Europe Morning Headlines: P&G brings back veteran Lafley as chief, Nikkei reco...

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/4RNQTT/HI647X/SFAIR5/PRAK1O/   Europe morning headlines Friday May 24 2013 Financial Times - Europe homepage   P&G brings back veteran Lafley as chief Procter & Gamble's embattled chief executive Bob McDonald is stepping down and will be replaced by his predecessor A.G. Lafley after a period of weak performance http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/EKB5X4/W1/h?a1=2013&a2=5&a3=24   Nikkei recovers as investors pile back in Nikkei ends morning trading up 2.7%, erasing about a third of Thursday's tumble as Japanese investors pile back into heavily-sold shares http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/NRAQSX/W1/h?a1=2013&a2=5&a3=24   EU rushes out tax transparency law Big companies' tax affairs in Europe are to be opened up to greater public scrutiny with the EU rushing out a law to reveal profits and taxes http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/YGILHE/W1/h?a1=2013&a2=5&a3=24   Google faces fresh inquiry from FTC The regulators are probing areas of the display advertising market where Google has had a leading presence since its acquisition of display company DoubleClick in 2007 http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/XBY1TF/W1/h?a1=2013&a2=5&a3=24   Spain's banks face €10bn more provisions More than €200bn of loans rolled over before they expired – often because corporate borrowers would be unable to repay on time and in full, says recent data http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/CWT744/W1/h?a1=2013&a2=5&a3=24   Markets   UK's FTSE suffers biggest fall in a year Miners led the wider market lower on weak Chinese manufacturing data. The FTSE 100 dropped from a 13-year high, losing 2.1 per cent or 143.48 points at 6,696.79 http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/T1WNP4/W1/h?a1=2013&a2=5&a3=24   World News - latest world news headlines - FT.com   Obama rewrites rules for drone strikes Fresh regulations come in ahead of US president's speech on legal, moral and political considerations behind use of machines http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/6AN0VL/W1/h?a1=2013&a2=5&a3=24   G8 and G20 focus on tackling avoidance OECD is drawing up plans to reform rules on taxing companies across borders but experts are sceptical about governments' willingness to co-operate http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/4VR608/W1/h?a1=2013&a2=5&a3=24   IRS scandal puts focus on Obama activist group Tax exempt groups are playing a larger-than-ever role in US politics in the wake of court decisions that have made them attractive to strategists http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/EKB5WO/W1/h?a1=2013&a2=5&a3=24   Draghi calls for 'more European UK' Unease in continental Europe about the damaging effects to the bloc as a whole that might arise from a British exit from the EU http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/3CJ8OF/W1/h?a1=2013&a2=5&a3=24   Judges grill Lagarde over €400m pay-off Judges probe IMF chief's role in 2008 arbitration process that settled a long-running legal dispute involving colourful the multimillionaire http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/MJ2E9K/W1/h?a1=2013&a2=5&a3=24   Europe News - latest Europe news headlines - FT.com   Stockholm rioters vent fury on police Following violence across Stockholm, people in the northern suburb of Husby say tensions in the area have been growing for years http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/MJ2ESN/W1/h?a1=2013&a2=5&a3=24   Occupational funds win EU rules reprieve Regulators shelve plans for stricter solvency requirements, after previously saying they were necessary to strengthen the position of undercapitalised schemes http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/Q3MJFW/W1/h?a1=2013&a2=5&a3=24   EU accepts Star Alliance concessions Lufthansa, United Airlines and Air Canada have offered to cede airport slots in New York and Frankfurt to address potential competition issues http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/20SGOZ/W1/h?a1=2013&a2=5&a3=24   Dispute brews up over German shale search Merkel faces headache from iconic German industry as she draws up framework to allow hydraulic fracturing to explore for energy supplies in Europe's biggest economy http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/9MU2Z3/W1/h?a1=2013&a2=5&a3=24   Faultlines emerge on EU-US trade pact The European Parliament backed French demands to exclude cultural fare from a pact as US farmers blasted Europe's safety standards as protectionist http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/VTKP1F/W1/h?a1=2013&a2=5&a3=24   European companies   Spanish banks get tough on corporate debt Even for Spanish companies outside the property sector, the moment is arriving when lenders may be unwilling to extend any more credit http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/4VR601/W1/h?a1=2013&a2=5&a3=24   Tata Steel reports $1.3bn full-year loss European unit has struggled with overcapacity and falling demand as construction sector shrank that damaged all of the continent's leading steelmakers http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/HI6XDB/W1/h?a1=2013&a2=5&a3=24   Urenco privatisation given go-ahead Announcement clears the way for a sale later this year that could value the world's second-largest uranium enrichment company at between €8bn-€14bn http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/52FOVA/W1/h?a1=2013&a2=5&a3=24   GBL's Frère a cross-border deals pioneer Belgium's richest man has controlled the investment group for three decades and it is one of the country's top 10 companies by market value http://link.ft.com/r/4RNQTT/87STOR/TP5EB2/TUF8TJ/3CJ8OE/W1/h?a1=2013&a2=5&a3=24   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. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..