In today's FT: Brazil’s Azevêdo wins battle to lead WTO, Proxy firm...


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Financial Times
In today's FT
Wednesday May 08 2013

Financial Times - UK Homepage
 
Brazil's Azevêdo wins battle to lead WTO
Azevêdo, whose victory is due to be confirmed officially by the global trade body on Wednesday, will take the helm at a time of huge challenges
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/1O9O35/4O/h?a1=2013&a2=5&a3=7
 
Proxy firm calls on Dimon to split roles
Executives and investors are scheduled for calls in the run-up to a crucial meeting when shareholders decide on whether to create independent chairman
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/ULXLQV/4O/h?a1=2013&a2=5&a3=7
 
Tips from Wall St hedge fund gurus fail to reward faithful
Investors who bought on basis of advice from Ira Sohn Investment conference in New York last year would have had very mixed results
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/FDGD29/4O/h?a1=2013&a2=5&a3=7
 

Financial Times - US homepage
 
Russia and US agree to Syria conference
The Obama administration will regard the announcement of the conference as a breakthrough, but could struggle to convince both sides to attend
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/RP5PYW/4O/h?a1=2013&a2=5&a3=7
 
Alibaba's quarterly revenues surge 80%
With an IPO looming, the evidence of Alibaba's continued expansion could trigger further tension between the Chinese and US internet companies
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/WHDHJB/4O/h?a1=2013&a2=5&a3=7
 
Sanford hikes back into politics with poll win
Sanford's defeat of Democrat Colbert Busch marks a victory for Tea Party activists who supported him after he was abandoned by Republican committee
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/4VRV1P/4O/h?a1=2013&a2=5&a3=7
 

Financial Times - Europe homepage
 
Central bank optimism lifts stocks
FTSE All-World index at best level since June 2008 as concerns about global growth are counteracted by ongoing central bank largesse
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/DXHX00/4O/h?a1=2013&a2=5&a3=7
 
Paris and Berlin seek to put differences aside
When Schäuble and Moscovici met to celebrate the 25th year of the Franco-German economic and financial council, they came to praise the partnership, not bury it
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/Z8E8N0/4O/h?a1=2013&a2=5&a3=7
 
Lisbon enjoys strong demand for bond issue
Offer of 10-year debt raises €3bn and is a milestone in the efforts to exit bailout programme in June 2014 as planned
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/NRARWD/4O/h?a1=2013&a2=5&a3=7
 

Financial Times - Asia homepage
 
China trade growth accelerates in April
Growth in both exports and imports in April will stir fresh questions about the reliability of Chinese data as neighbours see a fall-off in trade
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/NRARWV/4O/h?a1=2013&a2=5&a3=7
 
'Chinese tsunami' leaves Najib in a bind
Surge in support for the opposition's People's Action party in the Malaysian election leaves the prime minister with a delicate governing challenge
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/IEOEZG/4O/h?a1=2013&a2=5&a3=7
 
Khan hurt at rally ahead of Pakistan poll
Imran Khan hurt in a fall at an election rally, four days before a historic vote that will mark Pakistan's first democratic transfer of power
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/20S0P9/4O/h?a1=2013&a2=5&a3=7
 

World News - latest world news headlines - FT.com
 
WTO head needs progress on global pact
The organisation's standing – to protesters and governments and businesses – is under threat following years of failed efforts for a global trade deal
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/EKBKC2/4O/h?a1=2013&a2=5&a3=7
 
Hollande pins hopes on cabinet reshuffle
French president's popularity has fallen from 60% after his election in May 2012 to 24% a year later as the country's economy falters
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/A51581/4O/h?a1=2013&a2=5&a3=7
 
Sexual assaults on the rise in US military
Report was released as the military tries to deal with a slew of sexual assault scandals, leading to condemnation from the president and members of Congress
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/LSVS49/4O/h?a1=2013&a2=5&a3=7
 
Lawson throws EU rejection in spotlight
No. 10 scrabbles to limit the damage caused by the former chancellor's claim that renegotiation of EU membership would yield 'inconsequential' results
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/YGIGR4/4O/h?a1=2013&a2=5&a3=7
 
Battle rages over US online tax
Retailers who back the proposal argue it does not represent the introduction of a new tax, even though consumers will see taxes increase
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/B4L46V/4O/h?a1=2013&a2=5&a3=7
 

