In today's FT: Cyprus scrambles to renegotiate bailout, Levy plan ‘...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/XYEWFF/Z8DH46/2RFOP2/8ANBW9/   In today's FT Tuesday March 19 2013 Financial Times - UK Homepage   Cyprus scrambles to renegotiate bailout Island's banks are ordered to stay closed for two more days to avoid a bank run, as the government delays vote for the second day running http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/MJ0Q62/1G/h?a1=2013&a2=3&a3=18   Levy plan 'bleak day for banking union' Investors rattled that terms of bailout seem to tear up the principles of creditor hierarchy, setting a precedent that could be replicated elsewhere in eurozone http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/WHW157/1G/h?a1=2013&a2=3&a3=18   Osborne to tighten public sector squeeze Chancellor to challenge Labour to match his tough attitude to public sector workers or face a further black hole in the public finances http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/6AJCSM/1G/h?a1=2013&a2=3&a3=18   Financial Times - US homepage   Citi to pay $730m in subprime settlement Buyers of Citi securities between 2006 and 2008 had alleged the bank misrepresented its vulnerability to billions of dollars in mortgage-related assets http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/RPZF2X/1G/h?a1=2013&a2=3&a3=18   Liquidity of corporate US at record level Swelling cash reserves of Apple and other technology groups have raised the overall liquidity of corporate America to record levels http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/CWUMPM/1G/h?a1=2013&a2=3&a3=18   Charter soars on interest from Liberty Shares in the cable operator hit new highs on reports that John Malone's Liberty Media was in talks to acquire a 25% stake for $2.5bn http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/A53ZF2/1G/h?a1=2013&a2=3&a3=18   Financial Times - Europe homepage   Contractors reap $138bn from Iraq war FT analysis reveals how private US and foreign groups have benefited, with the top 10 contractors securing business worth $72bn between them http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/Q3ARVI/1G/h?a1=2013&a2=3&a3=18   SAC signals further action after $614m deal Tom Conheeney, SAC president, told clients that he did not 'want to leave you with the thought that this means everything is cleared up' http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/B4P7NV/1G/h?a1=2013&a2=3&a3=18   Brussels green light for Italy debt sale Rome plans to pay arrears owed to private sector via increases in sales of public debt on the market after European Commission eases austerity rules http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/B4P73W/1G/h?a1=2013&a2=3&a3=18   Financial Times - Asia homepage   Japan's farmers dig in against trade deal The agriculture ministry says that if import barriers are lifted under the prime minister's plan, Japan's agricultural output could shrink by half http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/CWUM3A/1G/h?a1=2013&a2=3&a3=18   China joins top five arms exporters Chinese arms exports rose 162% in 2008-2012 mainly because of sales to Pakistan, ousting the UK as the world's fifth-largest weapons exporter http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/3CQ6I8/1G/h?a1=2013&a2=3&a3=18   Electronic Arts to replace chief executive The second-largest video game publisher by market capitalisation lost its crown when Activision merged with the games division of Vivendi http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/IEGDH6/1G/h?a1=2013&a2=3&a3=18   Financial Times - World   Cyprus shows German line is hardening Russian money swelling the coffers of Cypriot banks has given Merkel's opponents a chance to talk tough and seize the moral high ground http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/GYHXLA/1G/h?a1=2013&a2=3&a3=18   Bloomberg takes aim at cigarette displays In New York the smoking rate among adults fell from 21.5% in 2002 to 14.8% in 2011 – but youth smoking has been flat at 8.5% since 2007 http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/B4P7N3/1G/h?a1=2013&a2=3&a3=18   Elite barrister Metzner found dead Death being treated as suicide after his body was found in waters around the Brittany island he owned. Clients included former French prime minister http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/Q3AR28/1G/h?a1=2013&a2=3&a3=18   Argentina asks pope for help on Falklands President wants pontiff to lobby Britain to negotiate sovereignty of the islands despite recent poll showing its residents wish to stay British http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/NRC90L/1G/h?a1=2013&a2=3&a3=18   ICC to consider Kenyatta case The International Criminal Court is to hold hearings on Monday on whether to dismiss charges against the recently elected Kenyan president http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/4V9OQC/1G/h?a1=2013&a2=3&a3=18   Financial Times - Companies   GE set for landmark board vote The election of the new directors – three of whom have already joined the board – follows shareholder advisers' concerns about corporate governance http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/20E8YL/1G/h?a1=2013&a2=3&a3=18   BlackRock to axe poorer performing staff A person familiar with