In today's FT: Watchdog probes 1m US swap contracts, Bloomberg user...

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/G8OTZZ/K9CLO2/1JR63V/72FH4Q/   In today's FT Tuesday May 14 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   Watchdog probes 1m US swap contracts Authorities are squeezing unregulated derivatives dealing in markets from commodities to interest rates in the wake of the financial crisis http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/MJ2H73/T3/h?a1=2013&a2=5&a3=13   Bloomberg users' messages leaked online Two long lists of confidential Bloomberg messages between traders at dozens of and their clients have been online for several years http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/DXHR8E/T3/h?a1=2013&a2=5&a3=13   Cameron to rush out draft bill on EU vote Any referendum put before parliament could succeed only if Labour and Lib Dems supported it – an unlikely scenario since both have criticised poll http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/B4LSHZ/T3/h?a1=2013&a2=5&a3=13   Financial Times - US homepage   US hedge funds turn bullish on the euro 'They have done enough, we don't see a collapse as a likely scenario in the near term any more,' says the head of one large hedge fund http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/WHDAE1/T3/h?a1=2013&a2=5&a3=13   Paris turns to smartphone 'culture' tax Trenchant defence of the 'exception culturelle' in the digital age proposes imposing a tax of up to 4% on the sale of devices http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/GY830R/T3/h?a1=2013&a2=5&a3=13   Glass Lewis hits out at Goldman pay plan In report sent to Goldman shareholders, Glass Lewis reversed guidance it gave last year when 94% of shareholders voted in favour of executive pay plan http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/9MUQLU/T3/h?a1=2013&a2=5&a3=13   Financial Times - Europe homepage   Petrobras bond sale sets record The record-setting corporate debt sale from emerging markets comes as Brazilian companies are taking advantage of a rally in global corporate bonds http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/OFZGMI/T3/h?a1=2013&a2=5&a3=13   Tata Steel reveals $1.6bn writedown Weak European economy blamed for record writedown by an Indian company, as chronic overcapacity across the continent hits steelmakers http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/DXHR8Q/T3/h?a1=2013&a2=5&a3=13   Google's antitrust settlement criticised The deal, intended to make the search engine titan list more competitors' services, contains loopholes that will undermine its impact, opponents say http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/JQ01VK/T3/h?a1=2013&a2=5&a3=13   Financial Times - Asia homepage   Sharif to stay close to Pakistan generals Although an army general has not formally run Pakistan since Musharraf's departure, the armed forces maintain a grip on foreign and defence policy http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/K9CL28/T3/h?a1=2013&a2=5&a3=13   Retailers to sign Bangladesh safety pact Agreement was initiated by two labour groups and includes independent safety inspections and a requirement for retailers to pay for factory repairs http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/52FDPI/T3/h?a1=2013&a2=5&a3=13   AP accuses US officials over press freedom Obama administration has launched at least six prosecutions over the unauthorised disclosure of information, more than any other administration http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/6ANYUV/T3/h?a1=2013&a2=5&a3=13   World News - latest world news headlines - FT.com   Saudis welcome US shale boom Alternative sources had helped ease fears about excessive Mideast reliance, and encouraged 'pragmatic and rational' energy policy, says Aramco http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/FDGNO3/T3/h?a1=2013&a2=5&a3=13   Luxembourg move holds up EU tax deal Luxembourg has softened opposition to automatic sharing of tax information but latest impasse sets stage for political showdown at EU summit http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/PN7843/T3/h?a1=2013&a2=5&a3=13   Obama voices anger at tax probe allegations President speaks out as House ways and means committee announces Friday hearing into claims that tax authorities targeted conservative groups http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/9MUQTW/T3/h?a1=2013&a2=5&a3=13   Todd looked up suicide on web, inquest told A coroner's inquiry, which opened on Monday, comes after uncertainty over the fate of US engineer who worked for a Singapore government research agency http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/4VRK3C/T3/h?a1=2013&a2=5&a3=13   Merkel faces scrutiny over Communist past Book claims German chancellor was in charge of propaganda and agitation as a member of GDR's youth organisation http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/YGI7QJ/T3/h?a1=2013&a2=5&a3=13   Companies news and analysis - FT.com   Ecclestone's future may soon be decided German prosecutors say they have completed their inquiry into bribery allegations against the F1 supremo and will reveal their