In today's FT: Ex-KPMG partner given Rolex for tips, US warns on N ...


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Financial Times
In today's FT
Friday April 12 2013

Financial Times - UK Homepage
 
Ex-KPMG partner given Rolex for tips
US attorney's office in Los Angeles filed a criminal complaint charging London with one count of conspiracy to commit securities fraud
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/B4UOCA/ID/h?a1=2013&a2=4&a3=11
 
US warns on N Korea nuclear missile
First time a US intelligence agency has concluded Pyongyang has small enough nuclear device, but DIA insists reliability will be low
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/DXLCA5/ID/h?a1=2013&a2=4&a3=11
 
'Free' apps probed over charging children
A UK consumer watchdog has promised to crack down on 'freemium' video games that encourage youngsters to spend money on virtual goods
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/PNADID/ID/h?a1=2013&a2=4&a3=11
 

Financial Times - US homepage
 
Lisbon struggles to avoid second bailout
Portugal and Ireland expected to be given more time to repay rescue funds, but will have to raise a lot more money to re-enter debt markets
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/GYBAMF/ID/h?a1=2013&a2=4&a3=11
 
Google helps users plan digital afterlife
Product launch is the most high-profile address of people's concerns about what will happen to their digital content following their death
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/1OEPL4/ID/h?a1=2013&a2=4&a3=11
 
Greifeld bonus cut over botched Facebook IPO
Some of Wall Street's biggest brokers claimed they suffered about a total of $500m in losses due to glitches during networking site's debut
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/Z8YNPQ/ID/h?a1=2013&a2=4&a3=11
 

Financial Times - Europe homepage
 
BoJ to pursue inflation target 'flexibly'
Bank of Japan governor Haruhiko Kuroda says Bank of Japan would consider adjusting easing policy if it led to unwanted side-effects
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/HIGZ5U/ID/h?a1=2013&a2=4&a3=11
 
Woodside to rethink $45bn Browse
Australian oil and gas group rethinks LNG project after finding that cost escalation meant the current plan would not deliver the required commercial returns
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/B4UOV9/ID/h?a1=2013&a2=4&a3=11
 
Russia slashes 2013 growth forecast
Signs of sputtering growth add pressure on Russia's central bank to loosen monetary policy and focus on growth instead of inflation
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/52JTGV/ID/h?a1=2013&a2=4&a3=11
 

Financial Times - Asia homepage
 
Myanmar opens hydrocarbons auction
Latest effort to attract foreign investment comes amid signs the government will review existing resources contracts to win place on transparency group
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/LS04KQ/ID/h?a1=2013&a2=4&a3=11
 
Kuroda's bazooka crimps South Korean stocks
Tensions with North Korea and the impact of Japan's monetary easing combine to undermine Seoul's Kospi, Asia's worst performing index
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/JQ6M4X/ID/h?a1=2013&a2=4&a3=11
 
China's forex reserves reach $3.4tn
The country is facing heavy capital inflows in a sharp reversal from last year, raising concerns about levels of debt in the economy
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/FDH27J/ID/h?a1=2013&a2=4&a3=11
 

World News - latest world news headlines - FT.com
 
Kerry trip sets tone for N Korea response
The US secretary of state, during his first trip to Asia since taking office, is expected to ask China to put more pressure on its bellicose ally
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/GYBAMJ/ID/h?a1=2013&a2=4&a3=11
 
Maduro campaigns in shadow of Chávez
Presidential candidate aims to imitate the former Venezuelan leader's unique style, although he struggles to emulate Chávez's folkloric charisma
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/52JTGA/ID/h?a1=2013&a2=4&a3=11
 
Egypt overestimating wheat crop, US warns
Unrealistic harvest projections could threaten supplies of subsidised bread, sparking social unrest and posing severe test to President Mohamed Morsi
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/OF2KIU/ID/h?a1=2013&a2=4&a3=11
 
Spain seeks to burnish its battered brand
In an effort to show it is not all recession and siestas, Madrid is taking steps to restore Spain's reputation as a place to do business
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/EKTVZK/ID/h?a1=2013&a2=4&a3=11
 
Mandela children launch legal claim
Former South African president's daughters, Makaziwe and Zenani Dlamini, bring legal action to remove their father's allies from Mandela companies
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/K9O5XG/ID/h?a1=2013&a2=4&a3=11
 

