Europe Morning Headlines: Regulators clash over derivatives reforms, Google ch...

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/R5WAEE/6A351S/46E18J/PRAK1O/   Europe morning headlines Thursday May 30 2013 Financial Times - Europe homepage   Regulators clash over derivatives reforms The US, stung by the 2008 bailout of AIG, is seeking broad authority to police foreign trading that puts domestic taxpayers at risk http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/52N5BW/VU/h?a1=2013&a2=5&a3=30   Google challenges Apple with 'hero' phone New handset will go on sale later this year and will be part of a campaign to drive down the cost of smartphones and end the high profit margins companies like Apple have enjoyed, http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/FD89ZF/VU/h?a1=2013&a2=5&a3=30   Swiss outline plan to relax bank secrecy law Bern proposes law that would make it possible for Swiss banks to reach individual settlements with US authorities http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/EKGQAN/VU/h?a1=2013&a2=5&a3=30   EU economies win budget deficit reprieve Brussels slows the pace of austerity but warns the bloc is still unlikely to produce solid economic growth in the near term amid growing danger of social unrest http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/Z8QV31/VU/h?a1=2013&a2=5&a3=30   Brussels steps up pressure on Hollande European Commission gives list of demands for Paris including public spending cuts, in return for two extra years for France to meet budget targets http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/NRZUKE/VU/h?a1=2013&a2=5&a3=30   Markets   Asia shares fall on US bond purchase fears Trading cautious as investors await further economic data from the US, including the week's jobless claims number and first-quarter gross domestic product http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/1OSA18/VU/h?a1=2013&a2=5&a3=30   Distressed debt investors focus on Europe Expectations of big profits from distressed debt have so far eluded hedge funds, but they now hope the environment is right to reward creative investors http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/87UX8V/VU/h?a1=2013&a2=5&a3=30   Iron ore prices fall to seven-month low Traders and steelmakers in the country have been selling down stocks amid widespread anxiety about the outlook for demand and overcapacity concerns http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/B4TYC5/VU/h?a1=2013&a2=5&a3=30   Utilities stocks lead FTSE 100 lower A sell-off among utilities leads the FTSE 100 to its second-biggest fall of the year so far as a sovereign bond rally triggers profit-taking http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/SUWB92/VU/h?a1=2013&a2=5&a3=30   World News - latest world news headlines - FT.com   Grim view for Iran industries ahead of poll Industries suffer from policies of President Ahmadi-Nejad and sanctions, but presidential candidates in forthcoming poll offer little hope of change http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/Z8QVP2/VU/h?a1=2013&a2=5&a3=30   Tehran puts focus on diplomacy with Damascus Iran's alliance with Syria has allowed it to project power into the Levant, in part by facilitating arms supplies to Lebanese militant group Hizbollah http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/GY6S7Q/VU/h?a1=2013&a2=5&a3=30   Philippines economic growth hits 7.8% Philippines growth expanded faster than expected at an annualised 7.8% in the first quarter, lifted by strong manufacturing and construction sectors http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/LS23WX/VU/h?a1=2013&a2=5&a3=30   US house prices rise as fewer lose homes Importantly for the health of the economy, some of the biggest reductions in mortgage problems were in states with the most troubled housing markets http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/GY6S73/VU/h?a1=2013&a2=5&a3=30   Europe News - latest Europe news headlines - FT.com   Larry King to host Russia Today talk show Three years after ending a 25-year career on CNN, Larry King is to present a new show on Russia Today, still seen by many as a Kremlin mouthpiece http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/VTD6R6/VU/h?a1=2013&a2=5&a3=30   Alcohol laws spark debate in Turkey President Gul to sign into law a bill banning alcohol advertising and forbidding new licences for establishments near places of worship or education http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/7ZPWG6/VU/h?a1=2013&a2=5&a3=30   Total pays penalty to settle bribes charge US justice department agrees not to prosecute Total for violations of the Foreign Corrupt Practices Act. In exchange, the company is to pay a $245m penalty http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/IE0R5J/VU/h?a1=2013&a2=5&a3=30   US faces balancing act on EU trade deal Testimony on Wednesday presented clashing views on a US trade deal with the EU, as various business groups pushed competing agendas http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/PNMLIC/VU/h?a1=2013&a2=5&a3=30   EU opportunities for cash-rich companies Financial crisis in Europe creates manufacturing investment opportunities for cash-rich companies from China, India, Russia and South America http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/20JZL0/VU/h?a1=2013&a2=5&a3=30   European companies   Ousted O'Reilly opts for 9 to 5 showbiz life Ex-chief of Ireland's Independent News & Media group to run London-based music stars' booking company that is responsible for more than 2,000 artists http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/6A34GC/VU/h?a1=2013&a2=5&a3=30   Lapo Elkann plans Italia Independent IPO Sunglasses company founded by Agnelli scion to list in Milan as it looks to follow the share price success of luxury groups such as Salvatore Ferragamo http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/Q35TEU/VU/h?a1=2013&a2=5&a3=30   EADS raises guidance for new orders Airbus's parent group revises up previous expectations to more than 100 passenger jets this year amid strong demand in commercial aviation http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/MJAPKR/VU/h?a1=2013&a2=5&a3=30   Sports Direct makes strides through international expansion FTSE 250 retailer's buyout of an Austrian retailer and a Baltic chain will leave it operating across 16 countries in Europe as it continues to grow http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/OF71Y6/VU/h?a1=2013&a2=5&a3=30   Swiss act to dilute bank secrecy laws Government bows to the inevitable amid intense US pressure by temporarily weakening the nation's once impregnable rules http://link.ft.com/r/R5WAEE/NRON1I/GKB29U/4C8QX2/B4TYCQ/VU/h?a1=2013&a2=5&a3=30   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..