Europe Morning Headlines: Apple accused of avoiding billions in taxes, Qatar s...


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Financial Times
Europe morning headlines
Tuesday May 21 2013


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Financial Times - Europe 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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/3CJP2V/KI/h?a1=2013&a2=5&a3=21
 
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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/A51G48/KI/h?a1=2013&a2=5&a3=21
 
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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/DXHOKU/KI/h?a1=2013&a2=5&a3=21
 
SoftBank grants Sprint disclosure waiver
Japanese group agrees to waiver allowing mobile phone carrier to disclose non-public information to rival bidder Dish
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/SU4YLT/KI/h?a1=2013&a2=5&a3=21
 
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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/87PH5W/KI/h?a1=2013&a2=5&a3=21
 

Markets
 
Asian shares retreat from five-year high
Trading was cautious as investors waited for Bank of Japan policy meeting and minutes from the Reserve Bank of Australia
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/LSVMJ2/KI/h?a1=2013&a2=5&a3=21
 
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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/LSVMJG/KI/h?a1=2013&a2=5&a3=21
 
FTSE 100 hits highest in 12 years
The FTSE 100 rose 0.5% or 32.57 points at 6,755.63, its highest level since September 2000, with utilities underpinning the advance
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/A51G4V/KI/h?a1=2013&a2=5&a3=21
 

World News - latest world news headlines - FT.com
 
Obama and Xi plan talks to calm rivalry
The leaders will meet for two days at a luxury California ranch for private talks aimed at trying to establish common ground after an awkward period
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/FDGCYH/KI/h?a1=2013&a2=5&a3=21
 
Ugandan newspaper raided over plot claim
Swoop by police brings complaints of threat to free press from President Yoweri Museveni, who came to power 27 years ago embracing democracy
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/20S3V6/KI/h?a1=2013&a2=5&a3=21
 
Italy faces pressure over Roma 'ghettos'
Campaign group accuses Italians of trying to cut gypsies off from society. Country's highest appeal court has outlawed legal basis for camps
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/HI62QF/KI/h?a1=2013&a2=5&a3=21
 
China steps up Caribbean strategy
Policy makers welcome Beijing's interest, but the islands' economic attractions are dubious and could raise questions over China's political intentions
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/ULXETJ/KI/h?a1=2013&a2=5&a3=21
 
Todd met Huawei officials, inquest told
Deputy executive director of research at IME, a Singapore government research agency, testifies at a coroner's inquiry into the death of US engineer
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/87PH5K/KI/h?a1=2013&a2=5&a3=21
 

Europe News - latest Europe news headlines - FT.com
 
Treaty moves promise fraught debate
Changes to EU treaties are intended to shore up the eurozone with moves towards fiscal and political integration. But the process is set to prove divisive
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/Z8ER6R/KI/h?a1=2013&a2=5&a3=21
 
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/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/20S3C7/KI/h?a1=2013&a2=5&a3=21
 
Prime Minister's woes draw Major comparisons
The parallels are compelling, but not exact. Both prime ministers have suffered at the hands of a party intent focusing on Europe but in different ways
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/IEOA9E/KI/h?a1=2013&a2=5&a3=21
 
Space industry's hopes ride on 'Major Tim'
The first British astronaut for more than 20 years has been handed a mission to boost the sector and help rebalance the national economy
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/LSVMJZ/KI/h?a1=2013&a2=5&a3=21
 
Robin Hood tax: A long shot
European plans for a financial transaction levy are facing such fierce opposition that they are unlikely to survive without being watered down
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/IEOA9R/KI/h?a1=2013&a2=5&a3=21
 

European companies
 
Ryanair seeks more growth as profit soars
Europe's largest low-cost carrier says it will use a planned purchase of 175 Boeing passenger jets to expand in Germany, Scandinavia and central Europe
http://link.ft.com/r/M2ZOXX/XB5MNC/GKB29U/KQDQVQ/9MUB52/KI/h?a1=2013&a2=5&a3=21
 
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