Asia AM: Bernanke sees 2014 end for QE3, Treasuries tumble on...


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Financial Times
Asia AM
Thursday June 20 2013

Financial Times - Asia homepage
 
Bernanke sees 2014 end for QE3
Chairman says the Fed may slow its pace of asset purchases this year, assuming its expectations for an improved economic outlook hold true
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/IECTS7/SN/h?a1=2013&a2=6&a3=19
 
Treasuries tumble on Bernanke comments
US bonds and equities fall sharply after the Federal Reserve says it could start tapering its asset purchases this year if the economy continues to improve
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/VTY78H/SN/h?a1=2013&a2=6&a3=19
 
US eyes prosecution of foreign cyber thieves
Any charges would mark an escalation in the US response to what it has said is a growing number of attacks by foreign hackers on US businesses and government
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/7ZU956/SN/h?a1=2013&a2=6&a3=19
 
Brazilian states in U-turn to defuse protests
Thousands of people in the city of Fortaleza protested at a football match in the Confederations Cup, the warm-up tournament for the World Cup
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/ULDZGO/SN/h?a1=2013&a2=6&a3=19
 
Microsoft to scrap Xbox One restrictions
Ahead of the One's launch in the fourth quarter, the core audience has been antagonised by proposed restrictions and the emphasis on entertainment
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/Q34CLN/SN/h?a1=2013&a2=6&a3=19
 
China cash crunch deepens as PBOC stalls
A battle of wills is developing between China's central bank and some of the country's lenders as short-term interbank rates hit new record highs
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/3CFYZ7/SN/h?a1=2013&a2=6&a3=19
 
Japan exports data offer boost to Abe
Exports rose 10.1% in the year to May as weak yen and moderate rise in global demand add to nation's stimulus policies designed to revive economy
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/LSAGNF/SN/h?a1=2013&a2=6&a3=19
 
Obama ready to cut US nuclear weapons
US president uses the occasion of his first official visit to Berlin to call for a push on disarmament and a new global combat on climate change
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/FD6UEA/SN/h?a1=2013&a2=6&a3=19
 
Indonesian fires fuel Singapore pollution
Forest fires on the Indonesian island of Sumatra send pollution in neighbouring Singapore soaring to the highest level in 16 years
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/ULDZGU/SN/h?a1=2013&a2=6&a3=19
 
Apple ebook court case nears final chapter
Apple points to figures that show that price for ebooks in the 'relevant market' of best sellers and new releases fell
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/B4HFDD/SN/h?a1=2013&a2=6&a3=19
 

Financial Times - US homepage
 
ABN Amro broker to settle CFTC charges
Shortfall of customer accounts worth tens of millions of dollars to revive questions about the security of clients' assets in futures markets
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/20RDA7/SN/h?a1=2013&a2=6&a3=19
 
NBA viewers a touch down on football
Audiences for broadcasts of Finals games are about half what they were in 1998 broadcast between the Chicago Bulls and the Utah Jazz
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/DXG3YM/SN/h?a1=2013&a2=6&a3=19
 
America's shameful shakedown of BP
Gulf settlement should be fair rather than the exercise in extortion that stretches unduly the interpretation of what constitutes a valid claim
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/XBE5O8/SN/h?a1=2013&a2=6&a3=19
 

UK Homepage
 
Osborne looks at 'bad bank' for RBS
Chancellor tells Mansion House the Treasury 'actively considering' how to start sale of Lloyds, while more radical restructuring may be needed at RBS
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/1OJKVH/SN/h?a1=2013&a2=6&a3=19
 
PRA identifies £26bn bank capital holes
UK regulator is poised to reveal a £26bn capital holes at the country's lenders, with 90% of the total accounted for by RBS, Lloyds and Barclays
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/VTY7GN/SN/h?a1=2013&a2=6&a3=19
 
UK widens scrutiny of hedge funds
Financial regulator is to examine activities of US funds with operations in the UK and vet senior appointments with 'significant influence functions'
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/DXG3Y2/SN/h?a1=2013&a2=6&a3=19
 
Dolce and Gabbana guilty of tax evasion
Two Italian fashion designers have been handed suspended sentences and a nearly €500m fine by a court in Milan for evading taxes
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/RPWVTP/SN/h?a1=2013&a2=6&a3=19
 
Switzerland shoots down US tax deal
Rejection raises possibility the US will take more action against Swiss banks – an outcome the government and financial sector are desperate to avoid
http://link.ft.com/r/OZMCDD/LS6VMK/PRAK1O/WTUMQ1/LSAGNE/SN/h?a1=2013&a2=6&a3=19
 
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