World news: Obama hints at move for Bernanke, G8 seeks rewrite o...


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Financial Times
World news briefing:
Tuesday June 18 2013

World News
 
Obama hints at move for Bernanke
US president suggests he is prepared to let the Fed chairman retire despite the central bank facing a crucial decision over bond market withdrawal
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/OFMHGU/RF/h?a1=2013&a2=6&a3=18
 
G8 seeks rewrite of global tax rules
Call to establish mechanism to track where companies make profits as part of 10-point plan calling for greater transparency
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/7ZUDIM/RF/h?a1=2013&a2=6&a3=18
 
Cyprus leader calls for bailout overhaul
EU officials unlikely to take favourable view of letter from Nicos Anastasiades asking for changes to terms he says are suffocating economy
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/NR7TBT/RF/h?a1=2013&a2=6&a3=18
 
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/UXDMSS/06DDN0/ZBYFC4/DWMFYR/YGQA7V/RF/h?a1=2013&a2=6&a3=18
 
Carney appoints Bank of England COO
Appointment marks first big change at BoE and is designed to equip it for new tasks of monetary policy, financial stability and banking supervision
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/IEC3US/RF/h?a1=2013&a2=6&a3=18
 
World Cup win caps Iran's celebrations
Residents flood into Tehran's streets to celebrate qualifying and to recap the exultant scenes that greeted the election of Rohani on Saturday
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/B4HQSS/RF/h?a1=2013&a2=6&a3=18
 
Erdogan attacks 'traitors' over protests
Critics of Turkey's prime minister say he is indulging in the tradition of conspiracy theories as he mounts rallies to prepare the way for local elections next year
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/ULD0VO/RF/h?a1=2013&a2=6&a3=18
 
Switzerland delays US tax deal
Lower house refuses to debate bill that allows Swiss banks to hand over records to the US to resolve a dispute over tax evasion by Americans
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/B4HQSY/RF/h?a1=2013&a2=6&a3=18
 
Afghanistan to hold talks with Taliban
Afghanistan will hold peace talks with the Taliban in Qatar, Karzai said, a decision the White House described as "an important first step"
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/MJZLHT/RF/h?a1=2013&a2=6&a3=18
 
China launches first carbon market
Two Chinese companies bought emission permits through the Shenzhen Carbon Exchange, the first among seven regional trading platforms planned
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/NR7TBG/RF/h?a1=2013&a2=6&a3=18
 

The World Blog with Gideon Rachman
 
Why the UK is highly unlikely to arm Syrian rebels

A Syrian flag flies over the clock town in Qusair (STR/AFP/Getty Images)

By James Blitz and Elizabeth Rigby

Senior parliamentarians and government officials in Britain believe it is highly unlikely that the UK will transfer arms to moderate Syrian rebels at some future date because they believe David Cameron has lost the political support needed to make such a move.

For many months, Britain's prime minister has been the most forward-leaning of western leaders in arguing that the moderate rebels fighting Bashar al-Assad's regime may soon need arms from the west, partly to tilt the battlefield in their favour.

Last week, Mr Cameron's position received strong support from the Obama administration in the US, which finally announced that it would transfer arms to the rebels. However, any attempt by the UK to support such a move is now so firmly opposed by Mr Cameron's own Conservative MPs that he would be unlikely to win a vote in the House of Commons, leading politicians have told the FT.

Continue reading »
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/523XDV/RF/h?a1=2013&a2=6&a3=18
 
Pragmatism and piety: Iran's president-elect

Hassan Rohani ( ATTA KENARE/AFP/Getty Images)

Iranian voters rejected the hardline candidates in last weekend's presidential election in favour of Hassan Rohani, a 65-year-old reformist-backed cleric.

Known as the "diplomat sheikh", he is a former nuclear negotiator and convinced the regime to suspend uranium enrichment between 2003-2005. He has also served in Iran’s parliament and the security council.

Rohani "believes in the same pragmatic policies as Akbar Hashemi Rafsanjani, the former president who has been in alliance with reformist forces in recent years”, wrote Najmeh Bozorgmeh, the FT’s Tehran correspondent. “Mr Rafsanjani's backing for his campaign, and that of reformist leaders, was crucial to his victory."

Continue reading »
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/A5TE97/RF/h?a1=2013&a2=6&a3=18
 
In the Picture: Brazil's 'bus fare' protests

A demonstrator holds a Brazilian flag in front of a burning barricade during a protest in Rio de Janeiro on Monday

The protests sweeping Brazil began in São Paulo, the country’s commerical capital, last week as a demonstration by students against an increase in bus fares from R$3 to R$3.20 ($1.47) per journey. They have swelled into an outpouring of popular discontent over everything from the billions of dollars the 2014 football World Cup will cost the taxpayer to the police's heavy-handed reaction to last week’s protests. Commentators say they are probably the country’s largest since the end of the 1964-1985 dictatorship.

Here's a reading list to help assess whether they are likely to escalate further or fizzle.

Continue reading »
http://link.ft.com/r/UXDMSS/06DDN0/ZBYFC4/DWMFYR/OFMHGF/RF/h?a1=2013&a2=6&a3=18
 
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