In today's FT: Fed fights back against ‘feral hogs’, Parts of world...


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Financial Times
In today's FT
Tuesday June 25 2013

UK Homepage
 
Fed fights back against 'feral hogs'
Richard Fisher, president of the Dallas Federal Reserve, warns that markets should not think the Fed will end up propping up the economy indefinitely
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/B4HH54/50/h?a1=2013&a2=6&a3=24
 
Parts of world becoming 'uninsurable'
Insurers are concerned that increasing number and value of properties being built along waterways and coastlines is pushing up costs when disasters strike
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/EK88XQ/50/h?a1=2013&a2=6&a3=24
 
Organised crime soars in wake of crisis
Black market in counterfeit foodstuffs, pharmaceuticals and machine parts doubled to a value of about €2bn in the early years of the recession
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/T1KKUB/50/h?a1=2013&a2=6&a3=24
 

Financial Times - US homepage
 
US attacks China as Snowden stays free
White House says new push to build 'strategic trust' has been dealt a 'serious setback' over China's decision to let whistleblower leave Hong Kong
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/SUXX3Y/50/h?a1=2013&a2=6&a3=24
 
Convertible bonds boom as rates rise
This month is set to be the most active for issuance in over two years, despite a markets sell-off that could slow bond offerings
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/CWBB52/50/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/VT5ND3/6VRT5E/AMATW8/FD66X0/50/h?a1=2013&a2=6&a3=24
 

Financial Times - Europe homepage
 
Google warns on EU web search rules
Significant restrictions would impede advances, such as voice-activated services, that promise to make search more useful, the US group has said
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/9MLLZ3/50/h?a1=2013&a2=6&a3=24
 
Qatar emir poised to cede power to his son
Rare voluntary handover seen as a move to cement stability in state that has backed Arab uprising but is yet to hold parliamentary elections
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/3CFF02/50/h?a1=2013&a2=6&a3=24
 
PBoC takes hard line over cash crunch
China's central bank finally speaks out about the credit crunch that saw interbank lending rates hit double digits, calling on lenders to help restore calm
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/PN55FV/50/h?a1=2013&a2=6&a3=24
 

Financial Times - Asia homepage
 
India plc goes shopping
As the country's big corporations make more and more overseas deals, they can learn lessons from the successes of their domestic peers
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/1OJJ8B/50/h?a1=2013&a2=6&a3=24
 
Europol battles cyber 'bands of brothers'
Sophisticated gangs combining computer hackers and financial services experts are able to exploit weaknesses in financial system, says crime agency
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/HI00YN/50/h?a1=2013&a2=6&a3=24
 
Deal to help revive Afghan clothes trade
Yorkshire textile company processes wool from Herat province after the Pentagon recruited British expert to help country compete in cashmere market
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/A5TTMX/50/h?a1=2013&a2=6&a3=24
 

World News
 
Leftwing groups were targeted by IRS
Other groups selected for extra scrutiny included ones promoting medical marijuana, further suggesting that the IRS had many targets beyond conservatives
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/Z899GH/50/h?a1=2013&a2=6&a3=24
 
Germany pushes plan for EU-Turkey talks
Other member states say the proposal is unlikely to break the deadlock over how to react to Ankara's crackdown on largely peaceful domestic protests
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/8711AC/50/h?a1=2013&a2=6&a3=24
 
Samaras reshuffles Greek cabinet
Pasok leader Evangelos Venizelos joined the government as deputy premier and foreign minister after backing the reform effort from behind the scenes
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/3CFFOL/50/h?a1=2013&a2=6&a3=24
 
Egyptian activists refuse to negotiate
Tamarrod, which says it has collected 15m signatures calling for early presidential elections, says 'departure of Morsi' is only, and final, demand
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/LSAA9J/50/h?a1=2013&a2=6&a3=24
 
Barroso responds to French attack
The European Commission president has hit back against Arnaud Montebourg, the leftwing industry minister, who accused him of fueling rightwing populism
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/OFMMJE/50/h?a1=2013&a2=6&a3=24
 

