In today's FT: Report blasts ENRC for Congo deals, Hester vows to o...

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/ZE9K33/JQ0FN5/LAZ95F/5CJLMI/   In today's FT Friday May 10 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Financial Times - UK Homepage   Report blasts ENRC for Congo deals Kofi Annan's Africa Progress Panel says the Congo incurred losses of $1.36bn as a result of the alleged undervaluation of state assets in five mining deals http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/LSV3T5/ID/h?a1=2013&a2=5&a3=9   Hester vows to oversee RBS sell-off Chief executive determined to see through transformation of the majority state-owned lender from 'bust bank to normal bank to really good bank' http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/ULX8VB/ID/h?a1=2013&a2=5&a3=9   Dollar hits four-year high against yen Further currency weakness is expected to boost Japanese inflation and push equity and property prices higher, making exporters more competitive http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/B4LYSE/ID/h?a1=2013&a2=5&a3=9   Financial Times - US homepage   Retailer leaps on Microsoft Nook bid talk According to leaked internal documents obtained by TechCrunch, Microsoft is proposing a $1bn offer to buy the digital assets of Nook Media http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/MJ2PHX/ID/h?a1=2013&a2=5&a3=9   JPMorgan sued over credit card debt collecting Thursday's suit echoes the wave of foreclosure-related robo-signing accusations that engulfed big US banks, including JPMorgan, almost three years ago http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/OFZ1G3/ID/h?a1=2013&a2=5&a3=9   Fannie Mae to pay $59bn to US Treasury The latest payout takes the total dividends it has paid to the US Treasury to $95bn after an $116.1bn bailout in 2008 to cover mortgage losses http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/HI6JPV/ID/h?a1=2013&a2=5&a3=9   Financial Times - Europe homepage   Falcone and Harbinger to pay SEC $18m Falcone to be allowed to remain as chief executive and chairman of fund, but accepts bar from acting as an investment adviser for two years http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/6AN4YP/ID/h?a1=2013&a2=5&a3=9   Apple's 'iRadio' talks hit royalties snag Despite signing up Universal, the iPhone maker is still negotiating terms with Sony, while it is close to reaching agreement with Warner http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/EKBQFB/ID/h?a1=2013&a2=5&a3=9   Exports brighten Spain's economic gloom Companies are looking to other markets to survive, but analysts caution that this is not enough to offset the drop in domestic demand http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/IEORU6/ID/h?a1=2013&a2=5&a3=9   Financial Times - Asia homepage   Abenomics propels yen weakness The rise of Abenomics has compelled investors to bet big against the Japanese yen, while also stoking a dramatic rally in Japanese stocks http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/4VRMKU/ID/h?a1=2013&a2=5&a3=9   Equities pause as focus shifts to FX The recent strong run for US and European stocks came to an end as all eyes turned to the currency markets following the dollar's break above the Y100 level http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/A51D96/ID/h?a1=2013&a2=5&a3=9   Chinese cyberspies mean business, says Pentagon Pentagon report on Beijing's military capabilities highlights that every resource is at the state's disposal when it comes to espionage http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/52F5D0/ID/h?a1=2013&a2=5&a3=9   World News - latest world news headlines - FT.com   Gunmen abduct son of ex-Pakistan PM Ali Haider Gilani was seized during an attack on a political rally in Multan, the latest in a series of violent assaults ahead of Saturday's elections http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/HI6JPH/ID/h?a1=2013&a2=5&a3=9   Dynasty's end in sight as Bhutto family loses its grip PPP's feeble campaigning elsewhere and Imran Khan's resurgence have prompted some forecasters to put the PPP in third place nationwide http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/IEORPK/ID/h?a1=2013&a2=5&a3=9   S&P cuts Egypt's credit rating further Downgrade by the rating agency deals another blow to President Mohamed Morsi's government and is a rebuke to Egypt's recent economic efforts http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/1O9A41/ID/h?a1=2013&a2=5&a3=9   Misurata militias exert pressure on Libya The firepower and political influence of the battle-hardened fighters from the coastal city are seen as the most formidable in western Libya http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/7Z3WI7/ID/h?a1=2013&a2=5&a3=9   Chinese film director faces probe over children One of China's most famous film directors faces inquiry after reports he violated mainland's strict family planning policies by having seven children http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/YGIC75/ID/h?a1=2013&a2=5&a3=9   Companies news and analysis - FT.com   Google launches YouTube subscriptions The announcement will give owners of 30 popular channels on the video website an additional revenue