Asia AM: KPMG resigns as Herbalife auditor, Swap traders’ mor...


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Financial Times
Asia AM
Wednesday April 10 2013

Financial Times - Asia homepage
 
KPMG resigns as Herbalife auditor
Accountant says confidential information about two clients was passed on to an alleged insider trader, as it condemns individual's 'rogue actions'
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/B4UBMZ/GX/h?a1=2013&a2=4&a3=9
 
Swap traders' morning fix under scrutiny
Regulators turn their attention to the ISDAfix process, where 16 banks provide the rates at which they would buy and sell a benchmark swap
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/MJC7S9/GX/h?a1=2013&a2=4&a3=9
 
Google favours 'in-house' search results
Alongside widely expected concessions on labelling own services, the US group will also need to offer solutions that give more prominence to rivals
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/PNA4R9/GX/h?a1=2013&a2=4&a3=9
 
N Korea urges foreigners to leave South
Pyongyang's warning for foreign companies and tourists to prepare to evacuate in case of war comes as tensions escalate on the peninsula
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/UL4YUS/GX/h?a1=2013&a2=4&a3=9
 
US equities overcome early caution
Chinese inflation data ease concerns about possible monetary tightening in world's second-biggest economy as attention turns to US earnings
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/DXL84O/GX/h?a1=2013&a2=4&a3=9
 
Fitch downgrades China's credit rating
Agency cuts currency rating to A+, citing underlying structural weaknesses in the economy, amid concerns it could need a bailout
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/Z8YSBP/GX/h?a1=2013&a2=4&a3=9
 
Silicon Valley lobby group draws critics
The new organisation marks the first major super-Pac to emerge from the tech industry, taking on immigration reform as its first issue
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/87NLA0/GX/h?a1=2013&a2=4&a3=9
 
Junk bonds benefit from lack of options
Borrowers with weak credit histories raise funds at lowest rates on record as interest rates across financial markets are pushed down
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/PNA4R7/GX/h?a1=2013&a2=4&a3=9
 
Euro states set to disclose tax details
Austria and Luxembourg say they will relax privacy rules in their financial sectors and join the move towards cracking down on tax evasion
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/UL4YUW/GX/h?a1=2013&a2=4&a3=9
 
Brussels opens MasterCard antitrust probe
Investigation will focus on fees for customers from outside the EU and possible restrictions on retailers seeking to reduce cross-border fees
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/DXL8W5/GX/h?a1=2013&a2=4&a3=9
 

Financial Times - US homepage
 
FBI asked to probe McConnell campaign leak
Tape of Mitch McConnell and his advisers includes discussions about how to use Ashley Judd's admissions in her autobiography about mental health problems
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/MJC79M/GX/h?a1=2013&a2=4&a3=9
 
US urges euro states to boost demand
US Treasury secretary Jack Lew says stronger members should encourage consumer demand, highlighting the contrasting US fiscal position
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/CW1G5G/GX/h?a1=2013&a2=4&a3=9
 
Ullman faces tough task at JC Penney
Mike Ullman's task is to stabilise a business that alienated shoppers and lost $4bn in the past year, setting off alarm bells over its ability to pay its bills and survive
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/Z8YSBN/GX/h?a1=2013&a2=4&a3=9
 

Financial Times - UK Homepage
 
Crosby seeks to give up knighthood
Former banker to forgo 30% of £580,000-a-year pension pot and says that he is stepping down from voluntary post as trustee of Cancer Research charity
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/WHXELY/GX/h?a1=2013&a2=4&a3=9
 
Cable warns of women director 'quotas'
Minister says report showing fall in percentage on boards raises 'real possibility' of action if voluntary approach does not achieve 25% target
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/52JPCL/GX/h?a1=2013&a2=4&a3=9
 
Thatcher risk to Cameron fragility
Many of the 97-strong Conservatives first elected to parliament in 2010 say they entered politics because of the late Tory leader
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/T15DPJ/GX/h?a1=2013&a2=4&a3=9
 
Global Insight: Weak economy adds to Hollande's headache
As the president grapples with the fallout from a political scandal, the Bank of France says the economy eked out 0.1% growth in the first quarter
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/YGD9BB/GX/h?a1=2013&a2=4&a3=9
 
'Unparalleled' Roman artefacts found in London
About 8,000 objects have been found at site in heart of City, which archaeologists from the Museum of London have dubbed 'the Pompeii of the north'
http://link.ft.com/r/NA70KK/K9LH3Q/KEOMFH/II4S02/DXL84G/GX/h?a1=2013&a2=4&a3=9
 
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