Europe Morning Headlines: Italy faces restructured derivatives hit, Bond yield...

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/4RNQTT/3CF3PC/ZTXFLI/EWTCE3/   Europe morning headlines Wednesday June 26 2013 Financial Times - Europe homepage   Italy faces restructured derivatives hit Derivatives restructuring allowed the cash-strapped Rome Treasury to stagger payments owed to foreign banks over a longer period http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/IECZF8/4O/h?a1=2013&a2=6&a3=26   Bond yields threaten bank balance sheets Unrealised losses on big portfolios of liquid securities set to hit banks' tangible book values in second-quarter earnings under new capital rules http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/K92M3A/4O/h?a1=2013&a2=6&a3=26   China in fresh bid to calm shaken markets Central bank pledge to guide interest rates to 'reasonable range' was enough to help Shanghai Composite index recover from early loss to end day flat http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/SUXIGW/4O/h?a1=2013&a2=6&a3=26   Putin rules out sending Snowden back to US Russia and China say US accusations that they helped fugitive US former intelligence analyst Edward Snowden escape are unacceptable http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/Q34DHA/4O/h?a1=2013&a2=6&a3=26   Senators push to end Fannie and Freddie The government-backed mortgage companies would be replaced by a Federal Mortgage Insurance Corporation in a bill supported by a bipartisan group http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/1OJ3ZX/4O/h?a1=2013&a2=6&a3=26   Markets   Fresh falls in Japan and China stocks Equities markets in Shanghai and Tokyo see further declines, but other Asian markets rally after positive Wall Street session http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/7ZUHXJ/4O/h?a1=2013&a2=6&a3=26   Fixed income rout hurts US muni bond debt Fundraisings for hospitals in California, schools in Georgia and for the New York transport system are among those that have been pulled http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/9MLGDJ/4O/h?a1=2013&a2=6&a3=26   US oil discount to Brent cut by floods Damage to pipelines carrying oil from Canada comes as the price difference between the two benchmarks has been narrowing http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/9MLGDU/4O/h?a1=2013&a2=6&a3=26   World News   Qatar shows how to manage a monarchy The gas-rich emirate's infusion of new blood contrasts with the hardened arteries next door in Saudi Arabia and the rulers claimed by the Arab spring http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/MJZ4U6/4O/h?a1=2013&a2=6&a3=26   Obama lays down conditions for Keystone pipe go-ahead President announces his first big policy on greenhouse gases with executive orders on emissions and push for co-ordinated international action http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/K92M34/4O/h?a1=2013&a2=6&a3=26   Democrats retain Massachusetts seat Ed Markey convincingly beat Gabriel Gomez, Republican candidate, for the seat, which fell vacant with appointment of John Kerry as secretary of state http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/B4H6IG/4O/h?a1=2013&a2=6&a3=26   Europe News   Brussels aims to integrate Roma minorities Proposal would require EU countries to ensure that all Roma children complete primary school and commit to reducing unemployment within the community http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/871BK1/4O/h?a1=2013&a2=6&a3=26   Auto industry: Skills provide magnet for investors Post-communist talent, low costs and incentives have drawn foreign companies into the region http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/7ZUHX8/4O/h?a1=2013&a2=6&a3=26   Ukraine steel industry: Fuel price rise compels mills to change Gazprom measures lead to more efficient output http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/871BK3/4O/h?a1=2013&a2=6&a3=26   Croatia: A cool reception on arrival The nation is about to become the 28th member of the EU but many European capitals retain doubts about its economy and history of tackling corruption http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/LSA5P4/4O/h?a1=2013&a2=6&a3=26   European Companies News   Charterhouse considers IPO for Elior UK buyout group weighs up flotation for French caterer as offers fall short of €4bn asking price http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/SUXIGY/4O/h?a1=2013&a2=6&a3=26   The men behind the Anglo Irish scandal Profiles of Sean Fitzpatrick, David Drumm, Willie McAteer, Pat Whelan and John Bowe – the men behind the banking scandal that rocked Ireland http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/NR7W1W/4O/h?a1=2013&a2=6&a3=26   Anglo Irish tape complicates Dublin debt talks Senior executives had laughed off concerns by regulators and EU governments that they were abusing Dublin's bank guarantee, audio recordings show http://link.ft.com/r/4RNQTT/4V9VW0/26QPAK/DWM6C8/B4H6IV/4O/h?a1=2013&a2=6&a3=26   Tools Your account    Portfolio Email 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