In today's FT: Eurozone bond yields jump in sell-off, Snowden fails...


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Financial Times
In today's FT
Monday June 24 2013

UK Homepage
 
Eurozone bond yields jump in sell-off
Spanish and Italian debt hit and yields on ten-year UK gilts jump as part of a global bond market sell-off accelerated by announcement on 'tapering' of US quantitative easing
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/VTYKTR/1G/h?a1=2013&a2=6&a3=24
 
Snowden fails to board Cuba flight
US secretary of state says he would be troubled if China and Russia had advance notice of whistle-blower's travel plans before he left Hong Kong
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/9MLUMC/1G/h?a1=2013&a2=6&a3=24
 
Shares under pressure over China fears
Investors concerned about Chinese banks' liquidity crunch and the prospect of the Federal Reserve tapering its vast stimulus measures
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/WHIDB0/1G/h?a1=2013&a2=6&a3=24
 

Financial Times - US homepage
 
Dell rejects 'inconsistent' Icahn bid
Group's independent committee throws its weight behind founder Michael Dell's buyout offer, accusing activist investor Carl Icahn of inconsistency
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/523FAI/1G/h?a1=2013&a2=6&a3=24
 
PBoC breaks silence over cash crunch
China's central bank speaks out about the credit crunch that saw interbank lending rates hit double digits, calling on big lenders to do more to restore calm
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/4VNR2F/1G/h?a1=2013&a2=6&a3=24
 
Berlusconi found guilty in sex trial
Former premier sentenced to seven years in prison and banned from holding public office after being convicted in Milan trial that lasted more than two years
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/1OJ9OL/1G/h?a1=2013&a2=6&a3=24
 

Financial Times - Europe homepage
 
Kabel Deutschland accepts Vodafone offer
UK mobile and telecoms operator offers €7.7bn for German cable company that provides telephone, broadband and TV services to 8.5m homes
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/20RSCI/1G/h?a1=2013&a2=6&a3=24
 
China stocks fall into bear market
The CSI 300, an index of shares listed in Shanghai and Shenzhen, has fallen 21% from February peak with midsized lenders worst hit in the sell-off
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/K92CSG/1G/h?a1=2013&a2=6&a3=24
 
Independent ENRC committee rebuffs offer
Committee says value of offer by founders of Kazakh miner to take the group private undervalues it and says it cannot recommend the $3bn bid
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/VTYKHT/1G/h?a1=2013&a2=6&a3=24
 

Financial Times - Asia homepage
 
Rio scraps plan to shed diamonds business
Miner says decision is 'best path to generate maximum value' for investors and comes after it had considered a number of 'strategic ownership options'
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/OFMZNB/1G/h?a1=2013&a2=6&a3=24
 
India scrambles to rescue flood victims
Armed forces race to evacuate thousands of Hindu pilgrims stranded in remote Himalayan temple towns, as forecasters warn of four days of rain ahead
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/FD6GYQ/1G/h?a1=2013&a2=6&a3=24
 
Qatar emir set to abdicate
Rare voluntary handover seen as a move to cement stability in state that has backed Arab spring rebels but is yet to hold parliamentary elections
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/871PMD/1G/h?a1=2013&a2=6&a3=24
 

World News
 
Warring Republicans endanger Obama agenda
Republican Speaker John Boehner's inability to control his caucus is bad news for backers of comprehensive immigration reform and a debt deal
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/3CFJC8/1G/h?a1=2013&a2=6&a3=24
 
Mandela's health remains critical
President Zuma visited the liberation hero on Sunday and was told by the medical team that he 'had become critical over the past 24 hours'
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/9MLU5A/1G/h?a1=2013&a2=6&a3=24
 
Lebanese soldiers clash with Sunni gunmen
Latest bout of violence in Lebanon is linked to the conflict in neighbouring Syria as armed groups take up the cause of the warring sides
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/EK8BDB/1G/h?a1=2013&a2=6&a3=24
 
Albania's opposition set for landslide win
A projection by the electoral commission shows that Edi Rama's left-of-centre coalition would capture 84 seats in the 140-member parliament
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/6APNAU/1G/h?a1=2013&a2=6&a3=24
 
Bernard Tapie held over fraud allegations
Ex French minister questioned in judicial inquiry into a €400m settlement received in a dispute with the state under former president Nicolas Sarkozy
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/Q34MP6/1G/h?a1=2013&a2=6&a3=24
 

