In today's FT: Shale could fuel world for decade, says US, Cameron ...


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Financial Times
In today's FT
Tuesday June 11 2013

Financial Times - UK Homepage
 
Shale could fuel world for decade, says US
The US Department of Energy estimated "technically recoverable" shale oil resources of 345bn barrels in 42 countries it surveyed
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/GY6APV/CM/h?a1=2013&a2=6&a3=10
 
Cameron rejects claims GCHQ broke law
Premier says UK secret services acted properly when questioned about revelations that US was secretly snooping on personal data via internet companies
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/9M189J/CM/h?a1=2013&a2=6&a3=10
 
Apple takes fight to rivals with redesign
The high-specification Mac Pro will be made in the US, a first for a Mac product in many years
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/1OSPWB/CM/h?a1=2013&a2=6&a3=10
 

Financial Times - US homepage
 
SoftBank raises offer for Sprint Nextel
Announcement comes a day before vote on Japanese group's offer, which faces a challenge from Dish's $25.5bn move for the number three US mobile operator
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/EKGV3W/CM/h?a1=2013&a2=6&a3=10
 
Calls for whistleblower to be extradited
Former CIA staffer said in Hong Kong he had passed documents about surveillance of phone calls and emails to The Guardian and the Washington Post
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/OF7K85/CM/h?a1=2013&a2=6&a3=10
 
US security focus shifts to private sector experts
The NSA revelations are casting a light on the close ties and revolving doors between private and public that characterise the intelligence business
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/CWH0FI/CM/h?a1=2013&a2=6&a3=10
 

Financial Times - Europe homepage
 
US targets virtual currencies tax fraud
IRS opens new front on evasion with anonymously traded currencies such as Bitcoin after arrests of five individuals associated with Liberty Reserve
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/LS24HK/CM/h?a1=2013&a2=6&a3=10
 
EU rules curb options to reshape RBS
New controls on bank bailouts require shareholders and junior bondholders to suffer losses as condition of approval for public support
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/JQCML6/CM/h?a1=2013&a2=6&a3=10
 
Equities struggle but dollar moves ahead
Shares find limited support from last week's US jobs report but a barrage of disappointing economic data from China limits gains
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/3CR1KS/CM/h?a1=2013&a2=6&a3=10
 

Financial Times - Asia homepage
 
SAC Capital case nears breakthrough
Battle over files of Dr Sidney Gilman, a former professor of neurology, has become pivotal in investigation of ex-SAC Capital employee Mathew Martoma
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/1OSPXZ/CM/h?a1=2013&a2=6&a3=10
 
Cricket's richest league looks to sweep away tainted image
The game's governing body has unveiled a 12-point reform plan, including a new code of conduct for players, to rescue the Indian Premier League
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/Q35Y00/CM/h?a1=2013&a2=6&a3=10
 
Struggling Indian rupee hits record low
The currency's slide is part of a wider emerging markets sell-off but complicates the economic challenges that are facing New Delhi
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/IE07LS/CM/h?a1=2013&a2=6&a3=10
 

World News
 
US Senate to debate immigration reform
Senate's move is considered crucial for injecting momentum into floundering House efforts, and Barack Obama will urge lawmakers to pass the bill
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/SUWECI/CM/h?a1=2013&a2=6&a3=10
 
Hizbollah warns of push on Aleppo
Clashes in villages outside Aleppo and pro-regime media point to the possible targeting of the rebel-held city by the Assad government
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/SUWEC7/CM/h?a1=2013&a2=6&a3=10
 
Erdogan bites hand that feeds Turkey
PM attacks not just the demonstrators who have occupied Istanbul's central Taksim Square, but also what he calls the interest rate lobby    
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/20JUK4/CM/h?a1=2013&a2=6&a3=10
 
Iran poor loyal to regime amid crisis
Mahmoud Ahmadi-Nejad's economic populism and hardline foreign policy have resulted in tighter international sanctions and a rise in poverty
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/Q35YOE/CM/h?a1=2013&a2=6&a3=10
 
S&P lifts outlook on US credit rating
The rating agency says its action reflects its view of the strengths of the US economy as well as the dollar's reserve currency status
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/DXBCNF/CM/h?a1=2013&a2=6&a3=10
 

