In today's FT: Bernanke says bond buying could slow, IMF pulls its ...


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Financial Times
In today's FT
Thursday May 23 2013

Financial Times - UK Homepage
 
Bernanke says bond buying could slow
The Fed chairman said it might consider taming asset purchases soon if officials became convinced that the economic recovery was on a steady upward path
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/9MUOPP/ID/h?a1=2013&a2=5&a3=22
 
IMF pulls its punches in ring with Treasury
Against expectations, fund refused to openly and explicitly criticise chancellor George Osborne's austerity drive in report on British austerity
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/IEO5OQ/ID/h?a1=2013&a2=5&a3=22
 
Soldier killed on London street
Scotland Yard says two men, both carrying weapons, were shot by police and taken to hospital. Video footage showed one of the men with bloodied hands
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/MJ2KVT/ID/h?a1=2013&a2=5&a3=22
 

Financial Times - US homepage
 
HP turnround plan begins to show results
Meg Whitman, chief executive, tells the FT that the 'patient is showing more signs of recovery' after PC revenues fell by a fifth year on year
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/Z8EPEB/ID/h?a1=2013&a2=5&a3=22
 
GE eyes consumer finance unit IPO
Jeff Immelt says the US conglomerate is seeking to shrink the assets of its financial services division and possibly list the company publicly
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/Q3ME7Z/ID/h?a1=2013&a2=5&a3=22
 
IMF studies bond restructuring reform
First high-level attempt to address the issue since efforts to create a sovereign debt mechanism failed a decade ago
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/52FBRI/ID/h?a1=2013&a2=5&a3=22
 

Financial Times - Europe homepage
 
Rating agencies under fire again
Growing number of investors say agencies such as S&P, Moody's and Fitch have not kept up with improving fundamentals in US housing market
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/FDGZBO/ID/h?a1=2013&a2=5&a3=22
 
Ai Weiwei mocks state in music video
Ai Weiwei, the Chinese artist, has dedicated to dissidents everywhere a heavy-metal video he has made that satirises the power of state authorities
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/NRADAL/ID/h?a1=2013&a2=5&a3=22
 
Eurozone seeks 'Tobin tax' incentives
Officials look to ease collection of the levy, using market infrastructure, and make it more difficult to sidestep the bloc's taxman
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/3CJTJZ/ID/h?a1=2013&a2=5&a3=22
 

Financial Times - Asia homepage
 
Asian debt: Beware of bubbles
Southeast Asia's booming bond market has sparked fears of a bubble but the region is in more robust shape to withstand shocks than in the late 1990s
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/MJ2KVE/ID/h?a1=2013&a2=5&a3=22
 
White House admits to strikes on US citizens
The deaths of the Americans have become one of the most politically sensitive aspects of the widespread use of drones under Mr Obama to kill suspected terror leaders
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/WHDFK5/ID/h?a1=2013&a2=5&a3=22
 
Amazon plans giant biosphere in Seattle
Mixed public reaction to proposal to construct spherical greenhouses where the online retailer's staff will work surrounded by shrubbery and trees
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/OFZYAY/ID/h?a1=2013&a2=5&a3=22
 

World News - latest world news headlines - FT.com
 
Ireland pledges to fight tax avoidance
Prime minister insists Ireland does not cut special tax deals with foreign companies as he arrives for an EU summit where the issue will top agenda
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/T1WS4M/ID/h?a1=2013&a2=5&a3=22
 
Apple unlikely to change without tax reform
The company's defence rests on a simple premise – that its actions stem from an outdated US corporate code – and many Republican senators agree
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/RP5Q53/ID/h?a1=2013&a2=5&a3=22
 
Brussels to tighten bank bailout rules
EU proposes more stringent rules on state bailouts by which investors would suffer heavier losses and would be levied before taxpayers
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/MJ2K2N/ID/h?a1=2013&a2=5&a3=22
 
Egyptian security force staff freed
Mohamed Morsi, Egypt's Islamist president, greeted the men at a military airport in Cairo and vowed to continue a crackdown in the troubled Sinai
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/3CJTSR/ID/h?a1=2013&a2=5&a3=22
 
Iran business shocked by Rafsanjani bar
Economy has been struggling due to international sanctions that have helped fuel inflation, which has been officially put at 32.2%
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/DXH2TZ/ID/h?a1=2013&a2=5&a3=22
 

Companies news and analysis - FT.com
 
Cable & Wireless to relocate from London
Telecoms group that traces its history back to the early days of the British empire will move its headquarters out of the UK after more than 140 years
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/HI6M8L/ID/h?a1=2013&a2=5&a3=22
 