Companies news and analysis - FT.com
 
Disney shows its muscle as Iron Man 3 boosts earnings
Parks division is stand out performer, lifted by an improving US economy that led to higher guest spending and more hotel bookings
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/6ANATU/4O/h?a1=2013&a2=5&a3=7
 
Coty prepares for a very public close-up
Founded in Paris in 1904, the company has grown into a global operation employing 12,000 people and generating $4.6bn in sales in the year to June 30
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/52F2LN/4O/h?a1=2013&a2=5&a3=7
 
Ballmer's legacy at Microsoft on the line
The chief has injected a new creative spirit into the company, yet a single decision – on Windows 8 – could threaten much of what he has achieved
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/IEOEZ7/4O/h?a1=2013&a2=5&a3=7
 
SAP takes step into cloud computing sector
The push signals a potential sea-change in the company's business model and puts it into direct competition with a wider range of technology companies
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/1O9O3W/4O/h?a1=2013&a2=5&a3=7
 
Organic growth to top agenda at Diageo
The focus of the job of Ivan Menezes, who will take over as chief of the world's largest distiller in July, will shift away from aggressive M&A
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/RP5PIF/4O/h?a1=2013&a2=5&a3=7
 

Markets
 
Asian shares rise on economic hopes
The MSCI Asia Pacific index advanced 0.9 per cent, heading for its highest close since June 2008, following upbeat data from China and Germany
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/K9C9M8/4O/h?a1=2013&a2=5&a3=7
 
Brazilian pension funds go global
Low interest rates force pension funds to look abroad in a move that may mark the start of an important step in the maturing of the country's financial industry
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/3CJC1O/4O/h?a1=2013&a2=5&a3=7
 
Support for higher bank capital ratios
Banks' argument that equity capital is expensive and increasing it would force them to pass up attractive lending opportunities has been systematically demolished
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/CWTW0W/4O/h?a1=2013&a2=5&a3=7
 
Demand for gas alters US energy landscape
A combination of sustained low prices and environmental regulations is laying the groundwork for permanently higher gas consumption across North America
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/9MUMGR/4O/h?a1=2013&a2=5&a3=7
 
Fed warns of fire sale risk for US repo
NY Fed paper says "co-operation and contractual arrangements among tri-party repo market participants" needed to address risk of fire sale once dealer defaults
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/9MUM8X/4O/h?a1=2013&a2=5&a3=7
 

Financial Times - Comment
 
The German model is not for export
Forcing the eurozone to mimic Germany's path to adjustment makes prolonged stagnation, particularly in crisis-hit countries, highly likely, says Martin Wolf
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/WHDHSP/4O/h?a1=2013&a2=5&a3=7
 
Protest politicians are united in grievance
The failure of democracy to handle the aftermath of the global crisis threatens to undermine the consensus that emerged post 1989, writes John Kay
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/WHDHS3/4O/h?a1=2013&a2=5&a3=7
 
Call a truce in the no-winners solar war
Bickering among nations and the illusion that free markets always work will not fix the world's energy insecurity, says Jeremy Leggett
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/IEOE7F/4O/h?a1=2013&a2=5&a3=7
 
Apple, not the US tax code, is rational
Unsurprisingly, companies often choose not to bring the cash home: the money is then neither taxed nor used for dividends or investments
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/B4L46Z/4O/h?a1=2013&a2=5&a3=7
 
China private equity bitten again by Fang
Financier Fang Fenglei's bet that China's beleaguered investment sector will recover is bringing a glimmer of hope and more than a passing curiosity
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/DXHX0N/4O/h?a1=2013&a2=5&a3=7
 

Financial Times - Management
 
Pioneers of Algerian media
Mohamed and Souad Mokeddem, the husband and wife team behind private media start-up Essahar, talk about the challenges of doing business in the country
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/87P7BY/4O/h?a1=2013&a2=5&a3=7
 
Giving is a must for successful founders
The reasons why the wealthy donate are irrelevant. What matters is that they put their cash to work in areas such as education and medicine
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/T1W1QT/4O/h?a1=2013&a2=5&a3=7
 
Will travelling hurt my re-employability?
I wonder how long I can be away and still have a good chance of being re-employed on my return
http://link.ft.com/r/P75VYY/HI1LBY/IY8ZJL/QN9VOS/1O9O3N/4O/h?a1=2013&a2=5&a3=7
 
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