Europe Morning Headlines: G8 dispute breaks out on Syria arms, The world needs...
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Europe morning headlines
Monday June 17 2013
Financial Times - Europe homepage
G8 dispute breaks out on Syria arms
Russian leader said his country was supplying arms to the 'legitimate government' in Damascus in line with international law
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/20R20L/T3/h?a1=2013&a2=6&a3=17
The world needs global tax reform
The best G8 outcome would be an international agreement on how to link tax bases to real economic activity and limit letterbox subsidiaries
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/Q341PN/T3/h?a1=2013&a2=6&a3=17
Bid to relaunch synthetic CDO unravels
JPMorgan Chase and Morgan Stanley scrap plan to sell 'synthetic collateralised debt obligations' – after failing to find investors willing to take on all of the deal's different pieces
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/3CFACU/T3/h?a1=2013&a2=6&a3=17
Unrest spreads across Istanbul
Prime minister addresses supporters as minister says anyone in Taksim Square, centre of anti-government protests, will be considered a terrorist
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/PN5UNX/T3/h?a1=2013&a2=6&a3=17
French government swings behind F Tel chief
Group's board due to meet on Monday to review Richard's position following move by a court to place him under formal investigation for fraud
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/CWBDWC/T3/h?a1=2013&a2=6&a3=17
Markets
Asian shares mixed ahead of Fed meeting
Investors cautious before two-day US monetary policy meeting, while Japanese stocks are buoyed by a weaker yen
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/FD6ED2/T3/h?a1=2013&a2=6&a3=17
Fed watched for any asset purchase move
Despite positive employment report for May, it seems unlikely that economic developments will convince the Fed to change tack this month
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/CWBDXI/T3/h?a1=2013&a2=6&a3=17
Stockbrokers eye joint outsourcing
Backoffice plans herald unprecedented co-operation, reflecting difficult climate and the need to compete with banks
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/4VNZ2Z/T3/h?a1=2013&a2=6&a3=17
Can financial engineering heal medical funding?
Professor Lo's idea for a cancer-fighting 'super fund' is not without risks but it deserves to be given a chance
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/JQVJ9I/T3/h?a1=2013&a2=6&a3=17
JPMorgan set to launch asset tracking service
JPMorgan's move comes as rival banks and operators of market infrastructure are turning towards collateral management
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/1OJV02/T3/h?a1=2013&a2=6&a3=17
World News
Claims UK spied on delegates at G20
According to the documents, GCHQ set up internet cafés and used an email interception programme and key-logging software to spy on G20 delegates' use of computers
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/20R20F/T3/h?a1=2013&a2=6&a3=17
Scandal forces Necas to quit as Czech PM
Government will have to step down leading to horse-trading between the governing coalition, the opposition and the president over a replacement
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/NR73FN/T3/h?a1=2013&a2=6&a3=17
French groups bow to pressure on high pay
Enhanced code of practice – presented to and approved by President François Hollande – will make French pay regime one of the toughest in the OECD
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/20R20G/T3/h?a1=2013&a2=6&a3=17
North Korea proposes high-level US talks
The statement comes less than a week after the country called off negotiations with South Korea over economic co-operation projects
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/DXGYKK/T3/h?a1=2013&a2=6&a3=17
Europe News
Bulgarian protesters seek new government
Thousands of Bulgarians have protested for a third day, escalating their demands into calls for the recently formed government to resign
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/B4HK4A/T3/h?a1=2013&a2=6&a3=17
Trade deal set to benefit US more than EU
Americans' income will rise 13.4% while Europeans get 5% increase says Ifo, warning agreement would cut flows in Europe and hit developing countries
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/RPWLUF/T3/h?a1=2013&a2=6&a3=17
Environment: Industry backs moves to reduce emissions
Global meeting will decide details of plan, writes Pilita Clark
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/ULDBLF/T3/h?a1=2013&a2=6&a3=17
European Companies News
Europe's auto market gloom to last until 2019
Shift away from driving among older Europeans, falling ownership among young and more durable cars cited as trends harming car demand
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/ULDBLR/T3/h?a1=2013&a2=6&a3=17
Europe carmakers set for long-term gloom
Further car factory shutdowns are likely as sales in the developed European markets are not expected to recover until at least 2019
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/VTYGTY/T3/h?a1=2013&a2=6&a3=17
Airbus and Boeing battle heats up
Us aircraft maker is poised to launch third and biggest version of its Dreamliner at Le Bourget, while European rivals unveils business for its A350
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/Z8908J/T3/h?a1=2013&a2=6&a3=17
New TeliaSonera head appointed
Johan Dennelind will take over as Telia's chief executive on September 1 and have to steady the company that has been rocked by bribes allegations
http://link.ft.com/r/LVA6WW/XBWZI9/OJ2XU6/DWM9YG/RPWLUP/T3/h?a1=2013&a2=6&a3=17
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