Asia AM: Apple accused of avoiding billions in taxes, Qatar s...
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Asia AM
Tuesday May 21 2013
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Financial Times - Asia homepage
Apple accused of avoiding billions in taxes
The Senate report said Apple's use of loopholes for international profits allowed it to save tax on $44bn in 'otherwise taxable offshore income'
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/FDG0WK/4O/h?a1=2013&a2=5&a3=20
Qatar snaps up stakes in key lenders
Emirate launches another push into banking sector by making fresh investments in Russia's VTB and Germany's Deutsche Bank
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/YGI9LL/4O/h?a1=2013&a2=5&a3=20
Yahoo vows not to 'screw up' Tumblr
Some users of the blogging site expressed dismay about the takeover and have started moving their blogs to rival platforms such as WordPress
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/T1WY3H/4O/h?a1=2013&a2=5&a3=20
US corn rush threatens prices
The pace of planting shows how technology has transformed farming from a small family business to an industry requiring huge capital investments
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/CWT8MK/4O/h?a1=2013&a2=5&a3=20
Investors vote in Dimon 'referendum'
Investors demanding more board oversight vowed to press on even after talking down the prospects of winning a vote to install an independent chairman
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/EKB65M/4O/h?a1=2013&a2=5&a3=20
US prosecutors weigh case for charging SAC
A criminal case against the hedge fund would likely mean it would no longer manage money for outside investors
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/4VRPOO/4O/h?a1=2013&a2=5&a3=20
Graceland put on the market
Core Media Group has begun approaching potential bidders from Asia, Europe and the US for Elvis Presley Enterprises and Muhammad Ali Enterprises
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/FDGO4Z/4O/h?a1=2013&a2=5&a3=20
Yield hunt drives up leveraged loans
Most US leveraged loans are trading above face value thanks to a bidding war between mutual funds and a new generation of structured finance vehicle
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/A51HAO/4O/h?a1=2013&a2=5&a3=20
Oil inquiry widens to trading houses
The European Commission has days sent requests for information to Swiss-based commodities traders Glencore, Vitol and Mercuria, and possibly others
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/6AN1CZ/4O/h?a1=2013&a2=5&a3=20
Backlash blamed for woes at Russia project
The future of Kremlin-sponsored technopark Skolkovo, which hosts the world's leading science and technology companies, is being questioned
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/NRA59R/4O/h?a1=2013&a2=5&a3=20
Financial Times - US homepage
Tornado rips through Oklahoma City suburb
The National Weather Service said the tornado had wind speeds up to 200mph and reached an EF-4 on the enhanced Fujita scale
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/EKB657/4O/h?a1=2013&a2=5&a3=20
Financial Times - UK Homepage
Cameron fights for unity on marriage vote
Several Conservatives, including Edward Leigh, a Tory backbencher, spoke out against the equal marriage bill on Monday during an impassioned debate
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/52FU0C/4O/h?a1=2013&a2=5&a3=20
Berlin plans partial EU treaty change
German strategy would thwart UK premier's plans to use eurozone reforms to renegotiate Britain's relationship with bloc and repatriate powers
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/RP5XR9/4O/h?a1=2013&a2=5&a3=20
Dublin fears UK opt-out from EU justice
Tackling criminality and dissident terrorism in the border area is at the heart of Irish concerns over UK moves to renegotiate its EU relationship
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/LSVZI4/4O/h?a1=2013&a2=5&a3=20
Gold and silver struggle in volatile trading
As well as being considered "poor man's gold" on the one hand, silver is used in electronics and solar panels by the energy industry, where demand has pulled back
http://link.ft.com/r/0QSDPP/LSGTMH/6VRT5E/XHUHBJ/9MUHAX/4O/h?a1=2013&a2=5&a3=20
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