In today's FT: Drive for NHS to share pain of savings, Luxembourg s...

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/IOCBMM/06EJJV/P54FKU/D4L0IN/   In today's FT Tuesday April 30 2013 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/IOCBMM/3CKTQB/YHDR05/626ZOB/3CSN1D/FW/h?a1=2013&a2=4&a3=29   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/IOCBMM/3CKTQB/YHDR05/626ZOB/GYG0AO/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/209FUQ/FW/h?a1=2013&a2=4&a3=29   Financial Times - US homepage   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/IOCBMM/3CKTQB/YHDR05/626ZOB/SU5KE7/FW/h?a1=2013&a2=4&a3=29   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/IOCBMM/3CKTQB/YHDR05/626ZOB/PNZ4D8/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/JQO2MH/FW/h?a1=2013&a2=4&a3=29   Financial Times - Europe homepage   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/IOCBMM/3CKTQB/YHDR05/626ZOB/NR2MXW/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/209FUO/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/Z8ISNV/FW/h?a1=2013&a2=4&a3=29   Financial Times - Asia homepage   Taiwan GDP growth falls to 1.5% Sluggish global demand – especially in key trade partners China and the US – is blamed as Taiwan reports below forecast growth for the first three months of 2013 http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/IE6V7S/FW/h?a1=2013&a2=4&a3=29   India alarm on US immigration plans grows India's biggest IT exporters tend to earn the majority of their revenues working for companies in the US, and possible visa restrictions pose a threat http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/LSCZ4E/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/SU5KEW/FW/h?a1=2013&a2=4&a3=29   World News - latest world news headlines - FT.com   Greece passes law to fire civil servants Greece has implemented an agreement with EU-IMF inspectors by passing a law that should see €2.8bn in overdue rescue funds flow to Athens http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/IE6V71/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/9MPT8M/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/1OQRP9/FW/h?a1=2013&a2=4&a3=29   Iraq bombs expose faultines Death toll for past seven days passes 200, marking worst week of violence since US troops pulled out, as Shia-Sunni tensions escalate http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/K90A5W/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/52RPTZ/FW/h?a1=2013&a2=4&a3=29   Companies news and analysis - FT.com   Santander springs surprise in Marin Javier Marin, the man now leading the lender, is such an unknown quantity that the bank felt it necessary to send a copy of his CV out with the news http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/9MPT8P/FW/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/IOCBMM/3CKTQB/YHDR05/626ZOB/209FU7/FW/h?a1=2013&a2=4&a3=29   TPG eyes break-up of telecom masts group Break-up option for France-based TDF highlights the difficulty faced by private equity firms in extricating themselves from expensive mega-buyouts http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/7ZN1BS/FW/h?a1=2013&a2=4&a3=29   KKR loans €320m to Spanish building group Private equity group completes its largest rescue financing with deal that shows how buyout firms are expanding into new areas when banks face curbs http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/XBDQJ1/FW/h?a1=2013&a2=4&a3=29   Huawei looks to dial a different number The Chinese telecoms equipment seller's about-turn on the US market raises questions over how much further its rapid global rise can go http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/K90A5E/FW/h?a1=2013&a2=4&a3=29   Markets   Asian shares extend gains on US data Risk appetite increases ahead of central bank meetings, while investors are also encouraged by rising US home sales and consumer spending http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/YGY9FA/FW/h?a1=2013&a2=4&a3=29   Slovenian tale need not echo Cyprus script The Alpine state can still tap financial markets and although a bailout may be needed, there is little risk of problems causing further market turmoil http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/7ZN1B1/FW/h?a1=2013&a2=4&a3=29   S&P 500 closes at fresh all-time high Nine of 10 sectors on the benchmark S&P 500 index trade higher, led by shares in Moody's, which settled a pair of lawsuits late last week http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/FDBOVM/FW/h?a1=2013&a2=4&a3=29   Italy will lead revolt against austerity Belt-tightening fatigue will lead to measures resulting in assets such as bonds, equities and privatised companies trading at more realistic valuations http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/CWLG0C/FW/h?a1=2013&a2=4&a3=29   Unseasonal wet weather boosts corn prices Wetter-than-expected weather during the key US planting season prompts worries about the new crop to be harvested later this year http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/209FUA/FW/h?a1=2013&a2=4&a3=29   Financial Times - Comment   Syria undermines Obama's strategy The president's policy is to pivot to Asia rather than frittering away resources in the bloody backwaters of the Middle East, writes Gideon Rachman http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/52RPTW/FW/h?a1=2013&a2=4&a3=29   China's 'peaceful rise' is not assured Modern wars are more often a product of tribalism combined with nationalism, reinforced by insecurities and arms races, writes John Plender http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/RPMXYJ/FW/h?a1=2013&a2=4&a3=29   Growth will not decide the next election A strong economy at the next UK election could relax voters into experimenting with a Labour party they do not really trust, writes Janan Ganesh http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/GYG0AN/FW/h?a1=2013&a2=4&a3=29   Not all European states can be Germany Replicating German labour reforms in other eurozone countries is not a magic potion and could be a dangerous poison, says Alexander Privitera http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/EKH6VO/FW/h?a1=2013&a2=4&a3=29   Austerity exposes threat from tax havens These centres are not merely gaps in the global financial system; they are the system, writes Jeffrey Sachs http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/NR2MXX/FW/h?a1=2013&a2=4&a3=29   Financial Times - Management   Michael Bloomberg's brand of giving After success in business and politics, can New York's mayor offer a new model of philanthropy as he donates much of his fortune, asks Andrew Jack http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/DXT8CK/FW/h?a1=2013&a2=4&a3=29   The fix for China's managerial shortage The main problem with executives gifted with global and local experience is that they are likely to be poached, writes Andrew Hill http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/YGY9FJ/FW/h?a1=2013&a2=4&a3=29   Maple Leaf's response to product crisis The Canadian food processor's management reacted swiftly to a serious food contamination incident, laying the foundations for a turnround, says Morgen Witzel http://link.ft.com/r/IOCBMM/3CKTQB/YHDR05/626ZOB/CWLG0P/FW/h?a1=2013&a2=4&a3=29   Special Reports - FT.com Risk Management: People Innovation and the Economy Watches & Jewellery Combating Malaria Video Lex Imposing 'speed limits' on HFT High-frequency trading has been blamed for stoking market volatility and regulators have it in their sights. In a pre-emptive move, EBS, one of the two dominant foreign exchange trading platforms, is considering "speed limits" on electronic trading. Lex's Stuart Kirk and Nikki Tait discuss why the group is thinking about taking action early. 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. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..