Asia AM: Apple cleans up with $17bn US bond issue, Global sto...


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Financial Times
Asia AM
Wednesday May 01 2013

Financial Times - Asia homepage
 
Apple cleans up with $17bn US bond issue
The maker of the iPhone, which has no debt, is seeking to take advantage of low interest rates to help fund its $100bn planned capital return
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/3CSU7Q/6C/h?a1=2013&a2=4&a3=30
 
Global stocks hit fresh cyclical highs
Risk appetite remains underpinned by central bank hopes, as weak US and eurozone economic data fuel hopes of continued policy accommodation
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/FDBV9O/6C/h?a1=2013&a2=4&a3=30
 
Japanese shoppers loosen purse strings
Consumer spending grew in March at its fastest rate in nine years boosted by a weaker yen and improved confidence about the economy
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/PNZKLI/6C/h?a1=2013&a2=4&a3=30
 
Yahoo pays Mayer $36m for six months
Remuneration includes stock awards granted in 2012 that have not vested and comes as group makes effort to quell investor anger over excessive pay
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/9MPGKF/6C/h?a1=2013&a2=4&a3=30
 
Fed weighs tighter cap on bank leverage
The move is being considered amid scepticism of the Basel III accords, which allow banks to vary capital requirements depending on the riskiness of individual assets
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/B416Y1/6C/h?a1=2013&a2=4&a3=30
 
UBS strategy shift bolsters profits
Swiss banking group posts net profits of SFr988m, well ahead of analysts' forecasts, after move to focus on wealth management and cut back on risk
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/209PZ3/6C/h?a1=2013&a2=4&a3=30
 
Unilever increases control over Indian unit
Anglo-Dutch consumer goods group aims to raise its stake in Hindustan Unilever to 75% as part of a strategic focus on emerging markets
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/209PZU/6C/h?a1=2013&a2=4&a3=30
 
SoftBank defends $20bn Sprint Nextel bid
Japanese mobile phone group rules out raising its takeover approach for the US operator and derides $25.5bn rival move of satellite TV business Dish
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/3CSU7D/6C/h?a1=2013&a2=4&a3=30
 
Asian hedge fund rides African rollercoaster
Heavy investment in African miner Sundance by the Senrigan fund was based on the hope that a Chinese group would snap it up, but the road has been full of obstacles
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/9MPGKR/6C/h?a1=2013&a2=4&a3=30
 
Singh branded 'weak' in China border dispute
Opposition leader calls for expulsion of Chinese troops in Indian-controlled territory as People's Liberation Army erects fifth tent at Himalayan border
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/B416Y0/6C/h?a1=2013&a2=4&a3=30
 

Financial Times - US homepage
 
New Mexico tax race stirs debate
State governor SusanMultimedia Daily Plana Martinez is trying to attract and retain investment but critics say lower rates will hit working families while multinationals gain
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/OFAX1E/6C/h?a1=2013&a2=4&a3=30
 
Obama in new push to close Guantánamo
The US president campaigned in 2008 on a promise to close the facility but the effort was abandoned after encountering stiff resistance among both parties in Congress
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/6AFT4R/6C/h?a1=2013&a2=4&a3=30
 
Elysée to auction 10th of wine cellar
Wines no longer present in large enough numbers to serve at palace events will be sold off and proceeds reinvested in "more modest" vintages
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/DXT0EF/6C/h?a1=2013&a2=4&a3=30
 
Anger in UK on £4.5bn corporate tax deals
The leaked memo came ahead of a judicial review on Thursday that will scrutinise a "sweetheart deal" deal struck by HMRC with Goldman Sachs
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/Q37DTD/6C/h?a1=2013&a2=4&a3=30
 
Distress of Europe's anti-austerity left
A collective howl of protest and despair will resound through Europe's streets and squares on Wednesday at the annual May 1 rallies
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/Z8IFVU/6C/h?a1=2013&a2=4&a3=30
 
Syrian rebels adopt local governing roles
Local authorities have been set up in the rural north out of necessity, with many unelected, but they are acutely short of resources
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/OFAX1M/6C/h?a1=2013&a2=4&a3=30
 
US home ownership rate at near 18-year low
The share of the country's population that owned their homes fell to 65 per cent in the first quarter, as property prices post gains
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/A5U8D1/6C/h?a1=2013&a2=4&a3=30
 

Financial Times - UK Homepage
 
Osborne warns BoE against curbing growth
Chancellor's remit for FPC reflects concern that excessive focus on making bank system shockproof could create 'financial stability of a graveyard'
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/HI8AJO/6C/h?a1=2013&a2=4&a3=30
 
ENRC faced 11th-hour hitch over listing
The controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found evidence that records had been falsified or destroyed
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/NR2WU6/6C/h?a1=2013&a2=4&a3=30
 
BP faces 2,200 Deepwater lawsuits
Profits beat expectations as high-margin areas help to offset lower production following impact of $38bn asset disposal programme
http://link.ft.com/r/XYEWFF/DXF77B/26QPAK/NJI3IK/RPMYHK/6C/h?a1=2013&a2=4&a3=30
 
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