In today's FT: Gulf in fees paid by council pensions, Trident UK’s ...

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/M2ZOXX/SUWPE9/Q4WND1/40S17Y/   In today's FT Tuesday May 28 2013 Financial Times - UK Homepage   Gulf in fees paid by council pensions Growing political debate over whether local authority pension funds, which manage some £180bn on behalf of 4.6m people, should be forced into mergers http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/OF7REZ/SN/h?a1=2013&a2=5&a3=27   Trident UK's best option, says review Long-awaited Alternatives Review to conclude next month that other proposals are more costly or impractical, threatening to provoke a coalition split http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/SUWPJ5/SN/h?a1=2013&a2=5&a3=27   German blow to EU action against China Berlin's resistance has undermined position of trade commissioner De Gucht as he confronts Beijing in the EU's biggest ever trade investigation http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/52NV8E/SN/h?a1=2013&a2=5&a3=27   Financial Times - US homepage   Brussels agrees to lift Syria arms embargo Meeting lays bare divisions within bloc as Britain and France prevail because – without unanimous agreement – a broader package of sanctions against Syria would have expired http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/OF7REN/SN/h?a1=2013&a2=5&a3=27   Safety fears put brake on tech drive Carmakers are optimistic that a range of new technologies can square the safety and integration circle by allowing safe phone use http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/MJASYL/SN/h?a1=2013&a2=5&a3=27   Valeant in $8.7bn Bausch & Lomb deal Deal is largest in about 60 acquisitions since Pearson took charge at Valeant, boosting the group's share price after takeovers fuelled by debt http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/NRZJI4/SN/h?a1=2013&a2=5&a3=27   Financial Times - Europe homepage   'Cov-lite' loans soar in dash for yield Proportion of loans without covenants soars to more than half of all leveraged loan issuance this year, twice the level during the 2007 credit boom http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/GY6D5P/SN/h?a1=2013&a2=5&a3=27   Club Med to be taken over in €556m deal Shares in French holiday resort group jump after biggest shareholders Axa Private Equity and Fosun International launch friendly offer http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/6A326U/SN/h?a1=2013&a2=5&a3=27   Malnourishment cost estimated at $125bn The risk to children causes a serious 'brake' on progress in emerging economies, charity says in its study, which monitored 3,000 infants http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/T1XURM/SN/h?a1=2013&a2=5&a3=27   Financial Times - Asia homepage   China eyes carbon emissions cap Official Jiang Kejun says that Beijing is looking at tough controls on pollution, indicating a shift of position that could help boost UN climate talks http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/1OS6TE/SN/h?a1=2013&a2=5&a3=27   'Comfort women' gaffe wounds Osaka mayor Once seen as a potential kingmaker, Toru Hashimoto has been outflanked by prime minister Shinzo Abe on issues of nationalism and Japan's standing http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/NRZJIB/SN/h?a1=2013&a2=5&a3=27   Investors pour big sums into US biotech Resurgent mood in the US equity market proves a boon for biotech groups as at least seven are said to be preparing a float in the coming months http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/OF7REX/SN/h?a1=2013&a2=5&a3=27   World News - latest world news headlines - FT.com   Hizbollah's Syria role seen as alienating A far more secure future for the party is to be part of a national Lebanese project, necessitating more agreement, not discord, with Beirut rivals http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/6A326X/SN/h?a1=2013&a2=5&a3=27   Kuwaiti oil chief quits over Dow payout Hanni Hussein resigns over $2.2bn reimbursement after petrochemical joint venture is scrapped, undermining Gulf state's push for foreign investment http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/PNMFQG/SN/h?a1=2013&a2=5&a3=27   Belfast developer seized in Senegal Henry Fitzsimons is accused of trying to invest IRA proceeds along with the Mafia in property projects aimed at unsuspecting British and Spanish investors http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/DXBWZV/SN/h?a1=2013&a2=5&a3=27   AU accuses Hague court of 'chasing' Africans The court has previously dismissed claims of racism, by pointing to the fact that the referrals come from Africans themselves http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/52NV88/SN/h?a1=2013&a2=5&a3=27   Anger as Dutch pension funds cut payouts The loss of income to pensioners has dealt a further blow to a Dutch economy that has already shrunk 1 per cent over the past year http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/Q35N9E/SN/h?a1=2013&a2=5&a3=27   Companies news and analysis - FT.com   Hedge funds call for RHJI break-up Letter to the RHJI points out company's failings, offers resolutions that include ousting its board and calls for the return of cash to shareholders http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/CWH4AP/SN/h?a1=2013&a2=5&a3=27   