Asia AM: PBoC breaks silence over cash crunch, Shares under p...


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Financial Times
Asia AM
Monday June 24 2013

Financial Times - Asia homepage
 
PBoC breaks silence over cash crunch
China's central bank speaks out about the credit crunch that saw interbank lending rates hit double digits, calling on big lenders to do more to restore calm
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/WHID87/OS/h?a1=2013&a2=6&a3=24
 
Shares under pressure over China fears
Investors concerned about Chinese banks' liquidity crunch and the prospect of the Federal Reserve tapering its vast stimulus measures
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/MJZ2NU/OS/h?a1=2013&a2=6&a3=24
 
Snowden fails to board Cuba flight
US secretary of state says he would be troubled if China and Russia had advance notice of whistle-blower's travel plans before he left Hong Kong
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/FD6GED/OS/h?a1=2013&a2=6&a3=24
 
Dell rejects 'inconsistent' Icahn bid
Group's independent committee throws its weight behind founder Michael Dell's buyout offer, accusing activist investor Carl Icahn of inconsistency
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/A5T1XQ/OS/h?a1=2013&a2=6&a3=24
 
Kabel Deutschland accepts Vodafone offer
UK mobile and telecoms operator offers €7.7bn for German cable company that provides telephone, broadband and TV services to 8.5m homes
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/GYO8QP/OS/h?a1=2013&a2=6&a3=24
 
Rio scraps plan to shed diamonds business
Miner says decision is 'best path to generate maximum value' for investors and comes after it had considered a number of 'strategic ownership options'
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/GYO8QF/OS/h?a1=2013&a2=6&a3=24
 
Berlusconi found guilty in sex trial
Former premier sentenced to seven years in prison and banned from holding public office after being convicted in Milan trial that lasted more than two years
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/4VNRZC/OS/h?a1=2013&a2=6&a3=24
 
India scrambles to rescue flood victims
Armed forces race to evacuate thousands of Hindu pilgrims stranded in remote Himalayan temple towns, as forecasters warn of four days of rain ahead
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/RPW5LH/OS/h?a1=2013&a2=6&a3=24
 
Qatar emir set to abdicate
Rare voluntary handover seen as a move to cement stability in state that has backed Arab spring rebels but is yet to hold parliamentary elections
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/9MLUWY/OS/h?a1=2013&a2=6&a3=24
 
Mandela's health remains critical
President Zuma visited the liberation hero on Sunday and was told by the medical team that he 'had become critical over the past 24 hours'
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/XBEY6G/OS/h?a1=2013&a2=6&a3=24
 

Financial Times - US homepage
 
Supreme Court avoids affirmative action decision
Justices decide seven-to-one against ruling in a case challenging the University of Texas's policy of considering race when admitting students
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/4VNRZ7/OS/h?a1=2013&a2=6&a3=24
 
Delta secures Virgin Atlantic stake
Carriers unveil code-share deal that will allow UK airline to offer customers a much bigger range of US destinations as it challenges BA
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/CWBTDD/OS/h?a1=2013&a2=6&a3=24
 

UK Homepage
 
Eurozone bond yields jump in sell-off
Spanish and Italian debt hit and yields on ten-year UK gilts jump as part of a global bond market sell-off accelerated by announcement on 'tapering' of US quantitative easing
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/VTYKG1/OS/h?a1=2013&a2=6&a3=24
 
China stocks fall into bear market
The CSI 300, an index of shares listed in Shanghai and Shenzhen, has fallen 21% from February peak with midsized lenders worst hit in the sell-off
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/JQV0J1/OS/h?a1=2013&a2=6&a3=24
 
Independent ENRC committee rebuffs offer
Committee says value of offer by founders of Kazakh miner to take the group private undervalues it and says it cannot recommend the $3bn bid
http://link.ft.com/r/J0VG55/4VQHVR/PRAK1O/PFSMJR/1OJ9VC/OS/h?a1=2013&a2=6&a3=24
 
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