Asia AM: Doubts over Fed’s QE3 spark dollar fall, ECB action ...
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Asia AM
Friday June 07 2013
Financial Times - Asia homepage
Doubts over Fed's QE3 spark dollar fall
The move followed a euro rally after the ECB kept interest rates on hold at its monthly meeting and raised its forecasts for growth in the eurozone next year
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/XBIEKV/GX/h?a1=2013&a2=6&a3=6
ECB action calmed markets, Draghi says
Bank president Mario Draghi defends controversial outright monetary transactions scheme as legal action over the programme looms in Germany
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/SUWXMP/GX/h?a1=2013&a2=6&a3=6
Record outflows from US junk bond funds
US high-yield funds saw a record $4.63bn in outflows for the week ending on Wednesday, according the Lipper, illustrating investor anxiety
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/A5LTP7/GX/h?a1=2013&a2=6&a3=6
US agencies logged calls and internet
Reports that the National Security Agency and the Federal Bureau of Investigation are tapping into the central servers of nine of the US's biggest internet companies follow the confirmation the administration had compelled Verizon to had over record
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/7ZPUFW/GX/h?a1=2013&a2=6&a3=6
S&P cuts outlook on Brazil sovereign rating
Slow economic growth and expansionary fiscal policy that was likely to lead to rise in government debt burden were among factors behind surprise move
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/20JRQC/GX/h?a1=2013&a2=6&a3=6
Big Tobacco bets a packet on e-cigarettes
Reynolds' move into e-smoking comes as the industry steps up its investment in alternatives to traditional cigarettes
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/DXBG1M/GX/h?a1=2013&a2=6&a3=6
Obama's gambit to forge rapport with Xi
Core idea behind summit is that looming competition between the countries can be better managed if their leaders can have an open discussion
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/WHYIX0/GX/h?a1=2013&a2=6&a3=6
Beijing's Wanda closes in on UK's Sunseeker
The acquisition of the yachtmaker highlights the growing number of Chinese companies trying to acquire top-end brands and technology in Europe
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/K9V2O9/GX/h?a1=2013&a2=6&a3=6
Aditya Birla pursues growth outside India
Kumar Mangalam Birla, chairman of Aditya Birla, says the group will delay capital expenditure but will seek investment opportunities abroad
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/CWHB1Y/GX/h?a1=2013&a2=6&a3=6
Thai trader charged over Smithfield orders
SEC alleges that Badin Rungruangnavarat made a $3.2m profit by buying securities ahead of the US pork producer's announcement of a deal with Shuanghui
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/OF7M2P/GX/h?a1=2013&a2=6&a3=6
Financial Times - US homepage
Investors chilly over Facebook prospects
Shares have dipped nearly 21% in the past month on a string of negative news and concerns about the group's long-term business prospects
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/20JREH/GX/h?a1=2013&a2=6&a3=6
BofA executives hostile in mortgage talks
BofA's outside counsel said if bondholders tried to sample files that 'our grandchildren would have grandchildren before a trust would receive a dollar of recovery'
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/ULKD4H/GX/h?a1=2013&a2=6&a3=6
Foreign derivatives push divides US regulator
Comments from three of five CFTC commissioners came as Gary Gensler was giving a speech outlining the need to pass the cross-border guidance
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/T1XKMF/GX/h?a1=2013&a2=6&a3=6
Financial Times - UK Homepage
Security alert over Huawei telecoms deal
Parliament's intelligence and security committee 'shocked' that Whitehall officials failed to tell ministers about BT's use of Chinese equipment
http://link.ft.com/r/VKY5JJ/IEHV1W/LQ05NB/GD47BD/52N3J0/GX/h?a1=2013&a2=6&a3=6
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