In today's FT: G8 shifts on isolating Putin over Syria, EU and US l...


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Financial Times
In today's FT
Tuesday June 18 2013

Financial Times - UK Homepage
 
G8 shifts on isolating Putin over Syria
G8 communiqué being drafted by British officials will attempt to find whatever common ground it can, including a condemnation of use of chemical weapons
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/Q34LEB/SN/h?a1=2013&a2=6&a3=17
 
EU and US launch trade talks
Talks launched but France's ruling Socialist party lashes out at José Manuel Barroso over Paris push to exclude films and music
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/CWBYV1/SN/h?a1=2013&a2=6&a3=17
 
Co-op Bank restructuring marks end of an era
The Co-op group outlines plans to raise £1.5bn for its struggling banking division which will involve issuing new bonds and equity
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/1OJ21S/SN/h?a1=2013&a2=6&a3=17
 

Financial Times - US homepage
 
Fed likely to signal tapering move is close
Bernanke is likely to signal that further tapering depends on further improvement in the economy and in no way brings forward an interest rate rise
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/A5TK0Z/SN/h?a1=2013&a2=6&a3=17
 
Peña Nieto promises radical Pemex reform
Mexico's new president vows that liberalisation of the country's energy sector will transform the economy while giving investors certainty
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/XBEONF/SN/h?a1=2013&a2=6&a3=17
 
Brazil's 'bus fare' protests gather pace
Tens of thousands of people march through the streets of São Paulo and Rio de Janeiro to show their discontent with the nation's political class
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/1OJ21Y/SN/h?a1=2013&a2=6&a3=17
 

Financial Times - Europe homepage
 
Liberty Global enters race for KDG
Indicative offer by John Malone's media group for Germany's largest cable operator is €85 per share, surpassing Vodafone's bid of about €80 a share
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/9MLXO0/SN/h?a1=2013&a2=6&a3=17
 
Turkey steps up moves against protesters
Ankara is to introduce new measures against social media as it continues its crackdown and has warned striking unions not to join the demonstrations
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/20RALH/SN/h?a1=2013&a2=6&a3=17
 
Rohani pledges nuclear transparency
Iran's president-elect raises hopes for faster progress on negotiations, in which world powers want Iran to curb most controversial parts of programme
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/SUXH93/SN/h?a1=2013&a2=6&a3=17
 

Financial Times - Asia homepage
 
Starboard calls for Smithfield break-up
Activist investor with 5.7% of Smithfield Foods calls for break-up of US pork producer as alternative to planned takeover by China's Shuanghui
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/YGQ03F/SN/h?a1=2013&a2=6&a3=17
 
Bolton 'disappointed' with China record
A focus on smaller mainland Chinese companies left Anthony Bolton with little chance of outperforming a stagnant market
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/GYO97I/SN/h?a1=2013&a2=6&a3=17
 
Indonesia approves fuel price rise
After heated debate parliament approves 44 per cent increase in the country's main fuel price and package of measures to mitigate impact on the poor
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/Z89CP9/SN/h?a1=2013&a2=6&a3=17
 

World News
 
Samaras buckles in wake of ERT ruling
Greek PM was forced to backtrack and make concessions to his coalition partners after the council of state ordered the broadcaster's reopening
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/DXGI2Y/SN/h?a1=2013&a2=6&a3=17
 
Czech PM quits over bribe and spy scandal
About 400 police from the organised crime unit have raided the prime minister's office, several ministries, and the residences of various lobbyists
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/3CFZTT/SN/h?a1=2013&a2=6&a3=17
 
China breaks silence over Snowden claims
China demands that the US explain extensive internet surveillance revealed by Edward Snowden, and rejects suspicions that he was spying for Beijing
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/ULDGJ5/SN/h?a1=2013&a2=6&a3=17
 
Chen accuses NYU of bowing to Beijing
Chen Guangcheng, the Chinese activist who escaped to US in 2012, claims New York University's move to ask him to leave is result of Beijing pressure
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/523MBL/SN/h?a1=2013&a2=6&a3=17
 

Companies news and analysis - FT.com
 
UK prepares charges against Libor trader
Serious Fraud Office, has publicly promised significant action in the Libor investigation by the end of the month
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/HI0SML/SN/h?a1=2013&a2=6&a3=17
 
Lord Browne to advise Alfa on oil deals
Russian group appoints ex-BP chief as it looks to spend some of the $14bn from the sale of TNK-BP, the group they created after an acrimonious feud
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/XBEON0/SN/h?a1=2013&a2=6&a3=17
 
