Asia AM: Apple bows to Chinese pressure, US has lost 2m cleri...
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Asia AM
Tuesday April 02 2013
Financial Times - Asia homepage
Apple bows to Chinese pressure
Chief executive says that a lack of external communication had led to a perception of that Apple was 'arrogant' and did not value consumer feedback
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/CW1DXN/XL/h?a1=2013&a2=4&a3=1
US has lost 2m clerical jobs since 2007
Computers are a probable cause of rising income inequality as they replace book-keepers and file clerks while creating demand for skilled staff
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/B4UKWS/XL/h?a1=2013&a2=4&a3=1
US banks weigh EU bonus cap options
Bankers say US institutions are considering whether it still makes sense to base Europe, Middle East and Africa (Emea) business in London
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/EKTID3/XL/h?a1=2013&a2=4&a3=1
Seoul vows tough response to North Korea
President Park Geun-hye orders the military to retaliate strongly to any North Korean provocation as tensions mount further on the divided peninsula
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/B4UKWE/XL/h?a1=2013&a2=4&a3=1
Stock markets start April on cautious note
Data from Japan and China weigh on sentiment but investors are focusing on the Bank of Japan's policy meeting later this week
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/Q3Z1P5/XL/h?a1=2013&a2=4&a3=1
China left out of Obama free trade party
Washington is negotiating with the EU and states in the Asia-Pacific region. It hopes to establish standards that Beijing would be obliged to respect
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/XBK6G4/XL/h?a1=2013&a2=4&a3=1
Nasdaq OMX in $1.2bn deal to buy eSpeed
The transatlantic equity exchange operator enters the fixed-income trading environment with a $1.2bn offer for an electronic trading platform
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/OF2PNZ/XL/h?a1=2013&a2=4&a3=1
India patent rulings pique pharma groups
Court verdict on Novartis case seen as having wide implications not just for Glivec but other drugs that multinationals want to patent in the country
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/9M3W59/XL/h?a1=2013&a2=4&a3=1
Chesapeake foresees higher gas prices
Acting chief executive says the company has 'taken advantage of the recent surge in natural gas prices' to lock in current levels for planned sales
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/NRV3F7/XL/h?a1=2013&a2=4&a3=1
Northern Cyprus watches neighbour's anguish
This year marks half a century of the Cypriot dispute and 45 years of fruitless negotiations between the island's Greek and Turkish sides
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/1OEV0Y/XL/h?a1=2013&a2=4&a3=1
Financial Times - UK Homepage
Cameron snubbed over Brussels review
France and Germany have declined to participate in a survey of views on Brussels powers, seeing the exercise as more about UK politics
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/WHX8BK/XL/h?a1=2013&a2=4&a3=1
Cyprus bank chief seeks to allay fears
Demetriades, governor of Central Bank of Cyprus, promises steady lifting of capital controls as he seeks to restore calm after 'haircut' revealed
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/VTWGH4/XL/h?a1=2013&a2=4&a3=1
FSA to give way to 'twin peaks' system
Discredited watchdog to be replaced by two new regulators: the Prudential Regulation Authority and the Financial Conduct Authority
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/VTWGHV/XL/h?a1=2013&a2=4&a3=1
Hess to sell Russian subsidiary to Lukoil
The sale was one of the moves proposed in a restructuring plan, which is expected generate proceeds to pay down debt and strengthen the balance sheet
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/CW1DX1/XL/h?a1=2013&a2=4&a3=1
Investors pour $35bn into reinsurance
Facing low yields from other prospective asset classes, investors have ploughed an estimated 30% more capital into reinsurance than a year ago
http://link.ft.com/r/R5WAEE/SUOE04/3O9UZD/ZGPJM2/3C9AV4/XL/h?a1=2013&a2=4&a3=1
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