Cloud lifts from UK banks as review ends
Lloyds and RBS do not have to issue shares or sell securities to meet fresh regulations, however, shortfalls remain
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/OFZYAQ/ID/h?a1=2013&a2=5&a3=22
 
Ares hires ex-Blair adviser for Europe deals
Charles Steel, an ex-Carlyle Group executive, is to become the LA-based fund manager's first full-time private equity dealmaker for the continent
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/MJ2KVZ/ID/h?a1=2013&a2=5&a3=22
 
US housing upturn boosts Toll Brothers
Luxury homebuilder benefits from a rebounding market, giving Americans confidence to sell their existing homes and make new purchases
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/CWTVL8/ID/h?a1=2013&a2=5&a3=22
 
Dish aims to scuttle rival bid for Sprint
Dish has filed letters to the FCC disparaging SoftBank, created a website dedicated to scuttling the deal, and has just launched an ad campaign
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/WHDFKS/ID/h?a1=2013&a2=5&a3=22
 

Markets
 
'Eureka' moment for rating agency critics
In reformers' sights are the investment mandates that prevent many pension funds and other investors from buying bonds that are not stamped for approval by at least one of the big two agencies
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/87P63H/ID/h?a1=2013&a2=5&a3=22
 
Lenders to CLOs told to take lower rates
Equity owners of highly-leveraged investment vehicles, called collateralised loan obligations (CLOs), are asserting themselves at the expense of lenders
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/FDGZBN/ID/h?a1=2013&a2=5&a3=22
 
Fed QE exit must avoid collateral damage
Scarcity has disrupted repo market, harming the ability to set rates for non-bank institutions, and so Federal Reserve should steer collateral to them
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/B4LCL7/ID/h?a1=2013&a2=5&a3=22
 
US stocks step back from intraday highs
The S&P 500 lost 0.8 per cent to 1,655.35, with stocks sustaining heavy losses after initially rising as much as 1.1 per cent
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/Q3MEMT/ID/h?a1=2013&a2=5&a3=22
 
Dollar rises on Fed bond-buying comments
Analysts say a dovish statement from Ben Bernanke, Fed chairman, could cause a further pullback in the US dollar, which has strengthened recently
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/3CJTSL/ID/h?a1=2013&a2=5&a3=22
 

Financial Times - Comment
 
Wall Street needs open-court justice
If he is innocent, Steve Cohen's good name should be restored. If he is guilty of massive insider trading on Wall Street, he should be punished
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/DXH2HQ/ID/h?a1=2013&a2=5&a3=22
 
Hard to build an 'anyone but China' club
No one will say it, but the unstated aim of the TPP is to create a 'high level' trade agreement excluding the world's second-largest economy
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/3CJTSK/ID/h?a1=2013&a2=5&a3=22
 
No magic pill for Britain's economy
The biggest pity of the IMF's visit to London is that the hype over fiscal policy will detract from the rest of the report
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/T1WS47/ID/h?a1=2013&a2=5&a3=22
 
How to make big groups play fair on tax
The game of cat and mouse can be brought to a satisfactory conclusion end if businesses are assessed on the basis of where they make their sales
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/B4LCLX/ID/h?a1=2013&a2=5&a3=22
 
iDodge: Apple's new killer product
Imagine if the company had used one of its famous showcase events to present its tax arrangements. This is what might have happened
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/IEO56O/ID/h?a1=2013&a2=5&a3=22
 

Financial Times - Management
 
Marketing the unpleasant truth
Some leading brands are entering sensitive territory by adopting a franker approach when advertising their personal care products
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/OFZYAK/ID/h?a1=2013&a2=5&a3=22
 
Bangladesh and the clothes on our backs
In the month that has passed since the collapse in Dhaka, resolve to prevent a repetition has all but evaporated, writes Michael Skapinker
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/GY878Y/ID/h?a1=2013&a2=5&a3=22
 
Advice to get you out of a rut
Many of the lessons offered here seem like pure common sense but the well-chosen and considered case studies leave the reader much to ponder
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/FDGZGR/ID/h?a1=2013&a2=5&a3=22
 
A better baggage handling system
Ball bearings have replaced a conveyor belt as part of a redesigned system of transporting luggage to aircraft at London's Gatwick airport
http://link.ft.com/r/M2ZOXX/YG4Y41/3O9UZD/C4ZDH7/WHDFKN/ID/h?a1=2013&a2=5&a3=22
 
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