In today's FT: US funds left bruised by heavy bond losses, ECB shun...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/TWK799/IE0TW8/P54FKU/QFZDL0/   In today's FT Tuesday June 04 2013 Financial Times - UK Homepage   US funds left bruised by heavy bond losses US funds investing in higher-rated bonds with average maturities of under 10 years lost an average 1.8% in May, the worst performance since 2008 http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/Q35VFH/GX/h?a1=2013&a2=6&a3=3   ECB shuns 'big bazooka' to boost lending A review suggests the blockage in lending remains weakened bank balance sheets which would not warrant direct intervention in the SME borrowing process http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/IE0HYC/GX/h?a1=2013&a2=6&a3=3   Whitehall needs business lesson, says Browne Review assessing role of departmental non-execs to say central government still lacks rigorous financial management and needs integrated purchasing http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/FD81KW/GX/h?a1=2013&a2=6&a3=3   Financial Times - US homepage   White House unveils new Iran sanctions The new measures – the ninth set of sanctions the Obama administration has imposed – include wide-ranging prohibitions on Iran's autos sector http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/Z8QXBY/GX/h?a1=2013&a2=6&a3=3   US regulators name groups for more supervision Process has sparked arguments over whether the increased US government oversight is a 'badge of honour' or a 'scarlet letter' for a designated company http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/SUWA3K/GX/h?a1=2013&a2=6&a3=3   French minister accuses Amazon of dumping Attack on Amazon comes despite establishment in France by company of big distribution centres, the most recent of which opened a year ago http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/7ZPS2Z/GX/h?a1=2013&a2=6&a3=3   Financial Times - Europe homepage   Brussels bank plans clash with Berlin Commission proposals to give itself powers to shut down lenders largely ignore German legal and political concerns and objections to centralisation http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/A5LF7I/GX/h?a1=2013&a2=6&a3=3   Erdogan blames extremists as stocks fall The sell-off accelerated as the PM accused protesters of walking 'arm-in-arm with terrorism' and the Republican People's party of an 'active' role in the unrest http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/GY6LKI/GX/h?a1=2013&a2=6&a3=3   Asian shares hit by profit-taking Weak US data ease bond-buying concerns http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/LS28QC/GX/h?a1=2013&a2=6&a3=3   Financial Times - Asia homepage   Indonesia orders Freeport to shut mine Operations suspended at Grasberg site for three months while government completes an investigation into incident that killed 28 people http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/Q35VFC/GX/h?a1=2013&a2=6&a3=3   China plans multimillion Ethiopia investment Huajian has signed an agreement with a private equity fund owned by China Development Bank to invest jointly $2bn over 10 years in manufacturing clusters http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/OF70JU/GX/h?a1=2013&a2=6&a3=3   Cyber theft: A hard war to wage A furious and frustrated White House has accused China of stealing corporate secrets but fears that any act of retaliation will spark a trade war http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/4VFE0P/GX/h?a1=2013&a2=6&a3=3   World News - latest world news headlines - FT.com   Discontent offers hope for opponents Leaderless movement could yet benefit his rivals within the Islamist-rooted tradition from which the prime minister comes as well as the formal opposition http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/JQCBIZ/GX/h?a1=2013&a2=6&a3=3   Obamacare's online market put to test One of the big issues facing the exchanges is whether the massive information technology undertaking will function seamlessly http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/NRZOS3/GX/h?a1=2013&a2=6&a3=3   Brussels to recommend Latvia joins euro Latvian membership seen as a chance to tout single currency's continued attractiveness but implementing anti-money laundering rules 'remains key' http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/VTDM1D/GX/h?a1=2013&a2=6&a3=3   Secrecy surrounds start of WikiLeaks trial The trial of Bradley Manning, 25, is the most high-profile military court hearing in decades given his role in the biggest ever leak of classified information to the media http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/Z8QXBO/GX/h?a1=2013&a2=6&a3=3   France cuts tax breaks for better-off €1.7bn savings are first step in a series of reforms promised this year by President François Hollande to tackle social welfare system http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/MJA69P/GX/h?a1=2013&a2=6&a3=3   Companies news and analysis - FT.com   Apple denies charges over ebook prices Tech group says charges brought by Department of Justice's lawsuit last year were wrong and did not accurately represent Apple's business practices