In today's FT: Army ousts Egypt’s first Islamist president, How Egy...


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Financial Times
In today's FT
Thursday July 04 2013

UK Homepage
 
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/CWUTBQ/UU4QGA/7ZVZ5V/1ORZGB/ID/h?a1=2013&a2=7&a3=3
 
How Egypt's military pulled the plug on Morsi's regime
The Mubarak 'deep state', liberals, the Brotherhood and ordinary citizens all stand culpable
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/PN4TR7/ID/h?a1=2013&a2=7&a3=3
 
London banker arrested in tax fraud probe
Banker arrested by Revenue inspectors in case related to personal tax returns
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/EK694A/ID/h?a1=2013&a2=7&a3=3
 

Financial Times - US homepage
 
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/CWUTBQ/UU4QGA/7ZVZ5V/1ORZ8D/ID/h?a1=2013&a2=7&a3=3
 
Zynga chief lured with $50m pay package
The deal is the latest indication of the generous packages some struggling companies have been offering amid Silicon Valley's talent war
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/K9A3EF/ID/h?a1=2013&a2=7&a3=3
 
Twitter to try out ad 'retargeting'
If deemed successful after a pilot, the scheme will boost ad rates without having to increase the number of ads shown to a user in given timeframe
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/EK69WK/ID/h?a1=2013&a2=7&a3=3
 

Financial Times - Europe homepage
 
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/CWUTBQ/UU4QGA/7ZVZ5V/T1D83R/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/K9A3E2/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/LSZPQQ/ID/h?a1=2013&a2=7&a3=3
 

Financial Times - Asia homepage
 
China pushes for freely tradable renminbi
Liberalisation allowing trading of the currency across China's borders is needed if the renminbi is to emerge as a global rival to the dollar
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/LSZPQE/ID/h?a1=2013&a2=7&a3=3
 
US private sector job growth accelerates
Companies add more jobs than expected and fewer Americans file for unemployment, painting a brighter picture ahead of Friday's labour market report
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/1ORZ80/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/ULY6UC/ID/h?a1=2013&a2=7&a3=3
 

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/CWUTBQ/UU4QGA/7ZVZ5V/Z8S2BW/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/GY0JKD/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/NRM1S8/ID/h?a1=2013&a2=7&a3=3
 
Portugal's woes threaten bailout exit
A deep rift in the ruling coalition over how much austerity Portugal can bear threatens to undermine Lisbon's efforts to exit its bailout programme
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/DX8Q48/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/87LKAE/ID/h?a1=2013&a2=7&a3=3
 

Companies news and analysis - FT.com
 
NTT DoCoMo looks abroad for new assets
Former Japanese monopoly considers a return to buying overseas as it continues to lose subscribers to rivals SoftBank and KDDI
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/RPXBN8/ID/h?a1=2013&a2=7&a3=3
 
Dell asks founder to raise buyout offer
First sign that board no longer feels confident in winning shareholder support and opens door to giving Carl Icahn a stronger say in the outcome
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/Z8S2BO/ID/h?a1=2013&a2=7&a3=3
 
Batista's empire crumbles amid OGX woes
Just a year ago, the Brazilian tycoon was ranked as the world's seventh-richest man, with a $30bn personal fortune. Now, his fortune is worth $11bn
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/VTIO1O/ID/h?a1=2013&a2=7&a3=3
 
BA awaits first A380 superjumbo delivery
Overhaul of ageing fleet and shift to more fuel-efficient jets is seen as vital to attain profit targets and to secure the UK flag carrier's future
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/3CNMOS/ID/h?a1=2013&a2=7&a3=3
 
US group reels in royal fishing rod maker
Pure Fishing, a subsidiary of Jarden of the US, acquires 141-year-old Hardy & Greys, which numbers Prince Charles among its customers
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/9MTDZY/ID/h?a1=2013&a2=7&a3=3
 

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/CWUTBQ/UU4QGA/7ZVZ5V/DX8Q4F/ID/h?a1=2013&a2=7&a3=3
 
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/CWUTBQ/UU4QGA/7ZVZ5V/Z8S2BK/ID/h?a1=2013&a2=7&a3=3
 
US crude tops $100 on Egypt concern
WTI jumps more than 2% to as high as $102.18 a barrel, climbing above $100 a barrel for the first time since September
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/Z8S2BR/ID/h?a1=2013&a2=7&a3=3
 
IPOs struggle as sentiment turns
Global IPO volumes were strong until the Fed indicated it could scale back bond buying, resulting in deals being pulled
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/XBQCT9/ID/h?a1=2013&a2=7&a3=3
 
Higher US mortgage rates deter refinance
The ability to cut monthly mortgage payments via refinancing supports consumer spending, while low rates help underpin the revival in the US housing market
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/6AUWVJ/ID/h?a1=2013&a2=7&a3=3
 

Financial Times - Comment
 
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/CWUTBQ/UU4QGA/7ZVZ5V/87LKAU/ID/h?a1=2013&a2=7&a3=3
 
Abe should delay the fourth of his arrows
A consumption tax rise now would mean stamping on the fiscal brake with one foot while applying the monetary accelerator with the other
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/MJ7U94/ID/h?a1=2013&a2=7&a3=3
 
What works at the Fed may not in Britain
Forward guidance works when it based on firm criteria, not least increased spending on UK-produced goods and services
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/9MTDA0/ID/h?a1=2013&a2=7&a3=3
 
Europe should become a cyber fortress
In this world of realpolitik, countries that are eager to protect their secrets must take up the challenge and keep the snoopers out
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/1ORZ8V/ID/h?a1=2013&a2=7&a3=3
 
Why doors slam in Snowden's face
Who wants to pick a fight with the US over a self-styled whistleblower who has revealed what just about everybody already knew?
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/87LKAG/ID/h?a1=2013&a2=7&a3=3
 

Financial Times - Management
 
A new way of working
Manufacturers of office equipment are adapting the everyday tools that we use at work to better accommodate employee's physical needs
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/4V350S/ID/h?a1=2013&a2=7&a3=3
 
Tiny error that risked lives and reputation
Painstaking investigations into disasters hammer home the point that the battle for quality has to be fought every day
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/DX8Q4E/ID/h?a1=2013&a2=7&a3=3
 
A study of conflict and co-operation
'Clash!' by Hazel Markus and Alana Conner identifies people as either independents or interdependents, and discusses who achieves most success
http://link.ft.com/r/4RNQTT/CWUTBQ/UU4QGA/7ZVZ5V/SUKGNR/ID/h?a1=2013&a2=7&a3=3
 
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Video
Lex
Austerity unravelling in Portugal

The finance and foreign ministers of the coalition government resigned this week. Lex’s Nikki Tait and Vincent Boland discuss the problems in Portugal surrounding its austerity drive and the what impact this might have on the eurozone crisis.


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