Asia AM: Luxembourg set to end bank secrecy, Deutsche Bank to...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/9ULF66/XBDQQR/XEQHJW/9Z3GXS/   Asia AM Tuesday April 30 2013 Financial Times - Asia homepage   Luxembourg set to end bank secrecy Finance minister says Grand Duchy is willing to expand accounts covered by new information-sharing deals with US and EU to include global companies http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/7ZN1H7/UP/h?a1=2013&a2=4&a3=29   Deutsche Bank to issue €2.8bn in shares Deutsche Bank is issuing shares to assuage concerns over capital strength after months of resisting calls to tap shareholders for fresh capital http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/OFA5X3/UP/h?a1=2013&a2=4&a3=29   Italy's premier Letta tears up €6bn in tax rises Laying out his programme to parliament, Mr Letta said Europe faced a "crisis of legitimacy" and had to change its focus on austerity http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/NR2M47/UP/h?a1=2013&a2=4&a3=29   Russia and Japan revive islands talks As the two countries are drawn closer by the growing power of China in the region, Abe and Putin pledge to discuss islands occupied by USSR in 1945 http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/K90A75/UP/h?a1=2013&a2=4&a3=29   US expects first cut in debt since 2007 The Treasury said it expects to repay a net $35bn in the second quarter, compared with a February estimate that it would have to borrow $103bn http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/YGY9J1/UP/h?a1=2013&a2=4&a3=29   Fed faces calls for radical reform A proposed commission would have instructions to look at more aggressive mandates to fight unemployment as well as more conservative regimes http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/CWLGOW/UP/h?a1=2013&a2=4&a3=29   Santander chief quits ahead of ruling Alfredo Sáenz steps down as Santander chief executive, allowing Bank of Spain to escape a decision on whether to ban him over a criminal conviction http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/1OQR38/UP/h?a1=2013&a2=4&a3=29   S&P 500 sets record close A big week for the markets started on a positive note as an end to Italy's political deadlock bolstered optimism about the prospects for the eurozone http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/K90AMQ/UP/h?a1=2013&a2=4&a3=29   France aims to reduce armed forces François Hollande's government will retain the country's nuclear deterrent but stresses the need for enhanced defence against cyber attacks http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/Z8ISRJ/UP/h?a1=2013&a2=4&a3=29   EU split over plans for bank resolution Rift threatens depth and pace of financial convergence in the eurozone http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/873LHB/UP/h?a1=2013&a2=4&a3=29   Financial Times - US homepage   Eurozone business sentiment falls further Depressed business morale could force ECB president to cut rates further in an attempt to boost lending to companies and reignite economic growth http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/1OQRN1/UP/h?a1=2013&a2=4&a3=29   Alibaba buys Weibo stake for $586m Ecommerce group takes 18% of microblogging site in a deal that values Chinese social network at more than $3bn http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/IE6VAW/UP/h?a1=2013&a2=4&a3=29   Hedge fund group sues over Cayman reforms Provider of hedge fund fiduciary services files a suit against the Cayman Islands Monetary Authority, which wants to make tax haven more transparent http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/T14DID/UP/h?a1=2013&a2=4&a3=29   Kodak to shift film arm to UK pensioners US courts' approval of groundbreaking deal to erase about $2.8bn of claims would prevent the scheme falling into Britain's Pension Protection Fund http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/HI8C27/UP/h?a1=2013&a2=4&a3=29   US electricity giant rejects privatisation plan The Tennessee Valley Authority, the government-owned power company, has criticised a suggestion by the Obama administration that it might need to be privatised. http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/6AFULL/UP/h?a1=2013&a2=4&a3=29   Financial Times - UK Homepage   Drive for NHS to share pain of savings The ministerial uprising reflects growing frustration that the 2015-16 round of cuts will fall disproportionately on "unprotected" areas of spending http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/RPMXD9/UP/h?a1=2013&a2=4&a3=29   Call for higher pay at Bank of England Higher salaries are needed to reflect an increased workload and to boost their prestige, according to BoE officials involved in a governance reorganisation http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/4VJ3U6/UP/h?a1=2013&a2=4&a3=29   Sainsbury prepares for CEO's succession Chief executive has run UK's third biggest supermarket group by market share for 10 years and commercial director Mike Coupe is frontrunner to succeed http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/RPMXD4/UP/h?a1=2013&a2=4&a3=29   UAE set to boost green energy Gulf state's renewable energy company will be able to invest up to £1bn alongside the Green Investment Bank in future projects under planned agreement http://link.ft.com/r/9ULF66/20XLYZ/NSVWP8/VLNHNC/CWLGOM/UP/h?a1=2013&a2=4&a3=29   Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. 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