in his bid to win re-election in 2022.

Breakingviews - Gold mining in Greenland is smarter than it sounds

AEX Gold is setting the early pace in a global warming-fuelled scramble for Greenland’s mineral wealth. The Canadian miner wants to restart bullion production on the giant ice-bound island with 45 million pounds unearthed from a planned UK listing. The idea is less sketchy than it looks.

Breakingviews - Review: The callous roots of caffeine capitalism

The British author Tim Marshall once wrote that Africa is “equally cursed and blessed by its resources – blessed in so far as it has natural riches in abundance, but cursed because outsiders have long plundered them”. Augustine Sedgewick’s “Coffeeland” describes El Salvador’s own dubious blessing: the fertile soil on the slopes of the Santa Ana Volcano in the west of the Central American country. The problems raised by its dependence on abundant and enormously pr

Breakingviews - Sea’s $55 bln valuation can rise with the tide

Sea is benefitting from a high tide. The Singaporean tech company’s $55 billion market capitalisation has risen eight-fold in the three years since its New York listing, outpacing global rivals. A pandemic-related boom in online games and e-commerce has helped, justifying much of the investor enthusiasm. Its payments business could provide the Tencent-backed outfit with an extra valuation buoy.