Global business: Yahoo buys start-up Tumblr for $1bn, H&M rethinks so...

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/73UJGG/EKBGBP/SXKPIB/6VRT5E/   Global Business Monday May 20 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Companies news and analysis - FT.com   Yahoo buys start-up Tumblr for $1bn Tumblr, launched in 2007, has married short-form blogging with social media sharing to create a service but, its growth rate has slowed this year http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/A51LCI/PJ/h?a1=2013&a2=5&a3=20   H&M rethinks sourcing policy Swedish brand is looking at countries such as Mexico and Brazil after opening its first store in the southern hemisphere this year in Chile http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/WHDYFP/PJ/h?a1=2013&a2=5&a3=20   Apple faces grilling over US tax rate Group's tax planning is likely to come under the microscope when Tim Cook, chief executive, faces Senate committee investigating shifting of profits to low-tax countries http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/GY86MD/PJ/h?a1=2013&a2=5&a3=20   Low rates fail to spur M&A boom The lack of dealmaking in a historically low interest rate environment is a break from the past, when cheap capital fuelled waves of M&A http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/1O9S1R/PJ/h?a1=2013&a2=5&a3=20   US fund Monarch to open office in London US hedge fund has about a fifth of its $5.5bn under management invested in Europe and expects the figure to grow as more opportunities arise http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/K9CVW0/PJ/h?a1=2013&a2=5&a3=20   Tough oil pricing ahead, says Eni chief Paolo Scaroni, chief executive, says sluggish demand and new supply coming on to the market means the price of crude was 'more likely to go down' http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/ULXKJ9/PJ/h?a1=2013&a2=5&a3=20   Building blocks to cut output costs Companies such as Volkswagen are following Scania's lead in applying a modular strategy to create different brands from common components http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/JQ0C43/PJ/h?a1=2013&a2=5&a3=20   Asian groups stump up for European assets Asian companies are paying more than double the price of European assets, relative to earnings as they did three years ago, a study shows http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/K9CVXN/PJ/h?a1=2013&a2=5&a3=20   Report points to LVMH operation on Hermès Leaked document from French stock market regulator finds LVMH built stake in rival through equity swaps in tranches 'undetectable by the public' http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/VTKDFH/PJ/h?a1=2013&a2=5&a3=20   Portuguese banks seek cures for capital woes Four of top six lenders reported first-quarter losses totalling more than €300m, reflecting extent to which 10 quarters of recession have hit net interest margins http://link.ft.com/r/73UJGG/RPV85K/JI67RT/IIXD97/87PU6R/PJ/h?a1=2013&a2=5&a3=20   In depth - FT.com Austerity Europe Libor scandal Bank bonuses 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..