In today's FT: HBOS chiefs to be slated for failure, EU data watchd...


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Financial Times
In today's FT
Wednesday April 03 2013

Financial Times - UK Homepage
 
HBOS chiefs to be slated for failure
Parliamentary Commission on Banking Standards will present case study of a failed bank with poor governance and weak credit risk controls
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/UL4CTX/QR/h?a1=2013&a2=4&a3=2
 
EU data watchdogs take aim at Google
Authorities from UK, Germany, France, Italy, Spain, and Netherlands will for first time take co-ordinated and formal procedures against single company
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/GYBNIA/QR/h?a1=2013&a2=4&a3=2
 
Cyprus leader invites family firm probe
Nicos Anastasiades has urged judges investigating the country's banking disaster to examine last-minute transfers of money from Laiki bank before its collapse
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/52JKAG/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - US homepage
 
Apple bends to the will of Beijing
The iPhone maker has found out the hard way that it must toe the line with Chinese authorities after weeks of attacks by state-controlled media
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/CW1SKS/QR/h?a1=2013&a2=4&a3=2
 
Companies allowed to tweet #USearnings
The decision could prompt a sea change in how companies communicate with investors in wake of ruling on Netflix boss's use of Facebook page
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/6ARD77/QR/h?a1=2013&a2=4&a3=2
 
Putin decree targets elite's foreign assets
Top-level bureaucrats and politicians have their hand forced after stalling legislation that would compel them to close offshore accounts
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/EKTRYN/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Europe homepage
 
Paris ex-minister admits to secret Swiss account
Cahuzac, who had denied any wrongdoing, confessed to investigating judges and said he had been 'caught in a spiral of lies'
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/YGDZ6H/QR/h?a1=2013&a2=4&a3=2
 
Ambani brothers strike telecoms deal
Agreement is first evidence of a business rapprochement between the two men after one of Asia's most high-profile corporate feuds
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/SUMOL7/QR/h?a1=2013&a2=4&a3=2
 
Eurozone joblessness stays at record high
Unemployment data for the eurozone show 1.78m more people are out of work than a year ago, adding to pressure on the ECB to cut rates
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/6ARDZ0/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Asia homepage
 
BP puts US wind power units up for sale
Oil major, which is one of the largest wind generators in the US, continues to withdraw from renewable energy and to focus on core oil and gas operations
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/HIG3E4/QR/h?a1=2013&a2=4&a3=2
 
Bakrie sets sights on Indonesia's top job
Aburizal Bakrie, the tycoon-turned-politician, makes the case to the FT that he is the man to propel Indonesia's thriving economy to the next level
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/XBKA84/QR/h?a1=2013&a2=4&a3=2
 
Fannie Mae swings to $17.2bn profit
Return to profitability improves the chances that US taxpayers will recover most of their money from bailed out financial institutions
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/MJCTFL/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - World
 
Cyprus finance minister quits after talks
Michalis Sarris resigned on Tuesday after wrapping up negotiations on a €10bn bailout agreed with international lenders
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/87NIMH/QR/h?a1=2013&a2=4&a3=2
 
US proposes $100m for brain research
President says project could stimulate the economy and keep the US competitive in the race for innovation with other countries
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/Q3Z8UB/QR/h?a1=2013&a2=4&a3=2
 
North Korea to restart nuclear facilities
UN chief Ban Ki-moon says the stand-off has gone too far and called for calm amid what he called 'aggressive rhetoric and military posturing'
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/7ZFYM5/QR/h?a1=2013&a2=4&a3=2
 
Common touch eludes Israeli minister
A Facebook post by Yair Lapid evoking an imaginary middle-class everywoman has drawn widespread criticism for being out of touch
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/RP761A/QR/h?a1=2013&a2=4&a3=2
 
UN backs global arms trade treaty
Treaty seeks to regulate the $70bn annual exports of conventional weapons, ranging from small arms to tanks and missiles
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/7ZFYMW/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Companies
 
