Europe Morning Headlines: China trade data suggest deeper slowdown, IMF slashe...

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/UXDMSS/52PJTZ/GWL24G/C51OYF/   Europe morning headlines Wednesday July 10 2013 Financial Times - Europe homepage   China trade data suggest deeper slowdown Chinese exports and imports both fell in June, underlying the economy's current weakness and raising the prospect of a deeper slowdown in the months ahead http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/EK6B4Z/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/CWGT5I/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/LSZVQJ/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/VTIK1T/W1/h?a1=2013&a2=7&a3=10   The scourge of Wall Street seeks new pulpit Eliot Spitzer said that he would attempt to shake up oversight of spending in the city,including overseeing five public pension funds that collectively manage almost $140bn http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/YG9IH1/W1/h?a1=2013&a2=7&a3=10   Markets   China trade data trip up Asian markets Equities unsettled as weaker-than-expected June imports and exports figures feed worries about the outlook for China's economy http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/Q3WMNR/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/YG9ITF/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/RPX5NN/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/GY08KF/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/OF5ZSE/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/SUK43G/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/3CNJOA/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/EK6BXW/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/DX8H5M/W1/h?a1=2013&a2=7&a3=10   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/UXDMSS/A5PMGH/QFZDL0/872YVI/A5H1ZO/W1/h?a1=2013&a2=7&a3=10   Europe News   France outlines €12bn investment plan Most of the cash will be used to fund research into renewable energy and to boost competitiveness in the aerospace, digital and health industries http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/7Z132O/W1/h?a1=2013&a2=7&a3=10   Former Cyprus defence minister guilty Papacostas faces life imprisonment after being convicted of manslaughter. Three others face up to four years in jail for causing death by negligence http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/3CNJOH/W1/h?a1=2013&a2=7&a3=10   New allegations pile pressure on Rajoy Popular party forced by revelations in El Mundo again to deny a slush fund to make illegal payments to senior members, including the prime minister http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/6AUNVC/W1/h?a1=2013&a2=7&a3=10   Latvia to become eurozone's 18th member Five years after a fiscal crisis nearly forced it to unpeg its currency from the euro, Latvia is officially admitted to Europe's single currency http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/PN47FF/W1/h?a1=2013&a2=7&a3=10   Russia replaces Bolshoi Theatre boss Anatoly Iksanov's 13-year leadership ends after scandals including an acid attack on the ballet's director leave theatre's reputation tarnished http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/PN47J9/W1/h?a1=2013&a2=7&a3=10   European Companies News   L&G chief hits at EU regulatory framework Chairman of European Insurance and Occupational Pensions Authority defends Solvency II, arguing it was 'still possible' it would be ready by 2016 http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/Q3WMFL/W1/h?a1=2013&a2=7&a3=10   Unknown chief is the ideal fit for Shell Ben van Beurden's focus on better returns and costs in the chemicals division is desperately needed across the group, say investors http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/EK6B4A/W1/h?a1=2013&a2=7&a3=10   Shell appoints veteran as chief executive Eye-catching move as chiefs of big oil groups are traditionally recruited from upstream division, with far fewer downstream heads rising to top http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/DX8H4D/W1/h?a1=2013&a2=7&a3=10   Carlyle looks to list Spain's Applus Private equity group is set to select advisers for a Madrid or London flotation of the industrial testing company, although a sale remains an option http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/7Z132C/W1/h?a1=2013&a2=7&a3=10   Spanish message in a bottle Carlos Moro has nurtured a flourishing winery based not only on fine viniculture but also on innovations such as non-alcoholic wine http://link.ft.com/r/UXDMSS/A5PMGH/QFZDL0/872YVI/CWGT5Q/W1/h?a1=2013&a2=7&a3=10   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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