In today's FT: EU eases hard line on austerity, US housing lift cou...

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/NA70KK/GY6I29/ATHM8X/5CJLMI/   In today's FT Wednesday May 29 2013 Financial Times - UK Homepage   EU eases hard line on austerity France, Spain and the Netherlands to be given a waiver on the annual 3% deficit limit on condition national governments embark on labour market reforms http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/IE0Q5P/CM/h?a1=2013&a2=5&a3=28   US housing lift could crimp Fed buying Prices surged 10.9% in March from a year earlier driven by record-low mortgage interest rates, an improving jobs market and low inventory levels http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/Z8Q6PF/CM/h?a1=2013&a2=5&a3=28   UK bribery law set for government review In a move that could undermine its tough stance on corruption when the act was passed in 2011, rules on facilitation payments are set for review http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/ULKTJN/CM/h?a1=2013&a2=5&a3=28   Financial Times - US homepage   Advertisers pull Facebook campaigns Top-name companies have suspended their Facebook marketing campaigns after the risks in a new form of targeted advertising were exposed http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/7ZP762/CM/h?a1=2013&a2=5&a3=28   Seven charged over 'cyber criminals' bank Liberty Reserve processed an estimated 55m transactions to launder $6bn in criminal proceeds from 2006 until May 2013, US authorities allege http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/LS2JXG/CM/h?a1=2013&a2=5&a3=28   Obama to tackle China's Xi on cyberhacking Although defence officials have long warned about a Chinese campaign to hack US military information, the extent of the list surprised some observers http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/1OS01R/CM/h?a1=2013&a2=5&a3=28   Financial Times - Europe homepage   German banks €14bn short of Basel III Estimates suggest banks mainly improved capital ratios by spinning off unwanted assets and recalculating risk rather than raising fresh equity http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/9M150Y/CM/h?a1=2013&a2=5&a3=28   Russia to send more missiles to Syria Ministers in Moscow vow to fulfil a delivery contract for S-300 anti-aircraft missiles a day after the EU agrees to lift its embargo on arming rebels http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/Z8Q6PX/CM/h?a1=2013&a2=5&a3=28   Murdoch unveils the new News Corp Executives say the new unit will have strong brands, global scale, a balance sheet capable of funding acquisitions and opportunities http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/HIOE5J/CM/h?a1=2013&a2=5&a3=28   Financial Times - Asia homepage   Alibaba set to snub US with HK listing China's biggest ecommerce company is expected to list at the earliest in the final quarter of this year, and could be valued at $60bn-$70bn http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/JQC94C/CM/h?a1=2013&a2=5&a3=28   Bondholders' biggest enemy on top of game Lee Buchheit, the man most countries in financial distress call upon for restructuring, says it's 'more fun' to work on the side of governments http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/GY6IME/CM/h?a1=2013&a2=5&a3=28   Amway India expresses shock at arrests William Pinckney, the chief executive, and two directors have been arrested following complaints relating to losses incurred by employees http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/87UM6F/CM/h?a1=2013&a2=5&a3=28   World News - latest world news headlines - FT.com   France seeks overhaul of 'Robin Hood' tax France seeks overhaul of Europe's planned financial transaction tax to scale back its reach over derivatives while extending it to currency trades http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/A5L4CZ/CM/h?a1=2013&a2=5&a3=28   Focus on federal aid in storm state The trip reinforces the importance of federal aid at a time when Congress is engaged in a debate about the federal government's role in emergency relief http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/LS2JXI/CM/h?a1=2013&a2=5&a3=28   Libya's parliamentary head steps down Mohamed al-Magarief, head of Libya's parliament, quits in compliance with a political isolation law barring anyone who served in a senior position under Gaddafi http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/XBIG3C/CM/h?a1=2013&a2=5&a3=28   EU trade chief feels heat in China solar dispute De Gucht faced Beijing rallying majority of EU member states against his proposal to impose provisional duties on Chinese-made solar products http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/MJARD3/CM/h?a1=2013&a2=5&a3=28   Saudi tensions rise over call to harass women cashiers A writer has drawn criticism after urging his Twitter followers to harass women hired to work as cashiers in big grocery stores in Saudi Arabia http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/ULKTRB/CM/h?a1=2013&a2=5&a3=28   Companies news and analysis - FT.com   Citi settles $3.5bn mortgage lawsuit Citi had previously joined other banks including Bank of America and Barclays in fighting the Federal Housing Finance Agency's case