Asia AM: Yahoo buys start-up Tumblr for $1bn, Apple faces gri...

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/LVA6WW/PN7M7I/2RFOPI/NSVWP8/   Asia AM Monday May 20 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Financial Times - Asia homepage   Yahoo buys start-up Tumblr for $1bn Tumblr, launched in 2007, has married short-form blogging with social media sharing to create a service but, its growth rate has slowed this year http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/GY86CT/LE/h?a1=2013&a2=5&a3=19   Apple faces grilling over US tax rate Group's tax planning is likely to come under the microscope when Tim Cook, chief executive, faces Senate committee investigating shifting of profits to low-tax countries http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/52FNUX/LE/h?a1=2013&a2=5&a3=19   N Korea launches short-range missiles Launches come as Pyongyang condemns the US deployment of an aircraft carrier to take part in joint exercises with South Korean forces http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/B4LTGS/LE/h?a1=2013&a2=5&a3=19   US business seeks fast track trade deals Senators, congressmen and aides have been discussing a bill that would give 'fast track' status to trade pacts agreed by the White House http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/T1WXYA/LE/h?a1=2013&a2=5&a3=19   US banks' corporate loans spark risk fears Industry warns some lenders are dramatically cutting the terms and interest rates at which they offer business loans as they seek to boost profits http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/HI6OVS/LE/h?a1=2013&a2=5&a3=19   Low rates fail to spur M&A boom The lack of dealmaking in a historically low interest rate environment is a break from the past, when cheap capital fuelled waves of M&A http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/MJ2AMU/LE/h?a1=2013&a2=5&a3=19   China Railway plans bond auction The bonds are the first batch that China Railway is expected to issue as it forges ahead with a blueprint to lay about 30,000km of new tracks http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/T1WXYL/LE/h?a1=2013&a2=5&a3=19   White House faces 'intimidation' accusation With the administration facing another week of congressional hearings, the Republican party is focusing its ire on Eric Holder, the attorney-general http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/CWTH8R/LE/h?a1=2013&a2=5&a3=19   Cameron 'losing control' of Tory party With two years until the next election, the Tory party has reopened old divisions over Europe which helped destroy Margaret Thatcher and John Major http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/DXHB6D/LE/h?a1=2013&a2=5&a3=19   Berlin warns EU over solar tariffs stance Germany's vice-chancellor and economy minister put Berlin on a collision course with Brussels after warning against anti-dumping duties http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/CWTH84/LE/h?a1=2013&a2=5&a3=19   Financial Times - US homepage   Weiner eyes comeback as NYC mayor Politician sitting on more than $4m that can only be used in city poll, which analysts say is motivation to join race to replace Bloomberg http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/GY86CR/LE/h?a1=2013&a2=5&a3=19   Cameron feels Tory rage on gay marriage The gay marriage issue has galvanised party disquiet over Mr Cameron's leadership, with MPs accusing the PM of needlessly splitting the party http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/K9CVZ1/LE/h?a1=2013&a2=5&a3=19   Financial Times - UK Homepage   Worker insecurity at 20-year high Public sector employees are more worried about losing their jobs than those in the private sector, according to a government-funded study http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/XBYI9M/LE/h?a1=2013&a2=5&a3=19   China: More crooks than patriots While outsiders accuse Beijing of running a slick army of official hackers, a greater danger is posed by legions of online criminals that the state is ill-equipped to police http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/RP54KP/LE/h?a1=2013&a2=5&a3=19   Portugal's banks fear 'Cyprus virus' Heads of Millennium BCP and Banco Espírito Santo separately urge Europe's leaders to moderate their stance on the eurozone periphery http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/87PUTX/LE/h?a1=2013&a2=5&a3=19   King warns Osborne over mortgage scheme The Bank governor used a interview to say that Mr Osborne's Help To Buy scheme was "too close for comfort" to the US mortgage guarantee schemes http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/6AN319/LE/h?a1=2013&a2=5&a3=19   New era as Swiss bank secrecy declines After a long battle to safeguard its 80-year tradition of banking secrecy, Switzerland faces a new era as it begins negotiations on a new EU tax accord http://link.ft.com/r/LVA6WW/LSGUGU/YHDR05/R3JFFL/DXHB6Y/LE/h?a1=2013&a2=5&a3=19   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. 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