In today's FT: Geithner joins top table of public speakers, White H...


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Financial Times
In today's FT
Monday July 08 2013

UK Homepage
 
Geithner joins top table of public speakers
The former US Treasury secretary ranks alongside Bill Clinton and Tony Blair after receiving about $400,000 for three recent speaking engagements
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/20FKVK/VU/h?a1=2013&a2=7&a3=7
 
White House set for trade clash on banks
Washington fears that including a framework for financial regulatory convergence in EU talks could give open Dodd-Frank loophole
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/52PIZD/VU/h?a1=2013&a2=7&a3=7
 
Spitzer makes run for New York public office
The former New York attorney-general hopes to run for comptroller just five years after a prostitution scandal forced his resignation as New York state governor
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/1ORXCI/VU/h?a1=2013&a2=7&a3=7
 

Financial Times - US homepage
 
Cairo seeks Gulf help as unrest continues
Signs emerge that weeks of political unrest have further damaged the country's already beleaguered economy and that instability is far from over
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/JQ2TJY/VU/h?a1=2013&a2=7&a3=7
 
Billionaires add to Singapore inequality concerns
Island state faces increasingly awkward dilemma as its image as a playground for the wealthy collides with an economic squeeze felt by its middle class
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/K9AHJC/VU/h?a1=2013&a2=7&a3=7
 
US Treasury sued over Fannie and Freddie
Hedge fund Perry Capital alleges the US Treasury violated rules associated with control of the companies when it required them to funnel profits back to the government as a dividend
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/FDOPIU/VU/h?a1=2013&a2=7&a3=7
 

Financial Times - Europe homepage
 
Apple iOS 7 rollout to shake up app economy
Stakes are high for latest release, which will test whether company can keep revolutionary spirit of Steve Jobs alive
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/B4BRXV/VU/h?a1=2013&a2=7&a3=7
 
Bangladesh factories face tighter scrutiny
Factories making clothes for 70 mostly European companies will be inspected over the next nine months
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/7Z1QMK/VU/h?a1=2013&a2=7&a3=7
 
Carlos Slim invests $40m in Shazam
Carlos Slim has investment $40m in UK start-up Shazam, and the music recognition app will be preloaded on handsets sold by his América Móvil mobile operator from later this year
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/EK63YC/VU/h?a1=2013&a2=7&a3=7
 

Financial Times - Asia homepage
 
Probe into fatal San Francisco jet crash
Air safety investigators say the Boeing 777 was moving "significantly below" the required airspeed during its runway approach
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/GY0UE6/VU/h?a1=2013&a2=7&a3=7
 
Osborne set to back sweeping City reform
The chancellor is ready to pledge to implement most of the sweeping cultural changes proposed by the cross-party banking commission
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/B4BRXY/VU/h?a1=2013&a2=7&a3=7
 

World News
 
ElBaradei's rejection betrays Egypt splits
The U-turn on naming a new premier, following opposition by the Salafi group Nour, reveals the tough task facing the army in appeasing rival factions
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/3CND2I/VU/h?a1=2013&a2=7&a3=7
 
Portugal PM promotes partner to heal rift
Appointment of Paulo Portas, leader of the conservative People's party, signals Lisbon will seek greater leeway from international lenders on austerity
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/MJ7GFW/VU/h?a1=2013&a2=7&a3=7
 
PP's ex-treasurer speaks on fund scandal
Luis Bárcenas, arrested last month, has said in a press interview that Spain's centre-right ruling party broke campaign finance laws for at least 20 years
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/4V3YZ0/VU/h?a1=2013&a2=7&a3=7
 
Canadian oil train explodes in small town
Four cars caught fire and exploded in huge fireball that mushroomed hundreds of feet into the air and flattened dozens of buildings
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/NRM8NV/VU/h?a1=2013&a2=7&a3=7
 

Companies news and analysis - FT.com
 
Banks warn of risk at clearing houses
Clearers are posing a growing risk to the stability of the financial system, says bankers who fear capital levels are too low to support lenders
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/SUKVLF/VU/h?a1=2013&a2=7&a3=7
 
