Europe Morning Headlines: Iran, Russia and China prop up Assad, Flat Japanese ...
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Europe morning headlines
Friday June 28 2013
Financial Times - Europe homepage
Iran, Russia and China prop up Assad
Three main allies supporting international financial transactions, delivering $500m a month in oil and extending credit lines, says senior economy minister
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/CWBZTB/SN/h?a1=2013&a2=6&a3=28
Flat Japanese consumer prices aid Kuroda
Government data on Friday showed that core CPI across Japan was unchanged in May from a year earlier, rising from minus 0.4% in April
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/YGQ1II/SN/h?a1=2013&a2=6&a3=28
Asian stocks extend gains for third day
Stocks advance on the back of improving economic data from Japan and the US, and on fading fears of an early end to US monetary stimulus
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/VTY3DT/SN/h?a1=2013&a2=6&a3=28
Fed big-hitters seek to quash QE fears
Remarks are clearest attempt by top monetary policy officials to clarify Fed policy after Ben Bernanke, Fed chairman, last week rattled the markets
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/CWBZHF/SN/h?a1=2013&a2=6&a3=28
Napster co-founder Parker attacks online media 'jackals'
Sean Parker, a venture capitalist who was the first president of Facebook, called for stronger privacy and intellectual property laws
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/20RBSA/SN/h?a1=2013&a2=6&a3=28
Markets
Dwindling stocks buoy soyameal prices
Soyabeans and meal have hit a seven-month high on concerns over low levels of inventories despite expectations of a bumper harvest
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/CWBZHM/SN/h?a1=2013&a2=6&a3=28
ConAgra leads as US stocks rally
While the S&P remains more than 3 per cent below an all-time closing high reached in May, it has rallied 2.7 per cent over the past three sessions
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/T1KFXG/SN/h?a1=2013&a2=6&a3=28
Smiths among UK gainers on break-up hopes
The wider London market rallies for a third day, lifting the FTSE 100 by 1.3% and squeezing short sellers with Ocado jumping 13%
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/1OJH9L/SN/h?a1=2013&a2=6&a3=28
Pound dips as UK growth misses forecasts
Sterling among few major currencies to fall against dollar after figures show economy expanded just 0.3% on annual basis in first three months of year
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/XBEUY9/SN/h?a1=2013&a2=6&a3=28
World News
Immigration reform bill clears US Senate
Bill marks the first crucial step towards overhauling the US immigration system, one of President Barack Obama's top priorities for his second term
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/5236F4/SN/h?a1=2013&a2=6&a3=28
China workers free US manager
Chip Starnes was released on Thursday after he agreed to severance payments to 97 workers who will continue to work for the plant
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/20RBS1/SN/h?a1=2013&a2=6&a3=28
Boston bombing suspect indicted
The 30-count indictment charges the 19-year-old with setting off two homemade bombs in a crowd at the finish line among other crimes
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/XBEUI6/SN/h?a1=2013&a2=6&a3=28
Merkel cancellation seen as snub to Zagreb
German chancellor announces she will not go to Croatia's EU entry festivities 'because of other commitments' rather than an extradition issue
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/3CFGJI/SN/h?a1=2013&a2=6&a3=28
Obama says no deals in exchange for Snowden
Barack Obama said the US still had 'a whole lot of business that we do with China and Russia' which should not be jeopardised by one extradition case
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/20RBSW/SN/h?a1=2013&a2=6&a3=28
Europe News
Erdogan acts to curb Turkish military
Armed forces' role set to be limited to protecting state from 'external threats' after phrasing – 'to protect nation' – was used to justify coups
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/9MLVUI/SN/h?a1=2013&a2=6&a3=28
EU bows to Merkel pressure on emissions
The chancellor appeals to Irish prime minister over postponing agreement on carbon dioxide limits that would affect German carmakers
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/6APONO/SN/h?a1=2013&a2=6&a3=28
Improvisation the rule in bank bail-in deal
Stricter regime to force creditors to foot the bill of failed lenders instead of taxpayers will only come into force from 2018
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/A5T2LI/SN/h?a1=2013&a2=6&a3=28
European Companies News
Elderly threat to pharma credit ratings
Government attempts to control healthcare costs as the population ages combine with patent expiries to endanger drugs groups' profits
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/GYO48H/SN/h?a1=2013&a2=6&a3=28
Fashion boss's missing plane found
The twin-engined aircraft was said to have been located just north of the Los Roques archipelago in the Caribbean, a popular destination for Italian tourists
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/4VN8RJ/SN/h?a1=2013&a2=6&a3=28
Russia's eastern energy pivot has limits
The deals at the International Economic Forum show that Russia's energy groups are getting serious about opening up fast-growing Asia-Pacific markets
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/IECX0P/SN/h?a1=2013&a2=6&a3=28
European banks fall behind in M&A
US banks are reasserting their global supremacy, as their share of global investment banking fee pool exceeded 46% for the first time in 12 years
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/CWBZTF/SN/h?a1=2013&a2=6&a3=28
Europe sees 'huge pick-up' in IPOs
Amount raised on continent's exchanges so far this year doubles compared with a year earlier, amid rare market calm because of central-bank moves
http://link.ft.com/r/G8OTZZ/PN2HCY/QFZDL0/5VOBCQ/6APONT/SN/h?a1=2013&a2=6&a3=28
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