In today's FT: Paris threat to block EU-US trade talks, EU plan to ...


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Financial Times
In today's FT
Thursday June 06 2013

Financial Times - UK Homepage
 
Paris threat to block EU-US trade talks
President François Hollande has made preserving the system a 'red line' for agreeing to talks aimed at boosting the US and European economies
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/9M1UIW/50/h?a1=2013&a2=6&a3=5
 
EU plan to remove Libor from London
Draft regulation calls time on era of self-regulation for hundreds of benchmarks and would move supervision from London to France-based Esma
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZAT0/50/h?a1=2013&a2=6&a3=5
 
Miliband to accept Osborne's spending cap
In a key policy switch designed to defuse the Tories' welfare weapon, the Labour leader will signal he will work within the chancellor's framework
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/HIO6FA/50/h?a1=2013&a2=6&a3=5
 

Financial Times - US homepage
 
FBI and Microsoft take down botnet network
Joint action took down more than 1,000 criminal 'botnets' that were responsible for more than $500m in bank fraud
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/4VFRW0/50/h?a1=2013&a2=6&a3=5
 
Quant hedge funds hit by bonds sell-off
Bond yields have risen from some of their lowest levels in decades in the past fortnight, leaving trend-following funds with large holdings badly hit
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/HIO6NG/50/h?a1=2013&a2=6&a3=5
 
Date set for trial of former SAC manager
Martoma allegedly recommended to Steven Cohen, founder of $15bn hedge fund, that SAC sell positions in Wyeth and Elan, developers of Alzheimer drug
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/GY68RA/50/h?a1=2013&a2=6&a3=5
 

Financial Times - Europe homepage
 
IMF admits to errors in bailout of Greece
The study says that the decision to force losses on private holders of Greek bonds, which was agreed in October 2011, should have occurred earlier
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/Q35MGP/50/h?a1=2013&a2=6&a3=5
 
China food demand to buoy grain prices
Annual agricultural outlook forecasts big rise in grain, soyabean and beef imports over the next 10 years, which is likely to support prices
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/SUW46B/50/h?a1=2013&a2=6&a3=5
 
Gabon seeks to reclaim Chinese oil assets
Tensions between the industry and nation's oil ministry come as a number of African countries attempt to wrest better terms from foreign multinationals
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/OF7ZHR/50/h?a1=2013&a2=6&a3=5
 

Financial Times - Asia homepage
 
China claims 'mountains of data' on cyber attacks by US
Beijing says it has been the victim of serious attacks by the US, increasing pressure on Barack Obama before a meeting with Xi Jinping this week
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/EKGBJ9/50/h?a1=2013&a2=6&a3=5
 
Indian stocks rally hits Fed roadblock
Indian optimism has found itself undone by Federal Reserve chairman Ben Bernanke, and his testimony to a congressional committee late last month
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZAT6/50/h?a1=2013&a2=6&a3=5
 
Abe sets out 'third arrow' of reforms
Japan's prime minister has offered targets but few details on how 'Abenomics' can create sustained growth but investor expectations have been raised
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/JQC0PT/50/h?a1=2013&a2=6&a3=5
 

World News - latest world news headlines - FT.com
 
Manning trial puts security state in dock
US army private's prosecution is taking place at the worst possible time for an administration under fire for its heavy-handed approach to alleged leakers
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/4VFRWX/50/h?a1=2013&a2=6&a3=5
 
Signs of torpor in US labour market
The image of mixed US business conditions was confirmed by the Fed's Beige Book report which described 'modest to moderate' growth across most of US
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZALY/50/h?a1=2013&a2=6&a3=5
 
Rice appointed national security adviser
US ambassador to the UN is replacing Tom Donilon next month, an appointment seen as a defiant gesture towards Republicans in Congress
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/T1XWO4/50/h?a1=2013&a2=6&a3=5
 
German minister defends ditching drones
Thomas de Maizière hits back amid calls for his resignation after cancellation of €660m contract to develop Euro Hawk reconnaissance aircraft
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/T1XWOX/50/h?a1=2013&a2=6&a3=5
 
China to investigate EU wine exports
China launches a trade probe into European wine exports less than 24 hours after the EU threatened Beijing with duties on solar panels
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/IE0O3N/50/h?a1=2013&a2=6&a3=5
 