the company said cuts would be felt at all levels, but no named portfolio managers or senior executives were in line to be cut http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/VT4UMY/1G/h?a1=2013&a2=3&a3=18   Airbus wins $24bn Lion Air order Fast-growing Asia carrier has previously bought aircraft from Boeing but now plans to purchase 234 single aisle jets from the European group http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/CWUM36/1G/h?a1=2013&a2=3&a3=18   Former Calpers head charged over fees The indictment is the latest move in a long-running investigation into abuses related to the payment of fees for access to Calpers http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/WHW15W/1G/h?a1=2013&a2=3&a3=18   Lego to build its first factory in Asia The toymaker responds to surging demand with plans to construct a new factory in Jiaxing, China. The move is part of a push to ramp up production in low-cost countries http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/LSOE80/1G/h?a1=2013&a2=3&a3=18   Financial Times - Financial markets news   Cyprus concerns spook markets Shares drop as a plan to tax private bank deposits to fund a €10bn bailout for Cyprus revives worries about Europe's debt crisis http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/LSOE85/1G/h?a1=2013&a2=3&a3=18   Cypriot contagion risk rattles investors Markets have taken fright at eurozone politicians' apparent continuing propensity for turning a small crisis into a bigger one, with the effects spreading http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/CWUMPE/1G/h?a1=2013&a2=3&a3=18   Euro at three-month low on Cyprus jitters Analysts say that continuing uncertainty over developments in Cyprus as well as Italy are likely to keep the single currency under pressure http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/3CQ6IY/1G/h?a1=2013&a2=3&a3=18   Rising dollar marks big investment shift US currency should be expected to trend higher, and put industrial commodities and emerging market currencies and local debt under pressure http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/K96IGZ/1G/h?a1=2013&a2=3&a3=18   Dividend stocks fuel selective US rally Investors turn to 'S&P 500 Aristocrats' with big inflows to dividend-focused equity funds as low bond yields push market into riskier assets http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/RPZF20/1G/h?a1=2013&a2=3&a3=18   Financial Times - Comment   Europe's leaders run out of credit in Cyprus The lack of convergence in trust and political culture is at least as important as a lack of economic convergence, writes Gideon Rachman http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/FDTWLX/1G/h?a1=2013&a2=3&a3=18   Press battle thaws Labour-Lib Dem frost Labour's self-pitying notion that Nick Clegg chose to govern with the Tories out of ideological choice is giving way, writes Janan Ganesh http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/HIBKHS/1G/h?a1=2013&a2=3&a3=18   Monetary easing alone will not fix Japan Taken together, the three pillars of Abenomics – also including fiscal stimulus and structural reform – make sense, writes Richard Koo http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/LSOE6R/1G/h?a1=2013&a2=3&a3=18   Delhi needs to sell the idea of the market Reflecting on the nation's poor governance, Indians like to say their country 'grows at night while the government sleeps', writes Gurcharan Das http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/6AJC93/1G/h?a1=2013&a2=3&a3=18   Time for a Wikipedia overseas aid policy The UN is wrong to set the same goals for all developing countries and instead should let them choose their own aims, says Ricardo Hausmann http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/PN2JC8/1G/h?a1=2013&a2=3&a3=18   Financial Times - Management   From boycotts to business briefs Charities are increasing pressure on corporations over issues such as tax and supply chains as a means to effect change, writes Louise Lucas http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/YGKTXC/1G/h?a1=2013&a2=3&a3=18   Be wary of promises of a success formula Another study of corporate eminence can be criticised but the elusive goal of trying to find the magic formula is worth the effort, writes Andrew Hill http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/XBXLW2/1G/h?a1=2013&a2=3&a3=18   The film-maker as a creative boss Yves Montmayeur's documentary of Michael Haneke shows the director as an idiosyncratic control-freak who is both loved and feared, writes Emma Jacobs http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/LSOE6S/1G/h?a1=2013&a2=3&a3=18   Rock band 'spreads' Kaizervirus app Norwegian group Kaizers Orchestra leaked its latest songs in the form of viruses that could be "caught" by fans using an app, writes Bede McCarthy http://link.ft.com/r/XYEWFF/Z8ZJZ3/6VRT5E/MSK9G5/NRC9OO/1G/h?a1=2013&a2=3&a3=18   Financial Times - Special Reports Risk Management: Financial Institutions The Future of Business Data The Business of Formula One Video Lex Breaking bank capital taboo The Cypriot plan to tax bank deposits is breaking a taboo that savings are sacrosanct. Lex's Stuart Kirk and Oliver Ralph discuss the ramifications of this plan for the industry. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..