Asia AM: Gillard ousted by Rudd ahead of poll, Gold off sharp...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/EB8122/MJZXLT/K2AQM8/YHDR05/   Asia AM Thursday June 27 2013 Financial Times - Asia homepage   Gillard ousted by Rudd ahead of poll Australia's first female prime minister loses leadership contest to Kevin Rudd but he cannot take over until he proves he can form government http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/20R1WT/CM/h?a1=2013&a2=6&a3=26   Gold off sharply as investors rush for exit Yellow metal on track for biggest quarterly decline since collapse of Bretton Woods system in 1971 http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/4VNTDV/CM/h?a1=2013&a2=6&a3=26   Twin court victories for gay Americans Historic ruling compels federal government to recognise gay and lesbian couples who have legally married in a state that sanctions same-sex wedlock http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/3CFLKO/CM/h?a1=2013&a2=6&a3=26   US rate volatility sparks surge in junk-rated debt yields Average yield for lower-quality rated company bonds was on the cusp of rising above 7% on Wednesday for the first time in almost a year http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/8718Q5/CM/h?a1=2013&a2=6&a3=26   Buy America laws raise hurdles in European talks 'What we are trying to establish in negotiations is free trade . . . that means not discriminating between European goods and American counterparts' http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/ULDSVD/CM/h?a1=2013&a2=6&a3=26   Rome launches probe into derivatives Inquiry into reports that state faced potential losses of billions of euros on contracts that were restructured during the eurozone debt crisis http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/6APBY1/CM/h?a1=2013&a2=6&a3=26   Commodities traders call end of the supercycle Most commodity prices have fallen dramatically. Since their respective peaks in 2011, copper prices are down 35%, iron ore prices 40%, and gold 36% http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/1OJUWV/CM/h?a1=2013&a2=6&a3=26   Walmart hit by departure of its India head Sudden departure of Raj Jain prompts a leadership change and marks the latest setback for the US retailer's plans for aggressive expansion in India http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/K924L7/CM/h?a1=2013&a2=6&a3=26   China's Xinjiang riots leave 27 dead Knife-wielding mobs attacked police stations in Lukqun township, leaving 17 dead including policemen, before authorities shot and killed 10 rioters http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/RPWEOY/CM/h?a1=2013&a2=6&a3=26   China hints at new bank regime The promise of a backstop helped restore calm to financial markets but the central bank hints at new rules in the Chinese banking industry http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/FD6A39/CM/h?a1=2013&a2=6&a3=26   Financial Times - US homepage   BP accused of intimidating spill claimants Escalating war of words between company and private sector plaintiffs seeking compensation over the spill threatens to derail settlement http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/EK82NX/CM/h?a1=2013&a2=6&a3=26   Microsoft touts rapid Windows 8 updates Microsoft promises further rapid improvements to Windows 8 but analysts question whether it is enough to make up ground lost to Apple's and Google http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/NR7KG9/CM/h?a1=2013&a2=6&a3=26   Sluggish US growth gives Fed cause for caution Lower revision of US GDP data offers evidence that growth remained quite sluggish even as the Fed began contemplating slowing its pace of support http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/A5TO96/CM/h?a1=2013&a2=6&a3=26   Renewables rise led by emerging economies IEA expects renewables to provide about 24 per cent of the world's electricity within in three years, with emerging markets leading the way http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/YGQNM8/CM/h?a1=2013&a2=6&a3=26   New Carnival chief faces tough PR battle New chief Arnold Donald's first battle is to salvage the cruise operator's sinking reputation, which has suffered after incidents with its ships http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/XBEFZP/CM/h?a1=2013&a2=6&a3=26   'King of oil' who became a target for US Dealings with regimes outlawed by the US – from Iran to Cuba – fed his fortune, but they irreversibly tainted his reputation http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/T1K9C9/CM/h?a1=2013&a2=6&a3=26   UK Homepage   Cost of HS2 undercuts spending review Chancellor seeks to lay framework for 2015 election, setting out £11.5bn of cuts – a downpayment on austerity stretching well into next parliament http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/T1K9CF/CM/h?a1=2013&a2=6&a3=26   Osborne's winners and losers Lone parent benefit recipients will have to 'prepare for work' once their youngest child turns three, but intelligence and aid budgets protected http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/T1K9CN/CM/h?a1=2013&a2=6&a3=26   Osborne keeps on with plan for pain More is needed to foster growth in the British economy. The government has been too timid in reversing the excessive cuts in public investment it inherited http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/523HDB/CM/h?a1=2013&a2=6&a3=26   White-collar criminals face tougher English sentences Guidelines due to be published by the Sentencing Council of England and Wales on Thursday mirror tough penalties often meted out in US http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/PN5Y61/CM/h?a1=2013&a2=6&a3=26   Support for EU austerity frays among fiscal hawks Change of tune from some of the vociferous backers of controversial budgetary cutting measures as the solution to the continent's woes http://link.ft.com/r/EB8122/DX1KZR/M9C43G/ZGTFW4/LSAWTZ/CM/h?a1=2013&a2=6&a3=26   Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. 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