Europe Morning Headlines: Bernanke says bond buying could slow, China factory ...
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Europe morning headlines
Thursday May 23 2013
Financial Times - Europe homepage
Bernanke says bond buying could slow
The Fed chairman said it might consider taming asset purchases soon if officials became convinced that the economic recovery was on a steady upward path
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/7Z363O/XL/h?a1=2013&a2=5&a3=23
China factory output hits seven-month low
Factory activity shrank for the first time in seven months as new orders fell, the May HSBC PMI showed, raising concerns of a feeble recovery
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/MJ2DAR/XL/h?a1=2013&a2=5&a3=23
Soldier killed on London street
Scotland Yard says two men, both carrying weapons, were shot by police and taken to hospital. Video footage showed one of the men with bloodied hands
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/VTKFK9/XL/h?a1=2013&a2=5&a3=23
IMF studies bond restructuring reform
First high-level attempt to address the issue since efforts to create a sovereign debt mechanism failed a decade ago
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/6AN8NB/XL/h?a1=2013&a2=5&a3=23
Rating agencies under fire again
Growing number of investors say agencies such as S&P, Moody's and Fitch have not kept up with improving fundamentals in US housing market
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/9MU0U2/XL/h?a1=2013&a2=5&a3=23
Markets
Japan shares fall sharply in broad sell-off
Sentiment hit after Fed chairman said the $85bn-a-month asset purchase programme could start to wind down
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/20STJ2/XL/h?a1=2013&a2=5&a3=23
Lenders to CLOs told to take lower rates
Equity owners of highly-leveraged investment vehicles, called collateralised loan obligations (CLOs), are asserting themselves at the expense of lenders
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/4VRBRL/XL/h?a1=2013&a2=5&a3=23
US stocks step back from intraday highs
The S&P 500 lost 0.8 per cent to 1,655.35, with stocks sustaining heavy losses after initially rising as much as 1.1 per cent
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/3CJHRM/XL/h?a1=2013&a2=5&a3=23
Dollar rises on Fed bond-buying comments
Analysts say a dovish statement from Ben Bernanke, Fed chairman, could cause a further pullback in the US dollar, which has strengthened recently
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/NRAYZR/XL/h?a1=2013&a2=5&a3=23
Copper rises to six-week high
Continued outage at Freeport's Grasberg mine in Indonesia heightens supply worries
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/K9CXVI/XL/h?a1=2013&a2=5&a3=23
World News - latest world news headlines - FT.com
Apple unlikely to change without tax reform
The company's defence rests on a simple premise – that its actions stem from an outdated US corporate code – and many Republican senators agree
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/Q3MQ5L/XL/h?a1=2013&a2=5&a3=23
White House admits to strikes on US citizens
The deaths of the Americans have become one of the most politically sensitive aspects of the widespread use of drones under Mr Obama to kill suspected terror leaders
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/ULXRXR/XL/h?a1=2013&a2=5&a3=23
Egyptian security force staff freed
Mohamed Morsi, Egypt's Islamist president, greeted the men at a military airport in Cairo and vowed to continue a crackdown in the troubled Sinai
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/XBY3YU/XL/h?a1=2013&a2=5&a3=23
Eurozone seeks 'Tobin tax' incentives
Officials look to ease collection of the levy, using market infrastructure, and make it more difficult to sidestep the bloc's taxman
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/20STJZ/XL/h?a1=2013&a2=5&a3=23
Europe News - latest Europe news headlines - FT.com
Vatican watchdog reports suspect transactions
Vatican's finance watchdog says it monitored several suspect money transactions in 2012 and will move to comply with international standards
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/SU4SW3/XL/h?a1=2013&a2=5&a3=23
Lagarde to face court over €400m pay-off
Judges probe IMF chief's role in 2008 arbitration process that settled a long-running legal dispute involving colourful multimillionaire
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/OFZI7R/XL/h?a1=2013&a2=5&a3=23
European companies
Credit Suisse sued over sale of oil group
Suit filed by companies owned by Georgian businessman alleges that the bank failed to seek out best price on sale of Caspian Energy
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/Z8EUEP/XL/h?a1=2013&a2=5&a3=23
No one left behind
To get more people with an autism condition into gainful employment, at market wages, is a true economic and social contribution
http://link.ft.com/r/EB8122/RPV4GV/40S17Y/MSI3JT/EKBZGY/XL/h?a1=2013&a2=5&a3=23
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