In today's FT: Apple accused of avoiding billions in taxes, Qatar s...


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Financial Times
In today's FT
Tuesday May 21 2013


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Financial Times - UK Homepage
 
Apple accused of avoiding billions in taxes
The Senate report said Apple's use of loopholes for international profits allowed it to save tax on $44bn in 'otherwise taxable offshore income'
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/YGISHI/XL/h?a1=2013&a2=5&a3=20
 
Qatar snaps up stakes in key lenders
Emirate launches another push into banking sector by making fresh investments in Russia's VTB and Germany's Deutsche Bank
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/87PTAS/XL/h?a1=2013&a2=5&a3=20
 
Cameron fights for unity on marriage vote
Several Conservatives, including Edward Leigh, a Tory backbencher, spoke out against the equal marriage bill on Monday during an impassioned debate
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/PN7WR2/XL/h?a1=2013&a2=5&a3=20
 

Financial Times - US homepage
 
Yahoo vows not to 'screw up' Tumblr
Some users of the blogging site expressed dismay about the takeover and have started moving their blogs to rival platforms such as WordPress
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/NRA5SX/XL/h?a1=2013&a2=5&a3=20
 
US corn rush threatens prices
The pace of planting shows how technology has transformed farming from a small family business to an industry requiring huge capital investments
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/9MUHZB/XL/h?a1=2013&a2=5&a3=20
 
Thai slowdown adds to Asia gloom
The slower growth was the result of faltering Chinese, eurozone, and US demand as well as a strong baht, which recently eased off a 16-year high
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/6AN1V7/XL/h?a1=2013&a2=5&a3=20
 

Financial Times - Europe homepage
 
Berlin plans partial EU treaty change
German strategy would thwart UK premier's plans to use eurozone reforms to renegotiate Britain's relationship with bloc and repatriate powers
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/Q3MXFT/XL/h?a1=2013&a2=5&a3=20
 
Oil inquiry widens to trading houses
The European Commission has days sent requests for information to Swiss-based commodities traders Glencore, Vitol and Mercuria, and possibly others
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/6AN1V1/XL/h?a1=2013&a2=5&a3=20
 
Dublin fears UK opt-out from EU justice
Tackling criminality and dissident terrorism in the border area is at the heart of Irish concerns over UK moves to renegotiate its EU relationship
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/VTKE1H/XL/h?a1=2013&a2=5&a3=20
 

Financial Times - Asia homepage
 
Investors vote in Dimon 'referendum'
Investors demanding more board oversight vowed to press on even after talking down the prospects of winning a vote to install an independent chairman
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/DXH64N/XL/h?a1=2013&a2=5&a3=20
 
US prosecutors weigh case for charging SAC
A criminal case against the hedge fund would likely mean it would no longer manage money for outside investors
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/EKBOW1/XL/h?a1=2013&a2=5&a3=20
 
Graceland put on the market
Core Media Group has begun approaching potential bidders from Asia, Europe and the US for Elvis Presley Enterprises and Muhammad Ali Enterprises
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/ULXIUG/XL/h?a1=2013&a2=5&a3=20
 

World News - latest world news headlines - FT.com
 
Syrian regime fights for key rebel city
Recent successes reflect not only the help of Hizbollah but also an increased use of local militias, sometimes known as popular committees
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/1O9F8U/XL/h?a1=2013&a2=5&a3=20
 
Backlash blamed for woes at Russia project
The future of Kremlin-sponsored technopark Skolkovo, which hosts the world's leading science and technology companies, is being questioned
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/XBY9TI/XL/h?a1=2013&a2=5&a3=20
 
Obama and Xi plan talks to calm rivalry
The leaders will meet for two days at a luxury California ranch for private talks aimed at trying to establish common ground after an awkward period
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/JQ0AIP/XL/h?a1=2013&a2=5&a3=20
 
Ugandan newspaper raided over plot claim
Swoop by police brings complaints of threat to free press from President Yoweri Museveni, who came to power 27 years ago embracing democracy
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/K9CZEO/XL/h?a1=2013&a2=5&a3=20
 
Italy faces pressure over Roma 'ghettos'
Campaign group accuses Italians of trying to cut gypsies off from society. Country's highest appeal court has outlawed legal basis for camps
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/T1WYPR/XL/h?a1=2013&a2=5&a3=20
 

