In today's FT: Chinese inflation rebounds in June, China smog cuts ...

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/FG6LAA/JQ2BLJ/BHB56K/JI67RT/   In today's FT Tuesday July 09 2013 UK 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/FG6LAA/1OITAE/UU4QGA/2087DO/3CNIEP/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/DX8P1S/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/4V3EQ8/MQ/h?a1=2013&a2=7&a3=8   Financial Times - US homepage   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/FG6LAA/1OITAE/UU4QGA/2087DO/Q3WV2W/MQ/h?a1=2013&a2=7&a3=8   Lynch exit spurs Barnes & Noble shake-up Lynch's resignation came after dismal quarterly results last month that reflected the retailer's continuing struggle to adjust to the rise of Amazon http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/HICTHO/MQ/h?a1=2013&a2=7&a3=8   Alcoa warns on bribery settlement costs Chief financial officer said he expected any settlement to be paid over several years, adding: 'We are making progress in putting this behind us' http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/T1DZ7R/MQ/h?a1=2013&a2=7&a3=8   Financial Times - Europe homepage   BAT back in Myanmar a decade after exit Tobacco company is spending about $50m on a cigarette factory, returning to Myanmar a decade after campaigners forced it to leave the Asian country http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/6AU9JX/MQ/h?a1=2013&a2=7&a3=8   CME chief defends clearing houses' growing role Risk management houses are becoming critical part of plumbing of world's financial markets http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/MJ76OM/MQ/h?a1=2013&a2=7&a3=8   Brazil acts on US spying allegations Claims add to country's indignation over fugitive Edward Snowden, who leaked documents regarding US monitoring of telephone and email traffic http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/JQ2B8R/MQ/h?a1=2013&a2=7&a3=8   Financial Times - Asia homepage   Disney saddled with $100m loss Big-budget movie fails to lure US audiences over the holiday weekend, raising questions over the studio's relationship with producer Jerry Bruckheimer http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/52PQSD/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/JQ2BGB/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/9MTRNM/MQ/h?a1=2013&a2=7&a3=8   World News   Army and protesters trade blame in Cairo Islamists say the army fired on demonstrators during dawn prayers, while the military claims it responded to 'terrorists' trying to storm its compound http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/SUKAZE/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/EK6U1A/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/20FYE7/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/T1DZ74/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/4V3E9M/MQ/h?a1=2013&a2=7&a3=8   Companies news and analysis - FT.com   Investor advisory groups back Dell buyout ISS and Glass Lewis rejected claim by investor Carl Icahn that buyout would lead to Michael Dell enriching himself at expense of shareholders http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/DX8P1K/MQ/h?a1=2013&a2=7&a3=8   Kashagan dream lures unlikely bedfellows The Kashagan field will catapult Kazakhstan into Big Oil's premier league when it comes online this year but it has proved a huge challenge http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/YG9WXR/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/XBQ4X6/MQ/h?a1=2013&a2=7&a3=8   Markets   Equities rise as earnings season looms US and European stocks started the week on a positive note as investors began focusing on the forthcoming quarterly earnings season http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/MJ76OD/MQ/h?a1=2013&a2=7&a3=8   Bond sales by Europe banks tumble sharply Fall in borrowing reflects the pressures facing banks, including the need for smaller, more robust balance sheets and concern over EU bail-in rules http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/XBQ4W1/MQ/h?a1=2013&a2=7&a3=8   China faces difficult bubble workout The country is not facing a crisis, yet, but the reformist administration will need to spend several years tackling excess credit and over-investment http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/Q3WVA8/MQ/h?a1=2013&a2=7&a3=8   Investors fear soaring Treasury yields An explosive move in yields over a short period has spared few big bond funds and revealed that bonds are not the safe asset they used to be http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/VTIM5W/MQ/h?a1=2013&a2=7&a3=8   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/FG6LAA/1OITAE/UU4QGA/2087DO/1ORDYY/MQ/h?a1=2013&a2=7&a3=8   Financial Times - Comment   Freedom and democracy can become enemies Key members of the Egyptian liberal movement were enthusiastic supporters of the ouster of an elected government led by President Mohamed Morsi http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/OF50VR/MQ/h?a1=2013&a2=7&a3=8   Miliband must renounce more than Unite's tactics The Labour leader's real task is to show voters that as prime minister he would not govern in anything like the way that Len McCluskey desires http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/ULY75H/MQ/h?a1=2013&a2=7&a3=8   A crisis of the past for Ed Miliband The Unite story in Falkirk associates Labour and its leader with an unpopular history when it needs to embrace change and tackle vested interests http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/ULY7MZ/MQ/h?a1=2013&a2=7&a3=8   Snowden deserves a presidential pardon Gerald Ford when president pardoned Richard Nixon and George H W Bush pardoned the officials who conducted the illegal Iran-Contra affair http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/Q3WV2A/MQ/h?a1=2013&a2=7&a3=8   Fed needs change along with its policies Whether or not Bernanke stays, the US central bank faces the twin challenges of disengaging from quantitative easing and reforming its structure http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/VTIM5Y/MQ/h?a1=2013&a2=7&a3=8   Financial Times - Management   Sponsors crack glass ceilings Senior executives who act as advocates to push for the promotion of women can be more effective than mentors but also carry some risks http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/ULY7MS/MQ/h?a1=2013&a2=7&a3=8   Managerial techniques remade in China Companies such as Huawei and Haier are good at learning and applying techniques that have already been tested in the market http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/Z8SXKE/MQ/h?a1=2013&a2=7&a3=8   Samsung's Jay-Z album giveaway The company's marketing campaign of giving a download of the rap star's latest album to owners of its Galaxy mobile phones benefited both parties http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/DX8P14/MQ/h?a1=2013&a2=7&a3=8   ING's merger of two subsidiaries The Dutch bank realised that careful communications with staff and customers would be crucial to the success of its merging of two subsidiaries http://link.ft.com/r/FG6LAA/1OITAE/UU4QGA/2087DO/20FYE8/MQ/h?a1=2013&a2=7&a3=8   Special Reports - 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