Europe Morning Headlines: Obama avoids calling Morsi ouster a ‘coup’, Army ous...

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/4RNQTT/7Z1WO3/92RGVP/NSVWP8/   Europe morning headlines Thursday July 04 2013 Financial Times - Europe homepage   Obama avoids calling Morsi ouster a 'coup' US president avoids calling the ouster as a 'coup', raising questions about whether his administration will cut its annual $1.6bn in aid to Egypt http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/OF5TB1/T3/h?a1=2013&a2=7&a3=4   Army ousts Egypt's first Islamist president Defence minister announces suspension of the country's constitution and that the head of the supreme court would be sworn in as president http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/DX89S8/T3/h?a1=2013&a2=7&a3=4   Portuguese and Greek woes reignite fears Portugal plunges into political crisis while Greece's inability to reform its public sector unnerves investors, sending bond yields soaring http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/87LDY1/T3/h?a1=2013&a2=7&a3=4   Russian oil exports to Europe at 10-year-low European refineries face higher costs as Urals crude trades at a premium to Dated Brent and Russian exports to Asia climb in response to rising demand http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/ULYOCG/T3/h?a1=2013&a2=7&a3=4   Qatar seeks to shake off trophy investor image Gas-rich state rethinks way it invests state funds in property in bid to introduce commercial rigour to its dealmaking http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/DX89SO/T3/h?a1=2013&a2=7&a3=4   Markets   Portugal and Egypt fears rattle markets Fresh concerns over the pace of growth in China, and political uncertainty in Portugal and Egypt are unsettling investors the world over http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/VTI0C3/T3/h?a1=2013&a2=7&a3=4   Asian markets buoyed by US jobs data Asian markets are rising on the back of renewed confidence in the US economy following better-than-expected jobs data http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/SUK8OU/T3/h?a1=2013&a2=7&a3=4   Nigeria warns on EM borrowing pain Ngozi Okonjo-Iweala, Nigerian finance minister, predicts that US plans to 'taper' bond-buying will push up financing costs for the developing world http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/K9APUY/T3/h?a1=2013&a2=7&a3=4   World News   Ignominious end for revolutionary standard-bearer Mohamed Morsi came to office amid high expectations but left under a cloud with observers dubbing him the wrong man for the wrong job at the wrong time http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/EK6SRW/T3/h?a1=2013&a2=7&a3=4   Morsi accuses deep state of insurrection Historic distrust between state institutions and Islamists exacerbates opposition to a president who failed to instil confidence in his leadership http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/B4BEQ6/T3/h?a1=2013&a2=7&a3=4   Morsi's fall is blow to Qatari leadership Doha's support for post-Mubarak Egypt has run to the heart of Qatar's backing of Islamist groups since the revolutions swept across north Africa http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/6AUXDC/T3/h?a1=2013&a2=7&a3=4   Obama tries to calm European anger at US spying In a phone call with Chancellor Merkel, the President said he 'takes seriously the concerns of our European allies and partners', said White House http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/WHEC2T/T3/h?a1=2013&a2=7&a3=4   Boston cases give fresh hope for HIV cure Two HIV patients at a Boston hospital in the US have shown no sign of the infection's resurgence several weeks after stopping antiretroviral medicine http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/GY0RF5/T3/h?a1=2013&a2=7&a3=4   Europe News   Merkel in drive to help jobless youth German chancellor, whose country has lowest youth unemployment in Europe, faced angry criticism at home for lack of generosity, with €8bn available http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/HICFNV/T3/h?a1=2013&a2=7&a3=4   EU votes to prop up carbon prices on ETS Europe to reduce the glut of carbon trading permits that has pushed prices to record lows in a move that has split businesses across the bloc http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/OF5THY/T3/h?a1=2013&a2=7&a3=4   Albert II, King of Belgium, to abdicate Monarch executed constitutional responsibility to facilitate 541 days of talks to form a government which followed an electoral stalemate http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/Z8SAZ3/T3/h?a1=2013&a2=7&a3=4   Brazil warns Morales row could hit EU trade President Dilma Rousseff has warned that the fallout from the incident that saw a jet carrying her Bolivian counterpart diverted to Vienna could damage free trade talks with the EU http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/ULYOCT/T3/h?a1=2013&a2=7&a3=4   Manufacturers take on EU pharma over ban Drugs industry is pitted against small producers following ruling to outlaw distribution of branded products handed out by marketing representatives http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/87LDYG/T3/h?a1=2013&a2=7&a3=4   European Companies News   Italian carrier's three-year plan passed Carrier says it will require further loans from private shareholders – but the three-year industrial plan does not envisage new stakeholders http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/MJ71LA/T3/h?a1=2013&a2=7&a3=4   Baby milk manufacturers bow to Beijing Foreign-made infant formula is enjoying a boom with parents suspicious of domestic products in the wake of a series of contamination scandals http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/XBQV23/T3/h?a1=2013&a2=7&a3=4   Regulators are finally closing in on banks One of the biggest weaknesses exposed by the 2008 crisiswas that banks held too little capital for the risks they were unwittingly taking http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/HICF39/T3/h?a1=2013&a2=7&a3=4   Spanish regulator puts heat on Deloitte Accounting watchdog questions auditor's work for the nationalised lender and says in a report that its independence may have been compromised http://link.ft.com/r/4RNQTT/FDT6O2/NSVWP8/IEDEOO/HICF3Q/T3/h?a1=2013&a2=7&a3=4   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..