Verizon denies any interest in Vodafone
Speculation spurred rise in Vodafone share price but denial bars any bid for at least six months
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/20Q4CJ/QR/h?a1=2013&a2=4&a3=2
 
RSA bonuses risk stoking investor anger
Insurer, whose shares dropped 14 per cent after it cut its dividend by a third in February, disclosed the executive pay details in its annual report
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/DXLJDR/QR/h?a1=2013&a2=4&a3=2
 
Exxon floats offshore LNG plan
Oil major submits proposal to build world's largest facility of its kind in order to exploit remote gasfield off coast of Western Australia
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/JQ6U95/QR/h?a1=2013&a2=4&a3=2
 
Seinfeld turns 'nothing' into rerun gold
Sitcom's latest syndication round underscores the value that remains in the broadcast TV industry, having generated $3.1bn since ending production
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/CW1SXO/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Financial markets news
 
Japanese market outshines Asian peers
Asian shares mostly lower but Nikkei gains on monetary stimulus hopes as Bank of Japan policy meeting kicks off
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/YGDZ60/QR/h?a1=2013&a2=4&a3=2
 
City study slams EU transaction tax
City of London report says the tax could seriously increase the cost of borrowing for the bloc's member governments
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/7ZFY70/QR/h?a1=2013&a2=4&a3=2
 
Age counts more than sex for risk aversion
Research from the Bundesbank suggests gender is a poor predictor of readiness to invest in risky assets but notes that risk propensity falls with age
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/UL4CHL/QR/h?a1=2013&a2=4&a3=2
 
Yield-hungry investors dig into Asia
Demand for income-linked equities such as commercial, business and real estate investment trusts helps feed deal flow in the region
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/3C9WVN/QR/h?a1=2013&a2=4&a3=2
 
Thermal coal caught in Mexican stand-off
Australian coal miners, led by Xstrata, and Japanese utilities failed to agree annual supply contracts by the unofficial deadline of April 1
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/VTWVHY/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Comment
 
Why China's economy might topple
As the experience of Japan has shown, managing a shift from a high-growth model to a lower-growth model is very tricky, writes Martin Wolf
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/9M3E4J/QR/h?a1=2013&a2=4&a3=2
 
Calm in Korea is only a phone call away
The reassurance that Kim Jong-eun craves presents Barack Obama with an invaluable opportunity, writes Kishore Mahbubani
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/MJCTFU/QR/h?a1=2013&a2=4&a3=2
 
Bungled bailout heralds shift in attitudes
Effective regulation demands recognition that the normal fate of failed commercial institutions is to be wound up, writes John Kay
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/Q3Z8U0/QR/h?a1=2013&a2=4&a3=2
 
More Bam for our brain research buck
The new US neuroscience research plan rests on questionable assumptions, write Apostolos Georgopoulos and Margaret Mahan
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/HIG3QK/QR/h?a1=2013&a2=4&a3=2
 
Welfare state can be cheaper and popular
The risk for the coalition is that it will press down on benefits spending in one area, just to see it popping up elsewhere, writes Graeme Cooke
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/GYBNIC/QR/h?a1=2013&a2=4&a3=2
 

Financial Times - Management
 
Here come the groom and the groom
The increasing numbers of same-sex couples tying the knot are encouraging start-ups that are looking for a new niche, writes Emma Jacobs
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/T150TL/QR/h?a1=2013&a2=4&a3=2
 
Younger siblings are born to build
Later-born children often possess a flexibility that helps them create a start-up, writes Luke Johnson
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/DXLJDW/QR/h?a1=2013&a2=4&a3=2
 
Serviced apartments
Facilities offer the informality and privacy of home life but free guests from having to think about the practicalities, writes Rhymer Rigby
http://link.ft.com/r/FG6LAA/VTVNZY/UU4QGA/QNEE1O/MJCTRK/QR/h?a1=2013&a2=4&a3=2
 
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