Asia AM: EM assets hit in fierce market sell-off, Fears of QE...


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Financial Times
Asia AM
Wednesday June 12 2013

Financial Times - Asia homepage
 
EM assets hit in fierce market sell-off
As yield on benchmark 10-year Treasury touched highest level in 14 months, Indian rupee hit record against US dollar and the rand its lowest in four years
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/EKGZBY/D5/h?a1=2013&a2=6&a3=11
 
Fears of QE3 slowdown drive Treasury rates up
Surge in inflation-adjusted yields highlights investor expectations of moves to slow the $85bn-a-month, third round of quantitative easing
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/T1XJWH/D5/h?a1=2013&a2=6&a3=11
 
Turkish police storm Taksim Square
Hundreds of police wearing gas masks used tear gas and water cannons to remove the protesters from the central square in Istanbul
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/JQCW0F/D5/h?a1=2013&a2=6&a3=11
 
Dimon pledges to fight Whale suits
Return to more combative style after JPMorgan chief received resounding vote of confidence from shareholders at annual meeting last month
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/1OSL94/D5/h?a1=2013&a2=6&a3=11
 
Tech groups urge US to ease security gag
Move follows broader effort by technology companies and advocacy groups in demanding more transparency around US spying programmes
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/9M10UJ/D5/h?a1=2013&a2=6&a3=11
 
Apple bonds lose 9% in six weeks
Tech giant tapped market for largest debt fundraising to date on April 30, but sharp turn in interest rates has wiped hundreds of millions off value
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/IE04O1/D5/h?a1=2013&a2=6&a3=11
 
Investors vent fury at Facebook meeting
Zuckerberg expresses disappointment over depressed stock price, which remains about 40% below issue price of $38 more than a year ago
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/ULKRX6/D5/h?a1=2013&a2=6&a3=11
 
Dish's spoiling tactics left in tatters
SoftBank steals march for Sprint Nextel with an improved offer, compromising Dish's chances of acquiring the US wireless provider
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/CWH2TX/D5/h?a1=2013&a2=6&a3=11
 
Shuanghui explores funding for US deal
With tight capital controls at home, Chinese group's acquisition of debt-heavy pork producer could be financed through listing in Hong Kong
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/FD87GP/D5/h?a1=2013&a2=6&a3=11
 
S Korean women struggle in workforce
Women face many hurdles in the workplace as South Korea struggles to boost the female employment rate, which stands at just 55 per cent
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/EKGZBE/D5/h?a1=2013&a2=6&a3=11
 

Financial Times - US homepage
 
Bloomberg proposes $19.5bn NY storm plan
Mayor proposes far-reaching measures designed to protect city from rising sea levels, more frequent storms, hotter temperatures and other effects of climate change
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/WHYNDC/D5/h?a1=2013&a2=6&a3=11
 
US warns EU on French culture protection
EU diplomats insist they are not violating promise to avoid excluding any trade issue, since audio-visual industries can still be discussed
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/OF7IZB/D5/h?a1=2013&a2=6&a3=11
 

Financial Times - UK Homepage
 
German heavyweights clash over euro plan
Constitutional court hearings are regarded as a barometer of German sentiment about eurozone crisis measures in run-up to September election
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/B4TVL4/D5/h?a1=2013&a2=6&a3=11
 
Nokia to stop shipping Symbian phones
Finnish group to end deliveries of last homegrown platform, leaving its fortunes resting entirely on Microsoft's fledgling Windows Mobile software
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/T1XJWZ/D5/h?a1=2013&a2=6&a3=11
 
Greece pulls plug on state broadcaster
All 2,650 employees will be made redundant but can apply for jobs with a new public TV and radio station, expected to hire fewer than 1,200 workers
http://link.ft.com/r/WDI4RR/WH5UN0/PRAK1O/JEDIM4/VTDFKC/D5/h?a1=2013&a2=6&a3=11
 
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