stream to supplement income from advertising http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/LSV3TQ/ID/h?a1=2013&a2=5&a3=9   RBS chief focuses on escaping the state Stephen Hester is convinced the lender is entering its last phase of repair from a 'bust bank to normal bank' ahead of reprivatisation http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/XBY0ZA/ID/h?a1=2013&a2=5&a3=9   LNG deal opens door for Texas imports to UK The slump in US natural gas prices caused by the shale boom has opened up potentially lucrative opportunities for sales to Europe and Asia http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/CWTIJ9/ID/h?a1=2013&a2=5&a3=9   Rival telecoms moguls woo Sprint investors US mobile phone industry undergoes a massive round of upheaval, with old rivals partnering up and new entrants looking for seats at the table http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/OFZ1GV/ID/h?a1=2013&a2=5&a3=9   UK watchdog launches probes into KPMG Investigation into whether group was independent when it audited car dealer Pendragon in 2010 and 2011 and regarding shares held by a KPMG partner http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/MJ2PHJ/ID/h?a1=2013&a2=5&a3=9   Markets   Dollar tops Y100 to hit 4-year yen high Jobless data helps dollar break Y100 against the yen, which currency traders have been anticipating since BoJ announced large-scale bond-buying http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/9MUKQQ/ID/h?a1=2013&a2=5&a3=9   Americans ahead in paying down debt Historically, Europeans always had a lower debt ratio than Americans, but those two lines have now crossed http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/IEORU4/ID/h?a1=2013&a2=5&a3=9   Hedge fund bears fight over next crisis Audience hears of potential crises in Japan, China, South Africa, Canada, long-dated sovereign bonds, global banks, even international finance itself http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/Z8EVMX/ID/h?a1=2013&a2=5&a3=9   Gas manipulation fears spark reform calls The current model is unloved by many market participants and losing support from important players. Yet it is also difficult to discard http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/MJ2PHP/ID/h?a1=2013&a2=5&a3=9   EM borrowing costs tumble to record low The benchmark 10-year government bond yields of Poland, Mexico, South Africa and Turkey have all hit a record low this month, and Russia hit a five-year low http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/JQ0F1R/ID/h?a1=2013&a2=5&a3=9   Financial Times - Comment   Democracy is not to blame for populism The anger does reflect a failure of governments. Presidents and prime ministers are discovering that the old levers of power no longer work http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/YGIC7E/ID/h?a1=2013&a2=5&a3=9   The time for a British decision is now It is doubtful that foreign investors would be as interested in the UK if they knew it could not offer equal access to the EU market http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/RP5HOV/ID/h?a1=2013&a2=5&a3=9   Pakistan's last shot at staying democratic The goal of improving the nation's miserable economic situation will entail radical reform, particularly the need to increase tax collection http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/EKBQFT/ID/h?a1=2013&a2=5&a3=9   Machines are replacing men in warfare At some point, the systems themselves will be fully autonomous. Today's pilots may be tomorrow's supervisors and drones will be robots http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/VTK62I/ID/h?a1=2013&a2=5&a3=9   Daydreams of supervising Dimon Amid talk that JPMorgan might find an independent chairman, I find it difficult to think of an actual person who could oversee its chief http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/K9CNL3/ID/h?a1=2013&a2=5&a3=9   Financial Times - Management   From one club to another Rupert Lendrum's past life at Eton, in the army and in the royal household, has made him a model steward for Buck's Club, a London gentlemen's retreat http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/JQ0FUK/ID/h?a1=2013&a2=5&a3=9   Review: Toshiba's Kirabook laptop The Japanese manufacturer's luxury ultrabook that is vying to compete with Apple's high-end models – plus a look at the company's latest external drive http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/IEORU1/ID/h?a1=2013&a2=5&a3=9   The move to make a fair-trade smartphone The FairPhone team aims to set manufacturers an example by applying ethical Fairtrade values and working conditions to the electronics business http://link.ft.com/r/ZE9K33/HI1O6W/BMU6DR/7AONQY/WHDOAT/ID/h?a1=2013&a2=5&a3=9   Special Reports - FT.com The Business of Formula One New Trade Routes: Turkey Central & eastern Europe: Banking and Finance Future of the European Union Video Lex Japan's dash for trash The Bank of Japan has turned on the printing presses and stock market winners should be clear. But as James Mackintosh, investment editor, explains, once the yen collapse is filtered out, signs of belief in an economic renaissance are hard to see. 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..