Rate rises to spur banks' capital losses
Interest rate increases are erasing paper gains made by US banks, amid concern about the 'tapering' of the central bank's bond-buying programme
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/FDOPI5/VU/h?a1=2013&a2=7&a3=7
 
BP attacks method used to claim payouts
Oil company is attempting to block 'inflated' compensation payments to businesses, which could add billions of dollars to the cost of the settlement
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/VTIZBO/VU/h?a1=2013&a2=7&a3=7
 
CIIA code elevates internal auditor's role
New code published by the Chartered Institute of Internal Auditors seeks to put internal auditors at banks and insurers on a more independent footing
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/52PIZK/VU/h?a1=2013&a2=7&a3=7
 
Lord Davies leads Lloyds consortium
Former trade minister Lord Davies is leading a group of investors to buy the majority of the government's 39 per cent stake in Lloyds Banking Group
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/B4BRXD/VU/h?a1=2013&a2=7&a3=7
 

Markets
 
Texas heartland leads the US oil revival
Investment puts the area at the core of the country's hopes for energy independence, writes Ed Crooks in a new series on the future of oil
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/1ORXCW/VU/h?a1=2013&a2=7&a3=7
 
ETFs close in record numbers despite boom
Moves by regulators to crack down on more esoteric fund structures to protect investors have resulted in a decline in new funding
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/IEVL9B/VU/h?a1=2013&a2=7&a3=7
 
Saudi Arabia ramps up gas drilling
Domestic demand for oil is rising from Saudi Arabia's fast growing refining sector and has prompted the need for the kingdom to produce more gas
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/VTIZBR/VU/h?a1=2013&a2=7&a3=7
 
Delistings take shine off Aim growth
Number of companies quitting the junior market has doubled to 25 in the second quarter, in part because of financial stress they faced
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/87L95T/VU/h?a1=2013&a2=7&a3=7
 

Financial Times - Comment
 
Weary US consumer shoulders a big load
With China showing, Europe still stuck and Japan in doubt, Middle-class America is being asked to save the global economy
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/T1D2T4/VU/h?a1=2013&a2=7&a3=7
 
Guidance only works if you do it right
Last week's statement implies the ECB is more pessimistic about the eurozone than I am. I didn't think it possible
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/EK63Y8/VU/h?a1=2013&a2=7&a3=7
 
Help business by taxing  profits abroad
The US should eliminate the distinction between repatriated and unrepatriated foreign corporate profits Lawrence Summers
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/A5HJXM/VU/h?a1=2013&a2=7&a3=7
 
Britain needs a return to philanthropy
Our problems provide an opportunity to redefine the role of the individual, society and the state and draw up a new social contract
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/FDOPIC/VU/h?a1=2013&a2=7&a3=7
 
Snowden points to US moral decline
The debate reinstates the most morally problematic aspect of imperialism: rules that apply to the 'civilised' do not apply to outsiders
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/Q3W0U1/VU/h?a1=2013&a2=7&a3=7
 

Financial Times - Management
 
Simon Segars, Arm Holdings chief
The new head of the microprocessor company, the UK's flagship technology group, is ready to embrace a more connected world
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/LSZBRZ/VU/h?a1=2013&a2=7&a3=7
 
How the Stones keep time on their side
The stubbornly enduring group stays that way not by reinventing itself but by flouting the rules contained in every success manual
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/FDOPIR/VU/h?a1=2013&a2=7&a3=7
 
Migratory beekeeper
David Mendes transports billions of bees across the US each year to pollinate crops from his farm in Florida to California, Maine and Massachusetts
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/Z8S4O1/VU/h?a1=2013&a2=7&a3=7
 
A promotion without a pay rise
Career ladders have become climbing frames – sometimes you need to go across and even down before you can go up
http://link.ft.com/r/FG6LAA/B4PO6P/UU4QGA/WH162F/DX8NDV/VU/h?a1=2013&a2=7&a3=7
 
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