Asia AM: Saudis and UAE pledge $8bn to Egypt, IMF slashes glo...

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/2SRI11/B4BUOS/N7MJW0/QFZDL0/   Asia AM Wednesday July 10 2013 Financial Times - Asia homepage   Saudis and UAE pledge $8bn to Egypt The moves to prop up Cairo highlight the shake-up in regional political power after last week's military coup in Cairo http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/OF52IU/FW/h?a1=2013&a2=7&a3=9   IMF slashes global growth forecasts Downgrades highlight gathering clouds over world economy as big developing countries start to weaken before developed markets have fully recovered http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/DX8LAS/FW/h?a1=2013&a2=7&a3=9   Scandal-plagued Libor moves to NYSE New administrators will be charged with restoring confidence in interbank lending rate amid probe that has seen three banks pay nearly $2.6bn in fines http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/HICG59/FW/h?a1=2013&a2=7&a3=9   Earnings optimism boosts stocks Wall Street within touching distance of virgin territory as investors come to terms with the prospect of less Federal Reserve support http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/YG9D3L/FW/h?a1=2013&a2=7&a3=9   Asset management hits record level Amount of money invested globally surpasses pre-crisis levels as animal spirits stir again, according to the Boston Consulting Group http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/52PJGI/FW/h?a1=2013&a2=7&a3=9   World News   Fears grow on demonisation of Brotherhood Activists fear the demonisation of the Islamists and the attempt to lumber them with responsibility for a litany of sins both real and imagined would propel the country into a fresh era of strife http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/K9AOX1/FW/h?a1=2013&a2=7&a3=9   EU takes Russia to WTO for first time Brussels officials say a levy to cover recycling costs is a protectionist ploy in environmental disguise because it applies only to imported vehicles http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/CWG12I/FW/h?a1=2013&a2=7&a3=9   Zimbabwe election campaign kicks off Election on July 31 an important test of whether the country can move forward on stable path, and in doing so attract desperately needed investment http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/A5HPCP/FW/h?a1=2013&a2=7&a3=9   Brussels joins €22bn stimulus initiative Five public-private partnerships will co-invest in sectors such as medicines, electronics and aeronautics under European Commission proposal http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/3CN9HV/FW/h?a1=2013&a2=7&a3=9   UK outlines scope of EU justice opt-outs Britain will opt out of a bloc of EU police and legal measures but will immediately seek to opt back in to those deemed vital for national security http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/Z8SYUB/FW/h?a1=2013&a2=7&a3=9   Markets   Pound sinks to three-year low Sterling dips 0.8% after figures show UK's manufacturing and industrial sectors – which analysts had predicted to rise – failed to grow in May http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/9MT3OV/FW/h?a1=2013&a2=7&a3=9   Sterling takes a pounding as shorts build Sterling is coming under pressure against the dollar as the Bank of England's monetary policy diverges from the US Federal Reserve http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/52PJGZ/FW/h?a1=2013&a2=7&a3=9   Gold borrowing cost at post-Lehman high As investors have turned sellers in recent months, availability of gold in the lending market has been squeezed, bankers say http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/9MT309/FW/h?a1=2013&a2=7&a3=9   Eurozone companies face debt divergence Credit-starved periphery will have more limited access to cheap borrowing, reflecting lingering fragmentation among the region's businesses http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/6AUR8A/FW/h?a1=2013&a2=7&a3=9   Fire drill exposes risk of bonds pile-up Possible means of making markets more liquid have been proposed, but they could increase companies' funding costs, making action unlikely until a shock hits http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/NRMVY6/FW/h?a1=2013&a2=7&a3=9   Asia & Pacific News   Report details Bin Laden's life on the run Report says Pakistani government and military were incompetent and that the al-Qaeda fugitive was once pulled over for speeding but not apprehended http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/A5HPC3/FW/h?a1=2013&a2=7&a3=9   Chevron Indonesia graft case spooks investors The prosecution case against seven Chevron workers has reinforced investors' concerns about legal uncertainty and resource nationalism in Indonesia http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/3CN9HJ/FW/h?a1=2013&a2=7&a3=9   Tears and hugs in a search for the past Most adopted children from China have no information about their biological parents but more are travelling back to try to trace them http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/MJ7CDO/FW/h?a1=2013&a2=7&a3=9   Storms send Chinese on wheat-buying spree China is on track to import its highest volumes of wheat in nine years during current crop year, according to US Department of Agriculture forecasts http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/MJ7CD6/FW/h?a1=2013&a2=7&a3=9   Chinese police fire on unarmed Tibetans Rights group says two monks were shot in head in Sichuan province and several other Tibetans severely injured as they celebrated Dalai Lama's birthday http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/FDOH7B/FW/h?a1=2013&a2=7&a3=9   Asia-Pacific Companies News   Seoul braces for a slowdown To many investors, the country is resisting market forces as it always has done. But what is going on is a little more nuanced than that http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/PN4AEH/FW/h?a1=2013&a2=7&a3=9   Why China will not buy the world Western paranoia about the country is unwarranted because the striking feature of the Chinese economy is its dependence on the knowhow of others http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/RPX793/FW/h?a1=2013&a2=7&a3=9   KKR raises record $6bn for Asian fund New York private equity group trumps rival TPG, which fell short of its $5bn target, in a sign of investor confidence in the group's record in region http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/B4BUVI/FW/h?a1=2013&a2=7&a3=9   McLaren ramps up Asian dealer network McLaren Automotive's plans to open 13 dealerships in Asia are a sign that an economic slowdown across the region is not deterring luxury carmakers http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/ULY4RP/FW/h?a1=2013&a2=7&a3=9   Rongsheng faces battle to stay afloat Shipbuilder offers a test case of how the state will deal with an ailing sector after acknowledging it is seeking financial help from the government http://link.ft.com/r/2SRI11/3C96S8/BMU6DR/WH1VZX/VTIWF2/FW/h?a1=2013&a2=7&a3=9   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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