In today's FT: Cable attacks Bank’s ‘capital Taliban’, iPhone sales...

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/K9Z2P6/P54FKU/LQ05NB/   In today's FT Wednesday July 24 2013 UK Homepage   Cable attacks Bank's 'capital Taliban' Business secretary believes BoE has held back small business lending by demanding onerous levels of capital from lenders as cushion http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/9MHLS2/ID/h?a1=2013&a2=7&a3=23   iPhone sales boost Apple shares Sales of 31.2m iPhones, up 20 per cent over the previous year, comfortably outstripped analysts' consensus of sales of around 27m units http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/OF4M6M/ID/h?a1=2013&a2=7&a3=23   Whitehall changes way it goes shopping Ministers use spur of austerity to centralise buying of goods and services in attempt to change the way government does its business http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/FD06PU/ID/h?a1=2013&a2=7&a3=23   Financial Times - US homepage   Texan accused over alleged Bitcoin Ponzi scheme Investors told to be wary of schemes involving virtual currencies as regulators try to police businesses engaging with Bitcoins http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/LS7AGP/ID/h?a1=2013&a2=7&a3=23   Ford and Toyota end joint drive on hybrids Ford said it was hiring 200 engineers to develop its hybrid technology and in the second quarter it had sold five times as many hybrids as a year earlier http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/CW8BNI/ID/h?a1=2013&a2=7&a3=23   Higher operating costs hold back AT&T Investments reduced mobile margins, but helped to offset new competition from T-Mobile US which began selling Apple's popular iPhone http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/Z8J94P/ID/h?a1=2013&a2=7&a3=23   Financial Times - Europe homepage   Regulator turf war on access to bank books Behind-the-scenes dispute over investigative powers to police complex markets has taken on new significance in the wake of US spying revelations http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/JQAVTO/ID/h?a1=2013&a2=7&a3=23   Slim directors hold back on KPN German deal Two directors appointed by America Movil, which is controlled by the Mexican billionaire, did not vote in favour of the sale http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/GYCOUM/ID/h?a1=2013&a2=7&a3=23   Global equities falter after recent gains World stocks lose momentum although reassuring comments on the outlook for the Chinese and Japanese economies help limit the day's losses http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/1OFJXI/ID/h?a1=2013&a2=7&a3=23   Financial Times - Asia homepage   Former HSBC man in frame to lead RBS Mark McCombe has spent past year or so running Asian operations of fund manager BlackRock but previously had 20-year career with global bank http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/GYCOU4/ID/h?a1=2013&a2=7&a3=23   Banks eye Singapore's rapid growth Singapore could yet overtake Switzerland as the word's biggest wealth management centre, marking a shift in the balance of power between east and west http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/ULIDAC/ID/h?a1=2013&a2=7&a3=23   SAC hits back at claims by regulator Steven Cohen's lawyers outline argument against the SEC in a 'white paper' which states that the fund chief only reads a fraction of his emails http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/LS7AGQ/ID/h?a1=2013&a2=7&a3=23   World News   March of Brazil's evangelicals tests pope Pope Francis' visit to Rio highlights the Vatican's concern about a decline in the church's popularity in the country with the most Catholics http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/YGSQ5E/ID/h?a1=2013&a2=7&a3=23   Turkey rate rise highlights dilemma Price rises and weakening of capital inflows as end to US monetary easing sparked turmoil prompt move to boost lira in spite of threat to growth http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/YGSQ40/ID/h?a1=2013&a2=7&a3=23   Israel opens Gulf 'virtual embassy' Twitter account set up to engage directly with citizens of Gulf states, where there are already unofficial business and trade links http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/GYCOUB/ID/h?a1=2013&a2=7&a3=23   Merkel's coalition partner breaks ranks Free Democratic party pledges to scrap the 'solidarity surcharge' that has been levied on German taxpayers to pay the costs of unification http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/A5BTRW/ID/h?a1=2013&a2=7&a3=23   Hollande optimism not shared by backers Despite a positive outlook for the economy, the French president is struggling to convince his own backers that a significant turnround is in view http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/20NRKK/ID/h?a1=2013&a2=7&a3=23   Companies News   Jindal brothers vie to buy Stemcor assets Two members of one of the country's leading business families are competing to buy the iron ore operations of the private British steel trading group