Companies news and analysis - FT.com
 
Repsol faces pressure to strike YPF deal
The largest and third-largest shareholders in the Spanish oil group call on it to agree limited compensation for the expropriation
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/1OJJ83/50/h?a1=2013&a2=6&a3=24
 
Investor advisory group lobbied in Dell fight
Independent directors and dissident investor Carl Icahn take their rival arguments over disputed $22.4bn buyout of PC maker to an influential shareholder advisory group
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/9MLL7Y/50/h?a1=2013&a2=6&a3=24
 
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/VT5ND3/6VRT5E/AMATW8/DXGGWP/50/h?a1=2013&a2=6&a3=24
 
Snapchat valuation hits $800m
Although Snapchat is yet to prove that its business model can be successful, its valuation has increased in line with its skyrocketing usage
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/NR77JG/50/h?a1=2013&a2=6&a3=24
 
Vodafone seals €7.7bn union with Kabel
British 'data company' secures a 'full, but fair' €7.7bn takeover deal three years after first flirting with the German cable group
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/B4HH5M/50/h?a1=2013&a2=6&a3=24
 

Markets
 
US equities trim early losses
Markets saw volatile trading as investors continued to get to grips with the implications of a credit squeeze in China and the prospect of Fed "tapering"
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/CWBB44/50/h?a1=2013&a2=6&a3=24
 
Eurozone bond yields jump in sell-off
Spanish and Italian debt rise and yields on 10-year UK gilts jump as part of a global bond market sell-off accelerated by announcement on QE tapering
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/RPWWN4/50/h?a1=2013&a2=6&a3=24
 
Junk bond investors burnt in Fed retreat
Hardest hit casualties of a rout in high yielding debt have been the more esoteric or lowly rated credits into which investors were pouring money
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/5233CR/50/h?a1=2013&a2=6&a3=24
 
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/VT5ND3/6VRT5E/AMATW8/A5TTM9/50/h?a1=2013&a2=6&a3=24
 
Copper hits three-year low
The spike in short-term lending rates in China, together with softer data on the economy, has rattled metals and mining investors
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/OFMMRL/50/h?a1=2013&a2=6&a3=24
 

Financial Times - Comment
 
Things could get gloomier for Britain
If global events decide so much in the UK, there is not much reason for the optimism. Too many things in too many places can still go wrong
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/NR77SA/50/h?a1=2013&a2=6&a3=24
 
Sri Lanka summit taints Commonwealth
Leaders of democratic nations should be feeling sick about accepting hospitality from a government with so grim a human rights record
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/CWBB5B/50/h?a1=2013&a2=6&a3=24
 
A manifesto for British banking
In order for the public and markets to regain trust in the industry, a revolution in management, supervision and ethics is required
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/NR77JH/50/h?a1=2013&a2=6&a3=24
 
The century of cities will change politics
Today's urban citizens want to be listened to; they want their city to work better and more equitably; they want dignity. Ignore them and they revolt
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/LSAA9B/50/h?a1=2013&a2=6&a3=24
 
Good leaders don't always need a vision
Leadership is not merely inspiring people but involves a capacity for creating and maintaining institutions that allow effective, moral implementation
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/PN55F0/50/h?a1=2013&a2=6&a3=24
 

Financial Times - Management
 
When the hard sell comes from the head
Although owners and founders are more promotable than paid managers, chief executives are not the obvious choice for prolonged advertising campaigns
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/JQVVI2/50/h?a1=2013&a2=6&a3=24
 
Huggies bonds with expectant dads
The company has designed a belly that can be worn by a man so that he can experience the same foetal sensations as his pregnant partner
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/T1KKPS/50/h?a1=2013&a2=6&a3=24
 
Establishing a pan-African bank
Ecobank succeeded in attracting and retaining talented employees by providing them with a compelling story and a strong sense of purpose
http://link.ft.com/r/9ULF66/VT5ND3/6VRT5E/AMATW8/HI00DZ/50/h?a1=2013&a2=6&a3=24
 
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Video
Lex
Vodafone’s German deal picks up

Vodafone agrees a price with Kabel Deutschland as it moves to grow its German market and offer better packages to customers. Yet, the deal is not quite complete. Lex’s Vincent Boland and Nikki Tait wonder if Liberty Global will make a counter bid.


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