http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/YGE837/CM/h?a1=2013&a2=5&a3=28   Skilled workforce boosts Italian groups Companies that have survived amid the gloom, such as Guala Closures and IMA, prove that Italy's manufacturing tradition is not yet dead http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/PNM3IW/CM/h?a1=2013&a2=5&a3=28   Walmart to pay $82m over hazardous waste US justice department said Walmart had 'put the public and the environment at risk and gained an unfair economic advantage' over rivals http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/1OS0LO/CM/h?a1=2013&a2=5&a3=28   Partnership chief set for £15m from IPO Bankers behind the listing of Partnership Assurance have agreed a value for the annuity provider of 325p-400p a share or £1.45bn at the midpoint http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/DXBKAW/CM/h?a1=2013&a2=5&a3=28   US taxman peers into holiday rental flats City residents who seek to top up their income by letting out their homes to holidaymakers are falling foul of local regulations and tax laws http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/1OS01Y/CM/h?a1=2013&a2=5&a3=28   Markets   Bulls return to lift global equities Stocks moved back into the black after the previous week's wobbles while the yield on the 10-year US Treasury bond reached its highest level for more than a year http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/NRZFYF/CM/h?a1=2013&a2=5&a3=28   Threat of rise in US mortgage rates Accelerating sell-off in market for mortgage-backed securities threatens to raise borrowing costs for American homebuyers http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/OF7NY6/CM/h?a1=2013&a2=5&a3=28   Unprecedented demand for EM paper With debt relatively cheap, companies are taking advantage, with $153bn of issuance this year, the highest on record http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/K9VSW7/CM/h?a1=2013&a2=5&a3=28   Europe's trading tax risks bond backfire Increasing secondary market trading costs would be like governments shooting themselves in the foot http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/IE0Q54/CM/h?a1=2013&a2=5&a3=28   Rand hits four-year low as investors flee South African currency is a heavy casualties of the fall in commodity prices, the strength of the US dollar and a host of domestic factors http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/ULKTJS/CM/h?a1=2013&a2=5&a3=28   Financial Times - Comment   Japan's bumpy road to a recovery Ultimately Abe cannot rely on monetary manipulation and a weaker exchange rate alone, and must tackle the entrenched corporate establishment http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/HIOEMZ/CM/h?a1=2013&a2=5&a3=28   Tories can learn from GOP mistakes It is difficult to get members of your own party to consider your reforms if they think that you do not respect them http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/B4TWC1/CM/h?a1=2013&a2=5&a3=28   Lessons from Rothschild's carrier pigeon In the era of high-frequency trading, as at the Battle of Waterloo, it is differences in perception that offer the real trading opportunities http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/MJARKB/CM/h?a1=2013&a2=5&a3=28   Europe should embrace a financial transaction tax This small levy on churning would help to refocus the financial system on to its purpose of the safe financing of real economic activity http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/ULKTJJ/CM/h?a1=2013&a2=5&a3=28   When blue becomes the new white Unemployment is affecting Chinese graduates with the result many are taking manual jobs or even opting out of the jobs market, says Patti Waldmeir http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/WHYBFI/CM/h?a1=2013&a2=5&a3=28   Financial Times - Management   A vineyard's fine bouquet from Brazil Miolo has achieved success overseas in China and the UK but now the Brazilian wine producer aims to cultivate customers in its home market http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/JQC940/CM/h?a1=2013&a2=5&a3=28   Business with no fixed abode If informality fits your business, you can save money and have happier employees if they labour from home, car or a cool espresso bar http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/B4TWCQ/CM/h?a1=2013&a2=5&a3=28   When do you pull the plug on a project? The BBC said it was shutting down its digital media initiative and writing off almost £100m spent on technology to avoid wasting more money http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/WHYBF3/CM/h?a1=2013&a2=5&a3=28   Last-minute changes to air travel If a late alteration to plans appears likely it is possible to plan for them by buying flexible tickets or a cheap one that can be discarded http://link.ft.com/r/NA70KK/ULZ3XP/HDGAS1/L9YB7R/CWHXV1/CM/h?a1=2013&a2=5&a3=28   Special Reports - FT.com Engineering the Future Arab World: Banking and Finance Rail and Metro Video Lex Pharmaceutical deals A few big deals are being done â€" Actavis buying Warner Chilcott, and Valeant purchasing Bausch & Lomb - but is this the start of another bout of industry consolidation or just more defensive moves? Lex’s Julia Grindell and Vincent Boland discuss. 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