World news: Grim view for Iran industries ahead of poll, Tehran ...
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World news briefing:
Thursday May 30 2013
World News - latest world news headlines - FT.com
Grim view for Iran industries ahead of poll
Industries suffer from policies of President Ahmadi-Nejad and sanctions, but presidential candidates in forthcoming poll offer little hope of change
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/FD8Q5Z/AZ/h?a1=2013&a2=5&a3=30
Tehran puts focus on diplomacy with Damascus
Iran's alliance with Syria has allowed it to project power into the Levant, in part by facilitating arms supplies to Lebanese militant group Hizbollah
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/EKGEMO/AZ/h?a1=2013&a2=5&a3=30
Swiss outline plan to relax bank secrecy law
Bern proposes law that would make it possible for Swiss banks to reach individual settlements with US authorities
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/PNM1SJ/AZ/h?a1=2013&a2=5&a3=30
Brussels steps up pressure on Hollande
European Commission gives list of demands for Paris including public spending cuts, in return for two extra years for France to meet budget targets
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/SUWHR5/AZ/h?a1=2013&a2=5&a3=30
Philippines economic growth hits 7.8%
Philippines growth expanded faster than expected at an annualised 7.8% in the first quarter, lifted by strong manufacturing and construction sectors
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/SUWHRZ/AZ/h?a1=2013&a2=5&a3=30
Deficit easing exposes rifts in Italy
Enrico Letta, prime minister, is caught between honouring Italy's fiscal commitments to Brussels while finding the funds needed for tax cuts
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/4VF78F/AZ/h?a1=2013&a2=5&a3=30
IMF says Abenomics not sparking capital inflows
The International Monetary Fund says there is little evidence Japan's monetary easing is spilling over into excessive liquidity in other countries
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/MJA3IW/AZ/h?a1=2013&a2=5&a3=30
EU economies win budget deficit reprieve
Brussels slows the pace of austerity but warns the bloc is still unlikely to produce solid economic growth in the near term amid growing danger of social unrest
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/GY694H/AZ/h?a1=2013&a2=5&a3=30
US house prices rise as fewer lose homes
Importantly for the health of the economy, some of the biggest reductions in mortgage problems were in states with the most troubled housing markets
http://link.ft.com/r/G8OTZZ/XB4BIK/26QPAK/R3J2RI/20JABB/AZ/h?a1=2013&a2=5&a3=30
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