ICAP defends benchmark rate-setting role, Japan shar...


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Wednesday May 15 2013


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ICAP defends benchmark rate-setting role
The world's biggest interdealer broker has defended its role in setting a benchmark rate being probed by US regulators for potential manipulation
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/87PRXK/28/h?a1=2013&a2=5&a3=15
 

Markets
 
Japan shares at five-and-a-half-year high
Yen weakness boosts exporters' earnings outlook, while Sony soars after shareholder Daniel Loeb proposes float of up to 20% of entertainment business
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/9MUFK4/28/h?a1=2013&a2=5&a3=15
 
Europe oil groups raided over price setting
Probe into oil benchmarks comes in the wake of Libor manipulation scandal. BP, Statoil, Shell and Platts are among the companies being investigated
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/3CJE75/28/h?a1=2013&a2=5&a3=15
 
Greek yields fall sharply after upgrade
Ten-year yields fall nearly a percentage point to lowest in three years after Fitch lifts its rating to B- and says the outlook is stable
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/52F957/28/h?a1=2013&a2=5&a3=15
 
Central banks will keep equities afloat
Continued monetary easing means there are no reasons why stock markets should see a steep slide, and current valuations on most look attractive
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/HI6HJS/28/h?a1=2013&a2=5&a3=15
 
US utilities' outperformance fades away
After ferocious start to year, sector that includes slow-growth high-yield companies such as Duke Energy and Dominion Resources has weakened
http://link.ft.com/r/ZE9K33/7Z9ASQ/S3MIHV/08LPIR/OFZC11/28/h?a1=2013&a2=5&a3=15
 
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