Asia AM: Cypriot authorities in revised deal talks, Europe bo...
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Asia AM
Monday March 18 2013
Financial Times - Asia homepage
Cypriot authorities in revised deal talks
Cypriot authorities consider additional bank holiday on Tuesday pending emergency ratification of deal that would mitigate danger of a bank run
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/EK1ZD2/E4/h?a1=2013&a2=3&a3=17
Europe botches another rescue
Cyprus deal is a rank violation of the spirit of deposit insurance, which betrays those with the most to lose and the least to answer for
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/Z8KU6L/E4/h?a1=2013&a2=3&a3=17
EU set to widen bonus clampdown
If agreed, the Ucits overhaul will be a shock to the fund management sector, which until now has largely enjoyed free rein to set managers' pay
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/87ROMT/E4/h?a1=2013&a2=3&a3=17
Insurers escape bank-style levies
The International Association of Insurance Supervisors to make its decision public when it unveils plans to deal with 'systemically important insurers'
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/3CEHVB/E4/h?a1=2013&a2=3&a3=17
HSBC set to cut thousands more jobs
Cuts target has still to be fixed but people close to the bank suggest up to 5,000 staff could go as part of the $1bn savings plan
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/IEB4QZ/E4/h?a1=2013&a2=3&a3=17
Japan hits top of Asian IPO chart
Companies raise more cash in Tokyo than in region's other markets combined as pro-growth policies of PM Shinzo Abe reawaken interest in stocks
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/EK1ZD5/E4/h?a1=2013&a2=3&a3=17
China's Li targets smaller role for state
Li Keqiang vows to tackle inequality, corruption and bureaucracy in his first public address as head of the Chinese government
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/MJODR7/E4/h?a1=2013&a2=3&a3=17
Senate staff scour JPMorgan statements
Senate aides are looking for inconsistencies in statements made by Jamie Dimon, chief executive, and Doug Braunstein, former chief financial officer
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/OFCINY/E4/h?a1=2013&a2=3&a3=17
Iraq's appeal wanes for oil majors
Political instability and poor contractual terms diminish its allure and many companies are shifting attention to the semi-autonomous Kurdistan region
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/4VQB2B/E4/h?a1=2013&a2=3&a3=17
Obama pledges corporate tax revamp
President makes overhaul of tax code a key pillar of charm offensive towards Republicans to secure deficit deal but risks alienating some Democrats
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/OFCINW/E4/h?a1=2013&a2=3&a3=17
Financial Times - US homepage
Transocean set for battle with Icahn
The offshore drilling contractor will reject a plan from the activist investor to pay a higher dividend and appoint three new directors
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/Q32QPM/E4/h?a1=2013&a2=3&a3=17
Financial Times - UK Homepage
Osborne to admit fresh blow to debt target
Having originally committed to bring the burden of public debt down by 2015-16 at the latest, chancellor is preparing to concede delay to 2017-18
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/VT5FHY/E4/h?a1=2013&a2=3&a3=17
Miliband set to ditch Trident stance
Labour leader wants to keep independent nuclear deterrent but will call for it to be cut back, aligning party more closely with the Lib Dems
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/VT5FHS/E4/h?a1=2013&a2=3&a3=17
Highbridge raises large mezzanine fund
JPMorgan-owned group's fundraising underscores investors' appetite for more adventurous forms of debt as central bank action stokes demand
http://link.ft.com/r/OZMCDD/9MI15V/D4L0IN/VLJ3ZZ/EK1ZDG/E4/h?a1=2013&a2=3&a3=17
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