Europe Morning Headlines: G8 shifts on isolating Putin over Syria, EU and US l...
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Europe morning headlines
Tuesday June 18 2013
Financial Times - Europe homepage
G8 shifts on isolating Putin over Syria
G8 communiqué being drafted by British officials will attempt to find whatever common ground it can, including a condemnation of use of chemical weapons
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/JQVFDL/4O/h?a1=2013&a2=6&a3=18
EU and US launch trade talks
Talks launched but France's ruling Socialist party lashes out at José Manuel Barroso over Paris push to exclude films and music
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/IECRK6/4O/h?a1=2013&a2=6&a3=18
Liberty Global enters race for KDG
Indicative offer by John Malone's media group for Germany's largest cable operator is €85 per share, surpassing Vodafone's bid of about €80 a share
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/1OJABP/4O/h?a1=2013&a2=6&a3=18
Turkey steps up moves against protesters
Ankara is to introduce new measures against social media as it continues its crackdown and has warned striking unions not to join the demonstrations
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/3CF78L/4O/h?a1=2013&a2=6&a3=18
Fed likely to signal tapering move is close
Bernanke is likely to signal that further tapering depends on further improvement in the economy and in no way brings forward an interest rate rise
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/LSA3IU/4O/h?a1=2013&a2=6&a3=18
Markets
Asia investors cautious ahead of Fed
Stocks edge lower ahead of Ben Bernanke's press conference on Wednesday, with traders looking for any hints about a possible 'tapering' of QE
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/WHIOUM/4O/h?a1=2013&a2=6&a3=18
UK agrees EU deal on City regulation
A deal between the countries reviewing the EU's key markets legislation represents a significant step forward after 30 months of fierce negotiations
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/DXGEM8/4O/h?a1=2013&a2=6&a3=18
Bolton retires after failing to crack China
Although performance in the Fidelity China Special Situations fund has improved recently, shares in the fund are below their 2010 launch price
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/GYOSW6/4O/h?a1=2013&a2=6&a3=18
Oil prices edge higher on Syrian crisis
Concerns the conflict would spill over to neighbouring countries after US announcement on providing arms to rebel groups pushes up oil prices
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/6AP40L/4O/h?a1=2013&a2=6&a3=18
World News
Rohani pledges nuclear transparency
Iran's president-elect raises hopes for faster progress on negotiations, in which world powers want Iran to curb most controversial parts of programme
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/5235OX/4O/h?a1=2013&a2=6&a3=18
Brazil's 'bus fare' protests gather pace
Tens of thousands of people march through the streets of São Paulo and Rio de Janeiro to show their discontent with the nation's political class
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/LSA3I6/4O/h?a1=2013&a2=6&a3=18
Samaras buckles in wake of ERT ruling
Greek PM was forced to backtrack and make concessions to his coalition partners after the council of state ordered the broadcaster's reopening
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/MJZPEH/4O/h?a1=2013&a2=6&a3=18
China breaks silence over Snowden claims
China demands that the US explain extensive internet surveillance revealed by Edward Snowden, and rejects suspicions that he was spying for Beijing
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/1OJABI/4O/h?a1=2013&a2=6&a3=18
Peña Nieto promises radical Pemex reform
Mexico's new president vows that liberalisation of the country's energy sector will transform the economy while giving investors certainty
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/EK8Q5C/4O/h?a1=2013&a2=6&a3=18
Europe News
In search of the clever country
Reform not political imperative will help boost Russia's place in the global economy
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/GYOSWS/4O/h?a1=2013&a2=6&a3=18
EU finds €1bn Egypt aid had little effect
The EU watchdog found that the Egyptian government had shown even less interest than its predecessor in EU-sponsored programmes to foster civil society
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/Q34TJZ/4O/h?a1=2013&a2=6&a3=18
Obama sends coded warning on trade deal
The big worry in Washington has always been – and remains – that the scope of the agreement will be narrowed dramatically over the course of the talks
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/3CF78W/4O/h?a1=2013&a2=6&a3=18
Poland: Time to go high-tech
The country has transformed its once decrepit economy but must now undertake profound reforms to foster an ecosystem of more innovative businesses
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/WHIOUD/4O/h?a1=2013&a2=6&a3=18
Make privacy part of US-EU trade talks
It is time for American and European citizens to take action to address the threat from the public-private partnership for surveillance
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/1OJABJ/4O/h?a1=2013&a2=6&a3=18
European Companies News
Investors urged to reject Exillon's plans
The Association of British Insurers and other shareholder lobby groups say plans by the company to adopt new articles limit shareholders' rights
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/871XV9/4O/h?a1=2013&a2=6&a3=18
Oil and gas: Gazprom looks east to restore fortunes as US shale gas booms
The state monopoly is taking a gamble on Siberian pipeline
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/MJZPEU/4O/h?a1=2013&a2=6&a3=18
AT&T/Telefónica: a challenging deal
Telefónica is heavy with debt and in an odd way that could make such a tie-up with the US peer easier but there are other challenges ahead
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/FD694Z/4O/h?a1=2013&a2=6&a3=18
Talk of AT&T bid lifts Telefónica shares
Shares rise after the Spanish telecoms group was forced to deny reports Madrid has knocked back takeover approach from the US group
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/5235OQ/4O/h?a1=2013&a2=6&a3=18
Pensions industry views CDCs with caution
Britain's savings industry is likely to press for a much looser regulatory regime if the government proceeds with ideas that lead to collective schemes
http://link.ft.com/r/TWK799/1OYDKN/3O9UZD/972ETW/CWBI78/4O/h?a1=2013&a2=6&a3=18
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