Asia AM: Fears over weak earnings hit Apple, IMF warns on ris...


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Financial Times
Asia AM
Thursday April 18 2013

Financial Times - Asia homepage
 
Fears over weak earnings hit Apple
Apple's shares touched a fresh 12-month low, as investors weighed up reports that suggested the company's shipments of new products were slowing
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/YGY6XO/CM/h?a1=2013&a2=4&a3=17
 
IMF warns on risks of excessive easing
Fund raises concerns of a potential shift to a 'more chronic phase' with bouts of financial instability, without more policy reform
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/FDBI14/CM/h?a1=2013&a2=4&a3=17
 
Suspect detained in ricin scare
Poisoned letter sent to US president follows the seizure of suspicious mail sent this week to Roger Wicker, a Mississippi Republican senator
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/WHKG5P/CM/h?a1=2013&a2=4&a3=17
 
Chinese official endorses monetary easing
In contrast to criticism from other officials, a senior China Investment Corp figure has given cautious approval to radical monetary easing
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/PNZPVJ/CM/h?a1=2013&a2=4&a3=17
 
Equities slide on renewed growth worries
Weak corporate earnings and global growth concerns leave equities and commodities nursing sharp losses, but gold continues to recover
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/MJVF6Z/CM/h?a1=2013&a2=4&a3=17
 
North Korea rejects US call for talks
Pyongyang says that it is not opposed to taking part in negotiations but will not talk to 'the party brandishing a nuclear stick'
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/6AF79H/CM/h?a1=2013&a2=4&a3=17
 
Taiwan runs live-fire military exercise
With its first big exercise for five years, aimed at showing readiness to defend attack from China, President Ma Ying-jeou wants to face down critics
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/B41X3W/CM/h?a1=2013&a2=4&a3=17
 
Beijing at home on global regulatory stage
Glencore-Xstrata conditions highlight a shift from considering global M&A deals on purely antitrust grounds and may herald more aggressive rulings
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/3CS2E2/CM/h?a1=2013&a2=4&a3=17
 
A conclusion of unThatcherite pageantry
Thatcher was given a funeral of a dignity not seen since the Queen Mother's death and, royalty aside, since Sir Winston Churchill in 1965
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/6AF79T/CM/h?a1=2013&a2=4&a3=17
 
Rival offers weighed up in race for Sprint
With Dish, Sprint would gain valuable wireless spectrum it could use to expand its service offerings, but join a company with a precarious debt load
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/LSCR87/CM/h?a1=2013&a2=4&a3=17
 

Financial Times - US homepage
 
US Senate rejects gun background checks
The Senate fell short of the 60 votes needed to pass the proposal that required background checks on people who buy firearms online and at gun shows
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/52RZ9C/CM/h?a1=2013&a2=4&a3=17
 
US court forbids foreign abuse claims
The ruling will come as a relief to Shell, the Anglo-Dutch oil company, as well as to other companies accused of wrongdoing overseas
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/B41X35/CM/h?a1=2013&a2=4&a3=17
 
Brazil raises interest rates
Brazil's central bank ended an easing cycle that last nearly two years by raising its benchmark lending rate
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/B41XN0/CM/h?a1=2013&a2=4&a3=17
 
Nokia plans 'phablet' in new handset range
Finnish group set to launch several high-end smartphones this year to add momentum to the slow growth of the Lumia handset that uses Windows software
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/3CS2IP/CM/h?a1=2013&a2=4&a3=17
 
Harvard duo defend case for austerity
Rogoff and Reinhart said they would review criticisms but argued there was consensus on the basic conclusion of higher debt leading to slower growth
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/A5UWFH/CM/h?a1=2013&a2=4&a3=17
 
BofA struggles to recover from bad loans
Second-biggest US bank reports decline in revenue in consumer, mortgage and investment banking divisions and further bad loan costs
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/IE69BJ/CM/h?a1=2013&a2=4&a3=17
 

Financial Times - UK Homepage
 
Perils of austerity theory take centre stage
The spat over a 2010 paper has attracted attention because the result was widely and aggressively cited as a reason to tighten fiscal policy
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/209VYT/CM/h?a1=2013&a2=4&a3=17
 
Central bankers say they are flying blind
At the IMF spring meeting, economists concede they do not fully understand what is happening in developed economies and worry about side-effects
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/PNZPVN/CM/h?a1=2013&a2=4&a3=17
 
Eurozone woes shift climate change focus
Tuesday's vote to prop up the EU carbon market has provoked much soul searching about the bloc's devotion to global warming
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/A5UWFV/CM/h?a1=2013&a2=4&a3=17
 
Changing times see Tesco shelve landbanks
Chief executive ascribes £804m writedown down to changing face of retailing with growth in online shopping curbing the need for bigger stores
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/LSCR8X/CM/h?a1=2013&a2=4&a3=17
 
SFO demands law firm's ENRC documents
Dechert receives notice after miner fired the firm from investigation into its business, in a sign the UK prosecutor is weighing a criminal inquiry
http://link.ft.com/r/ZE9K33/20X6EH/S3MIHV/QNQ788/8735JU/CM/h?a1=2013&a2=4&a3=17
 
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