Companies news and analysis - FT.com
 
Inquiry into Irish banking crisis urged
Recording of a phone conversation between two Anglo Irish executives suggests bank misled regulators as it sought help during financial crisis
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/RPW5UM/1G/h?a1=2013&a2=6&a3=24
 
Temasek warns over liquidity shortfall
The Singapore wealth fund says the policies being pursued by central banks in the developed world would further slow growth in emerging markets
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/A5T147/1G/h?a1=2013&a2=6&a3=24
 
Delta secures Virgin Atlantic stake
Carriers unveil code-share deal that will allow UK airline to offer customers a much bigger range of US destinations as it challenges BA
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/DXGHKK/1G/h?a1=2013&a2=6&a3=24
 
High cost of Wall Street municipal moves
Chicago's parking woes highlight rising tension between US cities and the banks, which have stepped in to offer to plug municipalities' deficits
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/LSAVS4/1G/h?a1=2013&a2=6&a3=24
 
Creditors upset over Brazil bankruptcy laws
Several lenders are seeking to draw JBS, the Brazilian meat company, into Doux Frangosul's bankruptcy case after it leased the latter's assets
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/1OJ90W/1G/h?a1=2013&a2=6&a3=24
 

Markets
 
China's Ponzi credit boom faces crunch
The PBoC, together with other agencies, is trying to get to grips with weakly implemented regulation and unstable funding risks
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/Z89E6W/1G/h?a1=2013&a2=6&a3=24
 
Dollar continues march forward
The dollar continues higher in the wake of the Federal Reserve's plans to tighten monetary easing, hitting its strongest level in more than two weeks
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/ULDXTB/1G/h?a1=2013&a2=6&a3=24
 
Mining sector losses weigh on FTSE
London's main index ticks slightly higher in early trade, helped by opening gains for Vodafone following its €7.7bn bid for Kabel Deutschland
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/6APNZR/1G/h?a1=2013&a2=6&a3=24
 
Who will be the next LME chief?
The current environment calls for a specialist who can handle discussions on new regulations in Europe and the exchange's planned expansion in China
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/IECOE2/1G/h?a1=2013&a2=6&a3=24
 
The brave should look to emerging markets
This sell-off has now lasted long enough to create a few bargains for those who can afford to hold on to their investments for a while
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/K92CSQ/1G/h?a1=2013&a2=6&a3=24
 

Financial Times - Comment
 
Republicans are out of step with the times
The gulf between the GOP base and the American middle ground is crippling the party's ability to agree on appealing presidential candidates
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/Z89E8R/1G/h?a1=2013&a2=6&a3=24
 
Rohani pulls Iran back to political centre
Iranians' desperate desire for change and political leaders alarmed at the country's economic turmoil combine to reject radicalism
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/DXGHK1/1G/h?a1=2013&a2=6&a3=24
 
The best cut of all? Shut the Treasury
It is not easy to find any other body that has made so many mistakes over such a long time and been so quick to pass the buck
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/JQV09F/1G/h?a1=2013&a2=6&a3=24
 
Mediation will not quell anger in Brazil
The emerging middle class bought into the dream of a more prosperous and equitable country and are now saying that it is time to start delivering
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/HI06EN/1G/h?a1=2013&a2=6&a3=24
 
A return to the American heartland
Nicole Bullock reviews 'Fate of the States' by Meredith Whitney, in which the analyst makes another bold call – this time on how the crisis will drive migration
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/K92CS2/1G/h?a1=2013&a2=6&a3=24
 

Financial Times - Management
 
Jürgen Geissinger, Schaeffler chief
The head of the manufacturing group – one of Germany's foremost 'hidden champions', wants to take his country's model of engineering global
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/A5T14W/1G/h?a1=2013&a2=6&a3=24
 
The New Lady of Threadneedle Street
Charlotte Hogg's appointment at the BoE is welcome but her role of chief operating officer is a sad succumbing to the language of corporate America
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/LSAVSW/1G/h?a1=2013&a2=6&a3=24
 
Art exhibition interpreter
I conduct months of research. I speak to the artists, though posthumous exhibitions make this a challenge, Helen Luckett tells Adam Palin
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/7ZU3ZH/1G/h?a1=2013&a2=6&a3=24
 
Dealing with rumours about you
It's usually best to keep a cool head and seek to clear the air even if the stories happen to be true. If you do a good job, one slur won't damage you much
http://link.ft.com/r/9ULF66/YGX3TX/EWTCE3/PFS79V/1OJ9OH/1G/h?a1=2013&a2=6&a3=24
 
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