Europe Morning Headlines: Chinese inflation rebounds in June, Japan slams Chin...

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/5F39HH/4V3EKU/JDB7KO/5CJLMI/   Europe morning headlines Tuesday July 09 2013 Financial Times - Europe homepage   Chinese inflation rebounds in June Consumer prices rose 2.7 per cent compared to June last year partly because of a government-fuelled credit surge http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/CWGPLT/T3/h?a1=2013&a2=7&a3=9   Japan slams China over maritime disputes Tokyo sharpens criticism of Chinese actions in disputed Asian waters, in the first defence white paper released under Prime Minister Shinzo Abe http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/3CNESH/T3/h?a1=2013&a2=7&a3=9   US lawmakers block 'auditor rotation' The proposal, first floated by the US Public Company Accounting Oversight Board, would have forced companies to switch accountants every few years http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/RPXAMM/T3/h?a1=2013&a2=7&a3=9   China smog cuts life expectancy by 5.5 years International study is first to use long-term data and finds air pollution in northern China cut 2.5bn years from human life expectancy in the 1990s http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/IEVB6K/T3/h?a1=2013&a2=7&a3=9   Financial data groups face NY probe Canada's Thomson Reuters suspends privileged delivery of market-moving information under pressure from the office of Eric Schneiderman http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/87LR3T/T3/h?a1=2013&a2=7&a3=9   Markets   Inflation data damp Chinese shares Most Asian markets gain but China fails to join the rebound after inflation data highlight the slowdown in the world's second-largest economy http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/K9A806/T3/h?a1=2013&a2=7&a3=9   Call for greater trading house scrutiny The report published by the Centre for European Policy Studies and backed by a range of regulators and industry participants argues that the growth of commodity traders such as Glencore and Vitol "may have systemic implications" http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/SUKZ52/T3/h?a1=2013&a2=7&a3=9   World News   Muslim Brotherhood urges Egypt uprising Muslim Brotherhood tells Egyptians to rise against those who 'want to steal the revolution' after 51 people die at a rally in support of Mohamed Morsi http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/RPXAMC/T3/h?a1=2013&a2=7&a3=9   US and EU open talks on trade pact Business groups hail start of talks on a broad transatlantic trade agreement but consumer groups voice scepticism about its possible effects http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/Z8SKI9/T3/h?a1=2013&a2=7&a3=9   Greece secures €4.8bn bailout tranche Despite the official sign-off by eurozone finance ministers, Greece still faces an uphill struggle to keep its rescue programme on track http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/52P9R8/T3/h?a1=2013&a2=7&a3=9   US deficit expected to shrink to $759bn America's yawning budget deficit of more than $1tn is expected to fall by more than a fifth this fiscal year as the US's outlook continues to strengthen http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/ULYMW7/T3/h?a1=2013&a2=7&a3=9   US surveillance claims overshadow Merkel Merkel's government calls on Washington to answer allegations the US has engaged in mass surveillance of phone and internet communications in Europe http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/MJ7OVK/T3/h?a1=2013&a2=7&a3=9   Europe News   Brussels bill puts German savers on hook European Commission proposes bank resolution bill that would allow it to close any failing lender, even against advice of home state http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/LSZ6CW/T3/h?a1=2013&a2=7&a3=9   DTAs no longer pass common sense test To the cynical observer, Spain's banks are trying to wriggle their way out of a hole, and in the process undermining the very point of new rules http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/ULYMWK/T3/h?a1=2013&a2=7&a3=9   An end to austerity will not boost Europe Policies to let budget deficits rise are dangerous and countries should instead combine longer-term debt reduction with short-term fiscal stimulus http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/A5HNUH/T3/h?a1=2013&a2=7&a3=9   Turkey spends $2.25bn propping up lira Central bank intervention aims to bolster currency without the need for an interest rate rise after lira's 5 per cent fall http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/Z8SKIY/T3/h?a1=2013&a2=7&a3=9   European Companies News   Kazakh state oil company targets Europe KazMunaiGas is planning a big push into the region, as it expands downstream and pursues a greater share of the retail petrol market http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/B4B318/T3/h?a1=2013&a2=7&a3=9   Court clears Total of Iraq oil corruption French court finds no evidence of bribery, complicity or influence peddling by oil group, its chief executive or 18 other defendants http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/9MTFPF/T3/h?a1=2013&a2=7&a3=9   LVMH spends €2bn on cashmere brand Bernard Arnault, chief executive, lived up to his nickname as 'the wolf in cashmere' by snapping up an 80% stake in fashion house Loro Piana http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/PN4VZD/T3/h?a1=2013&a2=7&a3=9   Luxury: Object of desire LVMH's Bernard Arnault has collected a treasure trove of exclusive brands but his quest for Hermès has ignited a fierce handbag war http://link.ft.com/r/5F39HH/FDT4IP/TP5EB2/OFSLIZ/IEVB6Z/T3/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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