In today's FT: Strategy switch at Bank of England, Bernanke vows no...


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Financial Times
In today's FT
Thursday July 18 2013

UK Homepage
 
Strategy switch at Bank of England
Minutes of the July meeting of the Monetary Policy Committee of the Bank of England show that Mark Carney has swept aside four years of stimulus policy
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/A5BX0N/9A/h?a1=2013&a2=7&a3=17
 
Bernanke vows no retreat on easing policy
Fed chairman repeats intention to slow asset purchases later this year if economy stays strong, but also tries to show Fed is not backing away from easy monetary policy
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/OF4PYX/9A/h?a1=2013&a2=7&a3=17
 
NSA snooping far wider than known
The US agency has previously said it traces connections with potential terror targets by only two degrees of separation
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/Z8J0PZ/9A/h?a1=2013&a2=7&a3=17
 

Financial Times - US homepage
 
Intel revenues hit by PC slump
The US chipmaker issues a cautious forecast for the third quarter as it prepares for the critical rollout of a new wave of low-priced, touchscreen machines
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/B4GKCZ/9A/h?a1=2013&a2=7&a3=17
 
IBM lifts outlook after beating forecasts
IBM chief Ginni Rometty promised 'continued improvement through the second half', and said she would be 'rebalancing' staff in underperforming areas
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/SUDT9R/9A/h?a1=2013&a2=7&a3=17
 
Bank of England signals shift away from QE
Bank of England's interest rate-setting committee says financial markets had prematurely withdrawn stimulus from the economy in June
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/RPKLQE/9A/h?a1=2013&a2=7&a3=17
 

Financial Times - Europe homepage
 
IMF urges China to implement reforms
The International Monetary Fund says China is running out of time to implement critical reforms and shift its economy away from investment-led growth
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/NR53DG/9A/h?a1=2013&a2=7&a3=17
 
Europe and Asia continue to hamper Ebay
Earlier assertions that it would overcome challenges in the second half of the year are shaken, with the stock falling more than 6 per cent in after-market trading
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/FD0E7E/9A/h?a1=2013&a2=7&a3=17
 
Peltz urges PepsiCo to buy Mondelez
Activist investor says that he plans to have discussions with the management of Mondelez in the next few weeks about his suggested merger
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/VTEGRQ/9A/h?a1=2013&a2=7&a3=17
 

Financial Times - Asia homepage
 
JPMorgan in talks over power price claims
Part of the enforcement action was to involve JPMorgan traders being banned from commodity markets, according to a person familiar with the situation
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/DX6Y2P/9A/h?a1=2013&a2=7&a3=17
 
Thai farm subsidy creates rice mountain
The Thai government's buying scheme, which has resulted in a rice hoard of up to 18m tonnes, threatens to undermine the global market
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/DX6Y26/9A/h?a1=2013&a2=7&a3=17
 

World News
 
Italian PM faces revolt over deportations
Italy's prime minister is facing a growing revolt from within his centre-left party over the crisis surrounding the deportations of a Kazakh family
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/A5BX09/9A/h?a1=2013&a2=7&a3=17
 
Lew urges Congress to back bank reforms
Treasury secretary pushed back against opponents of Dodd-Frank rules, saying they had already begun to change bank behaviour and business models
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/WHQ8FJ/9A/h?a1=2013&a2=7&a3=17
 
Greece agrees deal to reform civil service
Protesters gathered outside parliament as voting took place, shouting anti-austerity slogans and calling for the government to resign
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/PNWUE3/9A/h?a1=2013&a2=7&a3=17
 
Polish opposition revival sparks EU concerns
Calls for some foreign-owned banks to be renationalised, and declarations land should be owned mainly by Polish farmers, are reasons for investor jitters
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/FD0EZP/9A/h?a1=2013&a2=7&a3=17
 
Ireland set to review neutrality policy
Dublin considers loosening the requirements for sending troops abroad in a move opponents say threatens the country's policy of neutrality
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/52U7B3/9A/h?a1=2013&a2=7&a3=17
 

Companies news and analysis - FT.com
 
Dismissed traders sue Deutsche Bank
Germany's largest lender dismissed the four traders after an internal investigation into alleged involvement in the manipulation of Euribor
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/Z8J0P1/9A/h?a1=2013&a2=7&a3=17
 
