Europe Morning Headlines: ECB ‘ready’ for more action after rate cut, SAC Capi...

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/A1TNOO/EKH7J0/7CSH0N/PRAK1O/   Europe morning headlines Friday May 03 2013 Dear FT reader, You previously indicated a wish to receive the Europe morning headlines daily email briefing. The briefing is now available and you will start to receive it on a daily basis. Should you no longer wish to receive this briefing, please unsubscribe below. Financial Times - Europe homepage   ECB 'ready' for more action after rate cut A stream of bad data increased the pressure to act but opposition from a German representative in the bank's inner sanctum highlighted the constraints to further action http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/52R8PH/7V/h?a1=2013&a2=5&a3=3   SAC Capital threatens to claw back bonuses Letter from Steven Cohen, revered as one of the most successful hedge fund managers, comes ahead of deadline for clients to request their money back http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/209HNN/7V/h?a1=2013&a2=5&a3=3   Japan set for Turkish nuclear deal With Abe due to sign an agreement with Erdogan, a deal to build the nuclear plant in Sinop would be economically and symbolically significant for Tokyo http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/VTXNE1/7V/h?a1=2013&a2=5&a3=3   Trio emerge as frontrunners for Shell role Marvin Odum, who heads Shell's exploration and production division in the Americas; Andy Brown, who runs all other upstream operations; and Simon Henry, the group's chief financial officer, seen as likely successors http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/MJVYMO/7V/h?a1=2013&a2=5&a3=3   Intel names 30-year veteran as new chief Krzanich is steeped in Intel's core manufacturing operations, having joined in 1982 as an engineer and rising to manage one of its 'fabs' http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/SU5JDG/7V/h?a1=2013&a2=5&a3=3   Markets   ECB lowers rates and stands 'ready' to do more Euro weakens as markets digest the possibility of negative eurozone interest rates, while the S&P 500 hits fresh record ahead of US jobs report http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/NR2IMD/7V/h?a1=2013&a2=5&a3=3   Hedge funds find salvation in Abenomics The soaring Nikkei and plummeting yen, spurred by policies in Japan, have led to big returns http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/6AF61K/7V/h?a1=2013&a2=5&a3=3   Pressure to clip Fannie and Freddie's wings Fears that commercial mortgage trading by government-controlled finance giants is distorting the US housing market http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/YGYUSN/7V/h?a1=2013&a2=5&a3=3   Gulf needs more hospitals than Hummers Kuwait is wise to invest more in real estate and infrastructure projects, while much of the region is living on borrowed time http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/PNZQ4E/7V/h?a1=2013&a2=5&a3=3   Glencore hits rich seam on last day Banks involved in Xstrata takeover push stock to clients for final time in its old form, while BG Group provides 6 points of FTSE's advance http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/LSCDZI/7V/h?a1=2013&a2=5&a3=3   World News - latest world news headlines - FT.com   Obama picks Pritzker for commerce post The US president also tapped Michael Froman, his top international economic adviser, to be US trade representative http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/WHK3Q6/7V/h?a1=2013&a2=5&a3=3   Draghi urges faith in austerity measures The ECB president said euro area countries had succeeded in cutting deficits in the past two years but average debt had risen to 90.6 per cent in 2012 http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/6AF61Q/7V/h?a1=2013&a2=5&a3=3   Syria rebels see funders run short of cash Financing from networks of well-off individuals is starting to cease as the Syrian conflict escalates, driving smaller groups into shortlived alliances http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/RPMSXS/7V/h?a1=2013&a2=5&a3=3   Sentiment turns against Golden Dawn rhetoric Police were asked to clear the square on grounds that the neo-Nazi party had not sought permission and that the distribution amounted to an act of racial discrimination http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/OFAE4M/7V/h?a1=2013&a2=5&a3=3   Europe News - latest Europe news headlines - FT.com   Dublin backs its president over austerity President Michael Higgins called for a "radical rethink" of how EU leaders tackled the crisis and warned the union risked social upheaval unless they changed course http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/LSCD7T/7V/h?a1=2013&a2=5&a3=3   London traders back Cameron on Europe The majority of London businesses are in favour of staying in the EU but only if changes are made to the conditions of membership http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/7ZNOLF/7V/h?a1=2013&a2=5&a3=3   European companies   Sanofi misses profit forecasts European austerity measures and US patent expiries helped push first-quarter earnings at the French pharmaceutical group below consensus levels http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/NR2I5R/7V/h?a1=2013&a2=5&a3=3   Praise for chief who steered Shell to stability Peter Voser bequeaths a strong pipeline of projects after overseeing a surge in production after years of decline, bringing praise for his timing http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/MJVYMF/7V/h?a1=2013&a2=5&a3=3   Ikea green light to open in India Cabinet committee on economic affairs has approved a plan to spend up to €1.5bn to open about 25 stores in the coming decades http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/MJVYM2/7V/h?a1=2013&a2=5&a3=3   ING's Voya Financial rises on debut The move brings the Dutch banking stakeholder closer to complying with conditions the European Commission imposed on it in 2009 as part of its bailout http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/XBDP9J/7V/h?a1=2013&a2=5&a3=3   Turkey's retailers set for consolidation Walmart sought a controlling stake in Migros last year at a price that would have valued the retailer at more than $4bn including debt http://link.ft.com/r/A1TNOO/IELJX6/LQ05NB/8Z0YW0/9MPCH9/7V/h?a1=2013&a2=5&a3=3

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