In today's FT: Fed weighs tighter cap on bank leverage, Chinese man...

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/QM42II/LSC5FP/3FN0UA/C51OYF/   In today's FT Wednesday May 01 2013 Financial Times - UK Homepage   Fed weighs tighter cap on bank leverage The move is being considered amid scepticism of the Basel III accords, which allow banks to vary capital requirements depending on the riskiness of individual assets http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/YGYR23/28/h?a1=2013&a2=4&a3=30   Chinese manufacturing growth slows in April April data provided further evidence of weakness in the world's second-largest economy http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/7ZNHD2/28/h?a1=2013&a2=4&a3=30   Osborne warns BoE against curbing growth Chancellor's remit for FPC reflects concern that excessive focus on making bank system shockproof could create 'financial stability of a graveyard' http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/DXT09A/28/h?a1=2013&a2=4&a3=30   Financial Times - US homepage   Apple cleans up with $17bn US bond issue The maker of the iPhone, which has no debt, is seeking to take advantage of low interest rates to help fund its $100bn planned capital return http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/GYG2RV/28/h?a1=2013&a2=4&a3=30   New Mexico tax race stirs debate State governor SusanMultimedia Daily Plana Martinez is trying to attract and retain investment but critics say lower rates will hit working families while multinationals gain http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/Z8IFZM/28/h?a1=2013&a2=4&a3=30   Obama in new push to close Guantánamo The US president campaigned in 2008 on a promise to close the facility but the effort was abandoned after encountering stiff resistance among both parties in Congress http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/3CSU5U/28/h?a1=2013&a2=4&a3=30   Financial Times - Europe homepage   Japanese shoppers loosen purse strings Consumer spending grew in March at its fastest rate in nine years boosted by a weaker yen and improved confidence about the economy http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/3CSU45/28/h?a1=2013&a2=4&a3=30   UBS strategy shift bolsters profits Swiss banking group posts net profits of SFr988m, well ahead of analysts' forecasts, after move to focus on wealth management and cut back on risk http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/K90MUR/28/h?a1=2013&a2=4&a3=30   Yahoo pays Mayer $36m for six months Remuneration includes stock awards granted in 2012 that have not vested and comes as group makes effort to quell investor anger over excessive pay http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/3CSU53/28/h?a1=2013&a2=4&a3=30   Financial Times - Asia homepage   Elysée to auction 10th of wine cellar Wines no longer present in large enough numbers to serve at palace events will be sold off and proceeds reinvested in "more modest" vintages http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/DXT09P/28/h?a1=2013&a2=4&a3=30   Distress of Europe's anti-austerity left A collective howl of protest and despair will resound through Europe's streets and squares on Wednesday at the annual May 1 rallies http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/6AFTKD/28/h?a1=2013&a2=4&a3=30   BP faces 2,200 Deepwater lawsuits Profits beat expectations as high-margin areas help to offset lower production following impact of $38bn asset disposal programme http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/FDBVRI/28/h?a1=2013&a2=4&a3=30   World News - latest world news headlines - FT.com   Letta urges determination to spur growth Europe must show the same determination to promote growth as it does to maintain sound public finances, Italy's new prime minister said in Berlin http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/GYG2FX/28/h?a1=2013&a2=4&a3=30   Ireland agrees draft law allowing abortion Dublin has agreed the details of new legislation that would for the first time sanction abortion under restricted circumstances http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/IE6ZNK/28/h?a1=2013&a2=4&a3=30   Eurozone jobless rate up as inflation falls Expectations for an ECB interest rate cut grow after the eurozone unemployment rate edges up to 12.1% and the inflation rate slows sharply to 1.2% http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/FDBVJ5/28/h?a1=2013&a2=4&a3=30   Portugal unveils plan to extend austerity Lisbon is to squeeze spending well beyond the country's planned exit from the financial aid programme but says it will not extend tough tax rises http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/JQO7PP/28/h?a1=2013&a2=4&a3=30   Retailers pledge aid for factory victims Compensation pledged for garment workers killed or injured in last week's building collapse as rescuers abandon hope of finding more survivors http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/LSC5UA/28/h?a1=2013&a2=4&a3=30   Companies news and analysis - FT.com   Suspended trader in Apple order probe The New York hedge fund is co-operating fully with the investigation over an order to purchase Apple shares http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/T14EOV/28/h?a1=2013&a2=4&a3=30   UK regulator probes ENRC takeover Watchdog examines $175m deal for