The deals that left Co-op in crisis
Britannia transaction looked exciting on paper, but four years on has clearly wreaked havoc not just on mutual bank but on integrity of whole group
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/XBEONB/SN/h?a1=2013&a2=6&a3=17
 
Airbus confident of climbing above Boeing
Fabrice Brégier, chief executive, insists European group could replace US rival as leader in the lucrative long-haul, twin-engine aircraft market
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/RPWTQ5/SN/h?a1=2013&a2=6&a3=17
 
Rule change to open US high-speed rail
New US rules setting out standards for how well trains should stand up to a crash will allow trains built on European principles to operate in the US
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/T1KBS4/SN/h?a1=2013&a2=6&a3=17
 

Markets
 
Asia investors cautious ahead of Fed meeting
Stocks edge lower ahead of Ben Bernanke's press conference on Wednesday, with traders looking for any hints about a possible 'tapering' of QE
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/WHI6FG/SN/h?a1=2013&a2=6&a3=17
 
UK agrees EU deal on City regulation
A deal between the countries reviewing the EU's key markets legislation represents a significant step forward after 30 months of fierce negotiations
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/9MLXOB/SN/h?a1=2013&a2=6&a3=17
 
Bond stampede fear spurs race for reform
After the scares of the past month, the race is on to find ways to improve liquidity in the bond market, where, unlike stocks, it can often be tricky to find buyers and sellers
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/3CFZT4/SN/h?a1=2013&a2=6&a3=17
 
QE addiction may be hard to kick
Difficulty of exit is complicated by the size of the intervention as well as the reliance of financial markets on support measures, says Satyajit Das
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/YGQ035/SN/h?a1=2013&a2=6&a3=17
 
Bolton retires after failing to crack China
Although performance in the Fidelity China Special Situations fund has improved recently, shares in the fund are below their 2010 launch price
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/871W6L/SN/h?a1=2013&a2=6&a3=17
 

Financial Times - Comment
 
The west's Mideast dominance is ending
Those urging the US to get more involved in Syria are living in the past. Fundamental changes make it unrealistic for America to dominate the region
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/FD6QZF/SN/h?a1=2013&a2=6&a3=17
 
Britain is served well by its political class
In many democracies, politicians have tried to fend off reality with wishful thinking, half-measures and partisan rancour. The UK's elites have behaved better
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/YGQ037/SN/h?a1=2013&a2=6&a3=17
 
Make privacy part of US-EU trade talks
It is time for American and European citizens to take action to address the threat from the public-private partnership for surveillance
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/1OJ21F/SN/h?a1=2013&a2=6&a3=17
 
Europe remains open to bank blackmail
The priority should be to put in place an independent institution to wind up insolvent lenders, not guarantee the survival of big institutions
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/3CFZTK/SN/h?a1=2013&a2=6&a3=17
 
Technology can help kill corruption
Reforms needed to strengthen institutions will be given a boost when old-fashioned ways of keeping accounts are handled by smart tools
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/7ZU484/SN/h?a1=2013&a2=6&a3=17
 

Financial Times - Management
 
Swiss banks' new calculations
The country's famously private institutions are having to adjust the way they operate as secrecy comes under increasing scrutiny
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/MJZ3KS/SN/h?a1=2013&a2=6&a3=17
 
Private life isn't off-limits for boards
Given what is at stake, directors who focus on the boardroom and ignore what's going on in the bedroom are making a big error
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/YGQ03W/SN/h?a1=2013&a2=6&a3=17
 
Nivea Sun's solar phone charger
The skincare company is helping its customers to stay connected even on the beach – by giving them a free method of charging their phones
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/1OJ21Z/SN/h?a1=2013&a2=6&a3=17
 
Li-Ning lost out to foreign rivals in China
The Chinese sportswear company fell behind Nike and Adidas because it failed to innovate sufficiently or to adapt its brand to a changing market
http://link.ft.com/r/OZMCDD/3CEDKL/A7P8KJ/PFSGUQ/871W8V/SN/h?a1=2013&a2=6&a3=17
 
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Video
Lex
Anthony Bolton announces retirement

Anthony Bolton has announced his retirement from Fidelity China Special Situations investment trust after three years. Lex's Oliver Ralph and Vincent Boland discuss the fund's performance and whether Mr Bolton was able to replicate the success he enjoyed in the UK.


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