Companies news and analysis - FT.com
 
Qataris bank on gaining key stronghold
Sending their very best executives abroad to learn their trade has helped the nation tap into a rich flow of acquisitions as well as deals
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/YGISH3/XL/h?a1=2013&a2=5&a3=20
 
Mayer out to rewrite Yahoo's history
Yahoo compared its Tumblr purchase to Facebook takeover of Instagram last year and Google's YouTube deal in 2005
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/B4LGM1/XL/h?a1=2013&a2=5&a3=20
 
Actavis to buy Warner Chilcott for $5bn
All-stock deal could bring an end to recent merger talks around Actavis and will create a speciality pharma group with an annual $11bn in sales
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/A51B7I/XL/h?a1=2013&a2=5&a3=20
 
ENRC lowball bid looks good, analysts say
Proposed offer from ENRC's founding shareholders and Kazakhstan has been rejected as 'materially undervaluing' the London-listed miner
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/FDG0X6/XL/h?a1=2013&a2=5&a3=20
 
Armani operating profit up 20% to €339m
Giorgio Armani says the Italian fashion retailer plans to continue its growth focus on China where sales jumped 39 per cent and emerging markets
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/VTKE1L/XL/h?a1=2013&a2=5&a3=20
 

Markets
 
Global stocks inch to fresh highs
Equity markets made further progress as the S&P 500 hit an intra-day record but the dollar's recent rally began to run out of steam
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/K9CZE9/XL/h?a1=2013&a2=5&a3=20
 
Yield hunt drives up leveraged loans
Most US leveraged loans are trading above face value thanks to a bidding war between mutual funds and a new generation of structured finance vehicle
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/ULXIUB/XL/h?a1=2013&a2=5&a3=20
 
Gold and silver struggle in volatile trading
As well as being considered "poor man's gold" on the one hand, silver is used in electronics and solar panels by the energy industry, where demand has pulled back
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/IEO2Y4/XL/h?a1=2013&a2=5&a3=20
 
FTSE 100 hits highest in 12 years
The FTSE 100 rose 0.5% or 32.57 points at 6,755.63, its highest level since September 2000, with utilities underpinning the advance
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/WHDQL5/XL/h?a1=2013&a2=5&a3=20
 
Listen to what gold is really telling us
Gold is like Apple or Facebook – a powerful brand whose valuation has become completely divorced from its intrinsic attributes, says Mohamed El-Erian
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/4VRP0O/XL/h?a1=2013&a2=5&a3=20
 

Financial Times - Comment
 
Why I shifted sides over Europe
Believing that Britain should stay out of the euro but inside the EU now puts me on the other side of the battle lines to the eurosceptics
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/B4LGMS/XL/h?a1=2013&a2=5&a3=20
 
Tories misunderstand the last election
The estrangement that began with the failure of 2010 is damaging the prime minister and his party
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/DXH64F/XL/h?a1=2013&a2=5&a3=20
 
Markets are at risk of a 'big data' crash
The use of huge sets of computerised information is transforming financial trading and it now needs to change the regulation of this sector
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/1O9F8Z/XL/h?a1=2013&a2=5&a3=20
 
Cheap money is still scarce in the Brics
Far from fighting off foreign capital, leaders from India to South Africa are struggling to attract a greater share of global capital flows
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/T1WYPE/XL/h?a1=2013&a2=5&a3=20
 
The cup of sarcasm is overflowing
Instead of extolling the virtues of Mato Grosso or the Pantanal, a new guidebook trashed its various municipalities, writes Joe Leahy
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/ULXIU3/XL/h?a1=2013&a2=5&a3=20
 

Financial Times - Management
 
Anti-espionage tips for the traveller
Work trips can leave businesses particularly susceptible to security breaches but there are many ways to reduce the risk
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/K9CZEA/XL/h?a1=2013&a2=5&a3=20
 
Leadership that will mess with your head
Neuroleadership and neurofeedback therapy, based on research into the brain activity of leaders and potential leaders, is a fast-growing area
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/3CJ3OO/XL/h?a1=2013&a2=5&a3=20
 
Dearth of orders gave birth to Medneo
The financial crisis created the need for a new business model at the maker of big-ticket imaging equipment
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/7Z3L20/XL/h?a1=2013&a2=5&a3=20
 
Pedigree's animal shelter campaign
The spot touches on an ethical minefield and should not work, but the understated production and voiceover make it neither smug nor sickly
http://link.ft.com/r/OZMCDD/JQH15I/FXHVQP/XHUH66/ULXIUC/XL/h?a1=2013&a2=5&a3=20
 
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