In today's FT: G8 dispute breaks out on Syria arms, The world needs...


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Financial Times
In today's FT
Monday June 17 2013

Financial Times - UK Homepage
 
G8 dispute breaks out on Syria arms
Russian leader said his country was supplying arms to the 'legitimate government' in Damascus in line with international law
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/HI0EXE/82/h?a1=2013&a2=6&a3=16
 
The world needs global tax reform
The best G8 outcome would be an international agreement on how to link tax bases to real economic activity and limit letterbox subsidiaries
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/DXGKMJ/82/h?a1=2013&a2=6&a3=16
 
Iran crowds hail reformist victory
As moderate's win celebrated, names of jailed opposition leaders chanted by crowds still smarting at 2009 crackdown against Green movement
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/4VN26Y/82/h?a1=2013&a2=6&a3=16
 

Financial Times - US homepage
 
Trade deal set to benefit US more than EU
Americans' income will rise 13.4% while Europeans get 5% increase says Ifo, warning agreement would cut flows in Europe and hit developing countries
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/SUX1F8/82/h?a1=2013&a2=6&a3=16
 
Bid to relaunch synthetic CDO unravels
JPMorgan Chase and Morgan Stanley scrap plan to sell 'synthetic collateralised debt obligations' – after failing to find investors willing to take on all of the deal's different pieces
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/DXGKM5/82/h?a1=2013&a2=6&a3=16
 
Brazil hanging on for record IPO boom
If successful, the spin-off of unit of Votorantim conglomerate would take capital raised this year past previous record of $10bn in the first half of 2007
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/B4HWAV/82/h?a1=2013&a2=6&a3=16
 

Financial Times - Europe homepage
 
Unrest spreads across Istanbul
Prime minister addresses supporters as minister says anyone in Taksim Square, centre of anti-government protests, will be considered a terrorist
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/Z896LL/82/h?a1=2013&a2=6&a3=16
 
Aerospace trio pushes for European drone
EADS, Finmeccanica and Dassault want governments to get behind development of unmanned craft and challenge domination of US and Israeli interests
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/EK8DMV/82/h?a1=2013&a2=6&a3=16
 
French government swings behind F Tel chief
Group's board due to meet on Monday to review Richard's position following move by a court to place him under formal investigation for fraud
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/ULDT31/82/h?a1=2013&a2=6&a3=16
 

Financial Times - Asia homepage
 
Christie's and Sotheby's extend the bidding
As two auction houses look to develop new strategies, there are signs their tactics may be growing more distinct – setting scene for divergent fates
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/871MV7/82/h?a1=2013&a2=6&a3=16
 
North Korea proposes high-level US talks
The statement comes less than a week after the country called off negotiations with South Korea over economic co-operation projects
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/4VN26E/82/h?a1=2013&a2=6&a3=16
 
Gillard faces fresh pressure from Rudd
Kevin Rudd, ex Australian prime minister, adds fuel to the federal election fire with visits to key marginal seats that stamp his voter popularity
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/9ML52Q/82/h?a1=2013&a2=6&a3=16
 

World News
 
Claims UK spied on delegates at G20
According to the documents, GCHQ set up internet cafés and used an email interception programme and key-logging software to spy on G20 delegates' use of computers
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/LSAJYW/82/h?a1=2013&a2=6&a3=16
 
G8 forced to focus on global economy
The main actor, Ben Bernanke, chairman of the US Federal Reserve, will not even be at the G8 and will not speak until the day after it finishes
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/DXGKMS/82/h?a1=2013&a2=6&a3=16
 
Scandal forces Necas to quit as Czech PM
Government will have to step down leading to horse-trading between the governing coalition, the opposition and the president over a replacement
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/T1KLNM/82/h?a1=2013&a2=6&a3=16
 
French groups bow to pressure on high pay
Enhanced code of practice – presented to and approved by President François Hollande – will make French pay regime one of the toughest in the OECD
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/FD6Y4S/82/h?a1=2013&a2=6&a3=16
 
