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France says it’s difficult to meet EU requests on EDF reform

Bloomberg French Finance Minister Bruno Le Maire said it will be difficult for the country to accept the European Commission’s requests regarding a proposed reorganisation of Electricite de France SA tied to regulatory reform. “It seems very complicated to explain to the French — not to mention EDF employees — that we’ll give in to the demands of the European ...

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India needs a new round of bankruptcy reform

Five years ago, India came up with a legal answer to its perennial economic challenge of rescuing the money stuck in zombie firms. Unlike China, which has the cushion of high savings, India’s inefficient use of limited domestic capital has meant a chronic inability to put its swelling ranks of youth to work. After toying with the idea for more ...

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For Didi, US is a fairyland of amateurs

The Chinese have a nickname for unsophisticated stock investors. They call them chives, a healthy crop that can flourish soon after planting, which keep coming up again and again — just like the chumps chasing meme stocks and blank-check companies for spectacular returns. The US market seems to be the perfect place for Chinese companies to harvest chives. This sure ...

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