In today's FT: Backlash over US snooping intensifies, Japan economy...


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Financial Times
In today's FT
Monday June 10 2013

Financial Times - UK Homepage
 
Backlash over US snooping intensifies
Obama administration under pressure from lawmakers over the scope of its electronic surveillance of telephone records and online communications
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/52N12T/50/h?a1=2013&a2=6&a3=9
 
Japan economy grew annualised 4.1% in Q1
The economy grew 1% quarter-on-quarter, better than first reported, giving a boost to Prime Minister Shinzo Abe
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/IE0AE1/50/h?a1=2013&a2=6&a3=9
 
UK Treasury considers Lloyds stake sale
Chancellor expected to signal desire to begin reprivatising Lloyds and RBS before 2015 general election when he delivers Mansion House speech
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/EKG0KC/50/h?a1=2013&a2=6&a3=9
 

Financial Times - US homepage
 
SEC counsel faces whistleblower's claims
Former Deutsche Bank risk manager filed discrimination complaint with US Department of Labor naming Rice, with four other executives, as respondent
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/MJA5J1/50/h?a1=2013&a2=6&a3=9
 
Obama-Xi summit lays out big questions
It is unclear if the summit will mark a reset in a distrustful relationship between an established power and a rising rival, with all the dangers that entails
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/9M1BMT/50/h?a1=2013&a2=6&a3=9
 
Bank reforms spur BNP to merge US units
French group looks to offset impact of threatened ringfencing rules by combining retail and investment banking operations to improve capital efficiency
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/52N12Q/50/h?a1=2013&a2=6&a3=9
 

Financial Times - Europe homepage
 
Monetary heavyweights to clash in court
Country's highest legal authority to hear evidence over whether the ECB's pledge to save the euro last year undermined the constitution
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/6A3LAP/50/h?a1=2013&a2=6&a3=9
 
Brussels gets tough on single airspace plan
The European Commission will on Tuesday warn that member states could be fined for failing to implement its single European sky project
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/LS2MS1/50/h?a1=2013&a2=6&a3=9
 
EM groups look to bonds over banks
Comapnies borrowed half as much from banks in the second quarter compared with the same period last year while market borrowing has risen by two-thirds
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/MJA5JH/50/h?a1=2013&a2=6&a3=9
 

Financial Times - Asia homepage
 
Chinese miners at mercy of Ghana crackdown
Thousands of Chinese miners who travelled to west Africa in search of gold face an uncertain future and even fears for their safety
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/6A3LAF/50/h?a1=2013&a2=6&a3=9
 
Apple designer to showcase new vision
Unveiling will be the first big test for Sir Jonathan Ive as chief software designer. New iOS expected to include a sleeker and simpler look.
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/GY6VY9/50/h?a1=2013&a2=6&a3=9
 
Ansteel braced for 'long-term struggle'
Zhang Xiaogang, Ansteel chairman, said he expected average iron ore price to be around $110 to $120 a tonne, implying prices would continue downward
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/VTDQTW/50/h?a1=2013&a2=6&a3=9
 

World News
 
Choke on banks stifles Cyprus economy
Businessmen vent frustration at efforts to restore the island's economy and rescue its banking system
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/XBISBP/50/h?a1=2013&a2=6&a3=9
 
Sectarian splits fuel fears of Syrian spillover
A narrative of looming regional religious war in the Middle East is too simplistic a portrayal of far more complex political dynamics at play
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/3CRPCA/50/h?a1=2013&a2=6&a3=9
 
Egypt aide blames IMF for loan deal delay
Essam al-Haddad says Cairo has met many required measures but the fund remains focused on political consensus
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/JQCZ9I/50/h?a1=2013&a2=6&a3=9
 
Koreas hold first talks in two years
Representatives of Pyongyang and Seoul meet at the border post of Panmujom in a prelude to possible ministerial-level dialogue this week
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/SUWYU7/50/h?a1=2013&a2=6&a3=9
 
Water level on Elbe at record height
Water levels on the Elbe rose to record levels on Sunday, forcing evacuation of thousands in central Europe's worst floods in more than a decade
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/B4T840/50/h?a1=2013&a2=6&a3=9
 

