Europe Morning Headlines: Eurozone fund empowered to back banks, Global sell-o...

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/CTBPCC/06SD3L/WU5SPK/UU4QGA/   Europe morning headlines Friday June 21 2013 Financial Times - Europe homepage   Eurozone fund empowered to back banks European Stability Mechanism can now pump cash directly into teetering banks, but only after national governments share the burden http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/Q34Z3R/E4/h?a1=2013&a2=6&a3=21   Global sell-off raises turbulence fears Emerging markets among the worst hit as this year's rally is thrown firmly into reverse by the US Federal Reserve's plans to slow the pace of QE3 http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/NR7VJE/E4/h?a1=2013&a2=6&a3=21   Asia feels fallout from Wall Street sell-off Investors continue to shun China-related stocks, with Hong Kong's Hang Seng index hitting a fresh six-month low http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/9ML371/E4/h?a1=2013&a2=6&a3=21   Bernanke strikes to great effect Thursday's sell-off reveals that plenty of excess was embedded in markets. Now, the risk of a bubble is reduced, while the Fed is still stimulating markets http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/MJZCSM/E4/h?a1=2013&a2=6&a3=21   IMF warns eurozone over Greek aid International body threatens to suspend payments to Athens because of a shortfall that has opened up in rescue programme, say officials http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/OFM2RA/E4/h?a1=2013&a2=6&a3=21   Markets   Bond sell-off causes stress in ETF industry Emerging-markets ETFs were among the worst affected, as investors took fright that the end of monetary easing would lead to outflows from developing countries http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/YGQDBN/E4/h?a1=2013&a2=6&a3=21   World News   Obama to name FBI director Jim Comey has a commanding personal presence and a reputation as a strong leader from his time as a prosecutor in New York and deputy attorney-general http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/ULD41E/E4/h?a1=2013&a2=6&a3=21   Brazil protests grow as discontent spreads Movement draws in other sectors of society and calls grow for general strike as discontent spreads to aspects such as corruption and poor healthcare http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/A5TPMP/E4/h?a1=2013&a2=6&a3=21   Bernanke's rosier outlook to come under close scrutiny Federal Reserve watchers will want to establish whether the shift in sentiment has come too suddenly and too early http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/HI0GY4/E4/h?a1=2013&a2=6&a3=21   Senate strikes deal for immigration reforms Under a deal, an additional 700 miles of fencing will be built along the border, while the number of border patrol agents will double to more than 40,000 http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/523JVL/E4/h?a1=2013&a2=6&a3=21   Farm bill fails to pass split House Once passed on a bipartisan basis, the farm bill has become a target of conservatives for its subsidies to large farmers and its food stamp payments http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/B4HU5O/E4/h?a1=2013&a2=6&a3=21   Europe News   EU threatens to fine Google over privacy Google faces a fine of several million euros if it does not address within three months EU data protection regulators' privacy concerns http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/B4HU5C/E4/h?a1=2013&a2=6&a3=21   View of Landesbanks 'to change radically' The chief executive of one offers a vehement defence of the sector, saying that without them 'transformation in the German economy will not be possible' http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/4VNSCB/E4/h?a1=2013&a2=6&a3=21   'Monstrous uncertainty' over Swiss banks Biggest concern is what US authorities will do after Swiss government rejected disclosure, but not all believe charges against banks are inevitable http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/SUXMP7/E4/h?a1=2013&a2=6&a3=21   Russia runs out of room to expand economy Putin is expected to play infrastructure investment card at annual conference as economic growth stalls, reflecting slowing demand for raw materials http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/WHIXTE/E4/h?a1=2013&a2=6&a3=21   AT&T chief scours Europe for acquisitions AT&T has been scouring the European mobile telecoms markets for acquisitions to expand outside its core US market http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/Z89YGK/E4/h?a1=2013&a2=6&a3=21   European Companies News   Mediobanca unveils plan for stakes sale Chief executive's radical plan to quit shareholder pacts is the biggest shake-up at the bank since it was founded in 1942 to protect Italian interests http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/ULD41X/E4/h?a1=2013&a2=6&a3=21   UK and Swiss banks face fresh risk tests Major UK and Swiss lenders are facing new demands to prove their soundness, after central bankers in both countries expressed concerns over their leverage http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/6APR20/E4/h?a1=2013&a2=6&a3=21   Demand for tablet computers boosts Dixons Electricals chain benefits from collapse of rival Comet, as chief executive Sebastian James reopens debate on taxation of online retailers http://link.ft.com/r/CTBPCC/K98MU5/3O9UZD/YBLKMV/MJZCSZ/E4/h?a1=2013&a2=6&a3=21   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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