http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/XB9EMZ/ID/h?a1=2013&a2=7&a3=23   Defence groups hope to escape US cuts Spared programmes may include those so complex, long-term or strategically important that it could prove nearly impossible to impose savings http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/K9Z2HC/ID/h?a1=2013&a2=7&a3=23   Barclays sued for 'misuse' of information Bank alleged to have used confidential information from client CF Partners' about trading company Tricorona when acquiring it itself, two years later http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/LS7ABW/ID/h?a1=2013&a2=7&a3=23   GSK reviews policies for sales staff in China GSK is considering cutting prescription-linked commissions paid to its sales staff and reducing drug prices in China amid the fall-out from a growing corruption probe http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/RPKWVU/ID/h?a1=2013&a2=7&a3=23   Markets   US offers mortgage risk to investors Freddie Mac sold a new financial product that will absorb some of the losses on a $22.5bn pool of government-guaranteed mortgages http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/HIV01Z/ID/h?a1=2013&a2=7&a3=23   Banks warn rules threaten 'repo' market Big banks in Europe, Japan and US would have to hold at least $180bn more of regulatory capital to cover borrowings in the repo market, say analysts http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/A5BTRZ/ID/h?a1=2013&a2=7&a3=23   Motown's screech will be heard in Europe The development could prove cathartic and provide a fresh start for Detroit; as such it might become an example for stressed European regions http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/OF4M6X/ID/h?a1=2013&a2=7&a3=23   Investor alarm as India flashes amber India's situation is precarious given its large current account deficit and RBI's unexpected steps, which have renewed focus on country's finances http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/A5BTR5/ID/h?a1=2013&a2=7&a3=23   Recovery believers take over stocks rally Soothing words from the Federal Reserve on stimulus withdrawal and hope that the US economy is on a sounder footing fuel the latest stock rally http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/B4GHRG/ID/h?a1=2013&a2=7&a3=23   Financial Times - Comment   US should support a trade deal with Japan American companies' suspicions of Japanese currency manipulation are based on increasingly distant and isolated episodes http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/EKO830/ID/h?a1=2013&a2=7&a3=23   Detroit aftershocks will be staggering After decades of near-third-world conditions in the richest country in the world, leaders finally realised that enough was enough http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/3C3FDI/ID/h?a1=2013&a2=7&a3=23   An energy policy beyond sound bites The UK's impending power crisis is a result of politicians prevaricating and procrastinating instead of providing coherent and courageous policies http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/A5BTJN/ID/h?a1=2013&a2=7&a3=23   Opposition is to blame for Mugabe's grip Party leaders have allowed personal vanity and their egos to get ahead of the hard work of unseating the incumbent http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/52U3EV/ID/h?a1=2013&a2=7&a3=23   What is 'subprime' about Help to Buy? The details might not be similar to the US but the scheme encourages more household debt and, as economists point out, will inflate house prices http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/87T19L/ID/h?a1=2013&a2=7&a3=23   Financial Times - Management   Master of Morocco's outsourcing industry Youssef Chraibi's young problem-solvers, who are treated as valued specialists and potential leaders, helped Outsourcia win favour with French clients http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/K9Z2HK/ID/h?a1=2013&a2=7&a3=23   A balancing act in corporate citizenship We all disapprove of crony capitalism and an out-of-control banking sector. But beyond such generic principles, business life is more complex http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/DX6GNF/ID/h?a1=2013&a2=7&a3=23   Is it right to shame an employee who breaks the rules? London law firm Russells has revealed the name of the partner responsible for JK Rowling's unmasking as the writer 'Robert Galbraith' http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/Q3X4C1/ID/h?a1=2013&a2=7&a3=23   How to avoid breaking into a sweat When travelling in hot climates use antiperspirants correctly, wear the right clothing, drink plenty of water and avoid spicy foods http://link.ft.com/r/UXDMSS/A5U7PN/RN7YTC/VTUPW5/CW8BF9/ID/h?a1=2013&a2=7&a3=23   Special Reports - FT.com Urban Ingenuity The Connected Business Aerospace Responsible Business Video Lex Next steps for UBS UBS shares rise on a new settlement involving US mortgage-backed securities. Lex's Nikki Tait and Oliver Ralph discuss where this fits in with the Swiss bank's wider strategic shift. 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..