Companies news and analysis - FT.com
 
JC Penney seeks Blackstone advice on cash
Weak state of retailer's business – its sales tumbled 25% to $13bn in the past year – is likely to limit bargaining power with potential investors
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/K9O5XR/ID/h?a1=2013&a2=4&a3=11
 
Israeli tycoon sues former UK minister
Battle for one of Africa's richest untapped mineral deposits has reached into the heart of the global elite with Steinmetz legal action
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/87NGOR/ID/h?a1=2013&a2=4&a3=11
 
MetroPCS investors support revised offer
Two hedge funds that had opposed Deutsche Telekom's deal to reverse merge its T-Mobile USA unit with MetroPCS said they would back the sweetened terms
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/GYBA78/ID/h?a1=2013&a2=4&a3=11
 
Investor assault on BP pay awards
Standard Life Investments charges that executives 'have potential to receive significant rewards for unchallenging performance targets
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/YGDFPC/ID/h?a1=2013&a2=4&a3=11
 
Prices blow an ill wind for turbines
Profit margins of wind turbines manufacturers are hit as prices for engines have fallen by a third in the past four years despite soaring demand
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/B4UOC0/ID/h?a1=2013&a2=4&a3=11
 

Markets
 
Wall Street record underpins sentiment
Most major markets advance as the prospect of continued support from central banks keeps the latest burst of equity bullishness intact
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/T15QSJ/ID/h?a1=2013&a2=4&a3=11
 
Speculators aim to milk Fannie and Freddie
Both common and preferred stock of the US mortgage finance groups has jumped higher on political and legal hopes that it could become a cash cow
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/FDH27U/ID/h?a1=2013&a2=4&a3=11
 
US gas glut hits annual coal contracts
The closely watched annual thermal coal settlement between London-listed miner Xstrata and Japanese utilities falls 17% to $95 a tonne
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/NRVXD5/ID/h?a1=2013&a2=4&a3=11
 
IMF warns Europe over naked CDS ban
Outlawing of speculative bets on countries' creditworthiness could affect liquidity of financial markets and push up the cost of raising debt
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/K9O5XH/ID/h?a1=2013&a2=4&a3=11
 
Microsoft drop slows Wall St progress
Microsoft shares are hit badly after a report that the PC market shrank nearly 14% in first quarter, damping the mood in broader markets
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/B4UOCZ/ID/h?a1=2013&a2=4&a3=11
 

Financial Times - Comment
 
Europe, sterling and Thatcher's handbag
The troubled relationship with the EU wrote the Iron Lady's political obituary – and the fact that power had turned her head, writes Philip Stephens
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/UL49JQ/ID/h?a1=2013&a2=4&a3=11
 
Britain should not go back to the future
Thatcher's economic legacy is a huge financial centre, weak manufacturing, rising inequality and low investment, writes Martin Wolf
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/XBKRND/ID/h?a1=2013&a2=4&a3=11
 
Heir exposes hollow at heart of Chavismo
Venezuela's acting president Nicolás Maduro is trying really, really hard to be Chávez – and it is not working, writes Daniel Lansberg-Rodríguez
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/87NGO5/ID/h?a1=2013&a2=4&a3=11
 
Tackling graft should be China's priority
To transform so corrupt a system from top to bottom would make cleansing the Augean stables simplicity itself, writes Roderick MacFarquhar
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/JQ6M4Z/ID/h?a1=2013&a2=4&a3=11
 
The day old-style conservatism died
You have to be pretty old to remember when the American rightwing had the gravitas of the Thatcher-Reagan years, writes Gary Silverman
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/1OEP11/ID/h?a1=2013&a2=4&a3=11
 

Financial Times - Management
 
Lights, cameras . . . nappies
Meryl Salzinger's skill at coaxing kids to perform on set is in demand as advertisers tap into their emotional appeal, writes Emma Jacobs
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/52JTB3/ID/h?a1=2013&a2=4&a3=11
 
Samsung takes aim at the mini market
Chris Nuttall reviews the Korean group's latest tablet taht aims to rival to the iPad Mini, and the new HP printer taking office speed into the home
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/7ZFB81/ID/h?a1=2013&a2=4&a3=11
 
The small car as an object of desire
Renault has hired a product designer to create its latest supermini concept car in an effort to woo younger consumers, writes Edwin Heathcote
http://link.ft.com/r/LVA6WW/065QFS/RN7YTC/YBPAYH/NRVXYC/ID/h?a1=2013&a2=4&a3=11
 
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