In today's FT: China trade data suggest deeper slowdown, Whitehall ...

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/0QSDPP/7Z1FBN/ICVIZS/3O9UZD/   In today's FT Wednesday July 10 2013 UK 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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/RPX7JV/D5/h?a1=2013&a2=7&a3=9   Whitehall overhaul targets £1bn savings A new civil service finance chief is to be appointed as part of a drive to inject business rigour and strong leadership into the way government works http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/HICGW0/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/52PJ6T/D5/h?a1=2013&a2=7&a3=9   Financial Times - US homepage   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/DX8L7B/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/GY0B48/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/6AUR0V/D5/h?a1=2013&a2=7&a3=9   Financial Times - Europe homepage   KKR raises record $6bn for Asian fund New York private equity group trumps rival TPG, which fell short of its $5bn target, in a sign of investor confidence in the group's record in region http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/6AUROT/D5/h?a1=2013&a2=7&a3=9   Rongsheng faces battle to stay afloat Shipbuilder offers a test case of how the state will deal with an ailing sector after acknowledging it is seeking financial help from the government http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/87LNCO/D5/h?a1=2013&a2=7&a3=9   Safety concerns cloud Asiana's prospects San Francisco crash adds to lossmaking airline's woes, with the South Korean carrier already suffering from weak cargo demand and high oil prices http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/87LNCX/D5/h?a1=2013&a2=7&a3=9   Financial Times - Asia homepage   MPs summon Murdoch back after remarks Media mogul faces fresh questions over recorded remarks to Sun journalists, as Scotland Yard mulls charge of conspiracy to commit misconduct http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/IEV8XF/D5/h?a1=2013&a2=7&a3=9   US banks face tougher borrowing rules US regulators are hoping that a leverage ratio will curb the kind of over-borrowing undertaken by banks before the financial crisis http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/NRMVE8/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/87LNC8/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/52PJ6U/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/4V3S6V/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/T1D5FM/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/20FQB4/D5/h?a1=2013&a2=7&a3=9   Companies news and analysis - FT.com   NYSE deal begins Libor rehabilitation Selection as administrator for the scandal-tainted index is a significant step in a year-long effort to restore confidence after storm of criticism http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/XBQKUQ/D5/h?a1=2013&a2=7&a3=9   AIG and GE Capital branded 'systemically important' AIG was chosen because of its 'size and interconnectedness, say regulators. GE Capital is now a 'significant source of credit to the US economy' http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/YG9D11/D5/h?a1=2013&a2=7&a3=9   BlackBerry chief urges investor patience 'This is an uphill battle but we are doing the best we can,' Thorsten Heins told an investor at the company's annual meeting on Tuesday http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/6AUROS/D5/h?a1=2013&a2=7&a3=9   Cukurova wins Turkcell legal battle Mehmet Karamehmet's privately held group must pay $1.5bn to regain control of Turkey's leading mobile group – less than the $3bn demanded by the Russians http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/NRMVE4/D5/h?a1=2013&a2=7&a3=9   Petrobras faces test to tap pre-salt oil Oil company's efforts to exploit huge discoveries beneath the ocean off Rio are proving to be most challenging on operational and financial fronts http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/87LNVZ/D5/h?a1=2013&a2=7&a3=9   Markets   Earnings optimism boosts stocks Wall Street within touching distance of virgin territory as investors come to terms with the prospect of less Federal Reserve support http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/LSZ0Y1/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/CWG1ZY/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/RPX7JM/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/JQ26KD/D5/h?a1=2013&a2=7&a3=9   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/87LNCJ/D5/h?a1=2013&a2=7&a3=9   Financial Times - Comment   Why China will not buy the world Western paranoia about the country is unwarranted because the striking feature of the Chinese economy is its dependence on the knowhow of others http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/DX8L7R/D5/h?a1=2013&a2=7&a3=9   Quantitative easing and the leaky bucket The one certain outcome of boosting asset prices, as through QE, is that those with assets benefit relative to those without http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/IEV8X8/D5/h?a1=2013&a2=7&a3=9   Europe gears up for a final confrontation There are some encouraging signs but they provide no real evidence that the crisis is fading, merely that it is entering a different phase http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/CWG1ZV/D5/h?a1=2013&a2=7&a3=9   Argentine bondholders need day in court A ruling in favour of the holdouts will make voluntary debt restructurings almost impossible in the future http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/20FQB2/D5/h?a1=2013&a2=7&a3=9   UK business department must improve Government policy is to rebalance the economy and strengthen the regions beyond London and the southeast of England, yet BIS is doing the opposite http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/OF529N/D5/h?a1=2013&a2=7&a3=9   Financial Times - Management   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/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/3CN9GB/D5/h?a1=2013&a2=7&a3=9   The most dangerous unforced errors I'm talking about major, self-inflicted mistakes that can undermine a career – or an entire life http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/K9AODP/D5/h?a1=2013&a2=7&a3=9   Can curbs on email tackle inefficiency? Ferrari clamps down on the use of group emails to encourage staff to talk to each other, raising questions whether restrictions are the right answer http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/ULY4N2/D5/h?a1=2013&a2=7&a3=9   In-flight eating and drinking Flying affects passengers' sense of taste and the quality of certain foods, so dishes and drinks with bold flavours tend to be the best options http://link.ft.com/r/0QSDPP/9M3AB6/8ANBW9/SUN6ZE/ULY43P/D5/h?a1=2013&a2=7&a3=9   Special Reports - FT.com Responsible Business Aerospace Mexico Infrastructure FT Wealth Video Lex Shell's surprise choice of chief Ben van Beurden is Royal Dutch Shell's new chief executive. Lex's Julia Grindell and Vincent Boland discuss the surprise choice and the challenges he faces. 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