Asia AM: Ballmer shakes up Microsoft structure, Markets calme...

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/DHGUVV/9MTGUW/P54FKV/72FH4Q/   Asia AM Friday July 12 2013 Financial Times - Asia homepage   Ballmer shakes up Microsoft structure Push to position the software company better to come up with new computing experiences that take advantage of the mobile devices and services http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/OF5XMO/T3/h?a1=2013&a2=7&a3=11   Markets calmed by 'dovish' Bernanke Federal Reserve chairman's insistence on a long period of monetary accommodation helped US stocks to levels above their previous record close http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/ULYQD4/T3/h?a1=2013&a2=7&a3=11   Transatlantic swaps deal averts crunch Truce in the turf war over policing derivatives removes uncertainty for dealers such as Barclays and Deutsche Bank over who regulates them http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/JQ27VM/T3/h?a1=2013&a2=7&a3=11   China accuses GSK of bribing officials Beijing accuses GlaxoSmithKline of being at the centre of a 'huge' scheme to raise drug prices illicitly and bribe government officials http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/HICA0W/T3/h?a1=2013&a2=7&a3=11   BP registers as US swaps dealer The oil major is the first energy company to acknowledge its size and role as a derivatives trader are large enough to trigger strict regulatory oversight http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/JQ27V5/T3/h?a1=2013&a2=7&a3=11   World News   Russia convicts dead lawyer Magnitsky Court ruling on the investment fund lawyer who died in jail will further undermine Russian President Vladimir Putin's reputation in the west http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/PN4K5E/T3/h?a1=2013&a2=7&a3=11   Senators seek bank reform on Glass-Steagall lines Combined, the bills have put Wall Street banks on the defensive in Washington, despite the fact that neither is likely to advance in this Congress http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/9MTGLT/T3/h?a1=2013&a2=7&a3=11   Portugal president's unity call backfires Aníbal Cavaco Silva's proposal of a 'national salvation' agreement prompted a fresh increase in bond yields and hit share prices http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/A5H8TJ/T3/h?a1=2013&a2=7&a3=11   EU eyes sanctions for democratic breaches Tensions between the EU and Hungary reach a new high with Budapest accusing the EU of meddling in its sovereignty, likening it to the Soviet Union http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/A5H8TN/T3/h?a1=2013&a2=7&a3=11   Brussels bank move seen as 'enabling act' Comments reflect deep German concern the commission has overstepped its powers with a proposal to make itself the top authority for winding up eurozone banks http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/3CNUFQ/T3/h?a1=2013&a2=7&a3=11   Markets   Bulls ride Bernanke bounce Equities gain after Fed chairman indicates the US is in no rush to turn off the liquidity tap, but Japan's Nikkei underperforms as yen strengthens http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/20FPRN/T3/h?a1=2013&a2=7&a3=11   Feedback loops heighten risk of contagion Regulators and investors alike need a better understanding of interconnections and how they might change, harnessing the powers of Big Data to do so http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/6AUTPY/T3/h?a1=2013&a2=7&a3=11   Shrinking oil spreads shake crude trade Traders ask whether this week's fall in the spread to below $2 a barrel means the prices of Brent and West Texas Intermediate will revert to parity http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/XBQJE7/T3/h?a1=2013&a2=7&a3=11   Homebuilders drive US stock rally The S&P 500 is on track to close at a record high after the Fed suggests it is in no hurry to raise interest rates, helping homebuilders to rally http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/6AUTPG/T3/h?a1=2013&a2=7&a3=11   Wheat rallies on raised China forecast Country is expected to become the second largest wheat importer after Egypt as it looks to overseas markets to meet rising food demand http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/Q3WD45/T3/h?a1=2013&a2=7&a3=11   Asia & Pacific News   SNB opens branch in Singapore Swiss central bank's decision to open a branch in Singapore is a coup for the city state as it seeks to bolster its position as a financial centre http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/CWGOBL/T3/h?a1=2013&a2=7&a3=11   Sino-US investment deal sought The new talks reflect the reality that complaints about investment barriers have become one of the central economic issues between the world's two biggest economies http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/GY02O2/T3/h?a1=2013&a2=7&a3=11   The imperative that keeps the US in Asia By leaving, the US would invite chaos and worse; by staying it provokes deep Chinese resentment. The American presence has become dangerous http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/T1DEKN/T3/h?a1=2013&a2=7&a3=11   Abe gets fresh boost from BoJ assessment Japan's central bank issues upbeat assessment of its economy, saying for the first time since 2011 that conditions are 'recovering' http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/52PLPC/T3/h?a1=2013&a2=7&a3=11   Austerity to take gloss off China's games President Xi Jinping's austerity campaign hits China's largest, highest-level national sports competition, with the budget for the event cut by 75% http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/ULYQDX/T3/h?a1=2013&a2=7&a3=11   Asia-Pacific Companies News   UK fraud unit seeks ENRC answers Former board member Sir Paul Judge, who is not accused by UK's anti-fraud agency of wrongdoing, has been a given Section 2 notice http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/6AUTP9/T3/h?a1=2013&a2=7&a3=11   India's largest e-retailer drives growth Flipkart raises $200m from shareholders in a deal that highlights investors' confidence in the prospects for e-commerce in the country http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/IEVZCC/T3/h?a1=2013&a2=7&a3=11   Results gloom dims India recovery hopes Weak demand expected to see country's largest listed companies post average revenue growth of just 5-6% in coming quarter, compared to 17% last year http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/VTI9YN/T3/h?a1=2013&a2=7&a3=11   INTL FCStone pulls out of Cleartrade deal US futures broker backs out of deal to acquire a controlling stake in the Asian commodities group amid incoming US rules on derivatives trading http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/3CNUFP/T3/h?a1=2013&a2=7&a3=11   Lenovo optimistic about China's economy Chinese PC maker is confident that Beijing's policies, including the push to urbanisation, will help the country remain an engine for global growth http://link.ft.com/r/DHGUVV/3C9ZLZ/A7P8KJ/GYXU60/NRMWM9/T3/h?a1=2013&a2=7&a3=11   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. 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