Asia AM: Cyprus parliament rejects bank levy, Stocks fall as ...


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Financial Times
Asia AM
Wednesday March 20 2013

Financial Times - Asia homepage
 
Cyprus parliament rejects bank levy
Nicosia seeks aid from Moscow in an effort to secure economic assistance as the island's finance minister has his resignation rejected by the president
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/Z8D08Q/6C/h?a1=2013&a2=3&a3=19
 
Stocks fall as Cyprus uncertainty mounts
Uncertainty over the situation in Cyprus made for a cautious session as the country's parliament rejected a planned tax on bank deposits
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/K96R93/6C/h?a1=2013&a2=3&a3=19
 
Hacked PCs falsify billions of ad clicks
Botnet traffic defrauding advertisers of $6m a month, according to a report that highlights the increasing complexities and opacity of the industry
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/YGKOGW/6C/h?a1=2013&a2=3&a3=19
 
Obama faces battle to woo Israeli public
US president will try to win trust of ordinary Israelis on his first visit to the Jewish state, but there is little enthusiasm for him on the ground
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/DX1YXN/6C/h?a1=2013&a2=3&a3=19
 
Liberty Media in $2.6bn cable 'pipes' bet
Confirming plans to buy stake in Charter Communications, Liberty Media chief executive told the FT: 'Pipe is only getting more valuable'
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/XBX6BD/6C/h?a1=2013&a2=3&a3=19
 
Freddie sues over 'substantial' Libor loss
Freddie suffered losses from hundreds of swap transactions indexed to Libor as well as on billions of dollars of mortgage securities, suit alleged
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/FDTED9/6C/h?a1=2013&a2=3&a3=19
 
Yoga pants reveal Lululemon shortcomings
Announcement leaves the exercise brand with a pants shortage, which it said would hurt sales, and focuses attention on its supply chain
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/Q3A13B/6C/h?a1=2013&a2=3&a3=19
 
More bond investors bet on US rate rise
More money has flowed into leveraged loan mutual funds in the first 10 weeks of 2013 than all of 2012 in a ploy to utilise floating interest rates
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/VT4GT4/6C/h?a1=2013&a2=3&a3=19
 
Gehry at centre of Eisenhower memorial spat
A $142m tribute to Dwight Eisenhower is decried by the former president's family as insufficiently austere and is opposed by a Tea Party congressman
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/NRC3RP/6C/h?a1=2013&a2=3&a3=19
 
Chemical attack reported near Aleppo
In the first credible report of the use of chemical weapons in Syria's war, both the regime and rebels deny firing a Scud rocket near a northern city
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/52S72J/6C/h?a1=2013&a2=3&a3=19
 

Financial Times - UK Homepage
 
Osborne orders £2.5bn in extra cuts
Scale of borrowing crisis set to dwarf any good news. Ministers told to find savings over next two years to fund housing and other capital projects
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/7ZR5ZY/6C/h?a1=2013&a2=3&a3=19
 
French budget minister resigns
Jérôme Cahuzac steps down as formal investigation into allegations that he had an undeclared Swiss bank account up to 2010 is launched
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/Q3A132/6C/h?a1=2013&a2=3&a3=19
 
More bond investors bet on US rate rise
More money has flowed into leveraged loan mutual funds in the first 10 weeks of 2013 than all of 2012 in a ploy to utilise floating interest rates
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/4V9ZVK/6C/h?a1=2013&a2=3&a3=19
 
Fraudsters exploit web advert algorithms
Investigation into 200 websites reveals armies of hijacked PCs are being used to inflate traffic by billions of page impressions, costing brands $6m a month
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/K96R9B/6C/h?a1=2013&a2=3&a3=19
 
Bank bailouts reshuffle risk hierarchy
The Cypriot rescue plan, while likely to be moderated, shows how eurozone policymakers have taken increasingly aggressive actions
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/Z8D085/6C/h?a1=2013&a2=3&a3=19
 
Leading banks make big strides on Basel
Capital shortfall almost halves as the amount required to meet tougher new requirements dips below 50% of the reported profits of the lenders
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/LSOFSV/6C/h?a1=2013&a2=3&a3=19
 
Arm loses a pair of capable hands
Warren East's departure surprised both the industry and markets as the company reaches an inflection point in its development to global tech powerhouse
http://link.ft.com/r/QM42II/FDRADP/FXHVQP/16UHKJ/3CQAC4/6C/h?a1=2013&a2=3&a3=19
 
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