conclusions imminently http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/4VRK3V/T3/h?a1=2013&a2=5&a3=13   Algorithms threaten to end 'Mad Men' era Technology that mimics stock exchanges and allows the buying and selling of ads in real time forces industry to rethink the old ways of doing business http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/NRAB75/T3/h?a1=2013&a2=5&a3=13   Verizon Wireless in $7bn payout to parents Payout removes potential source of friction between the corporate parents at a time when Verizon Communications is seeking to buy Vodafone's 45% stake http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/JQ01V2/T3/h?a1=2013&a2=5&a3=13   Dell committee asks Icahn to clarify offer In a letter, the committee asks the activist investor and the PC maker's biggest shareholder for eight clarifications and additional materials http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/FDGNOR/T3/h?a1=2013&a2=5&a3=13   Basel III drives Europe banks' cash calls In contrast to the US, the continent's banks are issuing shares to build core tier one ratios, but analysts cautious of dilution and asset risk http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/4VRKN1/T3/h?a1=2013&a2=5&a3=13   Markets   US data encourage Asian markets Most stocks gain as an unexpected rise in retail sales bolsters confidence in US economy, but Nikkei takes a breather as yen fall stalls http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/52FD3T/T3/h?a1=2013&a2=5&a3=13   Repsol issues 7-year bond with record low yield Spanish oil and gas group 'taking advantage of favourable market conditions' http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/FDGN61/T3/h?a1=2013&a2=5&a3=13   US housing groups to launch IPOs Companies that rent to single families are preparing to list as their private equity and hedge fund owners take advantage of investor interest http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/WHDAIW/T3/h?a1=2013&a2=5&a3=13   Soft commodities languish after glut It is a lot easier for growers to increase production in response to rising prices than to cut it when prices fall, so the price weakness could last http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/SU40XQ/T3/h?a1=2013&a2=5&a3=13   American investors should think local Data increasingly refute the popular belief that they offer the best growth – earnings predictions are too optimistic, writes Richard Bernstein http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/GY83O5/T3/h?a1=2013&a2=5&a3=13   Financial Times - Comment   Obama is right to stay out of Syria The US president is taking a position – and it is not the easy option. Sometimes the best decisions are decisions not to act, writes Gideon Rachman http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/DXHRGB/T3/h?a1=2013&a2=5&a3=13   The Tories have become ungovernable Drama is giving way to farce. Having run out of big things to ask for, the demands of eurosceptic backbenchers are now plain odd, writes Janan Ganesh http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/87PE1N/T3/h?a1=2013&a2=5&a3=13   Shareholders should pay for their votes Quadratic vote-buying would reflect the intensity of investors' interests and ensure that, under reasonable conditions, only efficient corporate decisions are made http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/6ANYUD/T3/h?a1=2013&a2=5&a3=13   Reform can ward off a Chinese revolution Without constitutional rule, China will struggle to break free from the cycles of turbulence that have dominated its history, says Deng Yuwen http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/3CJXFS/T3/h?a1=2013&a2=5&a3=13   Graft gets your goat in India With a general election in prospect, unscrupulous politicians start looking to animal spirits to protect their interests, writes James Crabtree http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/HI6PCP/T3/h?a1=2013&a2=5&a3=13   Financial Times - Management   An odd corporate vehicle in China The experience of carmakers that entered into joint ventures with local partners reveals the challenges of getting it right, writes Andrew Hill http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/6ANYPP/T3/h?a1=2013&a2=5&a3=13   Engaging with a company's users High-end Italian motorcycle manufacturer Ducati tapped the power of fans, developing a community that helped the company increase its profitability http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/87PE16/T3/h?a1=2013&a2=5&a3=13   Kobo's 'gift of reading' campaign Canadian company behind the Aura ereader promotes the very products it is trying to replace in a Mother's day ad, http://link.ft.com/r/G8OTZZ/SUV99L/QFZDL0/TURIHO/20SWFV/T3/h?a1=2013&a2=5&a3=13   Special Reports - FT.com Executive Education Innovation and the Economy The Business of Formula One New Trade Routes: Turkey Video Lex Elan's poison pill Elan, the Irish drug company, is fending off a hostile bid by Royalty Pharma by buying royalties itself â€' a $1bn investment in Theverance, a speciality respiratory drug company. Lex's Stuart Kirk and Vincent Boland discuss whether the strategy will work. 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..