Asia AM: Fed leaks rate-setting minutes to banks, Lagarde war...
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Asia AM
Thursday April 11 2013
Financial Times - Asia homepage
Fed leaks rate-setting minutes to banks
Rate-setting FOMC considers if a continued labour market improvement should prompt a QE slowdown 'at some point over the next several meetings'
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/K9O718/9A/h?a1=2013&a2=4&a3=10
Lagarde warns over three-speed world
Speech highlights a new phase for global economy in which uneven pace of growth is creating new imbalances that could sow seeds of a future crisis
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/UL4ECV/9A/h?a1=2013&a2=4&a3=10
Equities shrug off latest Fed minutes
S&P 500 hits fresh intraday record after Asian and European stocks firm, with the yen's weakness helping to take the Nikkei to its highest since August 2008
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/A5PGQR/9A/h?a1=2013&a2=4&a3=10
KPMG affair highlights fight for change
Investors trying to quantify the latest insider trading scandal are impeded by the absence of rules to name senior auditors in annual reports
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/1OEN5I/9A/h?a1=2013&a2=4&a3=10
Windows 8 blamed as PC market tumbles 14%
PC makers had hoped new Microsoft operating system would reignite market when it was introduced last October, but it has had opposite effect, says IDC
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/PNAXGZ/9A/h?a1=2013&a2=4&a3=10
Chinese groups chastened by conflict zones
Exposure in conflict zones has prompted the state-owned Chinese engineering group to become more conservative in choosing overseas projects
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/OF2WBB/9A/h?a1=2013&a2=4&a3=10
All you need to know – about yourself
Service to release intimate details about people's lives collected and analysed by Acxiom – such data are a gold mine in the digital age
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/K9O712/9A/h?a1=2013&a2=4&a3=10
Blankfein avoids vote but Dimon on the hook
The JPMorgan chief executive and chairman will face a shareholder vote on whether he should lose one of his titles in the name of corporate governance
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/WHX92Z/9A/h?a1=2013&a2=4&a3=10
China trade data raise accuracy worries
Exports increased 10% in March from same month a year earlier, while imports surged 14.1%, but most analysts say there is a problem with the data
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/T15I05/9A/h?a1=2013&a2=4&a3=10
Uniqlo picks Shanghai for biggest store
Japanese clothing chain says 'becoming number one in China means becoming number one in the world' as it unveils plans for 6,600 sq m outlet
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/NRV4HL/9A/h?a1=2013&a2=4&a3=10
Financial Times - US homepage
KPMG leak recipient identified
Why Scott London crossed the line into insider trading seems to be something that the father of two with an active civic life is still grappling over
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/DXLOJN/9A/h?a1=2013&a2=4&a3=10
Obama challenges Republicans on budget
The president's plan – worth $3.8tn in spending for the 2014 fiscal year – attempts to draw Republicans into a compromise to avoid a US debt default
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/VTWQVM/9A/h?a1=2013&a2=4&a3=10
Welfare cuts widen UK prosperity gap
Radical reform will take £19bn a year out of working-age social security between now and 2015, finds research for FT
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/52J1K5/9A/h?a1=2013&a2=4&a3=10
Cyprus to dive into its gold reserves
First such sale by country seeking international assistance since Asian financial crisis, when Sth Korea asked public to donate jewellery to central bank
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/1OEN59/9A/h?a1=2013&a2=4&a3=10
US immigration reform nears tipping point
With a bipartisan group of senators set to unveil their bill, advocates say it now looks inevitable that the immigration system will be overhauled
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/B4U89I/9A/h?a1=2013&a2=4&a3=10
Financial Times - UK Homepage
Post Office to offer current accounts
Move will greatly expand high street landmark's presence in financial services, on top of being a trusted savings provider, with holdings of £17bn
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/4VSUXF/9A/h?a1=2013&a2=4&a3=10
M&S chief under fire over sales
Several of the retailer's biggest investors are seeking greater clarity on the chief's strategy to address concerns over trading in the clothing unit
http://link.ft.com/r/M2ZOXX/3CXQ71/GKB29U/C42ERL/YGDJZA/9A/h?a1=2013&a2=4&a3=10
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