Companies news and analysis - FT.com
 
P&G promotes possible Lafley successors
The move, which marks the first reform by newly returned chief executive, sets the four executives up as leading contenders to replace him
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/Q35MGV/50/h?a1=2013&a2=6&a3=5
 
Nikko AM to hire Shibata as chairman
Former Nomura chief operating officer joins as Japanese group splits top roles to step up its corporate governance ahead of an initial public offering in Tokyo
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/K9VCPW/50/h?a1=2013&a2=6&a3=5
 
Ruling feeds Samsung's confidence
ITC decision in favour of the South Korean company will support the latter's argument that the US group's reputation for innovative brilliance is exaggerated
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZATR/50/h?a1=2013&a2=6&a3=5
 
McClendon targets $1bn funds for new group
AEP intends to buy onshore US oil and gas assets and aims to 'build a best in class' exploration and production company, according to its website
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/RP458F/50/h?a1=2013&a2=6&a3=5
 
Argentina lifts freeze on Chevron assets
Plaintiffs are trying to collect on $19bn judgment for environmental damage in Ecuador dating back two decades to claims of pollution by Texaco
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/4VFRWW/50/h?a1=2013&a2=6&a3=5
 

Markets
 
SEC proposes radical money markets reform
US regulator suggests 'prime funds' be forced to let funds' share price 'float' or to keep the $1 share price and impose liquidity fees on withdrawals
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/XBIYVU/50/h?a1=2013&a2=6&a3=5
 
Record equities highs are far from crazy
The gradual rise in risky assets likely to continue as risk premia moderate further, and profits and dividends grow on the back of an improving global economic cycle
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/52NFWH/50/h?a1=2013&a2=6&a3=5
 
Equities slide as Fed uncertainty lingers
Doubts remain over when the US central bank might start winding down its bond purchases, while Japanese stocks dived after Prime Minister Abe's speech
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZALQ/50/h?a1=2013&a2=6&a3=5
 
Aluminium rallies on signs of output cuts
Prices have been hovering at three-year lows for most of the past 12 months as the market struggles with plentiful supplies and high inventories
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/PNM7B4/50/h?a1=2013&a2=6&a3=5
 
Materials losses send US stocks lower
Financials and consumer discretionary stocks are also among the biggest losers, as the Dow Jones Industrial Average falls through 15,000
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/CWHTQA/50/h?a1=2013&a2=6&a3=5
 

Financial Times - Comment
 
Google is this era's General Electric
Larry Page resembles Thomas Edison: the company he leads has boundless ambition and the capacity to deliver a flow of unexpected products
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/IE0O3O/50/h?a1=2013&a2=6&a3=5
 
China's sense of superiority and injustice
Contrary to the swagger with which China sometimes conducts itself on the international stage, in many ways Beijing has never felt more vulnerable
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/Q35MGA/50/h?a1=2013&a2=6&a3=5
 
France should copy Germany's reforms
Only a united Europe can stand a chance in a globalised political and economic world. Our model can be a beacon and a blessing for the world
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/NRZATN/50/h?a1=2013&a2=6&a3=5
 
Erdogan must work for all Turks
The large-scale protests have shaken Turkey, and are a milestone in its history, but the movement will not topple the prime minister
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/OF7ZHU/50/h?a1=2013&a2=6&a3=5
 
In it together – bar the pensioners
Despite UK austerity, never has there been a less apt time to pity granny and grandpa. They have never had it so good
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/RP458W/50/h?a1=2013&a2=6&a3=5
 

Financial Times - Management
 
Cloak, dagger and smartphone
Israel's high-tech and military capabilities have nurtured the rise of host of cybersecurity companies
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/20JS5W/50/h?a1=2013&a2=6&a3=5
 
Workplace English as she (or he) is spoke
Many now opt for the plural pronoun when they talk about people at work, so they can avoid any reference to gender
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/3CRJ4K/50/h?a1=2013&a2=6&a3=5
 
Google gets 'Frat pack' treatment
The film wouldn't work if the company wasn't willing to have a sense of humour about itself. Other tech companies do not have a sense of humour
http://link.ft.com/r/8P1R88/6A9N7U/HDGAS1/8ZCGLQ/CWHTQ6/50/h?a1=2013&a2=6&a3=5
 
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