Europe Morning Headlines: BoJ says Japanese economy is ‘recovering’, Fed’s buy...

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/B4BHGH/GWL24G/72FH4Q/   Europe morning headlines Thursday July 11 2013 Financial Times - Europe homepage   BoJ says Japanese economy is 'recovering' Japan's central bank has issued an upbeat assessment of the country's economy, saying for the first time since 2011 that conditions were 'recovering' http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/SUKDL6/KI/h?a1=2013&a2=7&a3=11   Fed's buying slowdown hangs in balance FOMC minutes show Bernanke was not signalling definite taper of quantitative easing in June but trying to be clearer on conditions to trigger it http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/FDO0Y7/KI/h?a1=2013&a2=7&a3=11   Global PC shipments fall for fifth quarter Shipments dropped to 76m units, a nearly 11 per cent decline for the second quarter compared to last year, as consumers turned to inexpensive tablets http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/OF543U/KI/h?a1=2013&a2=7&a3=11   Telecoms groups pan EU roaming plan Executives see plans for a single market as little more than 'a headline grabbing move' that does little to address broader investment issues http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/HICVQ3/KI/h?a1=2013&a2=7&a3=11   China faces tug-of-war over growth strategy With growth slowing the debate in China is turning to how low will Beijing's leaders let it fall before intervening to restimulate the economy http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/4V3P28/KI/h?a1=2013&a2=7&a3=11   Markets   US equities end flat after Fed minutes US stocks were volatile after the release of the minutes of the Fed's last policy meeting, while the focus earlier was on the outlook for Chinese growth http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/1ORFCW/KI/h?a1=2013&a2=7&a3=11   Enter the sci-fi world of central banks Inversion of capital structure due to central bank policy has led some analysts to characterise equities as being 'safer' than bonds http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/52PUAO/KI/h?a1=2013&a2=7&a3=11   Debt restructure risk as Portugal reels The recent political chaos will limit access to debt markets, meaning more dependence on the troika and the possibility of a debt restructuring http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/ULYITE/KI/h?a1=2013&a2=7&a3=11   Frontier assets prove robust in turmoil Niche and illiquid markets fare remarkably well in emerging market rout triggered by Fed's plans to scale back QE http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/WHEQG0/KI/h?a1=2013&a2=7&a3=11   Opec expects demand for its crude to fall Opec expects demand for its crude to fall 0.3m barrels a day to 29.6m b/d in 2014 as the US shale boom eats into its share of global oil market http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/Z8SJO6/KI/h?a1=2013&a2=7&a3=11   World News   Berlin rejects Brussels' plan for banks Main elements proposed by European Commission are rejected by senior German officials for going beyond the law and leaving taxpayers exposed http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/GY0CEQ/KI/h?a1=2013&a2=7&a3=11   New divisions hit Egypt's hinterland Away from Cairo and the international spotlight supporters and opponents of ousted president struggle to find ways to coexist http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/CWG8KM/KI/h?a1=2013&a2=7&a3=11   Kuwait pledges $4bn to help Egypt Kuwait's pledge to help Egypt's economy comes as Cairo prosecutor orders the arrest of Muslim Brotherhood leader Mohamed Badie and eight others http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/GY0CI2/KI/h?a1=2013&a2=7&a3=11   China and US agree non-binding climate plan The agreement is not binding but could bolster efforts for new international climate action, which stalled after the Copenhagen summit in 2009 http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/EK6ODA/KI/h?a1=2013&a2=7&a3=11   Luxembourg's Juncker calls snap election Leader was grilled for two hours by lawmakers after a probe concluded that he failed to inform parliament of 'irregularities and supposed illegalities' http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/B4BGXM/KI/h?a1=2013&a2=7&a3=11   Europe News   Berlusconi appeal looms over coalition Less than three months after taking office significant policy divisions have earned Enrico Letta's government a reputation for prevarication http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/HICVEZ/KI/h?a1=2013&a2=7&a3=11   Italy PM orders Kazakh deportation probe Competing versions of events leading up to the detention and following speedy deportation of Mukhtar Ablyazov's wife and daughter prompt investigation http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/K9AZJQ/KI/h?a1=2013&a2=7&a3=11   Silence seeks to avert bailout revolt Asking German taxpayers to reach into their pockets again will be a momentous decision, one that no policy maker will take lightly http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/T1DYT1/KI/h?a1=2013&a2=7&a3=11   Trittin aims to be Green kingmaker He is convinced that the coalition government he favours – a red-green alliance with the Social Democrats – still has a chance in Germany http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/9MTH5C/KI/h?a1=2013&a2=7&a3=11   Rifts deepen on Bangladesh factory safety Walmart's chief compliance officer said company could not sign European accord because it left it open to 'potentially unlimited legal liability' http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/6AU174/KI/h?a1=2013&a2=7&a3=11   European Companies News   QIA's chief joins Russian fund's board Move by Russia's state-backed fund to appoint head of Qatar's sovereign wealth fund indicates potential co-operation between the two investors http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/LSZ7JW/KI/h?a1=2013&a2=7&a3=11   Roche to end trials of diabetes drug Swiss pharmaceuticals giant declined to comment on the cost of closing down its aleglitazar trials, which were in a late testing stage http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/Q3WXUB/KI/h?a1=2013&a2=7&a3=11   Casino wins nod for Monoprix takeover French group must sell 58 stores as part of deal to take over the 50% stake in the chain from Galeries Lafayette that it did not already own http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/A5HBWW/KI/h?a1=2013&a2=7&a3=11   EU banks: lack of resolution A spat is brewing over how the EU's banking union should sort out failing banks. Time for the big players to make clear exactly where they stand http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/MJ7MFG/KI/h?a1=2013&a2=7&a3=11   Carmakers struggle to steer around crash Volume manufacturers in Europe face additional hurdles in their fight with tumbling sales as politicians reject calls to reduce factory headcounts http://link.ft.com/r/2SRI11/4VSZET/9Z3GXS/520Y2A/FDO0IN/KI/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. 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..