Italy issues decree to boost economy
Enrico Letta's Italian government has issued a decree of 80 measures to boost the economy, the first since the coalition took office in April
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/IECQK1/82/h?a1=2013&a2=6&a3=16
 

Companies news and analysis - FT.com
 
Co-op close to deal with regulator
Proposal to swap the mutual's £1.3bn of junior debt into new instruments will form the core plank of the restructuring
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/FD6Y5Z/82/h?a1=2013&a2=6&a3=16
 
JPMorgan set to launch asset tracking service
JPMorgan's move comes as rival banks and operators of market infrastructure are turning towards collateral management
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/DXGKMH/82/h?a1=2013&a2=6&a3=16
 
Europe's auto market gloom to last until 2019
Shift away from driving among older Europeans, falling ownership among young and more durable cars cited as trends harming car demand
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/1OJ0BC/82/h?a1=2013&a2=6&a3=16
 
Hypermarkets suffer midlife crisis
Fifty-year-old concept seeks relevance in modern era as it faces stiff competition from online rivals and changing, austerity-driven shopping habits
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/WHIBU6/82/h?a1=2013&a2=6&a3=16
 
Drugs groups face penalty over generics
Authorities in Europe and the US interpret payments to rival companies as anti-competitive behaviour and harmful to consumers
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/871MVA/82/h?a1=2013&a2=6&a3=16
 

Markets
 
China to launch pilot carbon market
Seven trial trading schemes will test Beijing's commitment to cutting greenhouse gas emissions before it decides whether to launch national system
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/DXGK7Z/82/h?a1=2013&a2=6&a3=16
 
Bond jitters threaten Europe's calm
In addition to a shift in expectation about US interest rates, there is quite a bit of bad news still to come out of the eurozone itself
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/CWBX71/82/h?a1=2013&a2=6&a3=16
 
Senior bank debt issues slump to decade low
Decline partly reflects widespread concern among investors about EU rules that aim to reduce cost of bank bailouts for taxpayers by forcing losses on creditors
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/9ML52K/82/h?a1=2013&a2=6&a3=16
 
Fed watched for any asset purchase move
Despite positive employment report for May, it seems unlikely that economic developments will convince the Fed to change tack this month
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/A5T4AL/82/h?a1=2013&a2=6&a3=16
 
Stockbrokers eye joint outsourcing
Backoffice plans herald unprecedented co-operation, reflecting difficult climate and the need to compete with banks
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/RPWURM/82/h?a1=2013&a2=6&a3=16
 

Financial Times - Comment
 
Obama needs to embrace US cities
America's ability to remain cutting edge in a world where most governments are investing in innovation is linked to the vitality of its cities
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/WHIBUM/82/h?a1=2013&a2=6&a3=16
 
Simplify the corporate tax system
The G8 and other international forums are precisely the places to decide on the highly complex, interconnected issue of company fiscal reform
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/9ML52F/82/h?a1=2013&a2=6&a3=16
 
West must be cautious over Iran election
Embracing Hassan Rohani too warmly could make it impossible for him to push for concessions in the nuclear negotiations with western powers
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/HI0EX0/82/h?a1=2013&a2=6&a3=16
 
Culture change could save UK banks
The industry needs to change and realigning the relationship between risk, responsibility and reward is at the heart of the Banking Commission report
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/MJZRIE/82/h?a1=2013&a2=6&a3=16
 
Justice is new front in war on poverty
Leaving the rule of law out of the UN millennium development goals was a mistake and the new development agenda must include measurable targets for it
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/FD6Y4E/82/h?a1=2013&a2=6&a3=16
 

Financial Times - Management
 
The power of a training in trade
The self-made tycoon keeps a low profile but has built one of India's biggest conglomerates and plans to stay true to his business model
http://link.ft.com/r/DHGUVV/4VQWN5/XTKJOM/VLPOYM/T1KLND/82/h?a1=2013&a2=6&a3=16
 
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