Companies news and analysis - FT.com
 
Mobile groups target app ads at 17m users
Vodafone, EE and O2 eye lucrative revenues with launch of campaigns for British brands this summer after pooling large stores of data on Weve platform
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/3CRPCP/50/h?a1=2013&a2=6&a3=9
 
Cnooc in joint bid for Arctic oil
Eykon Energy to help Chinese group bid for exploration licence off the northeast coast of Iceland as interest in the polar region increases
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/T1XI1A/50/h?a1=2013&a2=6&a3=9
 
Google highlights India bandwidth threat
Growth is hampered by poor technological infrastructure that is unable to keep pace with the demands of hundreds of millions of new internet users
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/MJA5JK/50/h?a1=2013&a2=6&a3=9
 
Nike and Adidas adopt 3D printing
Footwear makers say technology has accelerated prototype development and reduced staffing needs, becoming an complement to labour-intensive factories
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/3CRPCV/50/h?a1=2013&a2=6&a3=9
 
Spain's ownership web set to untangle
As capital-strapped lenders are forced to sell non-core assets, a complex web of cross-shareholdings is at risk of disappearing
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/K9V79Z/50/h?a1=2013&a2=6&a3=9
 

Markets
 
Asian markets boosted by US jobs report
Shares rebound after encouraging US jobs report but raft of disappointing economic data from China limits gains
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/CWH6WW/50/h?a1=2013&a2=6&a3=9
 
Enel in €3bn hybrid bond launch
Issuance in European hybrid corporate bond market has reached a record so far in 2013 as companies take advantage of investors' search for yield
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/EKG0KB/50/h?a1=2013&a2=6&a3=9
 
Credits scarcity propels US carbon market
Quarterly auction held by the Regional Greenhouse Gas Initiative auction twice oversubscribed with the highest clearing price in four years
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/CWH6WK/50/h?a1=2013&a2=6&a3=9
 
Tune to this mining saga at your own risk
Wolf Minerals, a dual-listed Australian company quoted on Aim, is pressing ahead with plans to restart tungsten and tin mining in Devon
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/NRZ4FJ/50/h?a1=2013&a2=6&a3=9
 
New Zealand gets serious about oil
The country's biggest ever drilling season set for later this year will be a key test of its ambitions to develop its petroleum industry
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/DXBOXB/50/h?a1=2013&a2=6&a3=9
 

Financial Times - Comment
 
Obama has hurt himself and business
If non-US companies want to challenge the titans, data privacy is now the weapon of choice
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/RP4DPJ/50/h?a1=2013&a2=6&a3=9
 
Hail the honesty about Greece's bailout
The IMF's recognition of excessive optimism about growth is to be welcomed, but the hard part will be acting on it
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/SUWY1N/50/h?a1=2013&a2=6&a3=9
 
Put Lloyds and RBS where they belong
The mission was to save the financial system and it has worked, so the time has come to sell the lenders
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/A5LG5N/50/h?a1=2013&a2=6&a3=9
 
The Swiss must heed the sheriff's words
Both Switzerland's banks and Bern must accept, quickly, the US view that client anonymity for tax purposes is over
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/VTDQTO/50/h?a1=2013&a2=6&a3=9
 
A modern Turkey could yet emerge
A deep-rooted message of tolerance and universalism will help a young country on its path to a future in which it becomes a real model
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/HIO2I3/50/h?a1=2013&a2=6&a3=9
 

Financial Times - Management
 
Keeper of the family paper
The newspaper publisher says that running the family business has never been tougher, but that the paper has regained its lost momentum
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/GY6VYW/50/h?a1=2013&a2=6&a3=9
 
Wake up! Time for a good night's sleep
Three decades at work have taught me that sleeplessness is the biggest reason for me turning up crabby, negative and inefficient in the mornings
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/SUWYUS/50/h?a1=2013&a2=6&a3=9
 
Pylon painter
A coat of paint adds 40 years to the life of an electricity pylon, but the job can be nerve-wracking as they are never switched off
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/DXBOXN/50/h?a1=2013&a2=6&a3=9
 
Being taken seriously
A touch of gravitas usually helps on the career ladder even though lightweights have been known to rise without trace. Experts offer their advice.
http://link.ft.com/r/FG6LAA/IEH7NC/18E32X/62OOCO/EKG0KQ/50/h?a1=2013&a2=6&a3=9
 
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