Banks call on BoE to fight Tobin tax, Asian shares r...


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Financial Times
FT Trading Room
Monday May 06 2013

Financial Times - FT Trading Room
 
Banks call on BoE to fight Tobin tax
Sir Mervyn King's silence over the FTT contrasts with the staunch opposition taken both by other central bankers and by the UK government
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/WHDL6O/QR/h?a1=2013&a2=5&a3=6
 

Markets
 
Asian shares rise on US jobs data
Sentiment improves after figures showed US payrolls expanded by 165,000 last month, which was a faster-than-expected pace
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/A517KW/QR/h?a1=2013&a2=5&a3=6
 
Obama backs rise in US gas exports
The decision over new export terminals coincides with a White House rethink of energy policy, aimed to give it an elevated place in US diplomacy
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/4VR07Z/QR/h?a1=2013&a2=5&a3=6
 
Repsol aids Angola's pre-salt oil search
Spanish group gives Sonangol access to its advanced seismic imaging technology in a bid to help the country model the oil-rich Kwanza Basin
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/RP5NTB/QR/h?a1=2013&a2=5&a3=6
 
The smart money is on energy efficiency
The next five or ten years may well be devoted to a bid to improve energy efficiency, says a report guiding equity investors, John Authers says
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/20S6AC/QR/h?a1=2013&a2=5&a3=6
 
ExxonMobil kicks off Irish drilling campaign
Oil major and partners to begin work 150km off the coast of County Kerry to explore the Dunquin prospect, seen as one of the most exciting formations in Irish waters
http://link.ft.com/r/S4XZQQ/CWFSWT/XTKJOM/2OHX7M/6ANV55/QR/h?a1=2013&a2=5&a3=6
 
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Video
FT Trading Room
Europe's Tobin tax - a hit to savers?

Brussels' proposed financial transactions tax on equity and derivatives markets in eurozone countries is proving highly contentious. Jane Lowe, director of markets for the Investment Management Association, tells Trading Room editor Philip Stafford why her members, who represent UK-based institutions, are worried about a levy intended to affect eurozone states.


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