Companies news and analysis - FT.com
 
Apple revamp may not go far enough
Despite improvements to under-the-covers features such as app multitasking and upgrades to Siri, some analysts had hoped for more radical changes
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/NRZX8J/CM/h?a1=2013&a2=6&a3=10
 
Terra Firma to list Deutsche Annington
Guy Hands' group to float around 25% German group with 180,000-property portfolio before the end of the year and hopes to raise €1bn
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/YGEF52/CM/h?a1=2013&a2=6&a3=10
 
Kinross Gold scraps $1.3bn Ecuador project
Canadian group says it will not proceed with further development of Fruta del Norte mine, adding that the economics do not make sense for investors
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/FD82PQ/CM/h?a1=2013&a2=6&a3=10
 
Microsoft reveals prices for Xbox consoles
The company shows its hand in the console wars ahead of a presentation by Sony, where the PlayStation 4 is expected to be unveiled for the first time
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/1OSPWY/CM/h?a1=2013&a2=6&a3=10
 
Murdoch empire readies for big split
There is little doubt on the outcome of the vote to break up News Corp. What is less clear is how many shareholders will remain with both companies
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/FD8235/CM/h?a1=2013&a2=6&a3=10
 

Markets
 
Asian shares lack direction
Markets put in a mixed performance with investors focused on BoJ policy decision and Fed tapering debate
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/LS24BE/CM/h?a1=2013&a2=6&a3=10
 
Euro banks cut cross-border debt holdings
The striking 're-domestication' of eurozone bond markets is emerging as a significant side effect of six years of financial turmoil
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/PNMD65/CM/h?a1=2013&a2=6&a3=10
 
The Fed has turned markets upside down
Equities are being sought for a source of income, and bonds for capital gains: a fascinating reversal, says David Rosenberg
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/87UG95/CM/h?a1=2013&a2=6&a3=10
 
Investors gain from lower funding costs
Collateral shortages help drive down overnight rates even as long-term rates rise, to the benefit of leveraged investors such as mortgage Reits
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/LS24HV/CM/h?a1=2013&a2=6&a3=10
 
HK equities hit by China and Fed effect
Thanks to Hong Kong's dollar peg, the territory's markets are caught between the US Federal Reserve's policy musings and slowing Asian growth
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/9M18SI/CM/h?a1=2013&a2=6&a3=10
 

Financial Times - Comment
 
The spies will win the privacy fight
Most people accept there are legitimate reasons for states to monitor what is going on in cyber space. I am on the complacent end of the spectrum
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/3CR1DX/CM/h?a1=2013&a2=6&a3=10
 
NSA is upholding, not subverting, the law
Had Edward Snowden witnessed a colleague listening in on privileged conversations, he might have reported it to the inspector-general
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/K9V5TV/CM/h?a1=2013&a2=6&a3=10
 
UK diplomacy must boost UK business
A government's foreign policy is about setting priorities. David Cameron is right to choose the global race. He just has trouble making it the priority
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/1OSPWU/CM/h?a1=2013&a2=6&a3=10
 
A subtle success in US-China relations
The weekend presidential summit provides the capacity to build a high-level political mechanism to manage the challenges facing the global order
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/NRZXGX/CM/h?a1=2013&a2=6&a3=10
 
The ECB must open itself up
The debate about policy should take place within the ECB – not in public and not via the media. Providing minutes would achieve this
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/YGEF5G/CM/h?a1=2013&a2=6&a3=10
 

Financial Times - Management
 
Tales from trailing husbands
As women are taking more senior job postings abroad, stay-at-home men who accompany their wives overseas are looking for support
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/JQCMLB/CM/h?a1=2013&a2=6&a3=10
 
A closed cabal can be good for business
Whether at corporate or cabinet level, openness is not always the best option and sometimes, I'm sorry to have to reveal, secrecy improves efficacy
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/Z8QN51/CM/h?a1=2013&a2=6&a3=10
 
GiffGaff's 'Don't Be Scared' advertisement
The mobile network's spot featuring zombies in a British village is occasionally revolting and the undead fail as a cute brand association
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/XBIR79/CM/h?a1=2013&a2=6&a3=10
 
Using digital to explain a product
Hiperbaric, a Spanish maker of machines for the food industry, had to educate potential buyers of the benefits of its relatively new but expensive technology
http://link.ft.com/r/TWK799/NROY2E/5CJLMI/U13PU4/Z8QN46/CM/h?a1=2013&a2=6&a3=10
 
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