Asia AM: Portugal faces fresh cuts to spending, Seoul on aler...


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Financial Times
Asia AM
Monday April 08 2013

Financial Times - Asia homepage
 
Portugal faces fresh cuts to spending
Passos Coelho makes televised address after country's constitutional court rejected austerity measures seen as essential to meet deficit targets
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/20QETH/VU/h?a1=2013&a2=4&a3=7
 
Seoul on alert over North Korea threat
Pyongyang declares 'state of war' with the South, has blocked access to Kaesong and threatened a nuclear attack on America
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/MJC0D4/VU/h?a1=2013&a2=4&a3=7
 
Afghan attacks kill US diplomat and soldiers
Car bomb blast kills three American soldiers and a diplomat in Zabul while a civilian working with the US government died in a separate incident
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/RP7Z9D/VU/h?a1=2013&a2=4&a3=7
 
Lagarde welcomes Japan's big stimulus
IMF managing director Christine Lagarde says the huge monetary stimulus plan unveiled by Tokyo last week will help to boost global growth
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/6ARJ8U/VU/h?a1=2013&a2=4&a3=7
 
Calpers to battle zombie boards
The $255bn pension fund has identified 52 directors who have failed to win shareholder votes but either stayed in place or have been reinstated
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/6ARJ8B/VU/h?a1=2013&a2=4&a3=7
 
Central banks move into riskier assets
Near-zero interest rates and large-scale money printing cut returns on US government debt and the bonds of safer eurozone sovereigns to record lows
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/DXL1AC/VU/h?a1=2013&a2=4&a3=7
 
Chinese thirst for formula spurs rationing
Rampant Chinese demand for foreign-made baby milk has forced UK and Australia grocers to limit sales to two tins of infant milk formula at a time
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/RP7Z9J/VU/h?a1=2013&a2=4&a3=7
 
Cyprus reaches end of a long and sleazy road
The collapse of the Cypriot economy is not the result of a random lurch or shift in axis. It is the end of a path traced in a long, complacent arc of ease and sleaze
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/JQ68WA/VU/h?a1=2013&a2=4&a3=7
 
Nervous Europe drives demand for dollars
Surge in demand for US cash suggests world is worried about safety of its banks and future of the euro, but has no fear of inflation in US
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/OF2VII/VU/h?a1=2013&a2=4&a3=7
 
Copper price set to fall amid high output
Investors are betting on a price collapse of a metal that is key to the profitability of mining groups as output rises at the fastest rate in decade
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/1OEILJ/VU/h?a1=2013&a2=4&a3=7
 

Financial Times - US homepage
 
Biggest US rails to invest $450m in crude
Union Pacific and BNSF say investment is justified because oil traffic is likely to remain high in the long term on the back of the shale oil boom
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/UL45RJ/VU/h?a1=2013&a2=4&a3=7
 

Financial Times - UK Homepage
 
'Zero hours' contracts numbers leap
White collar professionals are being put on contracts where they can be given no hours and therefore no pay – once the preserve of unskilled workers
http://link.ft.com/r/8P1R88/Q36T6T/26QPAK/MSDS3R/PNA2ES/VU/h?a1=2013&a2=4&a3=7
 
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