EU presses Google for more concessions
Latest ultimatum from EU's competition commissioner pushes Google to revise proposed deal attacked by groups complaining about US group's dominance
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/9MHW0X/9A/h?a1=2013&a2=7&a3=17
 
India private banks suffer after RBI move
Reserve Bank of India's measures to boost rupee by tightening liquidity levels are likely to make private banks less attractive to investors
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/4VPZBC/9A/h?a1=2013&a2=7&a3=17
 
Downbeat Maersk chief warns of new era
Chief executive says industry must prepare for a new era that will see growth in demand fall to half the levels seen over the past two decades
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/DX6Y22/9A/h?a1=2013&a2=7&a3=17
 
Barclays refuses to pay $470m US fine
Refusal to pay the fine will automatically prompt the Federal Energy Regulatory Commission to file a complaint at a federal court and bring the case to trial
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/52U7BS/9A/h?a1=2013&a2=7&a3=17
 

Markets
 
Stocks bounce on Bernanke comments
Fed chief emphasises bond purchases could yet be accelerated if economic recovery shows signs of faltering
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/Q3X1QF/9A/h?a1=2013&a2=7&a3=17
 
Gold mining stocks hit as price falls
Gold industry investors brace for an uncomfortable results season as miners reveal the impact of falling gold prices – writedowns could exceed $20bn
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/A5BX0H/9A/h?a1=2013&a2=7&a3=17
 
US refiners process most crude since 2005
Crude oil data reflect the impact of rising availability of cheap domestic crude and strong demand for oil products from Europe and Latin America
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/7ZL56M/9A/h?a1=2013&a2=7&a3=17
 
Fed's jobs focus will drive shares higher
Commitment to keep monetary policy accommodative to reach goals of 'maximum employment' and 2% inflation favours equities over bonds
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/CW8DV2/9A/h?a1=2013&a2=7&a3=17
 
Euro strength defies the bears
Investors are increasingly bullish on the dollar, but despite political crises the single currency has refused to buckle, confounding the bears
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/1OFV19/9A/h?a1=2013&a2=7&a3=17
 

Financial Times - Comment
 
Superstars still reign over publishing
The decline of retail chains has made book publishers warier of taking risks on new authors on whom they will probably lose money
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/T1YHS5/9A/h?a1=2013&a2=7&a3=17
 
A strong leader in Japan is not a minus
Love him or loathe him, Abe's foreign counterparts know he is someone with whom they can do business, as he is likely to remain in power until 2016 at least
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/HIV9M8/9A/h?a1=2013&a2=7&a3=17
 
Britain's rentier society fit for a royal
Never mind education, hard work or getting a good job – having the right ancestors is what matters
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/T1YHSA/9A/h?a1=2013&a2=7&a3=17
 
At 95, Mandela has no fear of death
On the former South African leader's birthday, his confidant and lawyer remembers some of the happier and more trying times they shared
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/9MHW0A/9A/h?a1=2013&a2=7&a3=17
 
Spreading the word one tweet at a time
It is official. According to the Vatican, following the Pope on Twitter is an accepted path to paradise – the impact on Silicon Valley will be huge
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/FD0EZ8/9A/h?a1=2013&a2=7&a3=17
 

Financial Times - Management
 
The working-parent conundrum
Employers' need for a larger female workforce has made accessible childcare more urgent as a nanny is beyond the reach of most working women
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/LS7FK3/9A/h?a1=2013&a2=7&a3=17
 
Cricket, tax and doing the right thing
Cricketer Stuart Broad not 'walking' and tax avoidance cases raise the issue of why should one go beyond simply obeying the law or a game's rules
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/87T46I/9A/h?a1=2013&a2=7&a3=17
 
The buccaneer in corporate India
Avantika Chilkoti reviews 'Conquering the Chaos', in which Ravi Venkatesan makes plain that it takes deep knowledge and character to tap India's vast potential
http://link.ft.com/r/6NPSBB/PNA7QI/NSVWP8/4VO31R/9MHW0M/9A/h?a1=2013&a2=7&a3=17
 
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