mining asset that had been expropriated by the Congolese government from First Quantum Minerals http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/7ZNHKF/28/h?a1=2013&a2=4&a3=30   Ford to open showroom in Myanmar Ford is in partnership with a local car dealer to pave way for more sales and service facilities, joining stream of US companies investing in Myanmar http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/3CSU4D/28/h?a1=2013&a2=4&a3=30   SoftBank defends $20bn Sprint Nextel bid Japanese mobile phone group rules out raising its takeover approach for the US operator and derides $25.5bn rival move of satellite TV business Dish http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/MJV41V/28/h?a1=2013&a2=4&a3=30   Dreamliner grounding hits carriers' profits Lost earnings at ANA and Japan Airlines underline the potentially significant scale of the compensation claims that manufacturer Boeing is braced for http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/WHKSCD/28/h?a1=2013&a2=4&a3=30   Markets   Global stocks hit fresh cyclical highs Risk appetite remains underpinned by central bank hopes, as weak US and eurozone economic data fuel hopes of continued policy accommodation http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/DXT09Z/28/h?a1=2013&a2=4&a3=30   Crowds line up for a bite of Apple's big bond iPhone maker's blockbuster US debt sale is perfectly timed to take advantage of ultra low interest rates and strong demand from investors eager to own top quality credit http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/6AFTXJ/28/h?a1=2013&a2=4&a3=30   Funds hit at planned European transactions tax Chief investment officers for some of the region's largest pension funds have warned over plans by 11 eurozone countries to cash and derivatives transactions tax http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/Q37DBY/28/h?a1=2013&a2=4&a3=30   BBVA issues $1.5bn perpetual bond Bumper coupon promised in order to attract yield-hungry investors to unusual structure http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/6AFTXB/28/h?a1=2013&a2=4&a3=30   ECB under pressure for more shock and awe An expected cut in interest rates on Thursday by the European Central Bank will not be enough to restart growth while bond markets remain quiescent http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/IE6ZN0/28/h?a1=2013&a2=4&a3=30   Financial Times - Comment   Why the Baltic states are no model What is possible for very small and open economies is close to impossible for large, relatively closed economies, writes Martin Wolf http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/Q37DB2/28/h?a1=2013&a2=4&a3=30   Fannie Mae is the wrong model for UK Plans to replicate an institution characterised by obsolescence and failure show an important lesson has not been learnt, writes John Kay http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/Z8IFZ6/28/h?a1=2013&a2=4&a3=30   Why Amazon is king of the political jungle Congress has taken heed of the company's concession that it is only right to correct a straightforward economic wrong, writes Jacob Weisberg http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/B416Q5/28/h?a1=2013&a2=4&a3=30   Professional sport enters 21st century The announcement by American basketball player Jason Collins that he is gay is a landmark that sporting authorities must act on, writes Simon Kuper http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/6AFTKA/28/h?a1=2013&a2=4&a3=30   Puffer-fish protests and Xi's China dream Until the link between corruption and development can be severed, no government official can safely savour his swordfish, writes Patti Waldmeir http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/EKHCJ9/28/h?a1=2013&a2=4&a3=30   Financial Times - Management   A mission to battle music piracy Chris Lin's business plan is to wean Asian music lovers off illegal downloads and persuade them to pay for the product, writes Sarah Mishkin http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/DXT0SI/28/h?a1=2013&a2=4&a3=30   Inferiority complexes can be useful A thirst to prove critics and rivals wrong can act as a powerful driver – determination is more important than qualifications, writes Luke Johnson http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/209P5Z/28/h?a1=2013&a2=4&a3=30   Is it a smart move to hire a tainted star? Parsons has hired John Galliano, whom Dior sacked after a drunken antisemitic rant, raising questions about how to weigh celebrity and skill with notoriety http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/WHKSCE/28/h?a1=2013&a2=4&a3=30   Apps for hotel deals Rhymer Rigby assesses the latest crop of offerings designed to help customers find hotel rooms that suit their needs and that are at the right price http://link.ft.com/r/QM42II/K9TYSV/YHDR05/R3STPP/FDBVRU/28/h?a1=2013&a2=4&a3=30   Special Reports - FT.com Risk Management: People Innovation and the Economy Watches & Jewellery Video Lex Deutsche or UBS - which bank would you choose? Shares in UBS and Deutsche Bank both climbed 8 per cent on Tuesday morning, but since 2010 the Swiss bank's shares have outperformed Deutsche by 30 per cent. Lex's Oliver Ralph and Stuart Kirk discuss whether Deutsche now offers a better opportunity than UBS. 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