http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/CWH35P/GX/h?a1=2013&a2=6&a3=3   Lonmin mine shootings raise tensions Union official is shot dead and 1,000 workers are dismissed after a wildcat strike, highlighting the strife facing companies in the sector http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/Z8QXBD/GX/h?a1=2013&a2=6&a3=3   Billabong tumbles as takeover talks end Shares slide more than 40% as troubled Australian surfwear group ends long-running takeover talks and cuts forecasts for third time in six months http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/VTDM1V/GX/h?a1=2013&a2=6&a3=3   Zynga to cut jobs as games underperform Company grew quickly as it became biggest games publisher on Facebook, but has been retrenching over the past year as new titles have disappointed http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/FD81XK/GX/h?a1=2013&a2=6&a3=3   FedEx grounds aircraft to save costs FedEx is one of many operators to have sought to replace older, fuel-hungry aircraft with younger, more efficient models because of high fuel prices http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/GY6LDK/GX/h?a1=2013&a2=6&a3=3   Markets   Physical oil gets tight as Brent slides The market for low-quality, high-sulphur crude that makes up the bulk of the production of the Middle East and Russia, the world's two main sources of oil exports, is tightening http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/3CRIOG/GX/h?a1=2013&a2=6&a3=3   US packaged car loan deals slump Data suggest lenders, including major US banks and car manufacturers, are finding alternative sources of cheap funding, such as customer deposits or unsecured borrowing http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/WHY5L3/GX/h?a1=2013&a2=6&a3=3   EM assets hit by fears of slowing Fed QE Investors weigh the prospects for emerging market assets in the light of a slowdown or end to the US Federal Reserve's bond-buying programme http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/PNMCRI/GX/h?a1=2013&a2=6&a3=3   Lower yen could pop China's asset bubbles China's real exchange rate has become overvalued, and it is heavily exposed to developed world countries ratcheting down their real exchange rates http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/9M1RZI/GX/h?a1=2013&a2=6&a3=3   Dollar falls through Y100 on weak US data Surprise dip in US manufacturing output sends the US currency sharply lower while sterling rises against the dollar on UK economy hopes http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/NRZOSY/GX/h?a1=2013&a2=6&a3=3   Financial Times - Comment   Obama and Xi must halt a risky rivalry The real difficulty is over the apparent Chinese desire to carve out a 'sphere of influence' in its immediate neighbourhood of east Asia http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/XBI4TF/GX/h?a1=2013&a2=6&a3=3   Erdogan is proving the protesters right The prime minister of Turkey has been heavy-handed in his reaction to a protest against heavy-handed rule http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/LS28Q8/GX/h?a1=2013&a2=6&a3=3   Politics catches up with age of austerity Political parties will be confronted with hard choices about the role of the state http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/JQCBID/GX/h?a1=2013&a2=6&a3=3   Turkey's protesters have been let down People are angry about a political class that has turned violent to prevent exposure of its weaknesses http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/3CRIOJ/GX/h?a1=2013&a2=6&a3=3   How Abe could win the peace prize A grand gesture costing little will endear Japan to its neighbours and present it with a better case against China and Russia http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/CWH350/GX/h?a1=2013&a2=6&a3=3   Financial Times - Management   Sensory ploys and the scent of marketing Global brands have become increasingly aware of the power of sight, smell, touch and sound to influence purchasing behaviours http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/RP42NO/GX/h?a1=2013&a2=6&a3=3   A classic recipe for business success The group owes much of its success to a strategy in which experienced managers are drafted in to help newcomers get off the ground http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/PNMCRO/GX/h?a1=2013&a2=6&a3=3   Kraft changed its biscuits for China Sales of the black and white Orio crumbled until the manufacturer departed from the head office line, write Srinivas Reddy andKevin Sproule http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/52NQCY/GX/h?a1=2013&a2=6&a3=3   Irn-Bru a 'New Fella' Combining patriotism, football and humour the Scottish favourite scores again with a memorable ad that manages to use bad taste in a good way http://link.ft.com/r/TWK799/DXPF67/OJ2XU6/C4ZGFD/HIOTDA/GX/h?a1=2013&a2=6&a3=3   Special Reports - FT.com Modern Energy The Millennial Generation The New Colombia Video Lex Turkey fears more violence The recent protests in Turkey have hit its stock market, which fell 8 per cent due to fears of more violence. Lex’s Vincent Boland and Oliver Ralph discuss what still needs to be done to aid Turkey’s long term progress. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..