Co-op appoints former HSBC executive Niall Booker says there are 'no quick fixes' as it is announced that he is to replace Barry Tootell as head of the mutual group's banking arm http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/4VFCGZ/SN/h?a1=2013&a2=5&a3=27   Crown Estate in tie-up with Canadian fund Queen's property group and Oxford Properties, the real estate division of Omers, are to develop the St James's Market area of London http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/PNMFQD/SN/h?a1=2013&a2=5&a3=27   Investors bet on biotech success One of Wall Street's riskiest gambles becomes more mainstream with the recent success of larger publicly traded biotech companies driving interest http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/20JOHR/SN/h?a1=2013&a2=5&a3=27   Turbomeca's lesson for French industry Second feature of a four-part series: how Europe's manufacturers survived the eurozone crisis and whether they are fit to face Asian and US competition http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/SUWPR3/SN/h?a1=2013&a2=5&a3=27   Markets   Asian shares mixed as Nikkei rebounds The MSCI Asia Pacific index falls for fifth consecutive session, amid expectations that the US Federal Reserve will soon wind down its bond purchases http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/JQCEXK/SN/h?a1=2013&a2=5&a3=27   Efficiency is critical for Canada's oil sands Oil sands have put Canada on the map as an energy superpower but the industry faces pressure from the US's shale revolution and environmental concerns http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/PNMFQW/SN/h?a1=2013&a2=5&a3=27   Singapore cements offshore renminbi ambitions Singapore is to become an offshore centre for the use of the renminbi as HSBC and StanChart issue bonds denominated in the Chinese currency http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/HIOY4S/SN/h?a1=2013&a2=5&a3=27   Top shareholder seeks ouster of JKX chief Ukranian billionaire Igor Kolomoisky calls on other investors to oppose the re-election of Paul Davies at the oil group's annual meeting next month http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/3CR0BD/SN/h?a1=2013&a2=5&a3=27   Fed tapering to dent S&P 500 growth targets Analysts remain bullish on US equities despite the risk of slowing growth and a rollback in the Federal Reserve's bond buying programme http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/3CR0B7/SN/h?a1=2013&a2=5&a3=27   Financial Times - Comment   Actions not words are what matter on Syria There is no 'western' view on the crisis. As the bitter debate on whether to lift the EU arms embargo reveals, European countries are deeply divided http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/Q35NSR/SN/h?a1=2013&a2=5&a3=27   Knee-jerkers are liberals in terror debate Britain has tightened security laws at many moments without becoming an unfree country. And policy does not move in one direction http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/WHYTPT/SN/h?a1=2013&a2=5&a3=27   Germany must lead on bank resolution Berlin's proposal for banking union is a vital step for the eurozone but it must first apply the necessary principles to its own troubled lenders http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/XBIHP8/SN/h?a1=2013&a2=5&a3=27   EU should drop financial transaction tax The FTT seems incapable of discriminating between desirable and undesirable trading activity, and risks unintended consequences for market quality http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/GY6D56/SN/h?a1=2013&a2=5&a3=27   IPL dramas leave cricket stumped The sport now resembles those many other sections of India's economy that are hobbled by feuding and tainted by scandal http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/GY6D5W/SN/h?a1=2013&a2=5&a3=27   Financial Times - Management   Corporate, not closeted Many companies have made strides in changing the culture in order to help lesbian, gay and bisexual employees to feel comfortable being open at work http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/A5LMV5/SN/h?a1=2013&a2=5&a3=27   Are tech bosses the next public enemies? Like banks, technology companies are protected by a bubble of their own making and their representatives often exude a sense of entitlement http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/FD8KM7/SN/h?a1=2013&a2=5&a3=27   Whitney Museum's new logo The New York art centre's 'responsive W' is supposed to illustrate the institution's 'ever-changing nature' but some critics are unimpressed http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/DXBWZQ/SN/h?a1=2013&a2=5&a3=27   Social commerce strategies The innovative ecommerce start-up Wishbuuk showed that it is possible to convert online followers into paying customers http://link.ft.com/r/M2ZOXX/06X1BJ/A7P8KJ/AM29F6/Z8QG1X/SN/h?a1=2013&a2=5&a3=27   Special Reports - FT.com Arab World: Banking and Finance Rail and Metro Golf Video Lex SAB Miller's results SABMiller’s results prove it is doing well. Sales volumes have started to improve in Australia after acquiring Fosters. Lex’s Vincent Boland and Julia Grindell talk about SABMiller’s steady profit growth and its incoming chief executive Alan Clark. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..