Asia AM: Companies scramble for consumer data, US pushed EU t...
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Asia AM
Thursday June 13 2013
Financial Times - Asia homepage
Companies scramble for consumer data
Surveillance has developed into multibillion-dollar industry conducted by largely unregulated companies that obtain information from web searches
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/WHYUTV/6C/h?a1=2013&a2=6&a3=12
US pushed EU to dilute data protection
Measure would have nullified any US request for technology and telecoms companies to hand over data on European citizens
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/4VF6CO/6C/h?a1=2013&a2=6&a3=12
Forex fixing hits regulator's radar
Fixing of widely used benchmark not ideal but best of all bad solutions and comparisons to Libor scandal are wide of the mark, say traders
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/RP4R3L/6C/h?a1=2013&a2=6&a3=12
Brazil acts after real hits four-year low
The measure was the second such move in a week to dismantle currency controls as the government sounds a rapid retreat from its earlier 'currency war'
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/87UVA0/6C/h?a1=2013&a2=6&a3=12
US auction raises hopes on repo failures
Failed repo trades that involve US Treasuries as collateral jumped from $14.5bn to $58.5bn in the week to May 29, reawakening systemic risk worries
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/WHYUTO/6C/h?a1=2013&a2=6&a3=12
Kering takes new luxe to China
The owner of brands from Gucci to Bottega Veneta is pinning its future in China on a distinctive identity and winning offering for customers
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/OF79RT/6C/h?a1=2013&a2=6&a3=12
Hester to step down as RBS chief
Standard Chartered finance chief Richard Meddings said to be among those indirectly approached as a successor
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/FD84KF/6C/h?a1=2013&a2=6&a3=12
India's Apollo in $2.5bn deal for Cooper Tire
All-cash purchase of Cooper Tire, one of the largest US tyre makers, is the latest sign of the growing international focus on the car sector
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/HIOXDX/6C/h?a1=2013&a2=6&a3=12
Erdogan's defiant Gezi critics dig in
Jacketed stewards marshal people as they press forward with donations destined for a makeshift clinic erected and staffed by volunteer medics
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/WHYULP/6C/h?a1=2013&a2=6&a3=12
Microsoft tries to stay ahead of the game
In going ahead with its console plan, Microsoft has at least done better than even its fans had a right to expect and given Sony a run for its money
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/SUWF3S/6C/h?a1=2013&a2=6&a3=12
Financial Times - US homepage
Safeway accepts $5.7bn offer for Canada stores
Robert Edwards, Safeway chief executive, said that the group would use the cash from the deal to pay down $2bn of debt and buy back shares
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/3CR80Z/6C/h?a1=2013&a2=6&a3=12
MPs demand Google tax revamp
Public accounts committee says Google put profit from UK out of reach of its tax system and criticised the Revenue for failing to take a tougher stance
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/T1XNUT/6C/h?a1=2013&a2=6&a3=12
Financial Times - UK Homepage
Welby sees 'bubble of self-regard' in City
Archbishop warned of a dystopian future in which "international banks remain in an ever more prosperous City", served by a "disenfranchised population"
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/LS2I9P/6C/h?a1=2013&a2=6&a3=12
UK regulator investigates FX rates trade
The UK markets watchdog has launched a preliminary investigation into foreign exchange rates trading, amid alleged manipulation of benchmark rates
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/CWH74W/6C/h?a1=2013&a2=6&a3=12
Over-65 Britons in work top 1m for first time
Older workers' employment levels have been growing for two decades, driven by longer and healthier lives, as well as financial concerns
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/Z8QTGG/6C/h?a1=2013&a2=6&a3=12
Vodafone in Kabel Deutschland talks
UK mobile group makes a preliminary approach to Germany's largest cable operator, which has a market capitalisation of €6.6bn
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/RP4R3N/6C/h?a1=2013&a2=6&a3=12
ECB warns against debate on its mandate
Weidmann tells German constitutional court he fears central bank's free room for manoeuvre will eventually lead to stability risks
http://link.ft.com/r/XYEWFF/FDLD2C/LQ05NB/9725KH/JQCDE9/6C/h?a1=2013&a2=6&a3=12
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